Insurance Journal News Feed

Insurance Journal news feed

1. Estonia Says Russia Detained Tanker in Baltic Sea

   Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident. The Liberia-flagged ship Green Admire was leaving Sillamae port using …

2. Captives to Remain Viable as Market Softens: RIMS Panel

   As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS RiskWorld conference …

3. Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware

   The head of the upstart Texas Stock Exchange said the state is making a serious play to reshape the US financial landscape, using new pro-business laws and a proposed ban on trading taxes to take on longtime power centers on …

4. Sedgwick: Number of Recalled Products in US Rose 25% in First Quarter

   The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls …

5. Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?

   Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers …