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Articles by Chad Hemenway

Chad is National News Editor at Å˽ðÁ«´«Ã½Ó³»­ Journal. He has been covering the insurance industry since 2007, reporting on trends and coverage in most lines of insurance as well as natural catastrophes, modeling, regulation, legislation, and litigation. Chad can be reached at chemenway@wellsmedia.com

The Institutes, Kevelighan Fire Back at Retaliation Claims by Former Triple-I Employee

The Institutes and Sean Kevelighan, chief executive of the Å˽ðÁ«´«Ã½Ó³»­ Information Institute, deny the allegations of discrimination and retaliation from former employee Michael Barry. According to a filing in U.S. District Court for the Southern District of New York, Triple-I …

Top National Å˽ðÁ«´«Ã½Ó³»­ Journal Stories of 2024

The three largest insurance brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Å˽ðÁ«´«Ã½Ó³»­ Journal kept a close eye this year. Also the last 12 months saw difficulties in the …

9 Å˽ðÁ«´«Ã½Ó³»­ Commissioners Urge DOGE to Junk FIO

Å˽ðÁ«´«Ã½Ó³»­ commissioners from nine states are looking to the new Department of Government Efficiency to do away with the Federal Å˽ðÁ«´«Ã½Ó³»­ Office. The letter, addressed to DOGE heads Elon Musk and Vivek Ramaswamy, said the FIO’s mission of monitoring the …

Senate Says Climate Is Causing Å˽ðÁ«´«Ã½Ó³»­ ‘Crisis’; Industry Strikes Back

The U.S. Senate Budget Committee on Wednesday held a hearing to release a study they said confirms climate change is increasing non-renewal rates in multiple states, but the insurance industry clapped back by saying extreme weather is just part of …

US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility

A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House Task Force on Artificial …

Advocacy Groups Ask FIO to Release Homeowners Å˽ðÁ«´«Ã½Ó³»­ Data Collected by NAIC

A coalition of consumer, environmental, and fair housing groups have called upon the Treasury’s Federal Å˽ðÁ«´«Ã½Ó³»­ Office to release homeowners insurance data before it may be too late. The nationwide data was collected by the National Association of Å˽ðÁ«´«Ã½Ó³»­ Commissioners …

Gallagher to Buy AssuredPartners for $13.5B to Increase Mid-Market Reach

Arthur J. Gallagher this morning said it has entered into an agreement to acquire AssuredPartners for $13.45 billion cash to expand its reach in the U.S. middle-market property/casualty and employee benefits space. “We have held in high regard the fast-growing …

FTC Hits Pair of Data Brokers for Unlawfully Tracking and Selling Consumer Data

The Federal Trade Commission said it has issued an order prohibiting data brokers Mobilewalla and Gravy Analytics from selling consumer data without consent—including location information related to visits to healthcare facilities, places of worship, and participation in protests. According to …

Safeco to Take Personal Lines Renewal Business of Main Street America

Liberty Mutual’s Safeco Å˽ðÁ«´«Ã½Ó³»­ has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business from another insurer. Main …

Progressive to End Offering Dwelling Fire Å˽ðÁ«´«Ã½Ó³»­

Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary residences and rental …