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Category: Insurance Journal

Judge Declines to Force FEMA to Release Funds to Upgrade US Emergency Alert System
Insurance Journal | March 20, 2025
Judge Declines to Force FEMA to Release Funds to Upgrade US Emergency Alert System
A federal judge on Monday declined to force the Trump administration to immediately reimburse dozens of public broadcasting stations for upgrades to the nation’s emergency alert system. The nonprofit Corporation for Public Broadcasting sued the Federal Emergency Management Agency last …
Automakers, Tech Industry Urge Trump to Speed Self-Driving Car Deployment
Insurance Journal | March 20, 2025
Automakers, Tech Industry Urge Trump to Speed Self-Driving Car Deployment
Major automakers and tech groups on Tuesday called on the Trump administration to take steps to speed deployment of self-driving cars, citing a number of regulatory hurdles. The Alliance For Automotive Innovation, a group representing nearly all major automakers, in …
JD Power: Customers Not Happy With Carrier Property Claims Service
Insurance Journal | March 20, 2025
JD Power: Customers Not Happy With Carrier Property Claims Service
Higher premiums and longer wait times make property owners less satisfied with their insurers. These not-very-surprising results from J.D. Power’s 2025 U.S. Property Claims Satisfaction Study align with today’s climate of increasingly longer claim cycle times and higher costs for …
Homeowners Have Post-Loss Responsibilities Too, Florida Appeals Court Says in HCI Win
Insurance Journal | March 20, 2025
Homeowners Have Post-Loss Responsibilities Too, Florida Appeals Court Says in HCI Win
Florida insurers, often on the receiving end of insureds’ complaints – in the courts and in the news media – may take heart from a new ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities …
Finland Ranks World’s Happiest Again With US At Worst-Ever Level
Insurance Journal | March 19, 2025
Finland Ranks World’s Happiest Again With US At Worst-Ever Level
Finland’s unbroken streak as the world’s happiest country continued for an eighth year while the US fell to 24th place, its lowest-ever level in the global ranking. Denmark, Iceland, Sweden and the Netherlands rounded out the top five in the …
People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair
Insurance Journal | March 19, 2025
People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair
People Moves: Marsh Promotes Barnes as Global Head of Energy & Power, Herring as Team’s Chair Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Amy Barnes as global head of Energy & Power, effective immediately. Based …
Detroit Area CBP Director Charged in FEMA Fraud Scheme
Insurance Journal | March 19, 2025
Detroit Area CBP Director Charged in FEMA Fraud Scheme
A federal criminal complaint was unsealed today charging the Director of United States Customs and Border Protection’s (CBP) Center for Excellence and Expertise over Automotive and Aerospace Engineering with engaging in a scheme to defraud the Federal Emergency Management Agency …
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Insurance Journal | March 19, 2025
Swiss Re to Sell Entire 10.05% Stake in Canada’s Definity Financial for C$655 Million
Swiss Re is selling its entire 10.05% stake in Definity Financial, the Canadian property/casualty insurer, for C$655 million ($458.1 million) — a decision the reinsurer made after a review of its investment portfolio. On March 19, Swiss Re was due …
World Insurance Acquires Archambault Associates of Connecticut
Insurance Journal | March 10, 2025
World Insurance Acquires Archambault Associates of Connecticut
World Insurance Associates LLC reports it acquired the business of Archambault Insurance Associates of Putnam, Connecticut in December. Terms of the transaction were not disclosed. Archambault was founded in 1928 by Joseph A. Archambault. Today the third-generation, family-owned, full-service agency …
AM Best Assigns Excellent Rating to MEM
Insurance Journal | March 10, 2025
AM Best Assigns Excellent Rating to MEM
AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned …