INSURANCE NEWS
India’s Ship Certifier Takes Tougher Stance on Sanctioned Tankers
India’s ship safety certifier is taking a tougher stance on vessels involved in evading international trade sanctions, by canceling the certification of more than 200 tankers and other ships since 2023, the head of the agency told Reuters. The Indian …
Judge Scraps Trump Policy Restricting Wind, Solar Tax Breaks
A U.S. judge vacated a Trump administration policy implemented last year that made it harder for wind and solar energy projects to claim federal tax subsidies, according to court documents. The decision is the latest legal blow to U.S. President …
USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout
When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among reasons for the payout. This week, USAA announced another forthcoming …
Rescue Efforts Underway as Philippine Quake Death Toll Hits 37
The death toll from the strongest earthquake to hit the Philippines in five decades has increased to 37, an official said, with rescue operations underway as families and businesses grapple with huge damage to properties. Office of Civil Defense Assistant …
PG&E Could Cut Power in 8 California Counties Due to Winds, Fire Danger
Pacific Gas and Electric Co. may cut power in parts of eight counties in California this week due to risks that its equipment could cause wildfires. The utility on Monday warned that some parts of Colusa, Glenn, Lake, Napa, Sonoma, …
Survey Highlights Growing Interconnected Risks, Protection Gaps
A new survey from the Insurance Information Institute (Triple-I) and Munich Re US shows overlapping exposures are shaping today’s risk landscape. Triple-I and Munich Re’s RiskScan 2026 examines evolving risk perceptions and interconnected exposures in the United States and United …
Register: Risky Future AI Tools for Retail Agents ‘Demo Day’ on June 10
Insurance Journal’s Risky Future series is hosting the “AI Tools for Retail Agents” Demo Day, a series of free AI tool demonstrations designed exclusively for retail insurance agencies, agency principals, sales leaders, operational teams and more. This event spotlights AI …
ANV Group Adds Another Workers’ Compensation Agency to Its Roster
A London-based global intermediary launched last December by AmTrust Financial and Blackstone Credit & Insurance has acquired its second workers’ compensation specialist in the U.S. ANV Group Holdings Ltd. announced it has completed the acquisition of Associated Specialty Insurance Agency …
Banks Face Extra £6B Cost if Motor Finance Compensation Plan Is Thrown Out: UK’s FCA
Lenders that mis-sold car finance would risk spending £6 billion ($8 billion) more if they reject the official compensation program and try to deal instead with individual complaints, the UK’s Financial Conduct Authority warned. Without the compensation scheme that was …
MMA Alleges Broker Patriot Poached 11 Surety Team Members
Marsh & McLennan Agency has filed suit against brokerage Patriot Growth Insurance Services and eight former members of a surety team over an alleged poaching scheme. Filed early June in U.S. District Court for the Southern District of New York …
Supreme Court Bolsters SEC’s Power to Recoup Illegal Gains
The US Supreme Court reinforced the Securities and Exchange Commission’s power to recover illegal profits in a case that centered on one of the agency’s most potent enforcement tools. The justices ruled unanimously Thursday that SEC doesn’t have to show …
New UK Referendum Would Flip Brexit Result of a Decade Ago, Poll Finds
A UK poll shows that a new Brexit referendum would reverse the vote that led to Britain’s departure from the European Union a decade ago. Fifty-two percent of Britons think the UK should rejoin the EU, according to an Ipsos …