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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. Insurers can no longer put off addressing the impact of climate change on their underwriting, pricing, and investment decisions, as well as their bottom lines, a recent analysis from Deloitte asserts. “The escalating frequency and severity of extreme weather-related events …
  2. The Senate (74-20) has approved a continuing resolution providing for an extension of government funding including the federal flood insurance program until Dec. 20. The House had previously passed the spending bill. It now goes to President Donald Trump for …
  3. Top U.S. House Democrats have called for a federal review of the Keystone pipeline and the agency that regulates it in the wake of 383,000-gallon (1.4-million-liter) spill in northeastern North Dakota, the latest of three spills along the line in …
  4. The Oklahoma Supreme Court has ruled that cities may approve some regulations of the medical marijuana industry. The court has dismissed an appeal by the city of Broken Arrow in a case filed by marijuana grower Austin Miller. Miller said …
  5. Artex Risk Solutions Inc., a captive and alternative risk transfer specialist subsidiary of Rolling Meadows, Illinois-based global insurance brokerage, risk management and consulting services firm, Arthur J. Gallagher & Co., has acquired EWI Re Inc., headquartered in Dallas. Terms of …
  6. Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its …
  7. Accel Wealth Management LLC, a financial services division of Accel Holdings Inc., has acquired Premier Advisors LLC, an independent financial management consulting firm located in Cedar Rapids, Iowa. The Accel Group, an independent insurance agency, has offices in Cedar Falls, …
  8. The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans to reorganize its international businesses operating within MSI, said AM Best. Under …