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Tag: insurance-journal

Mexico Seeks to Impose Tariffs on Auto, Manufacturing Imports
Insurance Journal | September 9, 2025
Mexico Seeks to Impose Tariffs on Auto, Manufacturing Imports
Mexico’s government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday. The move would also bring an additional 70 billion pesos …
Santa Monica Weighs Fiscal Distress Vote Amid Sex Abuse Settlements
Insurance Journal | September 9, 2025
Santa Monica Weighs Fiscal Distress Vote Amid Sex Abuse Settlements
Santa Monica, California officials are voting on whether to adopt a resolution declaring fiscal distress, as mounting sexual abuse settlements have destabilized the city’s finances, echoing strains that have already pushed other local governments deeper into debt. A report prepared …
Former California Insurance Commissioner Carries on Climate Change Crusade
Insurance Journal | September 9, 2025
Former California Insurance Commissioner Carries on Climate Change Crusade
When Dave Jones first started talking about climate change and what insurers should be doing about it some 15 years ago, the response could be thought of as something akin to a collective shrug. There wasn’t much to say. Insurance …
Private Equity Firm Bain Capital to Buy UK Insurance Intermediary Jensten Group
Insurance Journal | September 1, 2025
Private Equity Firm Bain Capital to Buy UK Insurance Intermediary Jensten Group
Bain Capital, the private investment firm, announced it has signed a definitive agreement to acquire Jensten Group, the UK-based commercial insurance distribution platform, from Livingbridge, a UK mid-market private equity investor. The investment is being made by the dedicated insurance …
Uber, Lyft Drop Opposition to California Driver Union Bill
Insurance Journal | August 29, 2025
Uber, Lyft Drop Opposition to California Driver Union Bill
Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on insurance costs. Legislative …
France and Germany Reject Trump’s Threats on EU Tech Legislation
Insurance Journal | August 29, 2025
France and Germany Reject Trump’s Threats on EU Tech Legislation
France and Germany on Friday defended Europe’s right to adopt its own legislation on technology after U.S. President Donald Trump criticized European rules on digital services, saying any U.S. coercion would be met with retaliation. Trump on Monday threatened to …
Katrina’s Legacy: Louisiana Fortifies Itself Against the Next Storm
Insurance Journal | August 29, 2025
Katrina’s Legacy: Louisiana Fortifies Itself Against the Next Storm
When Hurricane Katrina made landfall in southern Louisiana 20 years ago, the region was ill-prepared for the 125 mph winds and catastrophic flooding that would follow. Louisiana, like the rest of the United States, was still adopting modern international building …
US Farmers Are Pulling Back on Spending in Threat to Rural Economy
Insurance Journal | August 29, 2025
US Farmers Are Pulling Back on Spending in Threat to Rural Economy
Sunny skies and mild temperatures this week greeted the biggest US farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector. The market for …
AM Best Maintains Under Review With Negative Implications Status for UNAIC
Insurance Journal | August 20, 2025
AM Best Maintains Under Review With Negative Implications Status for UNAIC
AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal North America Insurance Company (UNAIC) based in Arlington, Texas. The …
People Moves: Texas Mutual Elects Cogan to Board of Directors
Insurance Journal | August 20, 2025
People Moves: Texas Mutual Elects Cogan to Board of Directors
Doug Cogan, of Cypress, Texas, has been elected to the Texas Mutual Insurance Company board of directors. He was elected at the company’s annual policyholder meeting. Cogan’s board terms for Texas Mutual, the state’s leading provider of workers’ compensation insurance, …