Insurance Journal News Feed

Insurance Journal news feed

1. Insurer USAA Expands Presence in Virginia With Purchase of Building

   Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs to the …

2. People Moves: Beazley Taps Swiss Re’s Wunderlich as Head of Parametric Insurance; QBE Promotes Browne to UK Casualty Director

   This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to Richard Montminy, group head of …

3. New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

   Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …

4. California, 10 Other States Sue to Block Trump From Killing 2035 EV Rules

   A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approved by …

5. European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk

   When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …