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News Archives - Insurance Journal
Elon Musk Must Face Class Action Over Late Disclosure of Twitter Stake, Judge Rules
A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial investment in the social media company may pursue their case as a class action. The decision …
POSTED APRIL 01, 2026 4:25 PM |
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments
A Florida public adjuster, already facing prosecution for similar alleged misappropriation in 2024, now stands accused of diverting more than $600,000 in insurance settlements for homeowners hit by Hurricane Ian. Francisco Javier Chaparro-Araus, 46, of All Elements Public Adjusters in …
POSTED APRIL 01, 2026 3:52 PM |
Man Who Crashed Into Michigan Synagogue Was Inspired Hezbollah: FBI
An armed man who crashed his pickup truck into a major Detroit-area synagogue earlier in March was inspired by the Iran-backed militant group Hezbollah and had sought to inflict as much damage as he could on Jewish people, the FBI …
POSTED APRIL 01, 2026 3:51 PM |
AM Best Downgrades Credit Ratings of Cities and Villages Mutual
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Cities and Villages Mutual Insurance Company based in Wauwatosa, Wisconsin. …
POSTED APRIL 01, 2026 3:47 PM |
Giuliani Fails to Get $10 Million Sexual Harassment Suit in New York Dismissed
A New York judge has ruled that former New York Mayor Rudy Giuliani must face a $10 million lawsuit accusing him of sexual assault, sexual harassment, and wage theft. Judge Nicholas Moyne, of the state Supreme Court for New York …
POSTED APRIL 01, 2026 3:27 PM |
Student Shoots a Teacher at Texas High School Before Fatally Shooting Self
A 15-year-old student shot a teacher at a Texas high school and then fatally shot himself Monday, according to authorities, who were still investigating what led to the early morning attack. No other injuries were reported at Hill Country College …
POSTED APRIL 01, 2026 3:05 PM |
Texas AG Sues Container Company Over Chemical Fire
Texas Attorney General Ken Paxton filed a lawsuit against Permian Basin Containers, LLC (“PBC”) and related entities for violations of Texas environmental laws and regulations after the company caused a catastrophic chemical fire in Odessa that endangered public health. Paxton …
POSTED APRIL 01, 2026 3:01 PM |
Iranian Missile Hit Oil Tanker in Qatari Waters, Qatar Says
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defense ministry said. Qatar was targeted by three cruise missiles coming from Iran. Two were intercepted while the third hit …
POSTED APRIL 01, 2026 2:00 PM |
Update: Trump Says Iran Ceasefire Only Possible When Hormuz Reopens
US President Donald Trump said he’ll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened, sowing further confusion about how long he’s prepared to continue the war. Iran’s “New Regime President” has asked the …
POSTED APRIL 01, 2026 1:38 PM |
North Korean Hackers Suspected in Axios Software Tool Breach
Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. Hackers were able to breach one of the few accounts that can release new versions of Axios …
POSTED APRIL 01, 2026 1:23 PM |
West News Archives - Insurance Journal
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …
POSTED APRIL 01, 2026 5:00 AM |
California AG Bonta Says Sable Restart Won’t Lower Oil Prices
The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview on Bloomberg Televison. Houston-based oil driller Sable Offshore …
POSTED APRIL 01, 2026 5:00 AM |
FAA Imposes Restrictions on Some Landings at San Francisco Airport
The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …
POSTED MARCH 31, 2026 5:30 PM |
How California’s Ambitious Car Pollution Rules Made Everyone’s Air Cleaner
Cars on the road today are 99% cleaner than they were in 1970. Air quality in the United States is much, much better as a result. In Los Angeles, where I live, lead levels in the air were 50 times …
POSTED MARCH 31, 2026 1:54 PM |
LA Utility Taps Muni Market as Buyers Weigh Wildfire Legal Risk
Los Angeles’ water and power utility is tapping the municipal bond market with its first offering since a judge ruled last month that the utility must face hundreds of lawsuits faulting its response to the devastating 2025 Palisades Fire. The …
POSTED MARCH 31, 2026 5:00 AM |
3 Killed in Tour Company Helicopter Crash Coast of Kauai
A sightseeing company’s helicopter crashed near a remote beach off the coast of the Hawaiian island of Kauai, killing three people and injuring two others, authorities said. It was the latest in a series of fatal crashes that has plagued …
POSTED MARCH 31, 2026 5:00 AM |
Hawaii to Take Over Aging Dam After Failure Scare During Floods
A 120-year-old Hawaii dam that reached worrisome levels during heavy rains and devastating flooding, prompting thousands of residents to evacuate for fear of life-threatening failure last week, will soon be taken over by the state. The state’s land board on …
POSTED MARCH 30, 2026 1:42 PM |
Study: Rebuilding LA to Wildfire Safety Standards Could Lower Future Fire Losses
A new analysis from the California Department of Insurance and the National Association of Insurance Commissioners shows that rebuilding the communities destroyed by the January 2025 Palisades and Eaton fires to a standard set by the Insurance Institute for Business …
POSTED MARCH 30, 2026 5:00 AM |
Inszone Acquires Streeter Brothers Insurance in Montana
Inszone Insurance Services acquired Streeter Brothers Insurance in Billings, Montana. Streeter Brothers Insurance will continue operating from its current Billings location, with the existing team remaining in place. Founded in 1922 by Delton and Delbert Streeter, Streeter Brothers Insurance has …
POSTED MARCH 30, 2026 5:00 AM |
The Scope of Damage From Hawaii’s Floods Becomes Clearer
The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, …
POSTED MARCH 27, 2026 1:33 PM |
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