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News Archives - Insurance Journal

Vermont Christian School Challenges State’s Education Funding as Discriminatory
The Mid Vermont Christian School is challenging Vermont’s education reform law in federal court, arguing that the law’s set of provisions around public tuition dollars “creates a religious gerrymander and discriminates against religious approved independent schools in Vermont.” The school’s …

POSTED NOVEMBER 10, 2025 3:09 PM
Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man
Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, …

POSTED NOVEMBER 10, 2025 2:38 PM
GoDaddy Hit With $170M Patent Verdict Over Web-Design Tech
Internet domain registrar GoDaddy GDDY.N owes a patent owner $170 million for violating its rights in website-building technology, a Delaware federal jury said in a verdict made public on Friday. The jury agreed with Express Mobile that GoDaddy’s web-design tools …

POSTED NOVEMBER 10, 2025 2:19 PM
Four Indicted for Roles in New Jersey Home Invasion, Auto Theft Ring
New Jersey Attorney General Matthew J. Platkin and the Division of Criminal Justice (DCJ) reported that four men were charged in a 61-count indictment for their respective roles in an auto theft and home invasion ring. The charges include home …

POSTED NOVEMBER 10, 2025 1:24 PM
New Zealand Firefighters Say Tongariro Wildfire Is Coming Under Control
A wildfire that swept across thousands of hectares of New Zealand’s Tongariro National Park appears to be coming under control, officials said. Residents are being allowed back into the area following an earlier evacuation. Rain and the efforts of firefighters …

POSTED NOVEMBER 10, 2025 11:34 AM
Typhoon Set to Swing Toward Taiwan After Ripping Philippines
Typhoon Fung-Wong is forecast to swing toward Taiwan after the powerful storm struck the Philippines’ northeast late on Sunday, causing widespread flooding and the suspension of government operations. The cyclone — known locally as Uwan — has now moved over …

POSTED NOVEMBER 10, 2025 11:02 AM
Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed …

POSTED NOVEMBER 10, 2025 9:16 AM
Texas Sues Roblox Over Alleged Exposure of Children to Sexually Explicit Content
Texas Attorney General Ken Paxton is suing the online gaming platform Roblox for allegedly exposing children to sexually explicit content and exploitation, the latest in a flurry of lawsuits from his office aimed at big business. Texas is the third …

POSTED NOVEMBER 10, 2025 8:30 AM
Snow Set to Wallop Chicago as Cold Blast Aims for East Coast
Heavy snow will drop on Chicago late Sunday into Monday’s commute, further snarling air travel already disrupted by the US government shutdown and ushering in a cold blast that will bring near-freezing temperatures to New York City and as deep …

POSTED NOVEMBER 10, 2025 8:00 AM
Bipartisan Legislation Introduced to Retroactively Restore NFIP
Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell, R-Miss. introduced H.R. 5848, …

POSTED NOVEMBER 10, 2025 8:00 AM
Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds
The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’ Compensation …

POSTED NOVEMBER 10, 2025 8:00 AM
Flight Delays, Cancellations Accelerate as Air Traffic Controller Shortages Surge
Airlines canceled more than 2,200 U.S. flights on Sunday and Transportation Secretary Sean Duffy warned air travel will fall to a “trickle” in the run-up to the Thanksgiving holiday as air traffic control staffing shortages surge. Major airlines were dealing …

POSTED NOVEMBER 10, 2025 7:37 AM
US Justice Department Probes Meatpackers, Attorney General Says
President Donald Trump on Friday accused meatpacking companies of driving up U.S. beef prices, which have hit records, through manipulation and collusion, and ordered the Justice Department to investigate. Attorney General Pam Bondi said in an X post the probe …

POSTED NOVEMBER 10, 2025 6:23 AM
Update: EU Warship Secures Tanker Crew Following Somali Pirate Attack
An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years …

POSTED NOVEMBER 10, 2025 6:15 AM
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth
Analysts’ projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this week. Both Progressive and GEICO reported higher personal auto combined …

POSTED NOVEMBER 10, 2025 6:13 AM
Fire Destroys Miami Heat Coach’s $6.5M Home in Coral Gables
Fire destroyed Miami Heat coach Erik Spoelstra’s home last week, with officials saying more than 20 units were dispatched in what became a frantic, futile effort to save the property. Nobody was in the home when the fire broke out, …

POSTED NOVEMBER 10, 2025 6:02 AM
As in Florida, Georgia Saw Big Jump in Lawsuits Ahead of Major Litigation Limits
Florida insurers will no doubt remember the time more than two years ago when one of the largest plaintiffs’ law firms in the state gave notice that it was planning to file tens of thousands of claims lawsuits ahead of …

POSTED NOVEMBER 10, 2025 6:02 AM
Risky Future AI Tools for MGAs ‘Demo Day’ on Nov. 12
Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demos give viewers a rapid-fire experience of AI technology tools designed exclusively for managing general agencies. The latest online event …

POSTED NOVEMBER 10, 2025 6:01 AM
Missouri DCI Tells Insurers to Halt Condo Policy Cancellations
The Missouri Department of Commerce and Insurance (DCI) sent a bulletin telling insurers that they should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this year. DCI sent out the addendum on …

POSTED NOVEMBER 10, 2025 6:00 AM
Cornell Strikes Deal With White House to Restore Funding
Cornell University said it reached an agreement with the White House to restore about $250 million in federal funding, becoming the latest elite school to negotiate relief in response to the Trump administration’s campaign to remake higher education. The Ithaca, …

POSTED NOVEMBER 10, 2025 6:00 AM
Onex CEO Sees Potential for More Insurance Deals After AIG Win
Onex Corp.’s top executive says the alternative asset manager is open to making further large bets on insurance companies following its move to team up with American International Group Inc. on a major deal. Toronto-based Onex and AIG agreed last …

POSTED NOVEMBER 10, 2025 6:00 AM
California Gets $3.2M Settlement From Software Company for Breached Student Data
California Attorney General Rob Bonta announced that California secured a $3.25 million settlement with a software maker for failing to protect students’ data. The settlement also involves two other states, amounting to a total of $5.1 million and injunctive terms …

POSTED NOVEMBER 10, 2025 6:00 AM
Jamaica Catastrophe Bond Headed for Full Payout After Hurricane, World Bank Says
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide …

POSTED NOVEMBER 07, 2025 4:34 PM
People Moves: MMA Appoints Balentine as President of National Business Insurance
Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the …

POSTED NOVEMBER 07, 2025 4:34 PM
Markets/Coverages: Fidelis Launches Construction Consortium to Cover AI Data Centers
The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could rapidly represent billions in …

POSTED NOVEMBER 07, 2025 4:23 PM

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.

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