News Center
News Archives - Insurance Journal
Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 …
POSTED NOVEMBER 01, 2025 12:12 AM |
PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes …
POSTED OCTOBER 31, 2025 9:25 PM |
Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
The city of Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of a pedestrian who was struck by a city bus, the second fatality involving the same driver since 2015. Wayne County Judge Kathleen …
POSTED OCTOBER 31, 2025 4:41 PM |
People Moves: Texas State Office of Risk Management Names Hays as Executive Director
The Texas State Office of Risk Management Board of Directors announced Sara Hays as the newly appointed Executive Director. Hays joins the Office after many years of state service, including Chief of Staff for two state representatives and Budget and …
POSTED OCTOBER 31, 2025 4:32 PM |
North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil …
POSTED OCTOBER 31, 2025 4:21 PM |
Wildfire Forces Rural Community in Southern Texas to Evacuate
Thick smoke blanketed a rural community in southern Texas and many residents were ordered to evacuate as firefighters worked to contain a blaze Wednesday evening, officials said. The Mill Fire in Gregory, Texas, about 150 miles (80.5 kilometers) southeast of …
POSTED OCTOBER 31, 2025 4:16 PM |
AM Best Keeps Credit Ratings of NASW Insurance Co. Under Review
AM Best has maintained the under review with negative implications status for the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NASW Insurance Co. (NASWIC) headquartered in Washington, D.C. AM Best said …
POSTED OCTOBER 31, 2025 3:44 PM |
Aon’s Q3 Organic Growth of 7% Outperforms Expectations
Insurance broker Aon reported strong third quarter revenue of $4.0 billion, an increase of 7% from $3.7 billion reported for Q3 2024. Organic revenue rose 7% during Q3, which was level with last year’s third quarter, but beat Wall Street …
POSTED OCTOBER 31, 2025 3:31 PM |
Deal for Nuclear Reactors Raises Safety Concerns
A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for new Westinghouse reactors—an unprecedented structure that critics say poses environmental and safety risks. Under …
POSTED OCTOBER 31, 2025 2:31 PM |
North Carolina Public Adjuster Charged With Embezzling $130,000 Insurance Payment
North Carolina authorities on Thursday arrested a public adjuster, accusing him of absconding with a $133,000 payout from the insurance carrier following a contentious roof claim. Tyler Dionysius Englin, 26, of Garner, North Carolina, was charged with embezzlement after the …
POSTED OCTOBER 31, 2025 2:29 PM |
West News Archives - Insurance Journal
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 |
‘Catastrophic’ Hack Underscores Public Defender Security Gaps
Recent cyberattacks on public defenders’ offices in multiple Western US states have spotlighted the technological vulnerabilities of an often overlooked but critical part of the US judicial system. Public defenders, who represent clients unable to pay for their own lawyers …
POSTED OCTOBER 29, 2025 5:03 AM |
California Commissioner’s Regulation to Prevent Insurance Crises From Climate Disasters, Cyber Threats, AI
California Commissioner Ricardo Lara is proposing a regulation aimed at mitigating rising insurance costs and safeguarding the state’s insurance market from catastrophic risks and technological threats. Lara’s Long-Term Solvency Regulation is aimed at providing the California Department of Insurance enhanced …
POSTED OCTOBER 28, 2025 9:36 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Premier Group Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|