News Center
News Archives - Insurance Journal
UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk
The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain’s main association of actuaries. The Institute and Faculty of Actuaries, which conducted its study together with …
POSTED JANUARY 14, 2026 10:58 AM |
Warburg Mulls $1 Billion Sale of London Insurance Broker McGill
Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter. The private equity firm has held early talks with potential advisers to explore options for London-based McGill, the people …
POSTED JANUARY 14, 2026 10:34 AM |
Markets/Coverages: Aon Expands Data Center Lifecycle Insurance Program to $2.5B
Aon said it has expanded the capacity available in it Data Center Lifecycle Insurance Program from $1 billion to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastructure and increasing complexity of …
POSTED JANUARY 14, 2026 8:01 AM |
India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO
Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a …
POSTED JANUARY 14, 2026 6:15 AM |
EPA Aims to Speed Permitting for Energy, AI Infrastructure With Rule Change
The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure. The proposed rule concerns the 2023 finalization by the administration …
POSTED JANUARY 14, 2026 6:10 AM |
Fleets Must Stay on Top of Changes in Risk Location, Volume, and Driving Behavior to Reduce Crashes
While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable freight patterns, shifting driving hazards inland. Utilizing commercial drivers’ dashcam data in the U.S., Mexico, …
POSTED JANUARY 14, 2026 6:09 AM |
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers’ damage estimates on claims. They’re calling it “CarFax for property insurance claims,” referring …
POSTED JANUARY 14, 2026 6:01 AM |
Viewpoint: What The Return of California’s ‘Death Discount’ Means for Litigation
In California, historically, when a plaintiff filed a personal injury action relating to their own injuries and then died mid-litigation and the case was converted to a wrongful death action, the value of the case was viewed as substantially diminished. …
POSTED JANUARY 14, 2026 6:00 AM |
How Colorado Sparked a Global Push for Salary Transparency
Colorado cracked open the culture of secrecy around salaries when it started forcing employers to include pay ranges in job postings. It also sparked an international trend. Since the state’s rule took effect in 2021, about a dozen other states …
POSTED JANUARY 14, 2026 6:00 AM |
People Moves: Ames & Gough Appoints Marchetti as President; Gough Becomes CEO
Ames & Gough, headquartered in Washington, D.C., appointed Thomas Marchetti as president and Matthew Gough as CEO. Marchetti is responsible for the firm’s day-to-day operations, including sales, marketing, client service, accounting, HR, technology and market relations. He will continue to …
POSTED JANUARY 14, 2026 6:00 AM |
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud
New York Governor Kathy Hochul announced an agenda aimed at making New York more affordable that includes fighting auto insurance fraud and mandating property insurance discounts for mitigation efforts. In her 2026 State of the State address, Hochul vowed to …
POSTED JANUARY 14, 2026 6:00 AM |
Marshall+Sterling Acquires New York’s Sidle Insurance
New York-based national insurance agency Marshall+Sterling announced it has acquired Sidle Insurance, an independent insurance agency based in Montour Falls, New York. Serving individuals, families, and businesses in the Finger Lakes region, Sidle Insurance will operate as Sidle Insurance, a …
POSTED JANUARY 14, 2026 6:00 AM |
Oklahoma Homeowners Can Apply for Up to $10K Grants for Fortified Roofs
Oklahoma homeowners can now apply for grants of up to $10,000 to upgrade to storm-resistant Fortified roofs. The Oklahoma Insurance Department opened statewide applications for its Strengthen Oklahoma Homes (SOH) Grant Program on Monday, Jan. 12. The statewide expansion follows …
POSTED JANUARY 13, 2026 5:06 PM |
Business Moves: United Risk to Acquire DUAL Crisis Management Program, Team
Managing general agency United Risk said it has an agreement to buy DUAL North America’s crisis management program, with its underwriting and claims teams. The unit will be renamed First Product Protection, serving as an independent division of New York-based …
