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Category: Insurance Journal

Abbott Jury Awards at Least $53 Million in Infant-Formula Trial
Insurance Journal | April 10, 2026
Abbott Jury Awards at Least $53 Million in Infant-Formula Trial
Abbott Laboratories said it faces a jury award of at least $53 million over claims by four mothers that the company hid risks its premature-infant formula can cause a bowel disease which creates serious health issues for frail babies. Jurors …
Zurich Austria Launches Branch in Poland
Insurance Journal | April 10, 2026
Zurich Austria Launches Branch in Poland
Zurich Austria has launched a branch in Poland, marking Zurich Insurance Group’s entry into the Polish corporate insurance market. The local team combines knowledge of the Polish market with the global competitive strength of the Zurich Insurance Group, Zurich said. …
Dubai’s DIFC Introduces Temporary Economic Support for Business, Retail Community
Insurance Journal | April 10, 2026
Dubai’s DIFC Introduces Temporary Economic Support for Business, Retail Community
Dubai International Financial Centre (DIFC) said on Thursday it was introducing a package of temporary relief measures to support its business and retail community “as the region emerges from the current environment.” The measures, effective immediately, include flexible payment plans …
Oil Climbs as Strikes on Saudi Facilities Stoke Anxiety; Hormuz Near Standstill
Insurance Journal | April 10, 2026
Oil Climbs as Strikes on Saudi Facilities Stoke Anxiety; Hormuz Near Standstill
Oil prices climbed on Friday, driven by fresh anxiety over supplies from Saudi Arabia and as tanker traffic through the critical Strait of Hormuz remained largely frozen. Prices were still headed for a loss as nerves eased over a fragile …
A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
Insurance Journal | April 10, 2026
A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday. Iranian officials have raised the idea of charging …
US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
Insurance Journal | April 10, 2026
US E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate recorded since 2017. Previous reports from S&P …
People Moves: Chubb Names Rampe Global Head of Claims; The Hartford Promotes Burns to Lead Enterprise Sales and Distribution
Insurance Journal | April 10, 2026
People Moves: Chubb Names Rampe Global Head of Claims; The Hartford Promotes Burns to Lead Enterprise Sales and Distribution
Chubb Names Rampe Global Head of Claims Chubb Limited named Kevin Rampe senior vice president, Chubb Group, Global Claims Officer, responsible for global claims management. Rampe will also retain his responsibilities as head of North America Claims. In his expanded …
NYC Helicopter Crash Prompts Push for New Tourist-Flight Rules
Insurance Journal | April 10, 2026
NYC Helicopter Crash Prompts Push for New Tourist-Flight Rules
US lawmakers from New York City are backing a bill to hold sightseeing helicopters to commercial airline safety standards, one year after a crash that killed a Siemens AG executive and his family. Standing near the crash site over the …
Parents Charged After Child Is Hurt Crawling Into Wolf Area at Zoo
Insurance Journal | April 10, 2026
Parents Charged After Child Is Hurt Crawling Into Wolf Area at Zoo
The parents of a toddler who suffered a minor injury at a Pennsylvania theme park zoo after squeezing through a fence near a wolf enclosure and making contact with one of the animals have been charged with endangering the welfare …
Wildfires Race Across US as Drought Spans Half the Nation
Insurance Journal | April 9, 2026
Wildfires Race Across US as Drought Spans Half the Nation
An unusually hot, snowless winter has fueled a fast start to the spring fire season across large swaths of the western,central and southeastern US, disrupting businesses and upending daily life. Nearly 19,000 have ignited nationwide since Jan. 1, about 6,900 …