INSURANCE NEWS
Massachusetts High Court: Regulator Must Explain 14.6% Workers’ Comp Rate Cut
“As our high school mathematics teachers reminded us: you need to show your work. That is true for the commissioner’s calculations as well.” With that admonition, the Massachusetts Supreme Judicial Court criticized and returned the 2024 and 2025 workers’ compensation …
Louisiana Order Suspends Insurance Cancellations After Tropical Storm Arthur
Louisiana Insurance Commissioner Tim Temple has issued an emergency rule suspending insurance cancellations and non-renewals in certain parishes as the state recovers from Tropical Storm Arthur. Emergency Rule 50 states that insurers refrain from issuing any notice of cancellation, notice …
Farmers to Pay $2.8M to Settle TPCA Class Action Lawsuit
Farmers Insurance has agreed to pay $2.87 million to settle a class action lawsuit alleging a Texas insurance agent sent unsolicited calls and texts in violation of the federal Telephone Consumer Protection Act. The class action alleges that Todd Henderson …
Missouri Officials Advise Drivers on How to Prevent Auto Theft
July is Vehicle Theft Prevention Month, and Missouri Department of Commerce and Insurance (DCI) is using this month to inform drivers of ways to protect their vehicles from theft. In 2025, there were approximately 660,000 vehicle thefts reported in the …
Financial Services’ AI Dangers Highlighted by Regulator’s Review
Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In a review commissioned by the Financial Conduct Authority and published on …
Flood Risk Doesn’t Matter as Bargain Houses Tempt NZ Buyers
New Zealand’s flood-prone homes are outperforming the rest of the country’s moribund housing market, as buyers chase lower prices and shrug off climate risks. Properties facing the highest flood risk have gained 26.1% in value since January 2020, compared with …
Register: Risky Future AI Tools for Underwriting ‘Demo Day’ on July 8
Insurance Journal’s Risky Future series is hosting the “AI Tools for Underwriting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program Leaders, and of course, Underwriters and Claims professionals. This event spotlights AI …
Microsoft Joins AI-Driven Tech Layoff Wave With 4,800 Job Cuts
Microsoft is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business. Big …
Trump Ramps Up War on Regulations With 702 Cuts in Pipeline
The Trump administration is stepping up its efforts to cut red tape across the federal government, releasing a regulatory plan that would eliminate 702 existing administrative rules. The reductions published on Friday set a record for the number of deregulatory …
New Autopsy of Baby Killed by Police in Mississippi Deepens Outrage
A Mississippi family whose 1-year-old child was killed when police fired into a moving car offered evidence Wednesday that they say challenges the officers’ account of being in danger when one opened fire. A preliminary autopsy requested by the family …
Marshall+Sterling Sets Up New Regional Office in Fort Lauderdale
Marshall+Sterling, the large, New York-headquartered insurance brokerage, has expanded its south Florida operations with a new office in Fort Lauderdale, the company announced. The firm, now with 22 locales around the country, already has an office in Wellington, Florida, near …
Iowa Insurance Agent Charged With Identity Theft, Fraud
A Walcott, Iowa insurance agent has been charged with over 20 felonies for allegedly opening insurance policies under the names of family who had no knowledge that the polices were taken out, the Iowa Insurance Division announced. Stanly Blythe, 61, …