Category: Insurance Journal

Connecticut’s insurance regulator has approved an industry filing that will lower workers’ compensation rates beginning January 1, 2026. The new voluntary market rates will reflect an average 3.8% decrease in loss costs. The rate for assigned risk will fall an …

Insured losses from Hurricane Melissa’s strike on Jamaica are expected to range between $2.2 billion and $4.2 billion, according to estimates from data analytics firm Verisk. The Category 5 hurricane made landfall in southwestern Jamaica last week, the Caribbean nation’s …

The death toll in Vietnam from last week’s record-breaking downpours has climbed to 37 as another powerful storm bears down on the country’s coast and floodwaters rise again in some tourism hubs. The national weather agency warned that river levels …

The Paris prosecutor said Saturday two new suspects were handed preliminary charges for their alleged involvement in the crown jewels heist at the Louvre museum, three days after they were arrested by police as part of the sweeping investigation. Laure …

AXA XL announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats. Available by endorsement to AXA XL’s cyber insurance coverage, …

H.W. Kaufman Group Makes Promotions Across Executive and North American Teams H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 16 members of its executive and North American teams to new roles. The announcement follows the 2025 Kaufman Leadership Meeting …

Jamaica’s catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said. “Over the next few weeks we’ll get more details into what the payout is,” Dana Morris Dixon, minister of education, skills, youth …

Within days of Donald Trump announcing his sweeping “Liberation Day” tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the U.S. president. “I’m not willing to allow politicians to destroy what we have built …

Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34% at Chief Executive Officer Warren Buffett’s conglomerate. That figure hit $13.5 billion, as the firm’s insurance underwriting profit more …

Allan Bryant scans the sky as he watches over a minutes-old calf huddled under a tree line with its mother. After a few failed tries, the calf stands on wobbly legs for the first time, looking to nurse. Above, a …