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Category: Insurance Journal

ZestyAI Gains Michigan Approval
Insurance Journal | May 30, 2025
ZestyAI Gains Michigan Approval
ZestyAI announced that the Michigan Department of Insurance and Financial Services has approved its severe convective storm suite. The approval comes as Michigan contends with rising weather-related insurance losses. According to NOAA’s National Centers for Environmental Information (NCEI), the state …
Texas House Advances Bill to Allow Homes on Smaller Lots
Insurance Journal | May 30, 2025
Texas House Advances Bill to Allow Homes on Smaller Lots
The Texas House gave a thumbs Wednesday to a bill allowing smaller homes on smaller lots in Texas’ biggest cities, part of a broad push by state lawmakers to put a dent in the state’s high home prices. But the …
Congress Could Unravel Biden’s Climate Law. Here’s What to Watch
Insurance Journal | May 30, 2025
Congress Could Unravel Biden’s Climate Law. Here’s What to Watch
The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten to unravel a variety of incentives that would result in …
EU to Propose More Flexible Climate Goal, Sources Say
Insurance Journal | May 30, 2025
EU to Propose More Flexible Climate Goal, Sources Say
The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s environmental aims, EU diplomats told Reuters. The European Union’s climate …
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
Insurance Journal | May 30, 2025
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames …
People Moves: Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance
Insurance Journal | May 30, 2025
People Moves: Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance
This edition of International People Moves details executive appointments at Markel and AXA XL Reinsurance. A summary of these new hires follows here. Markel Taps Former RSA Exec Mooney to Succeed Galjaard Who Will Step Down Markel, the insurance operations …
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
Insurance Journal | May 30, 2025
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The administration is set to soon unveil …
CVS and Express Scripts Sue to Block Arkansas Law Restricting Pharmacy Benefit Managers
Insurance Journal | May 30, 2025
CVS and Express Scripts Sue to Block Arkansas Law Restricting Pharmacy Benefit Managers
CVS and Express Scripts asked a federal judge on Thursday to block a law prohibiting pharmacy benefit managers from owning or operating pharmacies in Arkansas, challenging the first such restriction enacted by a state. The lawsuits come a little over …
Lawsuit Says Zealous Honolulu PD Arresting Drivers for DUI Even When Sober
Insurance Journal | May 30, 2025
Lawsuit Says Zealous Honolulu PD Arresting Drivers for DUI Even When Sober
The Honolulu Police Department said it will review all impaired driving arrests after the American Civil Liberties Union of Hawaii filed a lawsuit alleging officers are arresting sober drivers in an overzealous focus on making drunk-driving arrests. In recent years …
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
Insurance Journal | May 30, 2025
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
The only stock in the FTSE 100 with buy recommendations from every analyst that covers it just gained another bull. Beazley Plc was named a ‘top pick’ by Berenberg, which gave the Lloyd’s of London insurer a 1,150 pence price …