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Tag: insurance-journal

UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
Insurance Journal | July 1, 2025
UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
The Ardonagh Group, the London-based independent insurance distribution platform, announced the completion of a $2.5 billion equity investment led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment, which valued the group at $14 …
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
Insurance Journal | July 1, 2025
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at …
Supreme Court Dealt Blows to EPA and Environmental Protections
Insurance Journal | July 1, 2025
Supreme Court Dealt Blows to EPA and Environmental Protections
The U.S. Supreme Court delivered setbacks to environmental interests in a series of recent rulings including by further restricting the Environmental Protection Agency’s authority and relaxing requirements for environmental impact studies for proposed projects. While cases involving President Donald Trump‘s …
Truckers Fear Job Loss as New English Language Rules Take Effect
Insurance Journal | July 1, 2025
Truckers Fear Job Loss as New English Language Rules Take Effect
At a trucking school in New Jersey, students are maneuvering 18-wheelers around traffic cones. Other future drivers look under hoods to perform safety checks, narrating as they examine steering hoses for cracks and leaks. An instructor glides between speaking Spanish …
WCIRB: Losses And Expenses in California Workers’ Comp Last Year 108% of Earned Premium
Insurance Journal | July 1, 2025
WCIRB: Losses And Expenses in California Workers’ Comp Last Year 108% of Earned Premium
Total losses and expenses in California’s workers’ compensation system incurred in 2024 were $16.7 billion, or 108% percent of earned premium, a report out today shows. The Workers’ Compensation Insurance Rating Bureau of California released the 2024 California Workers’ Compensation …
Senate Strikes AI Regulation Ban From Trump Megabill
Insurance Journal | July 1, 2025
Senate Strikes AI Regulation Ban From Trump Megabill
The Republican-led U.S. Senate voted overwhelmingly on Tuesday to remove a 10-year federal moratorium on state regulation of artificial intelligence from President Trump’s sweeping tax-cut and spending bill. Lawmakers voted 99-1 to strike the ban from the bill by adopting …
Homes Are Taking Longer to Sell in US Markets That Once Flourished
Insurance Journal | July 1, 2025
Homes Are Taking Longer to Sell in US Markets That Once Flourished
A buildup of unsold houses sitting on the market for weeks is becoming a new reality in once-booming housing areas across the Sun Belt. Real estate agents in the South and Southwest say they’re seeing more people list homes, giving …
New Hampshire to Offer Mobile Driver’s Licenses
Insurance Journal | July 1, 2025
New Hampshire to Offer Mobile Driver’s Licenses
New Hampshire residents will soon be able to carry an electronic version of their driver’s license in their cell phones or other devices, although they will still have to also keep a physical license on their person while driving. Legislation …
Howden Re Names Elliot Richardson Executive Chair as Rod Fox Steps Down
Insurance Journal | July 1, 2025
Howden Re Names Elliot Richardson Executive Chair as Rod Fox Steps Down
Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced that Rod Fox is stepping down as executive chairman and is leaving the business. He is succeeded by Elliot Richardson, who steps into the role with …
Severe Heatwave Grips Europe – Spurring Health Alerts, Raising Risk of Field Fires
Insurance Journal | July 1, 2025
Severe Heatwave Grips Europe – Spurring Health Alerts, Raising Risk of Field Fires
More than a thousand schools were closed in France on Tuesday and the top floor of the Eiffel Tower was shut to tourists as a severe heatwave continued to grip Europe, triggering health alerts across the region. The Mediterranean Sea …