News Archives - Insurance Journal

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27 03, 2025

State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software

By | March 27th, 2025|Uncategorized|Comments Off on State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software

A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plaintiffs, …

27 03, 2025

Nashville Group Gearing Up for Major League Baseball Stadium

By | March 27th, 2025|Uncategorized|Comments Off on Nashville Group Gearing Up for Major League Baseball Stadium

NASHVILLE, Tenn. (AP) — Music City Baseball is teaming with a property company in hopes of buying land that could one day serve as the home of a Major League Baseball team. The deal between Music City Baseball and Lincoln …

27 03, 2025

Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands

By | March 27th, 2025|Uncategorized|Comments Off on Sompo Granted Licenses to Write Primary Insurance in Belgium and the Netherlands

Sompo, the global provider of commercial and consumer property and casualty re/insurance, announced it has been granted licenses by the regulatory authorities to write primary insurance locally in Belgium and the Netherlands. Sompo said the development extends further Sompo’s commercial …

27 03, 2025

Eight Corvettes Stolen from Kentucky Plant But Found Later, Some with Minor Damage

By | March 27th, 2025|Uncategorized|Comments Off on Eight Corvettes Stolen from Kentucky Plant But Found Later, Some with Minor Damage

LOUISVILLE, Ky. (AP) — Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said. The cars were taken from the …

27 03, 2025

Massachusetts Probes Robinhood Again, This Time Over March Madness Betting

By | March 27th, 2025|Uncategorized|Comments Off on Massachusetts Probes Robinhood Again, This Time Over March Madness Betting

REUTERS EXCLUSIVE Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments. Massachusetts …

27 03, 2025

State Farm Insurance Agents Can Now Offer Personal Loans

By | March 27th, 2025|Uncategorized|Comments Off on State Farm Insurance Agents Can Now Offer Personal Loans

In the latest expansion of the alliance between State Farm and U.S. Bank, State Farm customers can apply for U.S. Bank personal loans for up to $50,000 working directly with their insurance agent. The new offering joins the existing suite …

27 03, 2025

AM Best Revises Outlooks to Stable for Members of ISMIE

By | March 27th, 2025|Uncategorized|Comments Off on AM Best Revises Outlooks to Stable for Members of ISMIE

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ISMIE Mutual Insurance Company and ISMIE Indemnity Company (collectively known as …

27 03, 2025

Texas Lt. Gov. Threatens Overtime Session to Force THC Ban

By | March 27th, 2025|Uncategorized|Comments Off on Texas Lt. Gov. Threatens Overtime Session to Force THC Ban

Lt. Gov. Dan Patrick said he will move to force an overtime session of the Legislature if lawmakers fail to ban THC or tighten Texas’ bail laws — two of his top priorities — before the current session ends in …

27 03, 2025

People Moves: Everest Re Taps Haines From Carpenter as Global Head of Engineering; MGA Aqueous Promotes Dorrell to New Role as Head of P/C

By | March 27th, 2025|Uncategorized|Comments Off on People Moves: Everest Re Taps Haines From Carpenter as Global Head of Engineering; MGA Aqueous Promotes Dorrell to New Role as Head of P/C

This edition of International People Moves details appointments at Everest Re and the MGA Aqueous Underwriting. A summary of these new hires follows here. Everest Re Taps Haines From Carpenter as Global Head of Engineering Everest Reinsurance, the reinsurance division …

27 03, 2025

West Texas Lawmakers Want to Divert Oil and Gas Taxes to Address Oil Patch Repairs

By | March 27th, 2025|Uncategorized|Comments Off on West Texas Lawmakers Want to Divert Oil and Gas Taxes to Address Oil Patch Repairs

The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns, tearing up roads. Companies built temporary …