Insurance news

• Munich Re Issues First Quarter Profit Warning on Lower Equity Investments

  27-04-2016 13:03 via insurancejournal.com
  
  Munich Re, the world’s second-biggest reinsurer, fell the most since August 2013 after saying first-quarter profit will be lower than it previously expected. Earnings for the quarter will also be lower than a year earlier after market turmoil caused the …
  
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• New York Sues Polymarket, Says It Ran Illegal Gambling Operation

  24-09-2026 20:00 via insurancejournal.com
  
  New York’s attorney general sued Polymarket on Thursday, escalating her battle against prediction markets, an industry that she says violates state laws against illegal gambling. Attorney General Letitia James filed her petition nearly two months after bringing a similar case …
  
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• Texas Woman Pleads Guilty to Setting House on Fire

  24-09-2026 18:52 via insurancejournal.com
  
  A Wharton County, Texas woman pleaded guilty to setting a house fire in July and was sentenced to 10 years deferred adjudication, the Texas State Fire Marshall Office announced. The Wharton County Sheriff’s Office arrested Rylie Bean in February at …
  
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• Louisiana Fortified Homes Program Receives $20M Investment

  24-09-2026 18:45 via insurancejournal.com
  
  Louisiana Governor Jeff Landry announced this week that Louisiana is investing an additional $20 million in Fortified homes, bringing the total amount invested in state Fortified projects this year to $100 million. Landry announced that $20 million from the U.S. …
  
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• Florida Widower Sues Publix, Says Recalled Blueberries Caused Wife’s Death in June

  24-09-2026 18:42 via insurancejournal.com
  
  A south Florida woman died after eating frozen blueberries that were later the subject of a recall, the woman’s husband alleges in a lawsuit naming Publix supermarkets and a food distributor. Richard Mullins, of Largo, near St. Petersburg, and his …
  
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• AM Best Revises Outlook to Positive for Iowa’s FMH

  24-09-2026 18:38 via insurancejournal.com
  
  AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Farmers Mutual Hail Insurance Company of Iowa and its reinsured affiliate, …
  
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• Ohio Medical Facility Sued for Religious Discrimination

  24-09-2026 18:16 via insurancejournal.com
  
  The U.S. Equal Employment Opportunity Commission alleges in a lawsuit that an Ohio medical facility violated federal law by subjecting a Jewish orthopedic surgeon to unfavorable terms and conditions of employment and firing him because of his religion and race. …
  
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• Singapore Court Strips Control of Radiant World From Founder

  24-09-2026 18:14 via insurancejournal.com
  
  A Singapore court appointed KPMG restructuring executives to take charge of Radiant World on Thursday, granting an application by creditor Mizuho Bank Ltd., which has accused the trader of alleged fraud linked to iron ore receivables. The decision removes Radiant …
  
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• TN Funeral Director, North Carolina Man Charged in Insurance Fraud Investigations

  24-09-2026 17:47 via insurancejournal.com
  
  A grand jury in Tennessee this week indicted a funeral home owner on insurance fraud, theft, elderly exploitation and abuse-of-a-corpse charges after a months-long probe by the Tennessee Bureau of Investigation. Chadrick Mundy, 37, was booked into jail in Fentress …
  
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• Hellman & Friedman Explores Sale of Applied Systems at Up to $10B, Sources Say

  24-09-2026 16:02 via insurancejournal.com
  
  Private equity firm Hellman & Friedman is exploring a sale of insurance software provider Applied Systems that could value the company at up to $10 billion, according to people familiar with the matter. The private equity firm is working with …
  
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• Hurricane Watch Posted on Hawaii’s Big Island as Nolo Approaches

  24-09-2026 15:53 via insurancejournal.com
  
  A hurricane watch has been issued for Hawaii’s Big Island as Tropical Storm Nolo strengthens south of the island chain. Nolo, with top winds of 40 miles (64 kilometers) per hour was 500 miles south of Honolulu and on a …
  
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• Online Insurance Marketplace Insurify Blocks Meta’s Personal AI Agent Muse

  24-09-2026 15:43 via insurancejournal.com
  
  Early this year, Insurify caused a stir when it began what was thought to be the first insurance app with ChatGPT’s Open AI. In fact, the news momentarily shook the S&P 500 Insurance index. On Sept. 23, the online insurance …
  
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• People Moves: Taylor Returns to Plymouth Rock Assurance as President and CEO

  24-09-2026 15:42 via insurancejournal.com
  
  Boston-based Plymouth Rock Assurance Corp. named Chris Taylor as president and chief executive officer. He will lead Plymouth Rock’s Independent Agency Group, effective October 12. Taylor brings personal lines leadership experience to the role, most recently as vice president and …
  
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• This Week’s Northeast Disruption Puts Spotlight on Aging Air Traffic System

  24-09-2026 14:46 via insurancejournal.com
  
  Communications failures that snarled hundreds of flights across the Northeast on Monday have put the spotlight back on the aging systems that air traffic controllers rely on in the U.S. Congress already handed the Federal Aviation Administration $12.5 billion last …
  
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• New Zealand Says China Is its Most Persistent State-Backed Cyber Threat

  24-09-2026 14:23 via insurancejournal.com
  
  New Zealand’s cyber security agency said China was the country’s most persistent and capable state-backed cyber threat, as foreign actors targeted government agencies and organizations in sectors including health, education and information technology. The National Cyber Security Centre (NCSC), part …
  
