News Archives - Insurance Journal

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9 03, 2026

Search Ends for Survivors After Fishing Vessel Sank Off Cape Cod, Killing 2

By | March 9th, 2026|Uncategorized|Comments Off on Search Ends for Survivors After Fishing Vessel Sank Off Cape Cod, Killing 2

The search has been called off for any survivors after a commercial fishing vessel with two people aboard sank off Cape Cod, the U.S. Coast Guard said Friday. Coast Guard Sector Southeastern New England received a notification just before noon …

6 03, 2026

AM Best Upgrades Issuer Credit Rating of First Chicago Insurance Group Members

By | March 6th, 2026|Uncategorized|Comments Off on AM Best Upgrades Issuer Credit Rating of First Chicago Insurance Group Members

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of First Chicago Insurance Company and United Security Insurance Company. The outlook of …

9 03, 2026

How US-Israeli War on Iran Is Upending Global Business

By | March 9th, 2026|Uncategorized|Comments Off on How US-Israeli War on Iran Is Upending Global Business

The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …

9 03, 2026

UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks

By | March 9th, 2026|Uncategorized|Comments Off on UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks

The UK’s flood insurer of last resort says the country’s mortgage banks aren’t doing enough to prepare for the risks facing homeowners across Britain. “Their assumption is they don’t need to do anything,” Perry Thomas, chief executive of Flood Re, …

9 03, 2026

3 Big Questions Facing FEMA With Kristi Noem Out

By | March 9th, 2026|Uncategorized|Comments Off on 3 Big Questions Facing FEMA With Kristi Noem Out

President Donald Trump ousted Kristi Noem as head of the Department of Homeland Security, a move announced Thursdaythat will also have major implications for the nation’s top disaster agency. The Federal Emergency Management Agency, which falls under DHS, has been …

9 03, 2026

Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off

By | March 9th, 2026|Uncategorized|Comments Off on Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off

A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted. The …

9 03, 2026

Authorities Search Debris After Suspected Tornadoes Kill 6 in Michigan, Oklahoma

By | March 9th, 2026|Uncategorized|Comments Off on Authorities Search Debris After Suspected Tornadoes Kill 6 in Michigan, Oklahoma

Authorities searched through rubble and debris in southern Michigan on Saturday after suspected tornadoes tore through the region and killed four people, including a 12-year-old boy, during powerful storms also blamed for two deaths in eastern Oklahoma. First responders from …

6 03, 2026

NHTSA to Hold Self-Driving Safety Forum With CEOs of Waymo, Zoox, Aurora

By | March 6th, 2026|Uncategorized|Comments Off on NHTSA to Hold Self-Driving Safety Forum With CEOs of Waymo, Zoox, Aurora

The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety forum that will include the CEOs of self-driving companies Waymo, Zoox and Aurora on Tuesday. The Trump administration is looking for ways to speed deployment of robotaxis …

9 03, 2026

US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow

By | March 9th, 2026|Uncategorized|Comments Off on US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow

The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The US International Development Finance Corp. said Friday …

9 03, 2026

People Moves: NFP Names Ross Head of Broking, West Region

By | March 9th, 2026|Uncategorized|Comments Off on People Moves: NFP Names Ross Head of Broking, West Region

NFP hired Michelle Ross as vice president, head of property/casualty broking, for its West region. Ross was previously NFP’s California broking leader. With more than three decades in the commercial insurance industry, Ross has partnered with mid-market businesses across Southern …