Category: Insurance Journal

SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
Insurance Journal | June 19, 2025
SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
A SpaceX Starship rocket exploded on a test stand in Texas, adding to a series of setbacks to Elon Musk’s space ambitions that include trips to Mars. The huge blast enveloped the craft as it stood upright on a test …
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Insurance Journal | June 19, 2025
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Krispy Kreme released new information about its late 2024 data breach and said it is notifying affected individuals—many of them current or former employees, and their families. According to a post on its website and a notification to the attorney …
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Insurance Journal | June 19, 2025
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …
Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know
Insurance Journal | June 19, 2025
Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know
Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Insurance Journal | June 10, 2025
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon, a new outlook asserts. …
Texas State Fire Marshal’s Office Announces Investigations Leading to Guilty Pleas
Insurance Journal | June 10, 2025
Texas State Fire Marshal’s Office Announces Investigations Leading to Guilty Pleas
The Texas State Fire Marshal’s Office (SFMO), a division of the Texas Department of Insurance. announced three investigations that have led to guilty pleas: James Levorn Rias pleaded guilty to a first-degree murder charge following a May 2024 fire in …
People Moves: Burns & Wilcox Promotes Gatewood to EVP, Personal Insurance
Insurance Journal | June 10, 2025
People Moves: Burns & Wilcox Promotes Gatewood to EVP, Personal Insurance
Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage headquartered in Farmington Hills, Michigan, promoted Bill Gatewood to executive vice president, personal insurance, effective July 1. Burns & Wilcox is a member of H.W. Kaufman Group, a privately …
Kansas Insurance Commissioner to Visit Butler County After Widespread Flooding Event
Insurance Journal | June 10, 2025
Kansas Insurance Commissioner to Visit Butler County After Widespread Flooding Event
Kansas Insurance Commissioner Vicki Schmidt and Kansas Department of Insurance staff will be on-site Tuesday, June 10 in El Dorado to assist Kansans affected by widespread flooding in Butler County, the department said. KDI staff will assist with insurance claims …
Bally’s Settles Suit by White Men Over Chicago Casino Stake
Insurance Journal | June 10, 2025
Bally’s Settles Suit by White Men Over Chicago Casino Stake
Bally’s Corp. said it has settled a lawsuit brought by two white men and a conservative legal group that challenged a $1.7 billion Chicago casino project that offered ownership stakes only to women and people of color. The settlement comes …
Multiple Injuries in Skydiving Plane Crash in Tennessee
Insurance Journal | June 10, 2025
Multiple Injuries in Skydiving Plane Crash in Tennessee
Several people were injured after a skydiving plane crashed outside a small Tennessee airport, authorities said. The Federal Aviation Administration said a de Havilland Canada DHC-6 Twin Otter plane carrying 20 people crashed shortly after departing Tullahoma Regional Airport on …