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News Archives - Insurance Journal
People Moves: Aon Announces Leadership Promotions for EMEA and Latin America; Markel International Promotes Rice to Head of Global Development, Trade Credit
This edition of International People Moves details appointments at Aon in EMEA and Latin America and Markel International. A summary of these new hires follows here. Aon Announces Leadership Promotions for EMEA, Latin America Insurance broker Aon plc announced that …
POSTED MAY 19, 2026 3:36 PM |
NextEra to Buy Dominion for $67 Billion to Form Power Giant
NextEra Energy Inc. agreed to pay about $67 billion in stock for Dominion Energy Inc. in the biggest power acquisition ever, creating a giant utility extending from Florida to the artificial intelligence data centers clustered in Virginia. The scope of …
POSTED MAY 19, 2026 3:08 PM |
Anthropic to Let Partners Share Mythos Cybersecurity Findings With Others
Anthropic said on Monday it is revising its earlier position to allow users of its Mythos cybersecurity model to share information about cyber threats with others who may be exposed to similar vulnerabilities. Mythos, announced on April 7, is being …
POSTED MAY 19, 2026 2:50 PM |
AIG Agrees to Acquire Everest’s Colombian Operations
American International Group (AIG) announced it has entered into a definitive agreement to acquire Everest Group’s Colombian insurance subsidiary. AIG said the acquisition of Everest Compañía de Seguros Generales Colombia S.A. (Everest Colombia) strengthens its presence in the Latin American …
POSTED MAY 19, 2026 2:49 PM |
US Farmers Dial Crop Adjusters as Wild Weather Hammers Wheat
From drought to ping-pong size hail and unseasonable warmth, weather extremes have wheat farmers reaching for their phones to ring their insurance adjusters to assess the viability of their crops. Oklahoma farmer Dennis Schoenhals made the call a few weeks …
POSTED MAY 19, 2026 2:42 PM |
FBI Prepares for Increasing Drone Threats Disrupting World Cup
The FBI plans to deploy roughly 60 specially trained state and local police officers across venues for the FIFA World Cup to detect and electronically disable hostile drones as security officials warn that threats once associated with foreign battlefields are …
POSTED MAY 19, 2026 2:31 PM |
Tampa Bay Rays and Local Officials Announce Tentative $2.3B Deal for New Ballpark
The Tampa Bay Rays and local officials announced a tentative $2.3 billion agreement on Thursday for a new ballpark funded by public and private money. The nonbinding memorandum of understanding among the Rays, Hillsborough County and the city of Tampa …
POSTED MAY 19, 2026 1:53 PM |
US Personal Lines Insurers Ask for Less Rate After Period of Catch-Up
It appears as though auto and home insurers have caught up, appropriately matching premium to risk in their portfolios. According to a new report from insurance industry rating agency AM Best, rate increases for homeowners and private passenger auto insurance …
POSTED MAY 19, 2026 1:30 PM |
California Fire Spread Slows But Dangerous Conditions Linger
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
POSTED MAY 19, 2026 1:18 PM |
Judge Blocks Trump DOJ’s Demand for Rhode Island Transgender Kids’ Medical Records
A federal judge has blocked the Trump administration’s sweeping demands for confidential transgender patient information from Rhode Island’s largest hospital that provides gender-affirming care to minors. U.S. District Judge Mary McElroy’s Wednesday ruling is the latest setback for the U.S. …
POSTED MAY 19, 2026 1:15 PM |
West News Archives - Insurance Journal
California Fire Spread Slows But Dangerous Conditions Linger
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
POSTED MAY 19, 2026 1:18 PM |
Washington Commissioner Issued $167K in Fines in 2Q
A Yakima insurance agent and an unauthorized insurance company are barred from doing business in Washington after Insurance Commissioner Patty Kuderer issued cease-and-desist orders in April. Those were two enforcement actions during the first quarter in which Kuderer issued fines …
POSTED MAY 19, 2026 5:00 AM |
Volvo Group Agrees to $197M Settlement With California Over Excess Truck Emissions
Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state’s heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices …
POSTED MAY 19, 2026 5:00 AM |
Denver Runway Fatality Reveals a Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
POSTED MAY 18, 2026 1:25 PM |
34,000 PG&E Customers Without Power on California Fire Risk
More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers …
POSTED MAY 18, 2026 1:04 PM |
Study: California Workers’ Comp Claim Costs Continue to Rise
California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to …
POSTED MAY 18, 2026 5:00 AM |
Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
POSTED MAY 15, 2026 1:27 PM |
$1.3 Billion in Medicaid Money to California Deferred Over Suspicions of Fraud
Vice President JD Vance this week announced new steps in the Trump administration’s initiative to root out fraud in federal health programs, including a $1.3 billion deferral in Medicaid funding to California. “How long are people going to pay into …
POSTED MAY 15, 2026 5:00 AM |
Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
POSTED MAY 14, 2026 6:00 PM |
People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
POSTED MAY 14, 2026 4:51 PM |
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