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• Northeast Expecting Torrential Rains, Flood Risk as Coastal Storm Builds

  24-09-2026 14:00 via insurancejournal.com
  
  A powerful coastal storm is building off the Northeast, threatening to bring torrential rain across parts of eastern Massachusetts and raising flood risks to New York City, New Jersey and Washington, DC into the weekend. The Nor’easter system is forecast …
  
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• Grid Operator E.ON Warns of Growing Risk of Attacks on Energy Infrastructure

  24-09-2026 13:28 via insurancejournal.com
  
  Companies must prepare for successful attacks on critical power infrastructure as both physical and cyber threats continue to increase, the CEO of E.ON, Europe’s largest operator of energy grids, said on Thursday. “Attacks on our grids are increasing significantly,” Leonhard …
  
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• Indian Insurance and Bank Stocks Tumble on Fee Cap Proposal

  24-09-2026 12:48 via insurancejournal.com
  
  PB Fintech Ltd. led a slide in shares of Indian insurance companies, distributors and lenders on Thursday, after the country’s insurance regulator proposed caps on commissions and tighter management expenses. PB Fintech plunged by a record 30%, its worst day …
  
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• Indian Insurance and Bank Stocks Erase $14 Billion on Fee Cap Plan

  24-09-2026 12:48 via insurancejournal.com
  
  PB Fintech Ltd. led a slide in shares of Indian insurers, distributors and lenders on Thursday, after the insurance regulator proposed caps on commissions and tighter management expenses. Temasek-backed platform operator PB Fintech sank a record 36%, the biggest slide …
  
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• OpenAI Agent Hacked Australian Government Health Website

  24-09-2026 12:18 via insurancejournal.com
  
  An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by artificial intelligence on a government database. The AI system gained unauthorized access to files on a website for reporting healthcare statistics, …
  
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• Tesla’s Automated Driving System Often Misreads Speed Limits: Belgian Safety Group

  24-09-2026 11:05 via insurancejournal.com
  
  Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …
  
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• UN Chief Calls for AI Pact to Prevent Rise of Killer Robots

  24-09-2026 10:27 via insurancejournal.com
  
  The secretary general of the United Nations stepped up his calls for regulation of AI to avert a dystopian future of rampant corporate power and killer robots. Antonio Guterres used his final address to world leaders at the UN General …
  
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• Markets/Coverages: CFC Begins Affirmative AI for Intellectual Property; CRC Specialty Launches Insurisk Cyber

  24-09-2026 09:02 via insurancejournal.com
  
  CFC announced the launch of affirmative AI coverage within its intellectual property policy. AI is transforming how businesses create, develop and commercialize intellectual property. However, the legal framework governing the relationship between AI and IP remains fragmented and continues to …
  
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• People Moves: Huntington T. Block Appoints Schaffer Senior VP of Fine Art; Zern to Oversee Howden US Health and Benefits

  24-09-2026 08:00 via insurancejournal.com
  
  Huntington T. Block Appoints Schaffer as Senior VP of Fine Art Insurance Huntington T. Block Insurance Agency Inc., the oldest and largest insurance broker dedicated to fine art and musical instrument insurance in the U.S. and a subsidiary of Aon …
  
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• Ex-Google Safety Chief Warns AI Could Harm Children More Than Social Media

  24-09-2026 07:22 via insurancejournal.com
  
  The founder of the trust and safety team at Alphabet’s Google this week called for a slowdown in AI development, warning that the tech industry was repeating the same mistakes from the social media era, potentially causing even greater harm …
  
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• Independent Agencies Total About 37,000 in 2026, a Decrease from 2024

  24-09-2026 07:15 via insurancejournal.com
  
  The number of independent insurance agencies fell slightly from 39,000 in 2024 to 37,000 in 2026. Good news is that most independent agencies reported profitability across both personal and commercial lines, with significantly fewer agencies reporting revenue decreases compared to …
  
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• Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns

  24-09-2026 07:02 via insurancejournal.com
  
  The push for a clearinghouse for Citizens Property Insurance commercial policies appears to have hit a snag with little time to spare before a January deadline mandated by Florida statute. “I looked at the numbers and the numbers make no …
  
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• People Moves: Alliant Insurance Services Adds Esarey to Los Angeles Employee Benefits Team

  24-09-2026 07:00 via insurancejournal.com
  
  Barrett Esarey joined Alliant Insurance Services as vice president within its employee benefits group. Based in Los Angeles, California, Esarey serves a national client base, helping employers develop strategic benefits programs that address evolving workforce needs and support long-term business …
  
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• People Moves: Alliant Insurance Services Adds Esarey to LA Employee Benefits Team

  24-09-2026 07:00 via insurancejournal.com
  
  Barrett Esarey joined Alliant Insurance Services as vice president within its employee benefits group. Based in Los Angeles, California, Esarey serves a national client base, helping employers develop strategic benefits programs that address evolving workforce needs and support long-term business …
  
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• Corgi Insurance in California Expands Trucking Program to Cover Tow Trucks

  24-09-2026 07:00 via insurancejournal.com
  
  San Francisco-based Corgi Insurance is expanding its trucking insurance program to include towing and tow-truck businesses. Tow trucks spend much of their time on the road, but their core exposure comes from transporting, handling and storing other people’s vehicles. Corgi’s …
  
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