Category: Insurance Journal

Fire destroyed Miami Heat coach Erik Spoelstra’s home last week, with officials saying more than 20 units were dispatched in what became a frantic, futile effort to save the property. Nobody was in the home when the fire broke out, …

Florida insurers will no doubt remember the time more than two years ago when one of the largest plaintiffs’ law firms in the state gave notice that it was planning to file tens of thousands of claims lawsuits ahead of …

Insurance Journal’s Risky Future series is hosting the “AI Tools for MGAs” Demo Day, a series of free AI tool demos give viewers a rapid-fire experience of AI technology tools designed exclusively for managing general agencies. The latest online event …

The Missouri Department of Commerce and Insurance (DCI) sent a bulletin telling insurers that they should avoid non-renewals and cancellations for master policies issued to condominiums that experienced damage from severe storms this year. DCI sent out the addendum on …

Cornell University said it reached an agreement with the White House to restore about $250 million in federal funding, becoming the latest elite school to negotiate relief in response to the Trump administration’s campaign to remake higher education. The Ithaca, …

Onex Corp.’s top executive says the alternative asset manager is open to making further large bets on insurance companies following its move to team up with American International Group Inc. on a major deal. Toronto-based Onex and AIG agreed last …

California Attorney General Rob Bonta announced that California secured a $3.25 million settlement with a software maker for failing to protect students’ data. The settlement also involves two other states, amounting to a total of $5.1 million and injunctive terms …

Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide …

Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’s property and casualty business, oversees the …

The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could rapidly represent billions in …