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Category: Insurance Journal

FedEx Customers Sue Company for Tariff Refunds After US Supreme Court Ruling
Insurance Journal | March 2, 2026
FedEx Customers Sue Company for Tariff Refunds After US Supreme Court Ruling
FedEx was sued in federal court on Friday on behalf of customers seeking refunds from the global shipping company after the U.S. Supreme Court ruled this month that President Donald Trump unlawfully imposed billions of dollars in emergency tariffs on …
Baldwin Posts Fourth Quarter Loss; Carlisle Takes Over Underwriting Group
Insurance Journal | March 2, 2026
Baldwin Posts Fourth Quarter Loss; Carlisle Takes Over Underwriting Group
Tampa-based Baldwin Insurance Group, Inc. (BWIN) reported a loss of $25.9 million in its fourth quarter, the second quarter for significant red ink. On a per-share basis, the Tampa, Florida-based company said it had a loss of 37 cents. Earnings, …
Delaware High Court Upholds Elon Musk-Led Overhaul of State’s Business Law
Insurance Journal | March 2, 2026
Delaware High Court Upholds Elon Musk-Led Overhaul of State’s Business Law
The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by Elon Musk, handing a win to company founders, insiders and private equity owners who sought less restrictive …
UK Appoints Barclays Executive as Top Bank of England Regulator
Insurance Journal | February 27, 2026
UK Appoints Barclays Executive as Top Bank of England Regulator
Britain’s government on Friday appointed a former regulator and current Barclays BARC.L executive, Katharine Braddick, as the Bank of England’s next deputy governor for prudential regulation to try to boost sluggish economic growth. Last year, finance minister Rachel Reeves criticized …
State Farm to Issue $136M in Dividends to Louisiana Drivers
Insurance Journal | February 27, 2026
State Farm to Issue $136M in Dividends to Louisiana Drivers
State Farm will issue dividends to Louisiana drivers totaling $136 million following stronger than expected underwriting performances nationally. State Farm, which writes approximately 30% of the personal auto insurance market in Louisiana, will send the dividend to policyholders this summer, …
Higginbotham Acquires Illinois-Based Monarch Solutions
Insurance Journal | February 27, 2026
Higginbotham Acquires Illinois-Based Monarch Solutions
Higginbotham announced it has acquired Monarch Solutions Inc., a firm that supports high-net-worth individuals with insurance related strategies that are intended to provide tax savings and estate liquidity. Monarch founder and now Higginbotham Managing Director Kevin Klaas will be based …
From Dating Scams to Fake Lawyers: OpenAI Details ChatGPT Misuse
Insurance Journal | February 27, 2026
From Dating Scams to Fake Lawyers: OpenAI Details ChatGPT Misuse
OpenAI said it banned accounts linked to Chinese law enforcement, romance scammers and influence operations, including a smear campaign against Japan’s first woman prime minister, in a report detailing the misuse of its ChatGPT technology. The company said several accounts …
Duffy Will Brief Congress Next Week on El Paso Shutdown
Insurance Journal | February 20, 2026
Duffy Will Brief Congress Next Week on El Paso Shutdown
Transportation Secretary Sean Duffy said he will brief lawmakers on Capitol Hill next week about the temporary closure of airspace around El Paso, Texas, earlier this month. Duffy told reporters Friday that he stood behind the Federal Aviation Administration’s decision, …
Insurtech Qumis Secures $4.3M Seed Round
Insurance Journal | February 20, 2026
Insurtech Qumis Secures $4.3M Seed Round
Qumis, a lawyer-built AI-driven platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. Total funding reaches $6.75 million. The …
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
Insurance Journal | February 20, 2026
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
AM Best said the U.S. Supreme Court’s ruling against President Donald Trump’s authority to impose sweeping tariffs will help to “ease uncertainty across the insurance industry.” “Managing through unknowns is a challenge to any industry and most observations and segment …