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Tag: insurance-journal

Former County Employee Pleads Guilty to Embezzling From Labor Union
Insurance Journal | January 20, 2026
Former County Employee Pleads Guilty to Embezzling From Labor Union
A former Massachusetts county employee pleaded guilty yesterday in federal court in Boston to embezzling from a Barnstable County employee labor union. Kenneth Mattoon, of West Yarmouth, pleaded guilty to embezzlement of labor union assets. According to prosecutors, Mattoon admitted …
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
Insurance Journal | January 20, 2026
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
The nation’s insurance commissioners and industry trade associations are looking to support efforts to put the Federal Insurance Office (FIO) back on the chopping block. Late last week, Rep. Troy Downing, R-Mont., introduced the McCarran-Ferguson Restoration Act to eliminate the …
Dozens Killed After High-Speed Train Derails in Spain
Insurance Journal | January 20, 2026
Dozens Killed After High-Speed Train Derails in Spain
More than three dozen people died in Spain after a high-speed train derailed and hit another coming from the opposite direction. Prime Minister Pedro Sánchez canceled his trip to Davos and declared three days of mourning. The last two carriages …
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers say
Insurance Journal | January 20, 2026
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers say
Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilizing markets, a cross‑party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach. In …
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse
Insurance Journal | January 20, 2026
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse
BHP was on Monday refused permission to appeal against a ruling that it is liable for the 2015 collapse of a dam in southeastern Brazil, in a London lawsuit potentially worth tens of billions of pounds. In November, London’s High …
Supreme Court to Hear Bayer’s Bid to Curb Roundup Cases
Insurance Journal | January 20, 2026
Supreme Court to Hear Bayer’s Bid to Curb Roundup Cases
The U.S. Supreme Court agreed on Friday to hear Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. The justices took up Bayer’s appeal of a lower …
Florida OIR Triples the Size of Citizens’ Rate Decrease
Insurance Journal | January 20, 2026
Florida OIR Triples the Size of Citizens’ Rate Decrease
With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens’ Property Insurance Corp. recent rate decrease request. The Florida Office of Insurance …
Florida Insurance Law Cert Closer to Approval; Coverage College Set for March
Insurance Journal | January 20, 2026
Florida Insurance Law Cert Closer to Approval; Coverage College Set for March
Bona fide expertise in Florida property insurance law is inching closer to reality, with new rules and new education initiatives. The Florida Bar’s Board of Governors in September approved proposed rules for a certification in insurance coverage law, and a …
Insurica Acquires Florida-Based First Light Program Managers
Insurance Journal | January 20, 2026
Insurica Acquires Florida-Based First Light Program Managers
Insurica, one of the largest U.S. brokerages, announced it has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. The acquisition, effective this month, is the largest in the 67-year history …
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC
Insurance Journal | January 20, 2026
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC
American International Group (AIG) announced a strategic partnership with global private markets firm CVC. The partnership, announced Jan. 19, includes the establishment of large-scale separately managed accounts (SMAs) across CVC’s credit strategies, for which AIG will allocate up to $2 …