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News Archives - Insurance Journal

Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies
Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …

POSTED NOVEMBER 24, 2025 3:50 PM
Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region
Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …

POSTED NOVEMBER 24, 2025 2:56 PM
COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding
United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …

POSTED NOVEMBER 24, 2025 2:31 PM
AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus
American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …

POSTED NOVEMBER 24, 2025 2:30 PM
Farmers Eliminating Homeowners Insurance Policy Cap in California
Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …

POSTED NOVEMBER 24, 2025 2:07 PM
Florida Republicans Oppose Trump Offshore Oil Leasing Plan
Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drillingin waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on Thursday …

POSTED NOVEMBER 24, 2025 1:49 PM
Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets
Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, …

POSTED NOVEMBER 24, 2025 1:30 PM
North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield
A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …

POSTED NOVEMBER 24, 2025 1:22 PM
Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137
Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the country. The containers …

POSTED NOVEMBER 24, 2025 12:56 PM
Ozempic Users in Denmark Win Eye-Disease Payout
Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,000), though that figure may rise if …

POSTED NOVEMBER 24, 2025 12:32 PM

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