INSURANCE NEWS
‘World’s Largest Truck Stop’ Fined $390K by EPA
Two truck stops in Iowa and Missouri – Iowa 80, advertised as “the world’s largest truck stop,” and Joplin 44 – agreed to pay a combined $390,784 to resolve alleged violations of the federal Clean Water Act. According to the …
Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows
Florida condominium sales last year reached their lowest point in almost a decade, according to a Florida Realtors report. It’s another measure of the financial crisis that has gripped condo owners and associations in the state since the deadly collapse …
Trump Asserts Federal Government Power Over California Water
President Donald Trump is asserting more federal government control over water management decisions in California and ordering U.S. officials to override local authorities, casting the steps as necessary to boost the state’s firefighting capabilities. The actions — enshrined in an …
2025 Agency Salary Survey: Deadline Approaching
It’s the final days to take this year’s Agency Salary Survey. All respondents will receive a copy of the report in Insurance Journal magazine. ALL retail agency owners, principals, producers, CSRs — the entire agency — should participate and be …
Not a Bear But a Fake Deer-Collision Claim Results in South Carolina Fraud Charges
First it was the fake bear insurance fraud that made headlines around the country. Now, it’s a fake deer that has landed a South Carolina woman in jail after authorities said she provided false information to a Progressive Insurance company. …
Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution
DUAL Europe announced the launch of DUAL Cyber Active Protect, a new product that combines comprehensive cyber insurance with proactive cyber prevention services. It also has launched a new entity – DUAL Cyber Prevention and Response (DUAL CPR) – which …
APCIA: Insurance Markets Work Best Without Excessive Price Regulation
The American Property Casualty Insurance Association (APCIA) recently released a report that concludes over-regulation impedes insurance markets “Insurance markets function best when allowed to operate competitively, free from excessive price regulation,” said Robert Gordon, APCIA’s senior vice president, policy, research …
AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses
American International Group (AIG) said it is organizing into three segments and Jon Hancock will lead two of them. Hancock will continue to lead AIG’s international commercial business and will also take on leadership of the newly formed global personal …
Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources
The crew of the Hong Kong-flagged ASL Bauhinia have abandoned the container ship in the Red Sea after it caught fire on Tuesday, two maritime sources said, adding the cause of the incident was not immediately clear. The crew were …
Everest Group Boosts Casualty Losses Reserves $1.7B
Everest Group preannounced full-year 2024 earnings yesterday, disclosing about a 45% drop in net income attributable to a $1.7 billion boost in its casualty insurance reserves. The company, which writes more than twice as much reinsurance premium as insurance premium, …
Storm Triggers Worst Floods in 40 Years in Northwest France
Storm Herminia triggered the worst flooding in four decades in parts of northwest France and created dangerous avalanche conditions in the Alps. In Brittany, hundreds of people were evacuated from their homes in the department of Ile-et-Vilaine, including the city …
Fuji Media, Rocked by Sexual Misconduct Allegations, Says Executives to Resign
Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately amidst a probe into alleged sexual misconduct by a celebrity TV host. The scandal, which has led to an exodus of …