Insurance Journal

President Donald Trump said 25% duties on medium- and heavy-duty trucks would begin Nov. 1, the latest expansion of his tariff regime aimed at protecting domestic industries. The proposal has been subject to an intense lobbying campaign by Detroit’s legacy …... Read more

Mergers and acquisitions (M&A) are rarely simple. Even in buoyant deal environments, uncertainties around valuation, regulatory approval, or contingent liabilities can derail negotiations at the eleventh hour. Over the past decade, transactional risk insurance has moved from being a niche …... Read more

It’s often insureds who come to Florida from Canada before winter sets in. But this week, it’s an Ottawa-based insurance brokerage that has moved into the Sunshine State with the acquisition of a Cape Coral firm. Gifford Carr Insurance Group …... Read more

Honeywell said on Wednesday that it has divested all of its Bendix asbestos liabilities, as well as certain non-Bendix asbestos liabilities, to corporate liability acquisition platform Delticus. The company is streamlining operations, with a plan to split into three independently …... Read more

The Cooperative of American Physicians, Inc. promoted Daniel Cavanaugh to senior vice president of business development. Cavanaugh was named vice president of CAP membership development in 2018. As senior vice president, he leads a new business unit that brings together …... Read more

California Attorney General Rob Bonta said his state would continue to sue the Trump administration’s aggressive deregulatory actions on environmental rules, and was also looking at more lawsuits connected to deception around plastic recycling. Speaking on the “Climate Frontlines” show …... Read more

Highstreet Insurance Partners, headquartered in Traverse City, Michigan, named Kristen Stokes as its chief broking officer. Stokes is based out of Highstreet’s New York City office. Stokes will serve on Highstreet’s executive leadership team with a focus on deepening the …... Read more

Federal authorities said the superintendent of Iowa’s largest school district had a history of criminal charges before his arrest by immigration agents last week, which shocked the community and prompted the school board to sue the consulting company it hired …... Read more

The US Supreme Court declined a chance to open social media companies to lawsuits over content recommended by their algorithms, turning away an appeal that accused Meta Platforms Inc.’s Facebook of radicalizing a man who killed nine South Carolina churchgoers. …... Read more

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced an agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to private equity firm Lee Equity Partners for a total consideration of $139 million, inclusive of …... Read more

The commercial insurance industry is entering a period of stability and opportunity made possible by an abundance of capital and the power of artificial intelligence (AI), according to a new report from global broker Willis. This promising stage comes after …... Read more

Illinois sued the Trump administration over its plan to deploy National Guard troops to the Chicago area, setting off a fresh legal battle over the president’s authority to use soldiers to respond to protests over his immigration crackdown. The lawsuit …... Read more

More than a year after he was charged, a Georgia businessman known as “Dr. Taxes” has been indicted for posing as an insurance agent and swiping hundreds of thousands of dollars in workers’ compensation premiums. Emmanual Torres-Cruz, 35, was indicted …... Read more

The massive power outage that hit the Iberian Peninsula in April is the first known blackout caused by excessive voltage, the European network of electricity transmission system operators said in a report on Friday [October 3] . Released ahead of …... Read more

Intact Financial Corp. (IFC) announced the official rebranding of RSA and NIG to Intact Insurance across the UK, Ireland and Europe. This move marks a significant milestone in the company’s journey which is now united under a single brand, reflecting …... Read more