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Category: Insurance Journal

Texas Judge Awards Nearly $2M for Negligent FBI Agent’s Fatal Shooting
Insurance Journal | March 10, 2025
Texas Judge Awards Nearly $2M for Negligent FBI Agent’s Fatal Shooting
A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …
Florida Citizens Moving to Safer Jacksonville Office Away from Downtown
Insurance Journal | March 10, 2025
Florida Citizens Moving to Safer Jacksonville Office Away from Downtown
Florida’s Citizens Property Insurance Corp. is planning to move its Jacksonville office, due in part to security concerns at its current downtown location where more than 800 employees have worked for the last 10 years. The Citizens Board of Governors …
8 Hurt When Driver Plowed Vehicle into California Car Dealership
Insurance Journal | March 10, 2025
8 Hurt When Driver Plowed Vehicle into California Car Dealership
Eight people were injured over the weekened when a driver plowed a vehicle into a CarMax location in the Los Angeles area. Two people were critically hurt at the dealership in Inglewood, while the other six had minor injuries, Los …
Nirvana Raises $80M for AI-Driven Fleet Insurance; Carrier-Agency Connector CoverForce Secures $13M
Insurance Journal | March 10, 2025
Nirvana Raises $80M for AI-Driven Fleet Insurance; Carrier-Agency Connector CoverForce Secures $13M
Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …
Pilot Error Likely Caused Small Plane Crash That Killed Family in Tennessee
Insurance Journal | March 10, 2025
Pilot Error Likely Caused Small Plane Crash That Killed Family in Tennessee
NASHVILLE, Tenn. (AP) — A fiery small plane crash in Tennessee last year that killed a Canadian family of five was most likely the result of an error by the father, who was piloting the plane, according to a National …
Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms
Insurance Journal | March 10, 2025
Supreme Court Nixes Challenge to State Climate Suits Against Oil Firms
Adds background on case in paragraphs 3-13 By Nate Raymond March 10 (Reuters) – The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major …
France Warns of Soaring Insurance Costs From Climate Change
Insurance Journal | March 10, 2025
France Warns of Soaring Insurance Costs From Climate Change
French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching …
Bayer Threatens to Stop Roundup Weedkiller Sales in US Over Litigation Costs
Insurance Journal | March 10, 2025
Bayer Threatens to Stop Roundup Weedkiller Sales in US Over Litigation Costs
Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter. Bayer has paid about $10 billion to …
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
Insurance Journal | March 10, 2025
Arthur J. Gallagher & Co. Acquires Philippines-Based Re/Insurance Broker Philinsure
Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed. Philinsure is a commercial …
Medical Plane’s Voice Recorder Likely Not Working for Years Before Crash
Insurance Journal | March 10, 2025
Medical Plane’s Voice Recorder Likely Not Working for Years Before Crash
The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January and likely had not been functioning for several years, the National Transportation Safety Board said …