INSURANCE NEWS
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, …
Fatal Boat Capsizing Claims Three Lives in Wisconsin’s Geneva Lake
Three people died and seven others were rescued Friday after a boat capsized in Geneva Lake as a strong storm passed through southern Wisconsin, an official said. Many injuries were reported in Wisconsin’s Walworth County after the storm toppled trees, …
People Moves: Shepherd Insurance Names Hill as CIO
Shepherd Insurance announced the appointment of Collin Hill as the company’s first-ever chief information officer (CIO), a new leadership role created to support Shepherd’s continued growth and commitment to operational excellence. Hill brings more than two decades of technology and …
Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels
SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale protection solutions more quickly across Europe, marking a significant step …