News Archives - Insurance Journal

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18 07, 2025

Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products

By | July 18th, 2025|Uncategorized|Comments Off on Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products

A former Tennessee insurance agent who lost his license in 1999 but continued to sell insurance products has been sentenced to 10 years in prison. Most of that jail time was suspended by a judge. Johnny Ray Jackson, 55, of …

18 07, 2025

Neptune Adds Capacity to Bring Flood Insurance Product Nationwide

By | July 18th, 2025|Uncategorized|Comments Off on Neptune Adds Capacity to Bring Flood Insurance Product Nationwide

Flood insurer Neptune Flood said recently it secured over $400 million in premium capacity and has launched in Alaska to officially become available in all 50 states. Neptune said its capacity panel now includes more than 30 insurance and reinsurance …

18 07, 2025

Cayman Islands Approves 21 New International Insurance Licenses During H1

By | July 18th, 2025|Uncategorized|Comments Off on Cayman Islands Approves 21 New International Insurance Licenses During H1

The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new international insurers during the first half of this year. Between April and June, CIMA …

18 07, 2025

Survivors’ Lawyers Allege Decades of Systemic Abuse in Illinois Detention Facilities

By | July 18th, 2025|Uncategorized|Comments Off on Survivors’ Lawyers Allege Decades of Systemic Abuse in Illinois Detention Facilities

Illinois has one of the nation’s worst problems with child sex abuse at juvenile detention centers, attorneys representing more than 900 survivors who have filed lawsuits said Wednesday. Dozens of complaints, including several filed this week in Chicago, allege decades …

18 07, 2025

People Moves: Encova Insurance Names Two New Senior Leadership Team Members; NI Holdings Inc. Names Dawson SVP and CHRO

By | July 18th, 2025|Uncategorized|Comments Off on People Moves: Encova Insurance Names Two New Senior Leadership Team Members; NI Holdings Inc. Names Dawson SVP and CHRO

Encova Insurance Names Two New Senior Leadership Team Members Encova Insurance Executive Vice President and Chief Strategy Officer John Kessler will retire at the end of 2026 after more than 40 years of dedicated service to the company. As part …

18 07, 2025

Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires

By | July 18th, 2025|Uncategorized|Comments Off on Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires

Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s wildfires in Southern California, City Attorney Hydee Feldstein Soto said on Friday. According to a complaint filed in Los Angeles …

17 07, 2025

Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months

By | July 17th, 2025|Uncategorized|Comments Off on Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months

The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved in all of 2024. Under the state’s regulatory …

17 07, 2025

United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach

By | July 17th, 2025|Uncategorized|Comments Off on United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach

Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million hit to its fiscal 2025 net sales from an unauthorized activity on its internal networks. The grocery distributor took certain systems offline after the activity …

17 07, 2025

Trial Against Meta Over Facebook Privacy Violations Begins

By | July 17th, 2025|Uncategorized|Comments Off on Trial Against Meta Over Facebook Privacy Violations Begins

An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in …

17 07, 2025

People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah

By | July 17th, 2025|Uncategorized|Comments Off on People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah

The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and property/casualty insurance advisory firm. …