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Archive: October 2025

Renaissance Acquires Insurance Services of The West
Insurance Journal | October 20, 2025
Renaissance Acquires Insurance Services of The West
Renaissance acquired the agency network business of Insurance Services of the West LLC, doing business as Insurance Agency Network in Washington. IAN is a membership organization with more 70 members representing a reported $400 million in premium. IAN is the …
WR Berkley Q3 Net Income Up Near 40%
Insurance Journal | October 20, 2025
WR Berkley Q3 Net Income Up Near 40%
Third quarter 2024 net income at W.R. Berkley Corp. increased nearly 40% compared to the same period a year ago Net income was about $511 million for Q3 2025 compared to net income of about $365.6 million a year ago …
Target Is Selling THC Beverages in Minnesota Test Run
Insurance Journal | October 20, 2025
Target Is Selling THC Beverages in Minnesota Test Run
Target Corp. is testing the sale of hemp-derived THC beverages at a handful of locations, marking an important milestone for an industry that’s largely been shut out of national chains. THC beverage makers initially confirmed the move. The chief executive …
Texas Residents to Vote on $20B Package to Secure State’s Water Supply
Insurance Journal | October 20, 2025
Texas Residents to Vote on $20B Package to Secure State’s Water Supply
LONGVIEW — In this part of Texas, residents stock up on bottled water in between boil notices. It’s part of life in a place where water pipes are old, corroded and falling apart. In the High Plains, near Lubbock, farmers …
Michigan DIFS Reminds Consumers to Practice Cybersecurity Awareness
Insurance Journal | October 20, 2025
Michigan DIFS Reminds Consumers to Practice Cybersecurity Awareness
The Michigan Department of Insurance and Financial Services is using cybersecurity awareness month to remind residents to take proactive steps to protect themselves from scammers and cyberattacks. Some steps that consumers can take to protect themselves and their personal information …
Amazon Delivery Firms Are Bailing Amid Rising Costs, Meager Profit
Insurance Journal | October 20, 2025
Amazon Delivery Firms Are Bailing Amid Rising Costs, Meager Profit
In 2022, Jake Clay started an Amazon delivery firm in Odessa, Texas, after hearing about the company-sponsored program from a friend. He sank $75,000 into the business and earned more than $200,000 in the first year. An Air Force veteran, …
NHTSA Investigates Waymo Robotaxis Over Safety Around School Buses
Insurance Journal | October 20, 2025
NHTSA Investigates Waymo Robotaxis Over Safety Around School Buses
The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has opened a preliminary probe into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around stopped school …
Alaska Storm Damage So Bad Many Evacuees Won’t Go Home for at Least 18 Months
Insurance Journal | October 20, 2025
Alaska Storm Damage So Bad Many Evacuees Won’t Go Home for at Least 18 Months
Damage to remote Alaska villages hammered by flooding last weekend is so extreme that many of the more than 2,000 people displaced won’t be able to return to their homes for at least 18 months, Gov. Mike Dunleavy said in …
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida
Insurance Journal | October 20, 2025
Progressive Records $2.6B in Q3 Income After Refunds for Excess Profits in Florida
Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to account for excess profits the carrier will have to return to Florida auto insurance policyholders. “Despite actions to lower rates …
People Moves: Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires; AXA Announces Key Leadership Appointments
Insurance Journal | October 20, 2025
People Moves: Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires; AXA Announces Key Leadership Appointments
This edition of International People Moves details appointments at Liberty Mutual Reinsurance and AXA. A summary of these new hires follows here. Liberty Mutual Re Promotes Blosche to Head of Northern Europe as Van Oort Retires Liberty Mutual Reinsurance (LM …