POSTED JANUARY 13, 2026 4:39 PM |
People Moves: Packer Named to MD Board; Parkhurst New TDCI General Counsel
With litigation and regulation still a major part of the property-casualty insurance business, a national law firm and a state regulator have named attorneys to leadership roles. Marshall Dennehey, with offices in seven Eastern U.S. states, announced that Florida-based insurance …
POSTED JANUARY 13, 2026 4:37 PM |
Railroads and Their Regulators Thwart Safety Fixes, Analysis Finds
Human errors and track defects caused more than 3,000 rail accidents over the last decade, killing 23 people and injuring nearly 1,200. Yet federal railroad regulators failed to implement most of the safety recommendations that emerged from accident investigations. That’s …
POSTED JANUARY 13, 2026 4:37 PM |
Markets/Coverages: ATA Launches $750M Insurance Facility for AI Infrastructure Boom
Advanced Technology Assurance Ltd. (ATA), the London-based managing general underwriter, has launched a $750 million insurance facility to underwrite the projected $7 trillion global AI infrastructure boom. The ATA Global Data Center & AI Infrastructure Insurance facility launches with backing …
POSTED JANUARY 13, 2026 4:21 PM |
Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit
A federal judge has ordered coal companies owned by the family of U.S. Sen. Jim Justice to cough up more than $1 million in unpaid workers’ compensation premiums owed to a Liberty Mutual company—five years after an audit showed the …
POSTED JANUARY 13, 2026 4:00 PM |
Markets/Coverages: FM Bumps Up Limits for Data Centers to $5B
Commercial property insurer FM announced a significant increase in capacity to support its global FM Intellium clients and the data and power generation ecosystem. FM can now provide up to $5 billion in capacity for the growing data-center industry. FM …
POSTED JANUARY 13, 2026 3:53 PM |
Iowa Landlord to Pay $325K Settlement in Sexual Harassment Lawsuit
The Justice Department announced that the owner and property manager of residential rental properties in Davenport, Iowa, have agreed to pay $325,000 to resolve a lawsuit alleging that the property manager sexually harassed female tenants in violation of the Fair …
POSTED JANUARY 13, 2026 3:50 PM |
Iowa Woman Charged With Insurance Fraud
Cristal Gale Kastantin, of Wheatland, Iowa, was arrested on January 3, 2026, on outstanding arrest warrants for committing insurance fraud, the Iowa Insurance Division announced. Kastantin was charged with one count of Ongoing Criminal Conduct (Class B Felony), one count …
POSTED JANUARY 13, 2026 3:45 PM |
California Wants to Mix Hydrogen With Gas to Cut Pollution. Critics Say That Poses Risks
Alma Figueroa began to worry when she learned that her gas provider wanted to test a controversial solution to curb global warming: blend hydrogen with natural gas to power her stove and other appliances. Figueroa, who has asthma and recently …
POSTED JANUARY 13, 2026 2:39 PM |
APCIA Backs Federal Bill to Require Litigation Funding Disclosure
The American Property Casualty Insurance Association (APCIA) has released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency of third-party financers in litigation. The Protecting Third Party Litigation Funding From …
POSTED JANUARY 13, 2026 1:51 PM |
People Moves: Chaucer Taps Carpenter’s Loh as CEO Singapore; Price Forbes Singapore Names Carpenter’s Heath as Head of Reinsurance and Wholesale
This edition of International People Moves details appointments at Chaucer Group and Price Forbes Singapore. A summary of these new hires follows here. Chaucer Taps Carpenter’s Loh as CEO Singapore, AXA XL’s Bryan to Lead Reinsurance APAC Chaucer Group, the …
POSTED JANUARY 13, 2026 10:10 AM |
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS
A service door that might have offered a second escape route at the Swiss bar where a deadly fire claimed 40 lives on New Year’s Eve was locked at the time of the incident, one of the managers told Swiss …
POSTED JANUARY 13, 2026 9:38 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Kelstar Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|