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News Archives - Insurance Journal
Central Texas Floods Highlight State’s Risky Profile, Triple-I Analysis Finds
The catastrophic floods in central Texas on July 4th occurred in an area where fewer than 3% of homeowners have flood insurance through the National Flood Insurance Program, serving as another example of why Texas has one of the highest …
POSTED JULY 16, 2025 7:00 AM |
USDA Margin Coverage Option for Row Crops Available in Select States
The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced this month it is introducing a new margin coverage option as a crop insurance endorsement for corn, cotton, grain sorghum, rice, soybeans and spring wheat in select states for …
POSTED JULY 16, 2025 6:00 AM |
U. of Michigan Faces Federal Scrutiny Over Chinese Scientists’ Smuggling of Biological Materials
The University of Michigan is under federal scrutiny after two Chinese scientists linked to the school were separately charged with smuggling biological materials into the United States. The Education Department on Tuesday opened an investigation into the university’s foreign funding, …
POSTED JULY 16, 2025 6:00 AM |
US Farm Agency Ends Program to Support Small Businesses
The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald …
POSTED JULY 16, 2025 5:31 AM |
New Book Proposes Four-Prong Legal Strategy to Negate Nuclear Verdicts
Leaders at one of the largest national insurance defense firms believe they have identified the causes of nuclear verdicts—and developed a comprehensive litigation strategy that negates them. A new book about that strategy and the data behind it will be …
POSTED JULY 16, 2025 5:24 AM |
ECB Stress Test to Ask Banks Which Geopolitical Risks Would Hurt
The European Central Bank’s next stress test will ask lenders to come up with hypothetical situations in which risks like trade disruptions or wars could hit their financial strength. The exam next year will “assess which firm-specific geopolitical risk scenarios …
POSTED JULY 16, 2025 5:15 AM |
Helvetia, Baloise Said To Tap McKinsey For Merger Help
Helvetia Holding AG and Baloise Holding AG hired strategy consultant McKinsey for advice on Europe’s biggest insurance deal this year, according to people familiar with the matter. McKinsey is set to earn tens of millions of Swiss francs from the …
POSTED JULY 16, 2025 5:10 AM |
Viewpoint: US Life Reinsurance Driven by Insurers Seeking Growth, Capital Optimization
Strategic partnerships between re/insurers and alternative investment managers, the use of offshore platforms, and a fourth consecutive record year of annuity sales led to continued reinsurance growth in the U.S. in 2024. Fitch Ratings expects the prevalence of offshore reinsurance …
POSTED JULY 16, 2025 5:05 AM |
Florida County Leads With High-Tech 911 Emergency Response System
NAPLES, Fla. (AP) — When an emergency happens in Collier County, Florida, the 911 calls go to one of the most high-tech communications centers in the U.S., where callers can send text and video from the scene to dispatchers. Moving …
POSTED JULY 16, 2025 5:00 AM |
Massachusetts Assisted Living Home Had Been Cited for Late Safety Reports
A Massachusetts assisted-living center where nine residents died in a fire was cited for failing to immediately report more than two dozen health and safety incidents, according to regulators’ most recent review of the facility. Five men and four women …
POSTED JULY 16, 2025 5:00 AM |
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