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Tag: insurance-journal

The Fidelis Partnership Launches US SME Casualty Reinsurance MGA
Insurance Journal | July 1, 2026
The Fidelis Partnership Launches US SME Casualty Reinsurance MGA
Pine Walk, the specialist MGA platform of The Fidelis Partnership (TFP), announced the launch of Adroit Underwriting Ltd., a Bermuda-based managing general agent that is focused on US small-and-medium enterprise (SME) casualty reinsurance. Adroit aims to provide disciplined, data-driven reinsurance …
Iran Says Ship Ran Aground in ‘Unauthorized’ Hormuz Transit
Insurance Journal | July 1, 2026
Iran Says Ship Ran Aground in ‘Unauthorized’ Hormuz Transit
Iran said a foreign container ship ran aground while sailing through the Strait of Hormuz via an “unauthorized” route, repeating its warning that vessels should only transit the waterway in coordination with the Islamic Republic. The state TV report didn’t …
Insurer CEO Shooting Suspect Mangione’s Federal Trial Delayed Until After State Trial
Insurance Journal | July 1, 2026
Insurer CEO Shooting Suspect Mangione’s Federal Trial Delayed Until After State Trial
Luigi Mangione’s federal trial in the killing of UnitedHealthcare CEO Brian Thompson will now begin in January instead of the fall, a judge said Monday at a hearing that started late because Mangione got stuck in a courthouse elevator. U.S. …
People Moves: CRC Names Crotty to Lead Northeast Benefits Initiative
Insurance Journal | July 1, 2026
People Moves: CRC Names Crotty to Lead Northeast Benefits Initiative
CRC Benefits, a division of CRC Group headquartered in Dallas, Texas, hired Karen Crotty as a benefits sales executive to lead a new Northeast-focused department serving brokers in New Jersey, New York, Pennsylvania, and Maryland markets. Hired specifically for this …
Passenger Jet Reported Hitting Drone. Helicopter Had Near Miss Hours Later.
Insurance Journal | July 1, 2026
Passenger Jet Reported Hitting Drone. Helicopter Had Near Miss Hours Later.
A passenger jet reported striking a drone while approaching JFK International Airport on Monday, and just hours later, a helicopter pilot alerted a close call with a remote-control airplane near the same airport. The Federal Aviation Administration is investigating the …
UK Investors Sue Binance in London for £150 Million
Insurance Journal | July 1, 2026
UK Investors Sue Binance in London for £150 Million
Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorization. The claimants, some of whom said they had …
Climate Change Keeps Adding to the List of Uninsurable Assets, Allianz Executive Says
Insurance Journal | July 1, 2026
Climate Change Keeps Adding to the List of Uninsurable Assets, Allianz Executive Says
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as …
People Moves: Gerger Named CEO of Big I Illinois
Insurance Journal | July 1, 2026
People Moves: Gerger Named CEO of Big I Illinois
The board of directors of Big I Illinois named Brett Gerger CEO, effective July 1. Gerger, who has served as director of education and agency resources with Big I Illinois since 2019, succeeds Phil Lackman, who is retiring after 31 …
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers
Insurance Journal | July 1, 2026
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers
Ford Motor Co. took an unusually human approach to fixing its stubborn quality problems: It brought back what it calls “gray beard” engineers to help train younger staff and to reprogram the artificial intelligence tools that weren’t getting the job …
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict
Insurance Journal | July 1, 2026
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict
CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics. In rare public remarks on Tuesday, Ratcliffe promised to …