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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for shareholders that resurrected the South African lender from its collapsed former parent. The firm’s unusual owners, which includes the South …
  2. Norsk Hydro, one of the world’s largest aluminum producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company to shut …
  3. A cyclone that tore across southern Africa this month may have destroyed more than $1 billion of infrastructure, the United Nations said, as the death toll from the storm climbed to more than 700. After devastating Mozambique’s port city of …
  4. The U.K. Parliament seized control of the Brexit process from Prime Minister Theresa May and will now seek to decide how Britain exits the European Union. In a vote late Monday, the House of Commons split 329 to 302 to …
  5. French activist fund CIAM will ask reinsurance company SCOR’s CEO Denis Kessler to surrender the chairmanship of the company’s board after he thwarted a takeover attempt earlier this year. CIAM, which has just under one percent of SCOR, will ask …
  6. SBJW Insurance in Quincy, Illinois, has joined Valley Insurance Agency Alliance (VIAA), a cohesive family of over 120 independent insurance agencies in Missouri and Illinois. SBJW Insurance was founded in 2019 by owner Sara Bruns, who has more than 15 …
  7. Gov. Kristi Noem has signed legislation that requires “fake meat” products to be correctly labeled, hoping to reduce the impact of lab-cultured products on the local beef market. A product is misbranded if it intentionally labels products in a false, …
  8. A Tennessee woman says Vanderbilt University Medical Center operated on the wrong kidney during her surgery in what federal officials call a “never event.” The Tennessean reports Carla Miller says the error damaged her urinary system and she now needs …