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New York Workers’ Comp Board to Require Video for All Testifying in Virtual Hearings
Beginning February 2, 2026, all claimants and lay witnesses testifying in virtual hearings before the New York State Workers’ Compensation Board will be required to appear and testify by video with their faces fully visible on screen, and not just …
POSTED DECEMBER 09, 2025 5:41 PM |
Strengthen Oklahoma Homes Grant Program Completes 100th Home
The Oklahoma Insurance Department (OID) announced the completion of the 100th home through its OKReady, Strengthen Oklahoma Homes (SOH) Program, a significant achievement in the state’s ongoing efforts to build stronger, safer, and more resilient communities and save homeowners money. …
POSTED DECEMBER 09, 2025 5:29 PM |
Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds
A Baltimore County jury has found Michael C. Okolo, of Parkville, Maryland, guilty of two counts of insurance fraud and one count of obstruction of justice. According to Maryland Attorney General Anthony G. Brown Okolo was found to have twice …
POSTED DECEMBER 09, 2025 5:09 PM |
Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge
Less than a year after President Donald Trump banned new wind projects, a federal judge ruled the president’s executive order was illegal. US District Judge Patti Saris said Monday the order is “arbitrary and capricious and contrary to law,” siding …
POSTED DECEMBER 09, 2025 4:47 PM |
People Moves: Chubb Overseas General Insurance Promotes Shead to Head of Property; QBE Taps AIG’s Smallridge as UK Casualty Portfolio Manager
This edition of International People Moves details appointments at Chubb and QBE. A summary of these new hires follows here. Chubb Promotes Shead to Head of Property, Overseas General Insurance Chubb announced that Aaron Shead has been appointed to executive …
POSTED DECEMBER 09, 2025 4:23 PM |
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch
Four surety companies—Chubb, The Hartford, Liberty Mutual and Travelers—announced the launch of a technology company that will feature a shared digital infrastructure to advance the surety industry. According to a brief media statement, the formation of SuretyBind, LLC, will initially …
POSTED DECEMBER 09, 2025 4:11 PM |
National Council of Insurance Legislators Adopts Louisiana Anti-Fraud Law as New Model
A Louisiana anti-fraud law will serve as the new national model for fighting insurance fraud. The National Council of Insurance Legislators (NCOIL) has adopted Louisiana‘s amended insurance fraud law as its new national benchmark, the Louisiana Department of Insurance said. …
POSTED DECEMBER 09, 2025 3:43 PM |
Owner of Historic Minnesota Resort Charged With Arson, Insurance Fraud
The owner of a historic Minnesota resort has been charged with arson and insurance fraud more than a year after a fire destroyed the property. Bryce Campbell, 41, of Two Harbors, Minnesota., was taken into custody last Wednesday in Southfield, …
POSTED DECEMBER 09, 2025 3:30 PM |
WalkerHughes Acquires Illinois’ Benhoff Insurance Agency
WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage, announced its expansion into Illinois with the acquisition of Benhoff Insurance Agency, well-established personal lines brokerage based in Breese, Illinois. Benhoff Insurance Agency, led by longtime owner Bruce Benhoff, has served …
POSTED DECEMBER 09, 2025 3:25 PM |
Aviva Seeks Partner for New City of London Skyscraper Project
Aviva Plc has kicked off the search for a partner to help fund a planned new skyscraper in the heart of the City of London’s insurance district, as it aims to tempt investors willing to make a bold bet that …
POSTED DECEMBER 09, 2025 3:20 PM |
Bankers Readying US IPOs at ‘Overwhelming’ Pace Ahead of 2026
Behind the scenes activity in the US IPO market is reaching a fever pitch, according to dealmakers, as companies lured by stock markets near record highs prepare to go public. The industry has been busy lining up underwriting mandates from …
POSTED DECEMBER 09, 2025 3:13 PM |
Europe Agrees to Drastic ESG Cuts After US Pressure Intensifies
The European Union reached a tentative deal to slash ESG requirements, as the bloc faces intensifying pressure from the US to rein in such rules amid ever-present trade tensions. In late-night talks, representatives of member states and the EU parliament …
POSTED DECEMBER 09, 2025 2:50 PM |
CSMV Underwriting Launches in Florida: Part Brokerage, Part Program Manager
After seeing some of the frustration that insurance agents run into, the head of a well-known south Florida agency has launched a hybrid vehicle – part brokerage and part program manager. CSMV Underwriting Managers, based in Tamarac, near Fort Lauderdale, …
POSTED DECEMBER 09, 2025 2:35 PM |
Archdiocese of New York Pledges $300M to Mediate Clergy Sex Abuse Claims
The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy sexual abuse. The …
POSTED DECEMBER 09, 2025 2:18 PM |
Japan Removes Tsunami Warnings After Powerful Quake in North
Japanese authorities ended all tsunami warnings after a powerful magnitude-7.5 quake struck off the coast of Aomori, in the northeast of the country, late on Monday. Waves as high as 70 cm (28 inches) were recorded in the region earlier, …
POSTED DECEMBER 09, 2025 1:44 PM |
Swiss Insurer Helvetia Baloise to Cut Up to 2,600 Jobs Following Merger
Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market cap of …
POSTED DECEMBER 09, 2025 1:30 PM |
Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs
As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignment with international regulatory standards highlights the trend toward enhanced oversight of …
POSTED DECEMBER 09, 2025 8:57 AM |
Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10
Insurance Journal’s Risky Future series will host the “AI Tools for Retail Agents” Demo Day, which offers free AI tool demonstrations designed exclusively for retail insurance agencies. The latest online event offers retail agents an opportunity to evaluate innovative and …
POSTED DECEMBER 09, 2025 7:45 AM |
One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk
A new report from Verisk has found that property insurance claims volume during the third quarter 2025 was the lowest it has been in the past five years but claims severity during the period was one of the highest in …
POSTED DECEMBER 09, 2025 6:16 AM |
JD Power: Full Digital Claims Process Drives High Customer Satisfaction
Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22% of the time. Customer satisfaction surges when the claims process is …
POSTED DECEMBER 09, 2025 6:05 AM |
Miami’s Housing Supply Shortage Hits Affordability, Codina Says
South Florida faces a growing affordability problem as housing demand outstrips supply, according to Ana-Marie Codina, whose family firm develops master-planned communities in the region. “We definitely need more supply,” Codina said in an interview at a Bloomberg New Voices …
POSTED DECEMBER 09, 2025 6:02 AM |
Verlan Files Subro Suit Against Georgia Chemical Plant After $20M Payout on Fire
About 5 a.m. on Sept. 29, 2024, an employee at the Bio-Lab chemical warehouse outside Atlanta heard a popping sound, a tell-tale sign that stored chemicals had come in contact with water and were reacting. Within 90 minutes, the huge …
POSTED DECEMBER 09, 2025 6:01 AM |
Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor
A contractor was fined $170,000 for workplace violations that resulted in a 3,000-pound excavator bucket falling on an employee in southwest Washington. The Rotschy Inc. construction company was hit with $170,000 in fines from the Washington State Department of Labor …
POSTED DECEMBER 09, 2025 6:00 AM |
Magnitude-7.0 Earthquake Hit Remote Area Along Alaska-Canada Border
A powerful, magnitude-7.0 earthquake struck in a remote area near the border between Alaska and the Canadian territory of Yukon on Saturday. There was no tsunami warning, and officials said there were no immediate reports of damage or injury. The …
POSTED DECEMBER 08, 2025 9:18 PM |
Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,” will begin underwriting …
POSTED DECEMBER 08, 2025 7:12 PM |
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