News Archives - Insurance Journal

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17 04, 2025

People Moves: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East; DUAL Europe Expands Marine Business With New Team in Hamburg, Germany

By | April 17th, 2025|Uncategorized|Comments Off on People Moves: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East; DUAL Europe Expands Marine Business With New Team in Hamburg, Germany

Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East Specialty MGA Africa & Middle East, part of MNK Group and a sister company of Specialty MGA UK, announced the appointment of two new senior underwriters as it strengthens …

17 04, 2025

Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers

By | April 17th, 2025|Uncategorized|Comments Off on Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers

1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing …

18 04, 2025

New Hampshire Regulates Use of Technology in Auto Claims, Property Underwriting

By | April 18th, 2025|Uncategorized|Comments Off on New Hampshire Regulates Use of Technology in Auto Claims, Property Underwriting

The New Hampshire Insurance Department (NHID) has issued a bulletin clarifying insurers’ obligations when using virtual claims adjustment systems to assess automobile damage. That guidance came in response to a growing number of insurers relying on photo and video submissions …

18 04, 2025

Major Florida Grower to Build New Home Development After Ending Citrus Operations

By | April 18th, 2025|Uncategorized|Comments Off on Major Florida Grower to Build New Home Development After Ending Citrus Operations

FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, …

18 04, 2025

Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors

By | April 18th, 2025|Uncategorized|Comments Off on Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors

A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afoul of anti-discrimination …

18 04, 2025

Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

By | April 18th, 2025|Uncategorized|Comments Off on Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push

Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …

11 04, 2025

People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland

By | April 11th, 2025|Uncategorized|Comments Off on People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland

Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European Markets, with immediate effect. Seip joins Arch Insurance (EU) …

10 04, 2025

NYC Tourist Helicopter Crashes in Hudson River, Killing Six

By | April 10th, 2025|Uncategorized|Comments Off on NYC Tourist Helicopter Crashes in Hudson River, Killing Six

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …

11 04, 2025

People Moves: World Insurance Names Robinson SE Revenue Leader

By | April 11th, 2025|Uncategorized|Comments Off on People Moves: World Insurance Names Robinson SE Revenue Leader

James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior vice president and sales director …

11 04, 2025

Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

By | April 11th, 2025|Uncategorized|Comments Off on Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit that Duracell, owned by Buffett’s …