News Archives - Insurance Journal

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22 04, 2025

Lawsuits Against BP Over Health Impacts of Deepwater Horizon Cleanup Stalled in Court

By | April 22nd, 2025|Uncategorized|Comments Off on Lawsuits Against BP Over Health Impacts of Deepwater Horizon Cleanup Stalled in Court

Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the effects of the nation’s worst offshore oil spill are still …

22 04, 2025

Inszone Acquires Missouri’s Davidson Insurance Agency

By | April 22nd, 2025|Uncategorized|Comments Off on Inszone Acquires Missouri’s Davidson Insurance Agency

Inszone Insurance Services announced its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a reputation for personalized and comprehensive insurance …

21 04, 2025

Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust

By | April 21st, 2025|Uncategorized|Comments Off on Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust

Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …

21 04, 2025

Capital Farm Credit Acquires Two Texas Agencies

By | April 21st, 2025|Uncategorized|Comments Off on Capital Farm Credit Acquires Two Texas Agencies

The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …

21 04, 2025

ALKEME Acquires Michigan’s Crawford Insurance Group

By | April 21st, 2025|Uncategorized|Comments Off on ALKEME Acquires Michigan’s Crawford Insurance Group

ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …

21 04, 2025

AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

By | April 21st, 2025|Uncategorized|Comments Off on AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …

21 04, 2025

Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon

By | April 21st, 2025|Uncategorized|Comments Off on Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon

Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses, according to Aon’s Q1 Global …

21 04, 2025

California Workers’ Comp Board OKs Higher Pure Premium Rate Filing

By | April 21st, 2025|Uncategorized|Comments Off on California Workers’ Comp Board OKs Higher Pure Premium Rate Filing

The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …

22 04, 2025

Walgreens to Pay $300 Million in US Opioid Settlement

By | April 22nd, 2025|Uncategorized|Comments Off on Walgreens to Pay $300 Million in US Opioid Settlement

Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday. The money, plus 4% interest annually, will …

22 04, 2025

Relation Insurance Acquires True-Course Insurance Services in California

By | April 22nd, 2025|Uncategorized|Comments Off on Relation Insurance Acquires True-Course Insurance Services in California

Relation Insurance Services acquired the assets of True-Course Aviation Services Inc. in Camarillo, California. Aejandro Galioto, owner of True-Course, will continue to lead the firm and spearhead the expansion of Relation’s dedicated aviation insurance practice. True-Course offers aviation risk services. …