News Center
News Archives - Insurance Journal
Illinois Launches Cover Crop Insurance Savings Program for 2027
The Illinois Department of Agriculture (IDOA) is offering its insurance discount program for cover crops for the eighth year. The program, called Fall Covers for Spring Savings Program, encourages cover crop acres not supported by other state or federal incentives. …
POSTED OCTOBER 14, 2026 2:23 PM |
Shipping, Insurance Costs for Energy Flows Surge, OPEC, non-OPEC Ministers Say
Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels – over one third of the commodity value, impeding efficient movement …
POSTED OCTOBER 14, 2026 2:13 PM |
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
Kroger Co. plans to cut more than one-third of its corporate headcount as the grocer seeks to simplify operations and compete more effectively under new Chief Executive Officer Greg Foran. The Cincinnati-based company will eliminate about 3,000 roles across various …
POSTED OCTOBER 14, 2026 2:04 PM |
Business Interruption Claims Approach $1M Average, Says Allianz
The average cost of a business interruption claim is nearing $1 million, an upward trend that appears to have several causes. A new report shows BI losses are being pushed up by natural catastrophes, growing risk in supply chains, rising …
POSTED OCTOBER 14, 2026 1:49 PM |
Europe’s Insurers Cut Coverage of Weather Losses, Report Says
Insurers are withdrawing coverage for climate-driven risks and increasingly passing on losses to governments and homeowners, according to a report published by UK-based nonprofit Inside Track. The warning adds to concerns voiced publicly by others in the industry. Last month, …
POSTED OCTOBER 14, 2026 1:30 PM |
Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in India’s rapidly growing financial services sector. Fairfax Financial will own 60.72% …
POSTED OCTOBER 14, 2026 1:14 PM |
IMF, World Bank Launch ‘Bangkok Blueprint’ to Fight Cyber Fraud
The International Monetary Fund and World Bank on Oct. 14 released a framework for tackling cyber-enabled fraud, as the Thai government underlined the mounting cost of online scams that have roiled the region. The framework, known as the Bangkok Blueprint …
POSTED OCTOBER 14, 2026 1:05 PM |
Missouri Sues E-Commerce Giant Temu Over Aggressive Data Collection Practices
Missouri Attorney General Catherine Hanaway has filed a suit against Temu, an e-commerce platform based largely in China, alleging the company uses aggressive and misleading data collection practices that harm Missouri residents’ privacy. Temu incorporates misleading pricing, false statements about …
POSTED OCTOBER 14, 2026 12:32 PM |
Frankenmuth Now Writing Commercial Insurance in Virginia
Super regional carrier Frankenmuth Insurance announced that it began expanding into Virginia late last year. Frankenmuth is now writing all commercial insurance lines for small businesses, mid-sized companies, and large commercial accounts in the state, through a select group of …
POSTED OCTOBER 14, 2026 12:27 PM |
Porch to Acquire Allied Trust in $200M Deal
Porch Insurance Group announced it has entered into a definitive agreement to acquire Allied Trust’s insurance carrier and managing general agency. The acquisition is expected to add approximately $200 million of Reciprocal Written Premium and approximately $25 million of Adjusted …
POSTED OCTOBER 14, 2026 12:25 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 FTS Life Insurance Agency, Inc. 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.
|