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Category: Insurance Journal

Supreme Court to Hear Bayer’s Bid to Curb Roundup Cases
Insurance Journal | January 20, 2026
Supreme Court to Hear Bayer’s Bid to Curb Roundup Cases
The U.S. Supreme Court agreed on Friday to hear Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. The justices took up Bayer’s appeal of a lower …
Florida OIR Triples the Size of Citizens’ Rate Decrease
Insurance Journal | January 20, 2026
Florida OIR Triples the Size of Citizens’ Rate Decrease
With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens’ Property Insurance Corp. recent rate decrease request. The Florida Office of Insurance …
Florida Insurance Law Cert Closer to Approval; Coverage College Set for March
Insurance Journal | January 20, 2026
Florida Insurance Law Cert Closer to Approval; Coverage College Set for March
Bona fide expertise in Florida property insurance law is inching closer to reality, with new rules and new education initiatives. The Florida Bar’s Board of Governors in September approved proposed rules for a certification in insurance coverage law, and a …
Insurica Acquires Florida-Based First Light Program Managers
Insurance Journal | January 20, 2026
Insurica Acquires Florida-Based First Light Program Managers
Insurica, one of the largest U.S. brokerages, announced it has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. The acquisition, effective this month, is the largest in the 67-year history …
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC
Insurance Journal | January 20, 2026
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC
American International Group (AIG) announced a strategic partnership with global private markets firm CVC. The partnership, announced Jan. 19, includes the establishment of large-scale separately managed accounts (SMAs) across CVC’s credit strategies, for which AIG will allocate up to $2 …
Zurich Makes £7.7 Billion Bid for Specialty Insurer Beazley
Insurance Journal | January 20, 2026
Zurich Makes £7.7 Billion Bid for Specialty Insurer Beazley
Zurich Insurance Group AG has gone public with a £7.67 billion ($10.3 billion) bid to buy Beazley Plc, increasing pressure on the UK-listed company it’s been wooing for more than 12 months. The Swiss insurer offered to buy London-based Beazley …
Toscafund Is Said to Explore Sale of Portuguese Insurer Caravela
Insurance Journal | January 19, 2026
Toscafund Is Said to Explore Sale of Portuguese Insurer Caravela
Toscafund Asset Management and other minority shareholders of Caravela Seguros are exploring a sale of the Portuguese insurer, according to people familiar with the matter. London-based Toscafund, which owns a 48% stake in Caravela, has hired Mediobanca to advise on …
Trump’s Greenland Threat Puts Europe Inc Back in Tariff Crosshairs
Insurance Journal | January 19, 2026
Trump’s Greenland Threat Puts Europe Inc Back in Tariff Crosshairs
Just as European companies were getting used to last year’s hard-won U.S. trade tariff deals, President Donald Trump has put them back in his crosshairs with an explosive threat to place levies on nations that oppose his planned takeover of …
Chile Declares Catastrophe as Deadly Fires Force Evacuations
Insurance Journal | January 19, 2026
Chile Declares Catastrophe as Deadly Fires Force Evacuations
Chilean President Gabriel Boric declared a state of catastrophe in two southern regions of the country where raging wildfires have killed at least 15 people and forced tens of thousands to evacuate. Ante los graves incendios en curso he decidido …
South Africa Declares National Disaster After Deadly Floods
Insurance Journal | January 19, 2026
South Africa Declares National Disaster After Deadly Floods
South Africa declared a national disaster after severe weather conditions led to deadly floods across parts of the country. Heavy rainfall, strong winds, lightning and flooding have resulted in loss of life, significant damage to infrastructure and property, environmental degradation …