News Archives - Insurance Journal

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21 05, 2025

Shortage of Overnight Truck Parking Blamed for 2023 Fatal Greyhound Bus Crash in Illinois

By | May 21st, 2025|Uncategorized|Comments Off on Shortage of Overnight Truck Parking Blamed for 2023 Fatal Greyhound Bus Crash in Illinois

Overnight parking for long-haul truckers at interstate rest stops is critically short and was a key contributor to a 2023 Greyhound bus crash in Illinois that killed three people, federal regulators said Tuesday. The National Transportation Safety Board said driver …

22 05, 2025

Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways

By | May 22nd, 2025|Uncategorized|Comments Off on Kremlin Vows to Defend Its Ships in the Baltic by All Legal Ways

Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone. “A fairly …

22 05, 2025

Budget Cuts at EPA Become Flashpoint at a Heated Hearing

By | May 22nd, 2025|Uncategorized|Comments Off on Budget Cuts at EPA Become Flashpoint at a Heated Hearing

The head of the Environmental Protection Agency clashed with Democratic senators Wednesday, accusing one of being an “aspiring fiction writer” and saying another does not “care about wasting money.” Democrats countered that EPA Administrator Lee Zeldin’s tenure will likely mean …

21 05, 2025

First MainStreet Adds 2 Midwest Agencies

By | May 21st, 2025|Uncategorized|Comments Off on First MainStreet Adds 2 Midwest Agencies

First MainStreet Insurance (FMSI), a division of TrueNorth Companies, announced the continued expansion of its platform with two new strategic partnerships and a notable merger, marking a dynamic start to 2025. Effective May 1, 2025, FMSI has partnered with Rentz …

22 05, 2025

People Moves: Golden Bear Names Hohman Chief Underwriting Officer

By | May 22nd, 2025|Uncategorized|Comments Off on People Moves: Golden Bear Names Hohman Chief Underwriting Officer

Golden Bear Insurance Company hired Greg Hohman as chief underwriting officer. Hohman has experience in the excess and surplus lines sector, most recently serving as chief underwriting officer at Munich Re Specialty Insurance. Previous roles include head of domestic casualty …

22 05, 2025

Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer

By | May 22nd, 2025|Uncategorized|Comments Off on Washington Insurance Commissioner Issues $500K in Fines; $250K Fine for Unlicensed Insurer

Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance Commissioner Patty Kuderer issued $510,500 in fines for …

22 05, 2025

Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet

By | May 22nd, 2025|Uncategorized|Comments Off on Lawsuit Says Florida Aviation Firm Didn’t Verify Inspections of Troubled Learjet

A British aviation firm contends in a lawsuit that a Florida aircraft management company failed to properly inspect a Learjet, botched repairs to landing gear – which allegedly caused a tire blowout on landing – then failed to verify inspection …

22 05, 2025

Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B

By | May 22nd, 2025|Uncategorized|Comments Off on Aircraft Lessor SMBC’s Proceeds From Russian Jet Insurance Settlements Hit $1.4B

Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That brought SMBC’s total recoveries …

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 …