News Archives - Insurance Journal

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16 09, 2025

Without Clear Rules on Use, Maine Towns Experimenting With AI

By | September 16th, 2025|Uncategorized|Comments Off on Without Clear Rules on Use, Maine Towns Experimenting With AI

After reading through a pile of resumes, Town Manager Anthony Wilson mentally ranked the people trying to become Winthrop’s general assistance administrator. Seeking a second opinion, he turned to ChatGPT. He fed the job description and resumes into the artificial …

16 09, 2025

Viewpoint: Can Global Reinsurers Stay on Track Through 2026?

By | September 16th, 2025|Uncategorized|Comments Off on Viewpoint: Can Global Reinsurers Stay on Track Through 2026?

During the upcoming renewals, S&P Global Ratings expects a moderate decline in pricing for short-tail lines but that global reinsurers will hold firm on terms and conditions. Risks arising from geopolitical tensions could affect both sides of global reinsurers’ balance …

16 09, 2025

VW Brown Owner Ripley Takes Over as Chair of Big ‘I’

By | September 16th, 2025|Uncategorized|Comments Off on VW Brown Owner Ripley Takes Over as Chair of Big ‘I’

Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organization’s Fall …

15 09, 2025

Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Programs

By | September 15th, 2025|Uncategorized|Comments Off on Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Programs

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensation Institute out this week examines FRPs, multidisciplinary treatments aimed …

16 09, 2025

Fire and Explosion at North Carolina Manufacturing Site Under Investigation

By | September 16th, 2025|Uncategorized|Comments Off on Fire and Explosion at North Carolina Manufacturing Site Under Investigation

Authorities were investigating a fire and explosion at a Fiberon plant in North Carolina that injured four workers late last week. The Queen City News and other sites reported that the facility in New London, which makes composite material for …

16 09, 2025

China Fires Water Cannons After Collision With Philippine Ship

By | September 16th, 2025|Uncategorized|Comments Off on China Fires Water Cannons After Collision With Philippine Ship

Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila of illegally intruding into …

16 09, 2025

Fidelis Partnership Launches MGA Arenite Specialty for Surety, Credit Risk Insurance

By | September 16th, 2025|Uncategorized|Comments Off on Fidelis Partnership Launches MGA Arenite Specialty for Surety, Credit Risk Insurance

Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Arenite Specialty to write surety and credit risk insurance. Initially focused on Australia, Asia Pacific and Latin America, the …

16 09, 2025

SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting

By | September 16th, 2025|Uncategorized|Comments Off on SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting

Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism. The Securities and Exchange Commission …

16 09, 2025

Maryland Insurers Must Disclose Use of Claims History for All P/C Lines

By | September 16th, 2025|Uncategorized|Comments Off on Maryland Insurers Must Disclose Use of Claims History for All P/C Lines

Maryland’s insurance commissioner is advising insurers that if they consider claims history in deciding whether to cancel or non-renew coverage, they must disclose this practice at the inception of a policy and at each renewal for all lines of property/casualty …

12 09, 2025

California Court Rules LA Retailer Illegally Sold Credit Insurance

By | September 12th, 2025|Uncategorized|Comments Off on California Court Rules LA Retailer Illegally Sold Credit Insurance

The California Second District Court of Appeals found that a retail store chain illegally sold credit insurance to its customers. The California Department of Justice charged Adir International LLC (dba Curacao), and its owner Ron Azarkman of unlawfully profiting from …