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Water damage unrelated to weather is quietly driving up costs for American home insurers, with about one in every 60 insured homes filing a claim each year. Rising repair expenses, aging homes, stressed infrastructure, and extreme temperature changes are all making it harder for insurers to manage these losses using traditional methods. If insurance companies … Read more

The National Highway Traffic Safety Administration (NHTSA) is widening its investigation into a possible engine failure problem affecting about 286,000 General Motors vehicles in the United States. This move comes after numerous complaints continued even though GM had already issued a recall. The problem involves engine bearing failures in GM’s L87 6.2-liter engine. This engine … Read more

A tragic incident took place last Wednesday night at Meadowridge Academy, a residential therapeutic school in Swansea, Massachusetts, when a staff member died after being kicked in the chest by a 14-year-old student. The staff member, Amy Morrell, 53, from Riverside, Rhode Island, was attempting to restrain the student who was trying to leave a … Read more

The UK’s largest banks are preparing for another round of clashes with regulators over compensation for customers who were mis sold car loans. This comes even after the banks recently set aside an extra £1.5 billion to cover the costs of the ongoing scandal. Barclays revealed on Wednesday that it has increased its provision for … Read more

Artificial intelligence is becoming more common in life insurance underwriting, but the industry faces new challenges as it tries to balance technology with skilled workers. This is according to Pacific Life’s 2026 Underwriting Outlook Survey, which gathered input from over 100 insurance and underwriting leaders. The survey found that nearly half of these professionals are … Read more

The National Association of Mutual Insurance Companies (NAMIC) has urged U.S. lawmakers to focus on flood prevention as a way to lower insurance costs and make coverage more affordable for homeowners. In testimony delivered to the House Financial Services Subcommittee on Housing and Insurance, NAMIC emphasized the importance of federal support for projects like upgrading … Read more

Inszone Insurance Services is merging Trinidad Insurance Center into its existing office in Trinidad, Colorado, as part of a plan to grow its local presence. The move will combine the operations of the long-standing Trinidad Insurance Center with Inszone’s current branch in the area in the coming months. Trinidad Insurance Center, formerly known as Plant … Read more

Electric vehicle maker Rivian has agreed to pay $250 million to settle a class-action lawsuit from 2022. The lawsuit accused Rivian of misleading shareholders by hiding the fact that it initially underpriced its vehicles around the time it went public in 2021. Investors said the company’s later price hikes caught customers and the market off … Read more

Dallas Specialty Insurance Company, a new player in the specialty lines insurance market, has received strong ratings from AM Best, a leading insurance rating agency. The company, based in Dallas, Texas, was given a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent), with a stable outlook. Launched in … Read more

Chad Hemenway, National News Editor at Insurance Journal, has been covering the insurance industry since 2007. He reports on various topics including insurance trends, natural disasters, regulation, and litigation. Recently, Hemenway highlighted several important developments in the insurance world. One story covers ongoing efforts by advocacy groups pushing for a federal court rule that would … Read more