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News Archives - Insurance Journal
Markets/Coverages: Arch Launches Event Cancellation Cyber Coverage
Arch Insurance International (Arch) announced the launch of its event cancellation cyber coverage, which is available through both the London market and Arch’s instant quote and bind platform, Arch IQ. Offered as a cyber extension to an event cancellation policy, …
POSTED JANUARY 29, 2026 11:06 AM |
US Handing Over Seized Tanker to Venezuela, Officials Say
The United States is handing over to Venezuela a tanker that it seized this month, two U.S. officials told Reuters on Wednesday. The United States has been carrying out a months-long effort to seize oil tankers linked to Venezuela – …
POSTED JANUARY 29, 2026 10:49 AM |
Australia Hits New Renewable Milestone of Over 50%
Australia hit a new clean energy milestone during the December quarter, even as power demand rose over 2.2% from a year earlier, the Australian Energy Market Operator (AEMO) said on Thursday. Gas-fired generation fell to its lowest level since 2000, …
POSTED JANUARY 29, 2026 10:33 AM |
Flood Losses Set to Soar 10-Fold in Southeast Asia, WTW Study Finds
Losses tied to floods in Southeast Asia may grow as much as 10-fold in the coming years due to the rise of extreme weather events, according to Willis Towers Watson Plc. Early indications suggest that major regional flooding events have …
POSTED JANUARY 29, 2026 10:03 AM |
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’
W.R Berkley reported a “flattish” top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The insurer’s chief executive signaled a change in the level of rate increases going forward. President and CEO W. Robert Berkley, …
POSTED JANUARY 29, 2026 6:45 AM |
People Moves: Marsh Risk Expands US Surety Team; AXA XL Appoints Billingslea as Head of Energy; Nixon Joins KCC Leadership Team
Marsh Risk Expands US Surety Team With 3 Leadership Appointments Marsh Risk, headquartered in New York City, made three leadership appointments. Jimmy Tse was named U.S. financial institutions surety growth leader. Tse has 20 years of experience in financial institutions, …
POSTED JANUARY 29, 2026 6:38 AM |
Second Russia-Linked Oil Tanker Loses Control in Mediterranean
A second Russia-linked oil tanker lost control as it was entering the Mediterranean Sea in under a week. The medium-range vessel Chariot Tide first showed signs of difficulty as it approached Tangier, Morocco, on Jan. 21, when its speed abruptly …
POSTED JANUARY 29, 2026 6:15 AM |
US Marshals Are Investigating a Possible Digital-Asset Hack
The US Marshals Service, which provides custody of cryptocurrencies seized by or forfeited to federal law enforcement agencies, said it’s investigating a possible hack of US government digital-asset accounts. “At this time, we will not be making any statement as …
POSTED JANUARY 29, 2026 6:14 AM |
Breakdown Cover and Car Insurance Firm RAC Poised to Pick Banks for London IPO
Breakdown cover and car insurance company RAC is close to selecting banks to lead its initial public offering in London, according to people familiar with the matter. The nearly 130-year-old firm is set to pick Goldman Sachs Group Inc., Bank …
POSTED JANUARY 29, 2026 6:05 AM |
Winter Storm to Cause Billions of Dollars in Insured Losses: UBS
A major winter storm that hit the United States in recent days is expected to cause billions of dollars in insured losses, analysts at brokerage UBS said in a note. The heavy storm has left much of the central and …
POSTED JANUARY 29, 2026 6:02 AM |
West News Archives - Insurance Journal
Commerce Department Plans National AI Center in San Francisco
The U.S. Department of Commerce is preparing to open a national artificial-intelligence center in San Francisco, putting it closer to firms at the center of some of the government’s most high-profile initiatives. In addition to the Bay Area, AI export …
POSTED JANUARY 29, 2026 6:00 AM |
Trump Putting Zeldin in Charge of Permits to Rebuild After LA Wildfires
President Donald Trump on Wednesday said he will put Environmental Protection Agency administrator Lee Zeldin in charge of helping homeowners get permits to rebuild after the California wildfires last January. Related: Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts …
POSTED JANUARY 29, 2026 6:00 AM |
California Seafood Distributor Paying $248K for Prop 65 Violations
A California seafood is paying $248,000 to resolve allegations it sold frozen seafood products with elevated levels of lead and cadmium without the required warnings. California Attorney General Rob Bonta’s office settled with Pacific American Fish Company Inc., a seafood …
POSTED JANUARY 28, 2026 3:04 PM |
People Moves: CRC Adds DeJesus and Woita to Underwriting Leadership; Buckner Names Taylor President of Idaho
CRC Group Names DeJesus and Woita to Underwriting Leadership CRC Group hired Joe DeJesus and Austin Woita to its CRC Specialty Underwriting leadership team. DeJesus joined CRC Specialty as an underwriting team leader, based in Sacramento, California. DeJesus has a …
POSTED JANUARY 28, 2026 6:00 AM |
Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year’s Los Angeles wildfires, blaming the destruction and its slow rebuilding on California’s authorities. “Immediate and …
POSTED JANUARY 27, 2026 9:35 PM |
California Rehab Center to Pay $1.5M for Keeping Two Paycheck Protection Loans
A California rehabilitation center operator knowingly received more than one Paycheck Protection Program loan prior to Dec. 31, 2020, and was ordered pay the $1.5 million in damages and penalties, a court found. The U.S. District Court for the Central …
POSTED JANUARY 27, 2026 6:00 AM |
California to Get $379M in Funding for EV Charging Infrastructure
A U.S. District Court for the Western District of Washington’s issued a final ruling against the Trump Administration in multistate litigation challenging the withholding of funding for electric vehicle charging infrastructure. The U.S. Federal Highway Administration has now approved nearly …
POSTED JANUARY 27, 2026 6:00 AM |
ZEV Registrations in California Fell for the First Time Since 2020
Zero-emission vehicle registrations fell in California 2025 after several years of growth following the pandemic. This marks the first year-over-year decline in ZEV registrations since 2020, a new report from the California New Car Dealers Association shows. The group’s Q4 …
POSTED JANUARY 27, 2026 6:00 AM |
FEMA Extends Housing Aid for Maui Wildfire Survivors Until 2027
U.S. officials have granted a request to extend housing assistance for survivors of catastrophic 2023 wildfires, Hawaii Gov. Josh Green said. Nearly 1,000 households displaced by fire were anxiously awaiting word on whether federal assistance helping them stay housed will …
POSTED JANUARY 26, 2026 4:21 PM |
Hartford Opens Y‑Risk Office in San Francisco
The Hartford has opened a Y‑Risk office in San Francisco, a specialty underwriting business focused on insuring the shared economy and emerging technologies. The company says the San Franciso Y-Risk location will strengthen its ability to serve customers “operating at …
POSTED JANUARY 26, 2026 6:00 AM |
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