Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the reinsurance and advisory arm of Howden. While rate moderation continued and reinsurers’ appetite expanded, …
Category: Insurance Journal
Skechers Shareholder Sues Footwear Maker for Details on $9.4B 3G Buyout
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” According to a …
New England Patriots to Pay $2.1 Million to Settle App Users’ Privacy Claims
A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without their permission while …
Johnson & Johnson to Acquire Indemnity Excess & Surplus Agency Inc.
CHARLESTON, SC., June 02, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Indemnity Excess & Surplus Agency Inc (IES). The parties completed the transaction effective June 1, 2025. Based in …
Keeping a Pulse on Agency Performance with EZLynx Reporting and Analytics
This post is part of a series sponsored by EZLynx. Performance data is one of the most powerful tools an independent agency can use to stay competitive—but only when it’s timely and easy to understand. Outdated spreadsheets, static end-of-month reports, …
Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise
Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast guard …
Highways Baking at 158F Signal a Red-Hot Summer From China to the US
In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for tourists. Weeks before …
European Utilities Rush to Hedge Against Acute Wind Drought
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought …
When a Neighborhood Floods, Foreclosures Often Follow
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …