INSURANCE NEWS
Top Japanese Firms Scrap Employment System That Held Women Back
Japan’s biggest financial firms are abolishing decades-old practices that kept women off the corporate ladder. Nippon Life Insurance Co., Japan’s largest insurer, and MUFG Bank Ltd., a unit of the nation’s biggest banking group, are among firms that in recent …
Safeguarding the Marine Transportation System: New Cybersecurity Rules for the Maritime Industry
The maritime industry is grappling with an escalating wave of cybersecurity threats as it increasingly relies on interconnected digital systems. Recognizing the critical need to address these vulnerabilities, the U.S. Coast Guard issued a final rule aimed at fortifying the …
Pet Insurance, Agents Gets a Shorter Leash Under Bill DeSantis Signed Into Law
Pet insurance is considered property insurance, and pet coverage and pet wellness programs will soon face new regulations and disclosure requirements under a bill signed into law by Florida Gov. Ron DeSantis. House Bill 655, approved with no opposition in …
Everglades Restoration Aims to Protect Florida Keys, Water, State Economy
ISLAMORADA, Fla. (AP) — The Everglades is more than just swamps, fan boats and alligators — and restoration efforts impact more than the land between Florida’s east and west coasts. Florida Bay, a body of water located between the southern …
WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations
The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab said he was …
Report: California’s New Vehicle Market Outlook Clouded by Tariffs
New vehicle registrations in California rose 8.3% in the first quarter of 2025 compared with the same period a year earlier, putting the state above a nationwide 4.6% increase in a buying surge that may have been driven by consumers …
Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves
U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump’s administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal development. The preparations will pose …
British Food and Clothing Group M&S Discloses Cyber Incident
Britain’s Marks & Spencer MKS.L said on Tuesday it has been managing a cyber incident over the past few days, and had made some temporary changes to its store operations. The more than 140-year-old clothing and food company said it …
Wildfire Losses Drops Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter …
IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace
Worldwide economic output will slow in the months ahead as U.S. President Donald Trump’s steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeking deals with …
UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers
United Kingdom’s Admiral Group has agreed to sell its U.S. auto insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration representing approximately the net asset …
Inszone Acquires Missouri’s Davidson Insurance Agency
Inszone Insurance Services announced its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a reputation for personalized and comprehensive insurance …