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News Archives - Insurance Journal
Two New Suspects Handed Preliminary Charges in Louvre Jewels Heist: Prosecutor Says
The Paris prosecutor said Saturday two new suspects were handed preliminary charges for their alleged involvement in the crown jewels heist at the Louvre museum, three days after they were arrested by police as part of the sweeping investigation. Laure …
POSTED NOVEMBER 03, 2025 9:54 AM |
Markets/Coverages: AXA XL Offers Cyber Solution for Europe, APAC Construction Firms
AXA XL announced the launch of a new cyber solution designed to provide construction firms in Europe, Asia and Australia with enhanced protection against the rapidly evolving landscape of cyber threats. Available by endorsement to AXA XL’s cyber insurance coverage, …
POSTED NOVEMBER 03, 2025 9:37 AM |
People Moves: H.W. Kaufman Group Promotes 16 Across Executive and North American Teams; Howden US Names Dallal EVP, Financial Lines
H.W. Kaufman Group Makes Promotions Across Executive and North American Teams H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 16 members of its executive and North American teams to new roles. The announcement follows the 2025 Kaufman Leadership Meeting …
POSTED NOVEMBER 03, 2025 6:49 AM |
Jamaica Catastrophe Bond Has Now Triggered, Government Says
Jamaica’s catastrophe bond has now triggered as a result of the fallout from Hurricane Melissa, the government said. “Over the next few weeks we’ll get more details into what the payout is,” Dana Morris Dixon, minister of education, skills, youth …
POSTED NOVEMBER 03, 2025 6:10 AM |
A Toy Maker Takes His Case Against Trump’s Tariffs to the Supreme Court
Within days of Donald Trump announcing his sweeping “Liberation Day” tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the U.S. president. “I’m not willing to allow politicians to destroy what we have built …
POSTED NOVEMBER 03, 2025 6:04 AM |
Buffett’s Berkshire Cash Hits $382 Billion, Earnings Soar
Berkshire Hathaway Inc.’s cash pile soared to $381.7 billion in the third quarter, a fresh record, and operating earnings surged 34% at Chief Executive Officer Warren Buffett’s conglomerate. That figure hit $13.5 billion, as the firm’s insurance underwriting profit more …
POSTED NOVEMBER 03, 2025 6:03 AM |
Black Vultures Spreading North, Attacking and Killing Cattle
Allan Bryant scans the sky as he watches over a minutes-old calf huddled under a tree line with its mother. After a few failed tries, the calf stands on wobbly legs for the first time, looking to nurse. Above, a …
POSTED NOVEMBER 03, 2025 6:02 AM |
Don’t Look Now, But Citizens Is No Longer the Largest Property Insurer in Florida
Citizens Property Insurance Corp., the state-created insurer of last resort, is no longer the largest carrier in Florida. It’s a significant milestone in the push for a more stable, market-based insurance market. Citizens’ leadership announced late last week that October …
POSTED NOVEMBER 03, 2025 6:01 AM |
Judge Dismisses Texas Challenge to New York Abortion Shield Law
A New York judge dismissed a legal challenge Friday from Texas seeking to enforce a more than $100,000 civil judgment against a doctor accused of prescribing abortion pills to a Dallas-area woman in an early test of the state’s “shield …
POSTED NOVEMBER 03, 2025 6:00 AM |
‘I Thought I Had Died,’ Testifies Teacher Shot by 6-Year-Old Student
A former Virginia teacher who was shot by a 6-year-old student in her classroom in 2023 testified Thursday that she thought she had died that day. Abby Zwerner testified in her $40 million lawsuit filed against a former assistant principal …
POSTED NOVEMBER 03, 2025 6:00 AM |
West News Archives - Insurance Journal
LP Expands into Oregon With Acquisition of Mountain West
LP Insurance Services is expanding into Oregon with the acquisition of Mountain West Insurance Services Inc., based in Salem. The Salem team will continue serving clients throughout the Willamette Valley and beyond. The new LP Insurance Salem office is at …
POSTED NOVEMBER 03, 2025 6:00 AM |
NTSB Agrees With Requiring Inspections of 2,000 Learjets After Arizona Crash
The National Transportation Safety Board wants the owners of nearly 2,000 Learjets—which have long been associated with the rich and famous—to urgently inspect their landing gear to make sure they won’t collapse as happened in a fatal crash in February …
POSTED NOVEMBER 03, 2025 6:00 AM |
California Attorney General Charges Eight in Bay Area Auto-Theft Ring
The California Attorney General filed felony charges against eight people in connection with the theft of 19 vehicles throughout the U.S. with a combined value of more than $800,000. The complaint, filed in Alameda County Superior Court by Attorney General …
POSTED OCTOBER 31, 2025 5:00 AM |
Washington Commissioner Issued $828K in Fines for Insurance Violations
Washington insurance regulator fines for violations amounted to $828,500 in July, August, September, and early October of 2025, according to the office of Washington Insurance Commissioner Patty Kuderer. That tally included a $100,000 fine for Regence BlueShield, which reportedly incorrectly …
POSTED OCTOBER 31, 2025 5:00 AM |
Washington Supreme Court Restores $185M Monsanto Chemical Leak Verdict
A U.S. court reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school on Thursday. The Washington state Supreme Court reversed a lower court ruling that had vacated the verdict in a 2021 …
POSTED OCTOBER 30, 2025 11:27 PM |
FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters. Continuum Analytics is an …
POSTED OCTOBER 30, 2025 1:55 PM |
People Moves: Aspire Promotes Alam to Chief Financial Officer
Aspire General Insurance Services promoted Bilal Alam to chief financial officer. Alam has been with Aspire since January 2023, joining the firm as chief information officer and most recently serving as chief risk officer, where he oversaw the risk, actuarial, …
POSTED OCTOBER 30, 2025 5:00 AM |
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
POSTED OCTOBER 29, 2025 8:18 PM |
Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
Uber Technologies Inc. is preparing to offer driverless rides on vehicles developed by Lucid Group Inc. and Nuro Inc. in the San Francisco Bay Area for the first time next year, thrusting the company into direct competition with Waymo’s robotaxi …
POSTED OCTOBER 29, 2025 1:37 PM |
Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
POSTED OCTOBER 29, 2025 1:17 PM |
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