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News Archives - Insurance Journal
So. Korean Banks Were Likely Hacked by China-Based Actor With AI Agent: CrowdStrike
The suspect behind recent cyberattacks at South Korean banks was likely a China-based 26-year-old who used a Chinese-developed AI agent and Anthropic’s Claude Code, US cybersecurity company CrowdStrike said. In a report published on Wednesday, CrowdStrike said it believed the …
POSTED OCTOBER 08, 2026 11:30 AM |
Canada’s Weston Family and Fairfax Financial Partner to Buy UK’s Boots in $8.9B Deal
The Canadian branch of the Weston family agreed on Wednesday to buy Britain’s Boots from Sycamore Partners and the Pessina family in an $8.9 billion deal, pledging to invest in the retailer’s stores and online and expand healthcare services. Wittington …
POSTED OCTOBER 08, 2026 11:03 AM |
Drones Hit Yandex Site in First Major Attack on Russian Data Hub
Drones hit a data center owned by Russia’s Yandex, the country’s leading AI and technology company said on Thursday, in the first major attack on a Russian data hub since the start of the war with Ukraine. Mutual drone attacks …
POSTED OCTOBER 08, 2026 10:25 AM |
Legacy Private Credit Loans Face Refinancing Risks as Rates Rise
Private credit borrowers that loaded up on debt when interest rates were low could face refinancing pressure as they approach maturity, according to investors speaking at a forum in Singapore on Thursday. Loans borrowed in 2021 and 2022 are particularly …
POSTED OCTOBER 08, 2026 10:14 AM |
Markets/Coverages: CFC Adds Cyber Cover for SME Executives; Cowbell Brings AI Agents to Policyholders
CFC said it has added to its Cyber Proactive Response (CPR) policy, introducing a series of enhancements including: new personal protections for senior executives of small to middle sized enterprises enhanced affirmative AI coverage extended indemnity period for business interruption …
POSTED OCTOBER 08, 2026 5:28 AM |
Gold Body Accused of Enabling Deaths at Tanzanian Gold Mine
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial that could threaten its existence. The …
POSTED OCTOBER 08, 2026 5:10 AM |
Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis
On January 7 2025, an ill wind began to blow down the mountain canyons north of Los Angeles. Upland forests and shrubs were already bone dry thanks to a delayed start to the winter rainy season, so the arrival of …
POSTED OCTOBER 08, 2026 5:04 AM |
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida
If Isaias turns into a hurricane and hits the Florida Panhandle on Friday, as forecast, a population of more than 1.4 million lies in its path. The number of those that are insured property owners is less than clear. Market …
POSTED OCTOBER 08, 2026 5:02 AM |
Insurance Executive Killed His Wife, Daughter, Then Himself, NJ Township Police Say
A New Jersey title insurance executive shot his wife and daughter and then shot himself, according to local police and prosecutors. Montgomery Township police discovered the double homicide and suicide when responding to a call to check on the occupants …
POSTED OCTOBER 08, 2026 5:00 AM |
Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
Where there’s smoke there’s fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires that struck California in recent years is that smoke claims became a bigger issue …
POSTED OCTOBER 08, 2026 5:00 AM |
West News Archives - Insurance Journal
Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
Where there’s smoke there’s fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires that struck California in recent years is that smoke claims became a bigger issue …
POSTED OCTOBER 08, 2026 5:00 AM |
Don’t Sweat the Heatwave, El Niño Is Cooking up Some Raucous Weather for California
Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …
POSTED OCTOBER 07, 2026 11:00 AM |
Corgi Insurance Launches Fine Arts, Sports and Entertainment Coverage
San Francisco-based Corgi Insurance has launched fine arts coverage for individuals and businesses, and it introduced Golden by Corgi, a sports and entertainment insurance platform offering coverage through its surplus lines carrier. The fine arts coverage protects eligible artwork and …
POSTED OCTOBER 07, 2026 5:00 AM |
ICW Group Expands Commercial Lines Portfolio in California
ICW Group Insurance Companies is launching five commercial lines for California businesses to complement the company’s workers’ compensation offering. The company is now accepting submissions for policies effective Jan. 1, 2027, and beyond. The new offerings include commercial property, general …
POSTED OCTOBER 06, 2026 12:37 PM |
People Moves: Alchemy Names Peck President, Personal Lines, West; Ring Joins Leavitt United Insurance Services as SVP
Alchemy Insurance Solutions Names Peck President, Personal Lines, West Alchemy Insurance Solutions LLC named Michael Peck president, personal lines, Western region. Peck will lead Alchemy’s underwriting strategy and growth across the Western U.S., with a focus on high net worth …
POSTED OCTOBER 06, 2026 5:00 AM |
San Diego Sues AppLovin Over Explicit Ads Shown to Kids’ Devices
San Diego County has filed a lawsuit against mobile advertising technology company AppLovin Corp., alleging that it bypassed parental controls to serve ads for adult dating services, alcohol, vaping and graphic sexual content in games played by children. AppLovin, which …
POSTED OCTOBER 06, 2026 5:00 AM |
PG&E Files 10-Year Plan to Underground 5,000 Miles of Power Lines in California
PG&E filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, to improve grid safety and reliability in high-wildfire-risk areas across northern and central California. Separately, PG&E Corp. said in early September that it plans to …
POSTED OCTOBER 05, 2026 5:00 AM |
Justice Department Finds Racial Discrimination in UCLA Law Admissions
A U.S. Department of Justice investigation found UCLA School of Law discriminated against white and Asian applicants in admissions for its 2023, 2024 and 2025 incoming classes. The department’s Civil Rights Division said the admissions practices violated Title VI of …
POSTED OCTOBER 05, 2026 5:00 AM |
Mutual of Enumclaw in Pacific Northwest Unveils New Brand
Mutual of Enumclaw launched a new brand designed to strengthen the company’s market position and support long-term growth. The company said the new brand builds on Mutual of Enumclaw’s 128-year history while more defining it as a strong, modern regional …
POSTED OCTOBER 05, 2026 5:00 AM |
California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
POSTED OCTOBER 02, 2026 12:19 PM |
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