Today's Insurance News
Automatic updating insurance news with the latest trends and ideas in the insurance industry.
The Top Insurance Journal Stories of 2024 for the Southeast
Posted on Monday December 30, 2024
From insurance lawsuits resulting from a murderous South Carolina lawyer and his family, to relentless Florida storm claims, a tight mobile home market and body-shop fraud charges, news stories gave Insurance Journal readers in the Southeast plenty to digest in …
The Year’s Most Popular Insurance Journal StoriesâWest
Posted on Monday December 30, 2024
Wildfires and their effect on the California’s homeowners insurance crisis dominated Insurance Journal’s West headlines this year. Other popular stories included big lawsuits, and stories on fraudsters and bad actors being caught and punished. Following is the top 10 list …
Top International Insurance Journal Stories of 2024
Posted on Monday December 30, 2024
The top 10 most well-read international stories for 2024 covered a diverse range of topics, including nuclear verdicts, Taylor Swift’s concert cancellations, and the return of stability of the reinsurance market. Two articles focused on the Baltimore Bridge collapse. We’ve …
South Korea Orders Airline Safety Probe After Worst Domestic Crash Kills 179
Posted on Monday December 30, 2024
South Korea’s acting President Choi Sang-mok on Monday ordered an emergency safety inspection of the country’s entire airline operation as investigators worked to identify victims and find out what caused the deadliest air disaster on South Korean soil. All 175 …
Arthur J. Gallagher & Co. Acquires California’s BMR Insurance
Posted on Monday December 30, 2024
Arthur J. Gallagher & Co. announced the acquisition of Tustin, California-based Murray Gardner Insurance Agency Inc., dba BMR Insurance. Terms of the transaction were not disclosed. BMR Insurance is a retail insurance agency serving commercial and personal lines clients primarily …
Oregon House Cat Died From Pet Food That Tested Positive for Bird Flu
Posted on Monday December 30, 2024
PORTLAND, Ore. (AP) â An Oregon house cat died after eating pet food that tested positive for bird flu, Oregon authorities said, prompting a recall of raw frozen pet food that was sold nationwide. Northwest Naturals, a pet food company …
Top National Insurance Journal Stories of 2024
Posted on Monday December 30, 2024
The three largest insurance brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Insurance Journal kept a close eye this year. Also the last 12 months saw difficulties in the …
Generative AI: A Double Agent Serving Good and Evil in the World of Claims
Posted on Monday December 30, 2024
Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms race,” said Shane …
AT&T, Verizon Say Networks Now Clear After Salt Typhoon Hack
Posted on Monday December 30, 2024
AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion. The hackers attempted to gain information about foreign intelligence, Dallas-based AT&T said …
Security First, Amelia Underwriters Offering New Products in Warming Florida Market
Posted on Monday December 30, 2024
Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more â if limited â moves into a warming market in the state. Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, …
Customs Agents Seize 22,000 Fake Vehicle Inspection Stickers Shipped From Israel
Posted on Monday December 30, 2024
The U.S. Customs and Border Protection agency said it has seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. Customs officers found the stickers in two different shipments that arrived …
Top Insurance Journal East Stories of 2024
Posted on Monday December 30, 2024
What do a demolished bridge, insolvent taxi insurer, jailed gang member, upset Mets fan, malfunctioning elevator, drunk injured employee, and a convicted politician have in common? They are all central players in the some of the top Insurance Journal East …
Fire Engulfs Section of Popular Manhattan Outdoor Market
Posted on Monday December 30, 2024
An outdoor holiday market in New York City’s Bryant Park briefly caught fire last Friday morning, sending flames and plumes of smoke above the popular midtown Manhattan tourist draw as firefighters rushed to put out the blaze. No one was …
Union Bay Acquires Pennsylvania’s Loyalhanna Insurance Group
Posted on Monday December 30, 2024
Loyalhanna Insurance Group of Latrobe, Pennsylvania has been acquired by Union Bay Acquisition LLC, an aggregator of insurance agencies based in Lansdale, Pennsylvania. Terms were not disclosed. This acquisition is Union Bay’s sixteenth, and seventh in the state of Pennsylvania. …
Pacific Northwest Poll: Belief That Young Adults Can’t Afford Homes on The Rise
Posted on Monday December 30, 2024
Young adults across the Pacific Northwest have found homeownership to be increasingly out of reach as home prices across the nation rise, a poll by PEMCO Mutual Insurance shows. The poll shows that 81% of respondents agree that Gen Z …