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Tag: insurance-journal

Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
Insurance Journal | May 30, 2025
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
The only stock in the FTSE 100 with buy recommendations from every analyst that covers it just gained another bull. Beazley Plc was named a ‘top pick’ by Berenberg, which gave the Lloyd’s of London insurer a 1,150 pence price …
SEC Dismisses Lawsuit Against Binance Crypto Exchange
Insurance Journal | May 30, 2025
SEC Dismisses Lawsuit Against Binance Crypto Exchange
The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, extending the regulator’s new approach to cryptocurrencies since President Donald Trump reentered the White House. A joint stipulation of dismissal …
Ex-WWE Executive Turns, Agrees to Team With Sex Abuse Accuser Against McMahon
Insurance Journal | May 30, 2025
Ex-WWE Executive Turns, Agrees to Team With Sex Abuse Accuser Against McMahon
A former WWE executive who had been fighting sexual abuse allegations in a lawsuit by an ex-employee has agreed to a confidential settlement and will now help the accuser as she continues suing the company and former leader Vince McMahon, …
Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance
Insurance Journal | May 30, 2025
Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as “an independent holding company that oversees carriers supporting managing general underwriters. Novel Financial Holdings LLC (“Novel”) …
DeSantis Vetoes Repeal of ‘Free Kill’ Medical Malpractice Bill
Insurance Journal | May 30, 2025
DeSantis Vetoes Repeal of ‘Free Kill’ Medical Malpractice Bill
Florida Gov. Ron DeSantis has vetoed a bill that would have restored some family members’ right to file suit after a loved one dies from medical negligence. The Florida Legislature this year approved House Bill 6017 by wide margins. The …
Trump Administration Is Rolling Out a New Way to Shrink FEMA’s Role
Insurance Journal | May 30, 2025
Trump Administration Is Rolling Out a New Way to Shrink FEMA’s Role
When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the …
Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors
Insurance Journal | May 30, 2025
Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors
Elevator inspections in Georgia have been an issue for years, exacerbated by the death of an 18-year-old athlete who was trapped and crushed between floors in a faulty elevator in 2021. Now, the Georgia insurance commissioner says his office has …
Trump’s Tariffs to Remain in Effect After Appeals Court Grants Stay
Insurance Journal | May 29, 2025
Trump’s Tariffs to Remain in Effect After Appeals Court Grants Stay
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. …
Searing Heat in California and West Threatens to Break Temperature Records
Insurance Journal | May 29, 2025
Searing Heat in California and West Threatens to Break Temperature Records
A short-lived heat wave will send temperatures soaring across California and the U.S. West through the weekend, elevating power demand and raising the risk of health impacts. At least 26 daily records may be broken or tied across the West …
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Insurance Journal | May 29, 2025
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion at least moderate risk of sustaining damage from hurricane-force winds. The property data provider, formerly known …