News Archives - Insurance Journal

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13 05, 2025

At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods

By | May 13th, 2025|Uncategorized|Comments Off on At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods

At least 10 people in the U.S. have been sickened in a listeria outbreak linked to ready-to-eat food products, and a producer is voluntarily recalling several products, federal officials said. The U.S. Food and Drug Administration said Saturday that federal, …

13 05, 2025

Judge Recommends Approving 17% State Farm Rate Hike in California

By | May 13th, 2025|Uncategorized|Comments Off on Judge Recommends Approving 17% State Farm Rate Hike in California

It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval …

14 05, 2025

People Moves: The Buckner Company Appoints Kettler as President

By | May 14th, 2025|Uncategorized|Comments Off on People Moves: The Buckner Company Appoints Kettler as President

The Buckner Company appointed Joshua Kettler as president, effective June 2. Kettler has experience spanning strategy, operations and executive advisory roles. He worked at Patagonia, where he was a partner to the head of global sales and customer experience. Most …

14 05, 2025

Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss

By | May 14th, 2025|Uncategorized|Comments Off on Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss

The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …

14 05, 2025

State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill

By | May 14th, 2025|Uncategorized|Comments Off on State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill

A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump’s massive tax and spending bill, a move that would benefit many of the US’s largest tech and AI companies. OpenAI, Meta Platforms Inc., …

14 05, 2025

South Africa’s Tiger Brands Offers Settlement to Plaintiffs in Listeriosis Class Action

By | May 14th, 2025|Uncategorized|Comments Off on South Africa’s Tiger Brands Offers Settlement to Plaintiffs in Listeriosis Class Action

Tiger Brands, South Africa’s biggest food producer, on Monday [May 12] offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000. The offer …

14 05, 2025

People Moves: Zurich Gets Himes From Chubb To Lead Underwriting for US Mid Market

By | May 14th, 2025|Uncategorized|Comments Off on People Moves: Zurich Gets Himes From Chubb To Lead Underwriting for US Mid Market

Bennett Himes joined Zurich North America, headquartered in Schaumburg, Illinois, as the new head of underwriting for U.S. middle market. Himes oversees the overall portfolio strategy and maintaining the underwriting integrity of Zurich’s U.S. Middle Market business. He succeeds John …

14 05, 2025

UK Watchdog Set to Ease Insurance Rules for Large Companies

By | May 14th, 2025|Uncategorized|Comments Off on UK Watchdog Set to Ease Insurance Rules for Large Companies

The UK markets watchdog is planning to pare its rules on how insurers can sell policies to large companies, the latest signal regulators are pivoting to a more pragmatic stance that leans heavily into the government’s growth agenda. The changes …

14 05, 2025

Conduit Re Names Eckert as CEO

By | May 14th, 2025|Uncategorized|Comments Off on Conduit Re Names Eckert as CEO

CHL, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurer, announced the appointment of Neil Eckert as chief executive officer. Eckert has been acting as Conduit’s interim CEO since late March 2025, following the retirement of Trevor Carvey. …

14 05, 2025

Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover

By | May 14th, 2025|Uncategorized|Comments Off on Markets/Coverages: Markel Launches Affirmative Cyber Product for Collateral War Cover

Markel Insurance, the insurance operations within Markel Group Inc., launched a specialist cyber product to provide up to US$5 million of cover per risk for indirect losses arising from an act of war. Cyber risks are a significant concern for …