News Center
News Archives - Insurance Journal
Markets/Coverages: Mosaic Raises Cyber Capacity to US$25M in Canadian Market
Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories. The increase more than doubles Mosaic’s previous limit …
POSTED DECEMBER 23, 2025 5:35 PM |
Hawaii Building Fires Are on the Rise and Safety Inspections Aren’t Keeping Up
Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires in Hilo on Hawaii island in October and November in …
POSTED DECEMBER 23, 2025 5:18 PM |
Breaking: Senators Launch Probe Into Demotech’s Ratings in Florida
Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent …
POSTED DECEMBER 23, 2025 5:13 PM |
AM Best Places Jet Insurance Ratings Under Review Following Acquisition
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Jet by Amherst Specialty …
POSTED DECEMBER 23, 2025 5:05 PM |
50% Rule: TN Supreme Court Finds Driver Due Knee Replacement Despite Arthritis
It’s an age-old question that continues to come up for workers’ compensation insurers around the country: When is an injury an aggravation of an existing condition, and when is it compensable, perhaps requiring expensive surgery and more? The Tennessee Supreme …
POSTED DECEMBER 23, 2025 4:53 PM |
Alabama, NC Set Hearings on Proposed Capital Requirements, Dwelling Rate Increase
Regulators in two Southeastern states will hold hearings early next year, one on a proposed steep dwelling insurance rate increase in North Carolina, and another on new capital requirements for insurers in Alabama. The Alabama Department of Insurance scheduled a …
POSTED DECEMBER 23, 2025 3:43 PM |
People Moves: CRC Adds Duff, Gallien, Jr. to Specialty Team
CRC Group, an independent wholesale specialty insurance distributor, announced additions to its expanding CRC Specialty division. Matthew Duff has joined in Little Rock as an underwriting team leader, bringing over a decade of experience in homeowners, personal lines, and excess …
POSTED DECEMBER 23, 2025 3:35 PM |
Michigan Regulators Approve State’s First Hyperscale Data Center
Despite criticism that they were acting too fast, state utility regulators last week approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ratepayers from …
POSTED DECEMBER 23, 2025 3:28 PM |
China’s Kuaishou Shares Fall to Near Five-Week Low After Livestreaming Cyberattack
Shares of Kuaishou dropped by as much as 6% on Tuesday to HK$62.70 ($8.06), their lowest since November 21, after the Chinese short video platform was hit by a cyberattack on Monday night. The stock is set for its biggest …
POSTED DECEMBER 23, 2025 1:35 PM |
J&J Vows Appeal After Jury Hits it With $1.5B Talc Cancer Award
A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Jurors in …
POSTED DECEMBER 23, 2025 12:03 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Opulent Insurance Agency - Template confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|