News Archives - Insurance Journal

/News Archives - Insurance Journal

About News Archives - Insurance Journal

This author has not yet filled in any details.
So far News Archives - Insurance Journal has created 5154 blog entries.
22 05, 2025

D.A. Says Former California Police Officer on Workers’ Comp Went to Festival, Skied

By | May 22nd, 2025|Uncategorized|Comments Off on D.A. Says Former California Police Officer on Workers’ Comp Went to Festival, Skied

A former Westminster, California, police officer and her stepfather were charged in a large-scale workers’ compensation fraud case after an investigation revealed the officer collected more than $600,000 in disability payments while reportedly engaging in physically strenuous activities. Nicole Brown, …

22 05, 2025

Senate Votes to Block California’s Rule to Ban Sale of New Gas-Powered Cars by 2035

By | May 22nd, 2025|Uncategorized|Comments Off on Senate Votes to Block California’s Rule to Ban Sale of New Gas-Powered Cars by 2035

The Senate voted on Thursday to block California’s first-in-the nation rule banning the sale of new gas-powered cars by 2035, moving to kill the country’s most aggressive effort to transition toward electric vehicles as President Donald Trump’s administration has doubled …

22 05, 2025

Get Ready for Another Busy Atlantic Hurricane Season

By | May 22nd, 2025|Uncategorized|Comments Off on Get Ready for Another Busy Atlantic Hurricane Season

With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms Beryl, …

21 05, 2025

Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area

By | May 21st, 2025|Uncategorized|Comments Off on Alphabet’s Waymo Gets California Nod for Robotaxi Expansion in Bay Area

Alphabet’s self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose. Waymo’s permission from California comes as Tesla gears up …

21 05, 2025

World Insurance Adds Two Agencies in South Carolina

By | May 21st, 2025|Uncategorized|Comments Off on World Insurance Adds Two Agencies in South Carolina

New Jersey-based World Insurance Associates, one of the larger brokerages in the country, has continued its expansion plans with the recent acquisition of two agencies in South Carolina, the firm announced this week. Owens Insurance Agency, in Greer, and Stokes …

21 05, 2025

Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks

By | May 21st, 2025|Uncategorized|Comments Off on Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks

The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as droughts and flooding, according to a new study. Those losses from adverse weather equate to about 6% of production, according …

21 05, 2025

Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B

By | May 21st, 2025|Uncategorized|Comments Off on Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B

Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values itel at over $1.3 billion, including …

21 05, 2025

Marks & Spencer Says Cyberattack to Cost £300 Million

By | May 21st, 2025|Uncategorized|Comments Off on Marks & Spencer Says Cyberattack to Cost £300 Million

Marks & Spencer Group Plc is facing a £300 million ($403 million) hit to operating profit this fiscal year from a cyberattack that’s still disrupting the company’s sales and operations. The British retailer will try to mitigate the impact with …

21 05, 2025

Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge

By | May 21st, 2025|Uncategorized|Comments Off on Radio Calls for Help Sent 45 Seconds Before Mexican Ship Hit Brooklyn Bridge

The Mexican navy tall ship that struck the Brooklyn Bridge was underway for less than 5 minutes before its masts crashed into the historic span, and radio calls indicating it was in distress went out only 45 seconds before the …

21 05, 2025

Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024

By | May 21st, 2025|Uncategorized|Comments Off on Boost Prices or Retreat? How Carriers Improved Homeowners Books in 2024

Direct written premiums in the U.S. homeowners insurance market rose more than 13 percent in 2024, and the net combined ratio for the line fell below breakeven for the first time in five years. Higher prices explained much of the …