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Skyward Specialty Agrees to $555M Buy of Apollo Group From PE Firm Alchemy
Skyward Specialty Insurance Group said it has a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited from private equity firm Alchemy for a total of $555 million in a mix of cash and shares …
POSTED SEPTEMBER 03, 2025 12:33 AM |
Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says
The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large …
POSTED SEPTEMBER 02, 2025 4:08 PM |
Disputed Ballots Could Swing Union Vote Outcome at EV Battery Plant in Kentucky
An election to determine whether workers unionize an electric vehicle battery manufacturing complex in Kentucky was in limbo due to a few dozen disputed ballots that could swing the outcome. The United Auto Workers claimed it secured a narrow victory …
POSTED SEPTEMBER 02, 2025 2:39 PM |
Florida’s Once-Pristine Springs Threatened by Pollution, Development, Climate
Seen from the air, a Florida freshwater spring is a bit of liquid heaven, luring humans and wildlife to enjoy its aquamarine cool. With at least 1,000 of them — more than any other state — the springs serve as …
POSTED SEPTEMBER 02, 2025 2:13 PM |
What to Know About Massive Dust Storms Called Haboobs in Southwest
Massive walls of dust and debris called haboobs that roll through the U.S. Southwest can be awe-inspiring and terrifying, especially for motorists caught in their path. Thunderstorms spawn the phenomenon and can create a wall of dust thousands of feet …
POSTED SEPTEMBER 02, 2025 1:57 PM |
EU Chief’s Plane Affected by Alleged Russian GPS Jamming
A plane carrying European Commission President Ursula von der Leyen was disrupted by what authorities suspect was Russian signals interference in Bulgaria. Authorities in Bulgaria have determined that the GPS jamming incident, which affected the plane’s navigation system as it …
POSTED SEPTEMBER 02, 2025 1:36 PM |
AvonRisk Acquires Texas’ AS&G Claims Administration and Care Logic
AvonRisk, a national provider of risk management, claims administration, and managed care services, announced today that it has acquired AS&G Claims Administration, Inc., and Care Logic, Inc., a Houston, Texas-based third-party administrator specializing in workers’ compensation, auto liability, general liability, …
POSTED SEPTEMBER 02, 2025 1:33 PM |
Nestle Plunged Into Turmoil as CEO Fired Over Undisclosed Relationship
Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed “romantic relationship,” ousting its second CEO in a year and throwing the Swiss food giant into its deepest leadership chaos …
POSTED SEPTEMBER 02, 2025 1:26 PM |
People Moves: Caffrey to Become CEO of White Mountains in 2026
White Mountains Insurance Group said today that its Board of Directors unanimously promoted Liam Caffrey as chief executive officer, effective January 1, 2026. Caffrey will succeed CEO Manning Rountree, who will retire at the end of the year. Caffrey currently …
POSTED SEPTEMBER 02, 2025 1:13 PM |
Markets/Coverages: Willis Launches Specialty Bloodstock Insurance Solution in UK
Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed a deal …
POSTED SEPTEMBER 02, 2025 12:28 PM |
West News Archives - Insurance Journal
What to Know About Massive Dust Storms Called Haboobs in Southwest
Massive walls of dust and debris called haboobs that roll through the U.S. Southwest can be awe-inspiring and terrifying, especially for motorists caught in their path. Thunderstorms spawn the phenomenon and can create a wall of dust thousands of feet …
POSTED SEPTEMBER 02, 2025 1:57 PM |
Viewpoint: Delay, Deny, Defend for California Wildfire Claims?
Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan has continued to deny or narrow smoke …
POSTED SEPTEMBER 02, 2025 5:00 AM |
Uber, Lyft Drop Opposition to California Driver Union Bill
Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on insurance costs. Legislative …
POSTED AUGUST 29, 2025 10:08 PM |
After Fearsome Dust Storm Rips Phoenix Area, Trees Cleaned up And Power Restored
Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. Called …
POSTED AUGUST 29, 2025 1:47 PM |
California Jury Awards $2M to Protester Shot in Face With Nonlethal Projectile
A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …
POSTED AUGUST 29, 2025 1:41 PM |
Aspire in California Secures Strategic Debt Financing From Comvest Partners
Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration, and continued innovation in insurance technology, according to the company. Comvest …
POSTED AUGUST 29, 2025 5:00 AM |
Wildfire Burning in Central California Forest Area Is Latest Blaze of Concern
A fast-growing wildfire burning in central California’s Sierra National Forest in Fresno County in a remote area is the latest blaze of concern for firefighters. The Garnet Fire has burned more than 13,900 acres and is 0% contained, according to …
POSTED AUGUST 28, 2025 1:53 PM |
Viewpoint: Earthquake Insurance and Surplus Lines: Clarifying a Legal Grey Zone
The California property insurance market is undergoing a dramatic shift. As admitted carriers restrict their appetite for business in the state—particularly in high-risk zones—surplus lines insurers are increasingly stepping in to write residential property insurance. As previously reported in Insurance …
POSTED AUGUST 28, 2025 5:00 AM |
Most Losses in Destructive Eaton Fire Tied to Conflagration Hazard, Report Shows
When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of …
POSTED AUGUST 28, 2025 5:00 AM |
Wealthspire Acquires California-Based Marin Financial Advisors
Wealthspire Advisors LLC, an NFP company, has entered into an agreement to acquire Marin Financial Advisors in Larkspur, California. Marin Financial Advisors has provided individuals and families with financial services since 1987. The firm is led by Principal Colin Drake, …
POSTED AUGUST 27, 2025 5:00 AM |
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