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News Archives - Insurance Journal

Trump Extends Deadline for Striking Iran’s Energy Plants Into April
U.S. President Donald Trump said he would again extend the deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Tehran had earlier rejected a 15-point U.S. proposal to end the fighting …

POSTED MARCH 27, 2026 9:22 AM
Iran Built Vast Camera Network to Control Dissent. Israel Turned it Into Targeting Tool
The role of Israel’s hijacking of Iran’s street cameras in the killing of the country’s supreme leader underscores how surveillance systems are increasingly being targeted by adversaries in wartime. Hundreds of millions of cameras have been installed above shops, in …

POSTED MARCH 27, 2026 8:54 AM
US Warns on Bab El-Mandeb Strait After Iran Shipping Threat
The US warned that Iran-backed Houthi militants could start firing on vessels in the Bab El-Mandeb Strait after Tehran raised the possibility of extending barriers to global shipping during the ongoing war. The US Department of Transportation’s Maritime Administration issued …

POSTED MARCH 27, 2026 8:39 AM
Bessent Says Hormuz Ships Insurance Program to Start Soon
Treasury Secretary Scott Bessent said a US insurance program meant to boost shipping through the Strait of Hormuz will begin soon, a move that may help revive flows of much of the world’s oil and gas supplies. Bessent’s predictions, delivered …

POSTED MARCH 27, 2026 8:13 AM
Energy Fallout From Iran War Signals Global Wake-Up Call for Renewable Energy
The war in Iran is exposing the world’s reliance on fragile fossil fuel routes, lending urgency to calls for hastening the shift to renewable energy. Fighting has all but halted oil exports through the Strait of Hormuz, the narrow waterway …

POSTED MARCH 27, 2026 5:15 AM
Odey Allegedly Told Staffer He Could ‘Attack’ Her After Alcohol-Fueled Lunch
Ex-hedge fund boss Crispin Odey cornered a female receptionist after an alcohol-fueled lunch and told her “I could attack you now,” according to a diary entry by the staffer revealed at a London court on Tuesday. When she verbally resisted …

POSTED MARCH 27, 2026 5:10 AM
Depreciation on ACV is OK, Court Says in Knocking Down Class Action vs. Cincinnati
A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes that plan clear, a federal appeals court said in shooting down a proposed class-action lawsuit against Cincinnati Casualty Co. The …

POSTED MARCH 27, 2026 5:01 AM
RFK Allies Petition to Add More Than 300 Injuries to US Vaccine Injury Table
An anti-vaccine group aligned with U.S. Health Secretary Robert F. Kennedy Jr. is petitioning him to vastly broaden a federal list to include more than 300 injuries it says are linked to immunizations, and has threatened to sue if he …

POSTED MARCH 27, 2026 5:00 AM
Totalis Program Underwriters Acquires Home/Flood Insurance Specialist ShoreOne
Coastal-focused homeowners and flood insurance broker ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters, a New York specialty insurance platform that is part of NFP, an Aon company. Terms of the deal were not disclosed. However, BrightShore …

POSTED MARCH 27, 2026 5:00 AM
NCAA Asks Court to Stop DraftKings’ Use of ‘March Madness’ and Other Trademarks
The NCAA filed a complaint in federal court last week seeking an emergency restraining order to stop online sportsbook DraftKings from using registered trademarks associated with the NCAA men’s and women’s basketball tournaments. The complaint for trademark infringement was filed …

POSTED MARCH 27, 2026 5:00 AM
People Moves: Gray Joins Alliant’s Northwest Employee Benefits Team
Melody Gray joined Alliant Insurance Services as vice president within its employee benefits group. Gray is based in Portland, Oregon, and will design and deliver a range of employee benefits solutions to a client base throughout the Pacific Northwest and …

POSTED MARCH 27, 2026 5:00 AM
People Moves: RT Specialty Environmental & Construction Practice Elevates Four
RT Specialty’s Hamilton, New Jersey office, which is part of RT Specialty’s Environmental and Construction Professional (RT ECP) Practice, promoted four team members to new roles. Zack Kalet is advancing to consultant. Kalet joined RT ECP in April 2022 as …

POSTED MARCH 27, 2026 5:00 AM
Married Massachusetts Insurance Brokers Plead Guilty to Defrauding Clients of $750K
A married couple from New Bedford, Massachusetts pleaded guilty yesterday in federal court in Boston to a scheme to defraud insurance clients through their business, BL Insurance Brokerage, LLC. According to U.S. Attorney Leah B. Foley, Brendan and Lisa Lawler …

