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Category: Insurance Journal

Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage
Insurance Journal | April 10, 2025
Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage
A 911 dispatch center is not necessarily part of a county’s emergency services department and is not covered by a secondary liability insurance policy, a federal appeals court found this week in a decision that will cost Travelers several million …
Liberty Mutual CEO Sweeney Elected Chairman as Long Retires
Insurance Journal | April 9, 2025
Liberty Mutual CEO Sweeney Elected Chairman as Long Retires
Liberty Mutual’s Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been with Boston-based Liberty Mutual for 40 years. He was named …
Trump Temporarily Lowers Tariffs for Most Countries, Raises Them for China
Insurance Journal | April 9, 2025
Trump Temporarily Lowers Tariffs for Most Countries, Raises Them for China
U.S. President Donald Trump said on Wednesday he would temporarily lower new tariffs on many countries, even as he raised them further on imports from China, in a sudden reversal that sent U.S. stocks sharply higher. Trump’s announcement came less …
MNK Group Unveils New Unified Brand
Insurance Journal | April 9, 2025
MNK Group Unveils New Unified Brand
MNK Group has launched a new unified brand, which integrates its broking, MGA, and risk-taking entities to ensure a consistent customer experience. The new group website (groupmnk.com) connects all underlying entities across the UK, Europe, North America, Latin America, Africa, …
China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment
Insurance Journal | April 9, 2025
China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment
China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset …
BlackRock Plans for Texas ETF Amid Its Push Into Lone Star State
Insurance Journal | April 1, 2025
BlackRock Plans for Texas ETF Amid Its Push Into Lone Star State
BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passively managed and …
J&J Plunges After Plan to Settle Baby Powder Suits Fails
Insurance Journal | April 1, 2025
J&J Plunges After Plan to Settle Baby Powder Suits Fails
Johnson & Johnson shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought by …
People Moves: JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson; Huntington Hires Weaver as Senior Director of P&C
Insurance Journal | April 1, 2025
People Moves: JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson; Huntington Hires Weaver as Senior Director of P&C
JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial risks, working with carrier underwriters and independent …
Another Kentucky Farmer Pleads Guilty to Crop Insurance Fraud
Insurance Journal | April 1, 2025
Another Kentucky Farmer Pleads Guilty to Crop Insurance Fraud
A Kentucky farmer is awaiting sentencing after pleading guilty to defrauding the federal crop insurance program of almost $1.5 million. Robert Thomas Hunt, of Taylor County in central Kentucky, asked grain haulers to sell his soybean, corn and wheat under …
Japan Warns Potential Megaquake Could Kill Nearly 300,000
Insurance Journal | April 1, 2025
Japan Warns Potential Megaquake Could Kill Nearly 300,000
A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and kill 298,000 …