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Tag: insurance-journal

Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling
Insurance Journal | June 30, 2026
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling
Editor’s note: As some national news reports continue to claim that Florida’s property insurance crisis has endured and premiums keep rising, one Florida insurance executive offered a view from inside the industry, shaped by more than three decades in the …
DOJ Closes Criminal Probe Into Abbott Over Baby Formula Plant, WSJ Reports
Insurance Journal | June 30, 2026
DOJ Closes Criminal Probe Into Abbott Over Baby Formula Plant, WSJ Reports
The U.S. Justice Department closed a criminal probe into Abbott Laboratories over its handling of a baby formula plant linked to potentially deadly bacteria and infant deaths, opting instead for civil penalties, the Wall Street Journal reported on Sunday. Reuters …
Proxy Advisers Notch Third Legal Win Staving Off Republican ‘Anti-ESG’ Rules
Insurance Journal | June 30, 2026
Proxy Advisers Notch Third Legal Win Staving Off Republican ‘Anti-ESG’ Rules
A federal judge late on June 26 granted a preliminary injunction blocking an Indiana law requiring new disclosures from proxy advisers, marking a third legal victory for Institutional Shareholder Services and Glass Lewis against restrictions backed by Republican lawmakers. The …
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed
Insurance Journal | June 30, 2026
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed
About three months after it detected suspicious activity within its network systems, AssuranceAmerica has started alerting consumers. The Atlanta-based managing general agency with about 9,500 agents selling personal auto, renters, and commercial auto policies in 14 states, said on March …
Texas Supreme Court Rejects Lawsuit by Survivors of Uvalde School Shooting
Insurance Journal | June 29, 2026
Texas Supreme Court Rejects Lawsuit by Survivors of Uvalde School Shooting
The Texas Supreme Court on Friday rejected an appeal by Robb Elementary students and teachers who argued failures by the Department of Public Safety and Uvalde County contributed to a botched response to the 2022 shooting that killed 19 students …
ANV Agrees to Acquire Specialist MGA Assured Underwriting Group
Insurance Journal | June 29, 2026
ANV Agrees to Acquire Specialist MGA Assured Underwriting Group
ANV Group Holdings Ltd., a global insurance intermediary platform, announced it has entered into a definitive agreement to acquire Assured Underwriting Group Ltd. (AUG), a specialist MGA providing insurance-backed financial protection products to tour operators and the travel sector across …
Texas Industrial Facility Faces $3.5M in Fines for Safety Violations
Insurance Journal | June 29, 2026
Texas Industrial Facility Faces $3.5M in Fines for Safety Violations
The U.S. Department of Labor has proposed more than $3.5 million in fines against three companies after federal inspectors determined they failed to protect workers during post-emergency response cleanup after a chemical spill at the BWC Terminals industrial facility east …
Michigan Communities Fight to Address Lead in Drinking Water
Insurance Journal | June 29, 2026
Michigan Communities Fight to Address Lead in Drinking Water
Twenty-five Metro Detroit communities exceeded Michigan’s lead action level for drinking water since 2018, according to state compliance data analyzed by a drinking water engineer and reviewed by Planet Detroit. The communities all receive water treated by the Great Lakes …
California and US West Threatened by Wildfires Over Coming Days
Insurance Journal | June 19, 2026
California and US West Threatened by Wildfires Over Coming Days
The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …
People Moves: Arch Promotes Halgan as CEO of Global Reinsurance, Schmeiser as CEO, Global Mortgage; Sompo International Markets Names MacHale as CUO, Head of Strategy
Insurance Journal | June 19, 2026
People Moves: Arch Promotes Halgan as CEO of Global Reinsurance, Schmeiser as CEO, Global Mortgage; Sompo International Markets Names MacHale as CUO, Head of Strategy
This edition of International People Moves details appointments at global re/insurers Arch Capital Group and Sompo. A summary of these new hires follows here. Arch Capital Group Ltd., the Bermuda-based provider of insurance, reinsurance and mortgage insurance, announced the promotions …