POSTED MARCH 27, 2026 5:00 AM
Maryland Top Court Tosses Baltimore and Annapolis Climate Change Lawsuits
The Supreme Court of Maryland has thrown out climate change lawsuits filed by Baltimore, Annapolis and Anne Arundel County against 26 fossil fuel companies, finding that the Clean Air Act along with U.S. Supreme Court rulings make it clear that …

POSTED MARCH 27, 2026 5:00 AM
Jewish Communities Boost Security Amid Rise in Hateful Incidents
Law enforcement officials on Tuesday said they are taking steps to monitor and counter threats to Jewish and Muslim communities nationwide since the onset of war in the Middle East, multiple hate crimes and an attempted terror attack prompted increased …

POSTED MARCH 27, 2026 5:00 AM
People Moves: Everest Appoints Busti From AXIS as Head of North America Treaty Re; AXA XL Taps Lockton’s Reynolds as Head of Marine, UK & Lloyd’s, Global CUO for Hull
This edition of International People Moves details appointments at Everest Group and AXA XL. A summary of these new hires follows here. Everest Appoints Busti From AXIS as Head of North America Treaty Reinsurance Everest Group Ltd., the Bermuda-based specialty …

POSTED MARCH 26, 2026 3:56 PM
Michigan Woman Pleads Guilty in Beauty Store Theft Ring
A Michigan woman pled guilty to organizing a high-volume theft ring targeting Ulta Beauty stores in Wayne, Oakland, and Macomb counties, announced Michigan Attorney General Dana Nessel. Cheaira Broughton, 38, of Detroit, was charged by the Department of Attorney General …

POSTED MARCH 26, 2026 3:51 PM
Texas Man Gets Life After Investigation Finds Arson Used to Cover Murder
A Texas State Fire Marshal’s Office (SFMO) investigation helped lead to a lifetime prison sentence for a Panhandle man who set a house fire to cover up the murder of a 4-year-old girl. Humberto Martinez pleaded guilty to capital murder …

POSTED MARCH 26, 2026 3:47 PM
AM Best Revises Outlooks to Stable for Members of Western Reserve Group
AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) for the following pooled members of Western Reserve Group: Western Reserve Mutual Casualty …

POSTED MARCH 26, 2026 3:30 PM
Risk Theory Launches Dealer Transit Service to Address Vehicle Theft
Risk Theory, a Dallas, Texas-based platform of insurance distribution businesses, announced the launch of Dealer Transit, a new logistics solution designed to help dealerships mitigate the growing risk of vehicle theft during transit. The program is backed by Risk Point, …

POSTED MARCH 26, 2026 3:24 PM
People Moves: Society of Actuaries Names Rosso CEO
The Society of Actuaries (SOA), the world’s largest actuarial professional organization, named Clar Rosso as the new CEO, effective May 4. Rosso assumes the role from Greg Heidrich, who is retiring after serving as CEO since 2007. Rosso recently served …

POSTED MARCH 26, 2026 3:13 PM
Fidelity Beats Lawsuit Over Fees in $439 Billion Money Market Fund
A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were eligible for. U.S. District …

POSTED MARCH 26, 2026 3:12 PM
Marsh Risk Secures Insurance for Construction of Nuclear Power Plant in Wyoming
Marsh Risk said it has secured comprehensive insurance coverage for TerraPower’s Kemmerer Unit 1 in Kemmerer, Wyoming, considered the nation’s first commercial-scale, advanced nuclear power plant approved for construction by the Nuclear Regulatory Commission. According to Marsh, the placement is …

POSTED MARCH 26, 2026 2:17 PM
Report Shows How Guns Move From Southern Stores to Northern Crime Scenes
A shooting in Boston. A carjacking in Washington, D.C. A robbery in New York. All were carried out with guns that were among hundreds bought in the South and trafficked north to cities with some of the nation’s strictest firearms …

POSTED MARCH 26, 2026 1:23 PM
Georgia Could Become First State With Weapons Detection in All Public Schools
Georgia could become the first state to require every student to be checked for weapons when arriving at a public school each day. A bill is nearing passage that would require weapons detection systems in a further reaction to a …

POSTED MARCH 26, 2026 12:56 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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