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News Archives - Insurance Journal
Plane Crashes in Texas Hill Country, Killing 5 Pickleball Players
Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, …
POSTED MAY 04, 2026 7:00 AM |
SpaceX Sued for Alleged Home Damage in South Texas
A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …
POSTED MAY 04, 2026 6:00 AM |
CISA Weighs Cutting Deadlines to Fix Digital Flaws Amid Worries Over AI
U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …
POSTED MAY 04, 2026 5:15 AM |
Misclassification Costs Workers, Social Insurance
As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …
POSTED MAY 04, 2026 5:12 AM |
KBRA Assigns Issuer Rating to Universal, as Q1 Results Mark ‘Fantastic’ Start to 2026
KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …
POSTED MAY 04, 2026 5:03 AM |
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive
Berkshire Hathaway reported improved first-quarter performance from the conglomerate’s insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. “The reality is that … as our insurance business softens, we cannot realize the value we should for …
POSTED MAY 04, 2026 5:03 AM |
SC Bill Would Change ‘Free’ Windshield Replacement and Give DOI More Authority
Under a bill poised to win approval in the South Carolina legislature, the decades-old practice of letting many drivers automatically enjoy relatively painless windshield replacements may soon disappear. House Bill 4817, titled the “Insurance Rate Reduction and Policy Holder Protection …
POSTED MAY 04, 2026 5:02 AM |
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Mayor Mamdani Pushes to Shrink New York Business Tax Credit
New York City Mayor Zohran Mamdani is delaying the city’s $127 billion budget as he pressures the state to limit a tax credit used by hedge funds, private equity firms and other businesses. Mamdani and City Council Speaker Julie Menin …
POSTED MAY 04, 2026 5:00 AM |
RI Settles With Deloitte for $12M Over 2024 Ransomware Attack on Benefits System
Rhode Island Governor Dan McKee announced that the state has finalized a settlement agreement with Deloitte Consulting LLP related to the December 2024 cybersecurity incident that shuttered the state’s benefits administration site, RIBridges. In February 2025, Deloitte, the services provider …
POSTED MAY 04, 2026 5:00 AM |
West News Archives - Insurance Journal
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Maui Fire Lawsuit Payouts Are Near, but Few Will Break Even
Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
POSTED MAY 04, 2026 5:00 AM |
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
POSTED MAY 01, 2026 1:58 PM |
IICF’s Western Division Celebrates $670,000 in Grants; Alphabet’s Nickel Honored
The Insurance Industry Charitable Foundation celebrated more than $670,000 in IICF Community Grants awarded across the region to 78 nonprofit partners at its 11th annual IICF Western Division Horizon Award Gala. The event was held drew insurance leaders from across …
POSTED MAY 01, 2026 5:00 AM |
Workers’ Comp Bureau of California Submits Pure Premium Filing of 10.4%
The Workers’ Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10.4% above the average approved September 1, …
POSTED MAY 01, 2026 5:00 AM |
Musk Gets Apology From California Regulators as SpaceX Suit Is Settled
California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission …
POSTED MAY 01, 2026 5:00 AM |
California Gasoline Price Surges Above $6 as Iran War Fans Gains
Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates. The average statewide price for regular gasoline rose to $6.01, according to data from the American Automobile Association. That’s the highest since …
POSTED APRIL 30, 2026 1:32 PM |
Billionaire Tax Proposal in California on Track to Qualify for Ballot, Say Backers
A controversial proposal in California to temporarily increase taxes on billionaires has enough signatures to qualify for the November ballot, a labor union backing the measure said. The proposal, backed by the Service Employees International Union Healthcare Workers West, would …
POSTED APRIL 30, 2026 5:00 AM |
People Moves: The Doctors Company Makes Key Medical Professional Liability Leadership Appointments
The Doctors Company made several leadership appointments to add its medical professional liability operations. Todd Zeiter has been promoted to chief underwriting officer. He has amassed an underwriting and reinsurance background and nearly three decades at The Doctors Company. He …
POSTED APRIL 30, 2026 5:00 AM |
California Adopts Rules Allowing Testing And Deployment of Heavy-Duty AVs
The California Department of Motor Vehicles on Tuesday adopted new regulations for autonomous vehicles, allowing manufacturers to test and deploy heavy-duty driverless vehicle technology on the state’s roads. Related: Tesla Avoids California Sales Halt Over Autopilot Marketing The new regulations …
POSTED APRIL 29, 2026 1:40 PM |
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