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State Farm Files for 6.2% Auto Rate Reduction in California
Insurance Journal | November 20, 2025
State Farm Files for 6.2% Auto Rate Reduction in California
State Farm Mutual Automobile Insurance Co. submitted a rate filing to reduce personal auto insurance rates by 6.2%. The filing has a targeted effective date of Feb. 23, 2026, and is pending approval from the California Department of Insurance. State …
Another Fire Ignites at Ford Aluminum Supplier Novelis in New York
Insurance Journal | November 20, 2025
Another Fire Ignites at Ford Aluminum Supplier Novelis in New York
Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profit forecast, citing …
Florida Congresswoman Indicted on Charges of Misusing $5M in FEMA Funds
Insurance Journal | November 20, 2025
Florida Congresswoman Indicted on Charges of Misusing $5M in FEMA Funds
A federal grand jury in Miami has indicted U.S. Rep. Sheila Cherfilus-McCormick and others, charging that they used federal disaster relief funds for her 2021 Congressional campaign. Federal prosecutors said Cherfilus-McCormick, 46, and her brother, Edwin Cherfilus, 51, of Miramar, …
People Moves: IQUW Taps Munich Re’s Gregory as Reinsurance Underwriter; The Fidelis Partnership Names Dlugosch From Swiss Re as Group Head of Aviation
Insurance Journal | November 20, 2025
People Moves: IQUW Taps Munich Re’s Gregory as Reinsurance Underwriter; The Fidelis Partnership Names Dlugosch From Swiss Re as Group Head of Aviation
This edition of International People Moves details appointments at IQUW and The Fidelis Partnership. A summary of these new hires follows here. IQUW Taps Gregory From Munich Re as Underwriter in London Reinsurance Team Specialty insurer and reinsurer IQUW announced …
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline
Insurance Journal | November 20, 2025
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline
Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In …
Trucordia Acquires Eberle Insurance in Arkansas
Insurance Journal | November 20, 2025
Trucordia Acquires Eberle Insurance in Arkansas
Trucordia acquired Eberle Insurance in Arkansas. Eberle Insurance is an independent insurance agency serving Sherwood and the greater Central Arkansas region, including nearby Little Rock. Trucordia is the group name for an insurance brokerage headquartered in Lindon, Utah. The firm …
Insurance IPOs Hit 20-Year High on Wall Street
Insurance Journal | November 20, 2025
Insurance IPOs Hit 20-Year High on Wall Street
Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war. Predictable cash flows and resilient business model gave private equity firms …
Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year
Insurance Journal | November 20, 2025
Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year
Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year’s ballot, legal filings show. The procedural move comes after the campaign behind the issue, Smart & Safe …
Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change
Insurance Journal | November 20, 2025
Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change
A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy companies. Ahead of the …
Zurich, Arrowsight Camera-Coaching Pilot Slashes NYC Workers’ Compensation Claims
Insurance Journal | November 20, 2025
Zurich, Arrowsight Camera-Coaching Pilot Slashes NYC Workers’ Compensation Claims
A three-year pilot program using video surveillance and coaching at New York City construction sites led to a more than 50% drop in workers’ compensation claims frequency and enhanced jobsite safety. According to insurer Zurich North America, Zurich Resilience Solutions …