News Archives - Insurance Journal

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22 01, 2025

People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit

By | January 22nd, 2025|Uncategorized|Comments Off on People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit

Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business development sectors since 2010. Prior to becoming a partner, he was an employee benefits consultant for over 10 years. Michael …

31 01, 2025

Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

By | January 31st, 2025|Uncategorized|Comments Off on Corporate ‘Irritation’ Over ESG Fueled by Significant Costs

As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology. Instead, annoyance with environmental, social and governance metrics has grown along with regulatory requirements around ESG …

31 01, 2025

Australia Braces for Life-Threatening Floods as Six Storms Brew

By | January 31st, 2025|Uncategorized|Comments Off on Australia Braces for Life-Threatening Floods as Six Storms Brew

Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …

22 01, 2025

EU Is Set to Shrink ESG Reporting Rules Amid French Demands

By | January 22nd, 2025|Uncategorized|Comments Off on EU Is Set to Shrink ESG Reporting Rules Amid French Demands

The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework. The French government is readying a new set of …

5 02, 2025

Emails Reveal Extent of Saints’ Intervention for Clergy Sex Abuse Crisis

By | February 5th, 2025|Uncategorized|Comments Off on Emails Reveal Extent of Saints’ Intervention for Clergy Sex Abuse Crisis

As New Orleans church leaders braced for the fallout from publishing a list of predatory Catholic priests, they turned to an unlikely ally: the front office of the city’s NFL franchise. What followed was a monthslong, crisis-communications blitz orchestrated by …

27 01, 2025

W.R. Berkley Posts Record Year With Q4 Net Income Up 45%

By | January 27th, 2025|Uncategorized|Comments Off on W.R. Berkley Posts Record Year With Q4 Net Income Up 45%

Forth quarter 2024 net income at W.R. Berkley Corp. jumped 45% compared to a year ago to about $576 million. For the year, the Greenwich, Connecticut-based commercial insurer said it booked record income of about $1.8 billion compared to about …

31 01, 2025

Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs

By | January 31st, 2025|Uncategorized|Comments Off on Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs

Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, …

31 01, 2025

Europe’s Insurers May Face New Capital Rules for Climate Risk

By | January 31st, 2025|Uncategorized|Comments Off on Europe’s Insurers May Face New Capital Rules for Climate Risk

Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is recommending the industry update the way it accounts for natural catastrophe risks in …

6 02, 2025

NC Rate Bureau Wants 23% Hike in Auto Insurance Rates

By | February 6th, 2025|Uncategorized|Comments Off on NC Rate Bureau Wants 23% Hike in Auto Insurance Rates

The North Carolina Rate Bureau, basing its filing on input from insurers in the state, has requested a 22.6% average increase in auto insurance rates, starting Oct. 1. The state insurance commissioner will have input and, if previous rate changes …

31 01, 2025

Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

By | January 31st, 2025|Uncategorized|Comments Off on Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries

Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies. Since …