Insurance Journal

2 days ago | insurancejournal.com | Gilles Guillaume |Makini Brice

France is ordering an extra 800,000 cars with Takata airbags to be taken off the road, two weeks after a woman died in the northeastern town of Reims from injuries related to a faulty airbag. The move is the latest twist in the auto industry’s biggest-ever product recall, eight years after the company at the center of the crisis – Japan’s Takata Corp – filed for bankruptcy protection in the United States and Japan.

2 days ago | insurancejournal.com | Susanne Sclafane

A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double digits in both years, the jumps paled in comparison to a 32.3% rate of growth recorded in 2021, according to the S&P GMI “2025 U.S. Excess & Surplus Market Report” published earlier this month.

3 days ago | insurancejournal.com | Mihir Mishra

India’s aviation safety regulator found multiple aircraft-maintenance lapses in an audit of airlines and airports ordered after the crash of Air India flight AI171, including recurring defects that indicate inadequate monitoring and correction.

4 days ago | insurancejournal.com | Kayla Guo |Alejandro Serrano

Lt. Gov. Dan Patrick, the powerful head of the Texas Senate, sharply rebuked Gov. Greg Abbott on Monday for vetoing his top legislative priority — a ban on all THC products — and dug in his heels against the governor’s call for lawmakers to instead place firmer regulations on the hemp industry. In vetoing Senate Bill 3 just before midnight Sunday, Abbott argued that the measure would have faced “valid constitutional challenges” that would have kept it tied up in court for years.

4 days ago | insurancejournal.com | Andrew Simpson

Erie Insurance reports it has made progress in reconnecting several business systems and applications as it continues to recover from a network outage that is now 17 days old. The insurer said the network and system outage it initiated on June 7 helped contain a threat.