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Deadly Bear Attacks in Japan Prompt New Products From Insurers
Insurance Journal | December 1, 2025
Deadly Bear Attacks in Japan Prompt New Products From Insurers
Hardly a day goes by in Japan without news of another bear attack, but a problem that’s worrying local residents, tourists and farmers and hampering leisure-related businesses is presenting an opportunity for insurers. Tokio Marine & Nichido Fire Insurance Co. …
Why Reciprocal Insurance Exchanges Are Back in Fashion
Insurance Journal | December 1, 2025
Why Reciprocal Insurance Exchanges Are Back in Fashion
Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and waning property insurance capacity in catastrophe-prone regions supporting the resurgence. Third-party investors “are not exposed to the insurers’ …
CME Data Center Bolsters Backup Cooling After 10-Hour Outage
Insurance Journal | December 1, 2025
CME Data Center Bolsters Backup Cooling After 10-Hour Outage
The data center that supports CME Group Inc., one of the world’s largest derivatives exchanges, said it has bolstered its backup cooling capacity after overheating sparked a catastrophic 10-hour outage that roiled world markets on Friday. CyrusOne — which owns …
Texas Adds ID Restrictions on Vehicle Registrations, Renewals
Insurance Journal | December 1, 2025
Texas Adds ID Restrictions on Vehicle Registrations, Renewals
The Texas Department of Motor Vehicles is implementing more stringent photo identification requirements for all vehicle registrations and renewals in an abrupt shift that could shut out undocumented residents from legally owning vehicles. Current photo identification, such as a state …
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire
Insurance Journal | November 28, 2025
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire
Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 …
Illinois Roofing Company Sued for Race and Sex Harassment
Insurance Journal | November 26, 2025
Illinois Roofing Company Sued for Race and Sex Harassment
Anthony Roofing Tecta America LLC and Tecta America Corporation, roofing services providers in Illinois and nationwide, violated federal law when they subjected African American and female employees of their Aurora, Illinois location to race and sex harassment, the U.S. Equal …
Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide
Insurance Journal | November 26, 2025
Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide
Tyson Foods’ decision to close a beef plant that employs nearly one third of residents of Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. Closing a single slaughterhouse might not seem significant, but the …
Tornado Damages More than 100 Homes Near Houston
Insurance Journal | November 26, 2025
Tornado Damages More than 100 Homes Near Houston
More than 100 homes have been damaged after a tornado touched down in a residential area outside Houston, authorities in Texas said Monday. No injuries were reported. Photos and drone video posted on Facebook by the Harris County Precinct 4 …
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 …