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Category: Insurance Journal

Northwestern University Finalizing Settlement Over Football Hazing Scandal
Insurance Journal | April 10, 2025
Northwestern University Finalizing Settlement Over Football Hazing Scandal
Former Northwestern University football players are finalizing an agreement with the school to settle lawsuits alleging hazing and abuse that led to longtime coach Pat Fitzgerald’s firing, a school spokesman and attorneys said Tuesday. The prestigious private university in suburban …
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Insurance Journal | April 10, 2025
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more …
Market/Coverages: Marsh Offers Bermuda Cyber Excess Facility With $30M of Capacity
Insurance Journal | April 10, 2025
Market/Coverages: Marsh Offers Bermuda Cyber Excess Facility With $30M of Capacity
Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance facility that provides Marsh clients with enhanced protection and a streamlined client experience. CyberShore Bermuda provides up to $30 million in …
Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout
Insurance Journal | April 10, 2025
Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout
The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries …
What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing
Insurance Journal | April 10, 2025
What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing
An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled on Wednesday. Another commercial for Shell, which promoted its investments in EV charging stations and renewable energy, as well as …
Trump Issues Order to Block State Climate Change Policies
Insurance Journal | April 10, 2025
Trump Issues Order to Block State Climate Change Policies
U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change. The move is the latest in a string of …
Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage
Insurance Journal | April 10, 2025
Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage
Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates …
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 …