Insurance Journal

Insurance Journal is a highly respected name in the property and casualty insurance sector. We offer top-notch editorial content that has received multiple awards, along with the latest news, exclusive video interviews, and additional resources - accessible in print, online, and on mobile devices. Our platform also features various tools and resources designed specifically for industry professionals.

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Trump Tariff Worries Spur Record Overseas Demand for Japanese Government Bonds

3 days ago | insurancejournal.com | Kevin Buckland

The longest-dated Japanese government bonds attracted record foreign demand last month as money shifted out of U.S. debt in search of other safe havens as President Donald Trump’s aggressive tariffs sparked concerns of a U.S. recession.
Florida Bill Advances, Would End Board of Engineering, Other Professional Agencies

3 days ago | insurancejournal.com | William Rabb

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals. House Bill 1461, approved by a House Budget Committee subcommittee last week, also would drop some continuing education requirements for licensees.
Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors

6 days ago | insurancejournal.com | Claire Savage |Alexandra Olson

A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afoul of anti-discrimination laws until further order from the court.
USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations

6 days ago | insurancejournal.com | William Rabb

USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career at USI as an intern and rose to lead a team of account executives, breached non-compete agreements and brought three USI salespeople with her when she jumped ship to Lockton last year, the federal lawsuit contends.
Coal Country Voices Say Closure of MSHA Offices Endanger Mine Safety

1 week ago | insurancejournal.com | John Raby |Leah Willingham

CHARLESTON, W.Va. (AP) — Retired coal miner Stanley “Goose” Stewart questions whether it’s safe for anyone to work in the industry right now. The Department of Government Efficiency, created by President Donald Trump and run by Elon Musk, has been targeting federal agencies for spending cuts. That includes terminating leases for three dozen offices in the Mine Safety and Health Administration, the agency responsible for enforcing mine safety laws.
FEMA Denies Washington State Disaster Relief From Bomb Cyclone, Governor Says

1 week ago | insurancejournal.com | Lisa Baumann

The Federal Emergency Management Agency has denied Washington state’s request for emergency relief funds to help repair an estimated $34 million in damage from a deadly bomb cyclone storm system in November, according to Gov. Bob Ferguson. Ferguson said in a news release on Monday that the state’s January application for assistance was denied in a letter he received on Friday. The state’s application had met all of the criteria necessary to qualify, he said.
Florida’s Anchor Insurance is Reborn as Patriot Select With $29M in Capital

1 week ago | insurancejournal.com | William Rabb

It was once known as Anchor Property & Casualty Insurance Co., based in St. Petersburg, Florida, and launched in 2014. Then it was known as another Florida carrier that had slipped into financial troubles and was placed into an orderly runoff during the height of the claims litigation crisis. Today, it has been born again as Patriot Select Property and Casualty Insurance, the latest entry (or re-entry) into the reformed Florida market.
NC Committee Approves Bill to End Education Requirements for Insurance Agents

1 week ago | insurancejournal.com | William Rabb

A North Carolina House of Representatives committee voted Wednesday to do away with educational course requirements for insurance agent licenses, a move that could help address what has been called a shortage of producers in the state. “It’s a 40-hour course. I had to take a week off work to take the course when I got my license,” said Rep. Chris Humphrey, the bill’s sponsor and co-chair of the House Insurance Committee.
Tesla Slumps Below 50% Share of California’s Electric Car Market

1 week ago | insurancejournal.com | Kara Carlson |Dana Hull

Tesla Inc. is no longer selling the majority of new electric cars registered in California, the state that accounts for almost a third of all zero-emission vehicle purchases in the US. The company’s share of EV sales in the state fell to 43.9% in the first quarter, from 55.5% a year ago, the California New Car Dealers Association said Wednesday. Whereas Tesla registrations dropped 15%, sales of all other EVs increased 35% early this year.
Group Sues California Department of Insurance Over FAIR Plan Surcharges

1 week ago | insurancejournal.com | Allen Laman

A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills.