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Tag: insurance-journal

Court Pauses California Law Requiring Companies to Report Climate-Related Financial Risk
Insurance Journal | November 20, 2025
Court Pauses California Law Requiring Companies to Report Climate-Related Financial Risk
A U.S. appeals court paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially. Another new law requiring major companies to annually disclose their …
Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
Insurance Journal | November 20, 2025
Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
The Arctic cold snap hitting Europe this week will be a test for thousands of Polish families that in recent years replaced coal furnaces with solar panels and heat pumps to heat their homes. Temperatures are expected to drop to …
Major Music Labels Strike Deals With New AI Streaming Service
Insurance Journal | November 20, 2025
Major Music Labels Strike Deals With New AI Streaming Service
The world’s largest music companies have licensed their works to a music startup called Klay, which is building a streaming service that will allow users to remake songs using artificial intelligence tools. Klay is the first music AI service to …
Karen Read Claims ‘Gross Misconduct’ by State Police Shielded Real Killers
Insurance Journal | November 20, 2025
Karen Read Claims ‘Gross Misconduct’ by State Police Shielded Real Killers
Karen Read, who was found not guilty of charges in the death of her boyfriend, has filed a lawsuit accusing members of the Massachusetts State Police and several others of targeting her and shielding the real killers. Read walked out …
Australia Banking Regulator Warns on Elevated Risks From Abroad
Insurance Journal | November 20, 2025
Australia Banking Regulator Warns on Elevated Risks From Abroad
Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator. While the country is well-placed to absorb potential shocks, the resilience could be eroded if institutions …
Former New China Life Insurance Chair Gets Suspended Death Sentence for Corruption
Insurance Journal | November 20, 2025
Former New China Life Insurance Chair Gets Suspended Death Sentence for Corruption
The former chairman of New China Life Insurance, Li Quan, was sentenced to death with a two-year reprieve on corruption charges by a court in the Chinese province of Shandong, national broadcaster CCTV reported on Wednesday. Li’s case adds to …
Missouri to See Small Increase in Workers’ Comp Rates in 2026
Insurance Journal | November 20, 2025
Missouri to See Small Increase in Workers’ Comp Rates in 2026
The Missouri Department of Commerce and Insurance (DCI) announced that workers’ compensation rates will increase slightly for employers for 2026. The National Council on Compensation Insurance (NCCI) proposed a slight 1.3% increase for 2026 workers’ compensation loss costs, marking only …
People Moves: The McGowan Companies Appoints Pitonyak as VP of National Programs
Insurance Journal | November 20, 2025
People Moves: The McGowan Companies Appoints Pitonyak as VP of National Programs
The McGowan Companies, headquartered in Fairview Park, Ohio, appointed Lauren Pitonyak as vice president of national programs. Pitonyak has over 14 years of experience in the insurance industry. From 2011 to 2019, she served at Aon Affinity in Hatboro, Pennsylvania, …
Texas Hemp Regulation Proceeds Despite Federal Restriction
Insurance Journal | November 20, 2025
Texas Hemp Regulation Proceeds Despite Federal Restriction
The Texas Alcoholic Beverage Commission moved forward on Tuesday with its efforts to regulate the sale of consumable hemp products as questions swirled around the future of the industry due to federal restrictions on the products approved by Congress last …
Louisiana Commissioner Approves Rate Decreases for About 12K Allstate Auto Policies
Insurance Journal | November 20, 2025
Louisiana Commissioner Approves Rate Decreases for About 12K Allstate Auto Policies
Approximately 12,000 Louisiana Allstate customers will soon see a decrease in their auto insurance premiums. Louisiana Insurance Commissioner Tim Temple announced last week he has approved rate decreases for two Allstate subsidiaries. Temple approved Allstate North American Insurance Company’s (ANAIC) …