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News Archives - Insurance Journal
US Climate Prediction Center Sees 69% Chance of Historic El Niño
The El Niño building in the Pacific Ocean is increasingly expected to reach a strength not seen in 76 years of record keeping. “During the October-December 2026 season, there is a 69% chance of a historic event that would exceed …
POSTED AUGUST 14, 2026 5:14 AM |
Almost All Top US Companies Had Board Diversity Rules. Now Most Are Gone
Three years ago, nearly every major US company explicitly considered diversity when choosing new directors. Now, most don’t. In all, 61 S&P 100 companies have dumped explicit diversity criteria for future board members since 2023, according to an ESGAUGE analysis …
POSTED AUGUST 14, 2026 5:07 AM |
Cargo Thefts Drop in Q2 but Losses More Than Double
Cargo theft incidents were down 26% in the second quarter 2026 compared with the same time a year ago but it turns out that thieves stole expensive items as losses reached over $300 million. According to a report from Verisk’s …
POSTED AUGUST 14, 2026 5:06 AM |
Aon’s NFP Buys Cannabis Business From Frontier Risk
NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty insurance company that has focused on the marijuana industry. Frontier is based in Norwalk, Connecticut. Eric Scheider, …
POSTED AUGUST 14, 2026 5:02 AM |
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors
Almost four years after he pleaded guilty, the top associate to convicted briber, insurance entrepreneur and fraudster Greg Lindberg has been sentenced to two years in prison. Christopher Herwig, who was chief investment officer for Lindberg’s Eli Global and other …
POSTED AUGUST 14, 2026 5:02 AM |
Safety Agency Reports on 2025 Blast at Pennsylvania Steel Plant That Killed 2
A federal safety agency recommended the development of written policies and procedures for flushing gas valves a year after a blast at a U.S. Steel plant near Pittsburgh killed two workers. The U.S. Chemical Safety and Hazard Investigation Board issued …
POSTED AUGUST 14, 2026 5:00 AM |
People Moves: IMA Appoints Schwartz New Leader for Washington Market
IMA Financial Group Inc. named Karen Schwartz as Washington market president. She leads IMA’s Washington market strategy, focusing on strengthening collaboration across business lines, partnering with property/casualty and employee benefits teams and producers. Schwartz has nearly 15 years of insurance …
POSTED AUGUST 14, 2026 5:00 AM |
California Advances Bill to Expand Antitrust Enforcement Law
A major expansion of California’s antitrust laws advanced in the state legislature Thursday despite opposition from business leaders and some government officials. The state Senate Appropriations Committee moved the bill, AB 1776, to the full chamber, where it must pass …
POSTED AUGUST 14, 2026 5:00 AM |
NJ School Board Not Liable for Boy’s Shooting at Football Game With No Metal Detectors
A New Jersey public school district has been found not liable for the fatal shooting of a 10-year old boy at a high school football game where security did not include metal detectors to screen attendees. The boy’s mother and …
POSTED AUGUST 14, 2026 5:00 AM |
Markets/Coverages: AIG Starts Parametric Cloud Outage Solution
American International Group (AIG) said it launched a new Parametric Cloud Outage Solution, providing clients an additional layer of cyber insurance protection to help them recover faster from business interruption losses resulting from cloud service outages and cloud provider downtime. …
POSTED AUGUST 14, 2026 4:42 AM |
West News Archives - Insurance Journal
People Moves: IMA Appoints Schwartz New Leader for Washington Market
IMA Financial Group Inc. named Karen Schwartz as Washington market president. She leads IMA’s Washington market strategy, focusing on strengthening collaboration across business lines, partnering with property/casualty and employee benefits teams and producers. Schwartz has nearly 15 years of insurance …
POSTED AUGUST 14, 2026 5:00 AM |
California Advances Bill to Expand Antitrust Enforcement Law
A major expansion of California’s antitrust laws advanced in the state legislature Thursday despite opposition from business leaders and some government officials. The state Senate Appropriations Committee moved the bill, AB 1776, to the full chamber, where it must pass …
POSTED AUGUST 14, 2026 5:00 AM |
Hawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 …
POSTED AUGUST 13, 2026 1:25 PM |
Green Shield Expands Non-Admitted High-Value HO Program to California and Colorado
A specialty homeowners program serving high-value homeowners is coming to California and Colorado. Green Shield Risk Solutions is expanding its Guardian Elite Home, a non-admitted homeowners program for affluent primary and secondary residences, in California and Colorado. The rollout is …
POSTED AUGUST 13, 2026 5:00 AM |
Inszone Insurance Acquires Two Fong’s in California
Inszone Insurance Services acquired Two Fong’s Inc in California. Founded in 1982 and acquired by its current leadership, Al and Pete Fong, in 2000, Two Fong’s has maintained a presence across the Bay Area, specializing in commercial property and lessor’s …
POSTED AUGUST 12, 2026 5:00 AM |
Edison Judge Balks at Holding Utility Liable for LA Wildfire
Insurance companies lost a bid to hold Edison International’s Southern California utility liable for a massive Los Angeles-area wildfire without a trial. Superior Court Judge Laura Seigle on Tuesday tentatively denied a request to put Southern California Edison on the …
POSTED AUGUST 12, 2026 5:00 AM |
Montana Auditor Suspends Producer License of Bail Bondsman Accused of Exploitation
Montana State Auditor James Brown suspended the insurance producer license of a bail bondsman accused of exploiting people under his supervision, including trading services for sex and allegedly taking possession of vehicle titles without proper documentation, authorization or timely return …
POSTED AUGUST 11, 2026 5:00 AM |
Oregon Scam Targeting Spanish-Speaking Injured Workers May Include Fake Judges
A sophisticated scam targeting Spanish-speaking injured workers is ongoing in Oregon, authorities are warning. The Oregon Department of Consumer and Business Services is warning people the scam targeting Spanish-speaking injured workers in Oregon and around the country involves workers being …
POSTED AUGUST 11, 2026 5:00 AM |
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat
Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and …
POSTED AUGUST 10, 2026 2:25 PM |
Body Found in California Home Burned by Wildfire Believed Started by Chain Saw
A dead body was found inside a central California home burned by a wildfire that investigators believe was accidentally started by sparks from a chain saw, authorities said last week. Herbert Wayne Smith, 65, was arrested in connection with the …
POSTED AUGUST 10, 2026 5:00 AM |
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