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News Archives - Insurance Journal
AM Best Revises Outlook to Positive for Minnesota’s RAM Mutual Insurance
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) based in Esko, Minnesota. The Credit …
POSTED OCTOBER 05, 2026 10:00 AM |
Union Pacific Railroad Fined $304K for Firing Employee During Severe Weather
A U.S. Department of Labor Occupational Safety and Health Administration whistleblower investigation has concluded that Union Pacific Railroad Co. violated the Federal Railroad Safety Act by removing from service and later terminating a North Little Rock, Arkansas yardman who notified …
POSTED OCTOBER 05, 2026 9:30 AM |
Hackers Breached Propulsion System of US-Bound Oil Tanker
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that …
POSTED OCTOBER 05, 2026 9:00 AM |
Marsh Completes Acquisition of Iowa’s Accel Holdings
Marsh has completed its previously announced agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed. With the acquisition now closed, …
POSTED OCTOBER 05, 2026 8:00 AM |
People Moves: Texas Mutual Names Grube as VP of Austin Operations
Texas Mutual Insurance Company recently promoted John Grube to vice president of regional operations for Texas Mutual’s Austin region, effective May 2026. In this new role, Grube will direct and coordinate all regional office operations, including underwriting, claims, safety services, …
POSTED OCTOBER 05, 2026 8:00 AM |
Trump Names Intelligence Chief Clayton as AI Czar, to Head Task Force
US President Donald Trump said on Sunday he had named Director of National Intelligence Jay Clayton the administration’s AI czar, tasking him with coordinating the federal government’s efforts to maintain US leadership in the technology. Trump, who has pushed to …
POSTED OCTOBER 05, 2026 5:16 AM |
Hackers Breached Propulsion System of US-Bound Oil Tanker
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that …
POSTED OCTOBER 05, 2026 5:11 AM |
Sedgwick: Property Claims Face Delays, Are Growing More Complex
Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also shows claims costs are under pressure. Several factors are putting …
POSTED OCTOBER 05, 2026 5:11 AM |
Prime London Homes Are Increasingly on Frontlines of Extreme Weather
More than a decade into a downturn caused by tax hikes, economic and political shocks, London’s high-end housing market has a new villain to contend with — intractable heat and flood risks. The assessment comes from Prime Purchase, the branch …
POSTED OCTOBER 05, 2026 5:10 AM |
Gronkowski Now Pitchman for eMaxx, a Reciprocal With a Different Playbook
Rob Gronkowski, the star former pro football player and pitchman for USAA insurance, will now call audibles for eMaxx Assurance Group, a Tampa-headquartered provider of a new type of risk-managed, captive-based commercial insurance. “The Gronkowski and the McCarthy families have …
POSTED OCTOBER 05, 2026 5:03 AM |
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