(239) 334-7727

info@benfew.com

Category: Insurance Journal

Pemex Undersea Pipeline Found to Cause Gulf Oil Spill
Insurance Journal | April 20, 2026
Pemex Undersea Pipeline Found to Cause Gulf Oil Spill
An oil spill in the Gulf of Mexico that soiled beaches, killed wildlife and sparked outrage from environmental groups was caused by a leaky pipeline owned by state oil company Petroleos Mexicanos, the company said. A government investigation determined that …
SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Insurance Journal | April 20, 2026
SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission’s ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say it’s not enough. In arguments Monday they are asking …
AI for the Defense: Should Insurers or Law Firms Pay?
Insurance Journal | April 20, 2026
AI for the Defense: Should Insurers or Law Firms Pay?
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to Carrier Management readers. Nor is the suggestion that defense firms need to try to …
India Approves $1.4 Billion Maritime Insurance Pool
Insurance Journal | April 18, 2026
India Approves $1.4 Billion Maritime Insurance Pool
India has approved a 129.8-billion-rupee ($1.4 billion) guarantee for a maritime insurance pool, a minister said on Saturday, as wars and sanctions prompt insurers to withdraw cover, threatening trade flows. The pool will run for 10 years and can be …
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims in Arkansas
Insurance Journal | April 17, 2026
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims in Arkansas
A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 million to …
Update: Shipping Firms Seek Clarifications Before Transiting Now-Opened Hormuz
Insurance Journal | April 17, 2026
Update: Shipping Firms Seek Clarifications Before Transiting Now-Opened Hormuz
Shipping companies have cautiously welcomed Iran’s announcement that the Strait of Hormuz is open but said they would require clarifications, including about the risk of mines, before vessels move through the entry point to the Gulf. Foreign Minister Abbas Araqchi …
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Insurance Journal | April 17, 2026
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an “AI winner” through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. “[W]e see AI as a powerful accelerator and enabler in delivering value to our …
Iowa AG Sues Meta Over Alleged Deceptive Practices on Instagram
Insurance Journal | April 10, 2026
Iowa AG Sues Meta Over Alleged Deceptive Practices on Instagram
Iowa Attorney General Brenna Bird announced she has filed a lawsuit against Meta and several of its subsidiaries, including Instagram and Facebook, for breaking Iowa’s consumer protection laws. The Attorney General’s Office alleges Instagram represents itself as being safe for …
Inszone Acquires Oklahoma’s Schuessler
Insurance Journal | April 10, 2026
Inszone Acquires Oklahoma’s Schuessler
Inszone Insurance Services announced its expansion in Oklahoma through the acquisition of Schuessler Insurance, Inc., a long-standing independent insurance agency based in Alva, Oklahoma. Founded in 1973 by Harvey Schuessler, the agency began as a small operation run from Schuessler’s …
Markel Expands in Australia With Office in Perth
Insurance Journal | April 10, 2026
Markel Expands in Australia With Office in Perth
Markel Insurance, the insurance operations within Markel Group Inc., announced the opening of a new office in Perth, Western Australia, with immediate effect. Building on growth from existing Australian offices, Markel is expanding its local presence with the appointments of …