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News Archives - Insurance Journal
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl
Three Texas homeowners filed a federal racketeering lawsuit last week alleging that the Texas Windstorm Insurance Association fraudulently reduced claim estimates for properties damaged by Hurricane Beryl. The lawsuit, filed in the U.S. District Court, Southern District of Texas, alleges …
POSTED AUGUST 17, 2026 4:51 PM |
Iran Threatens to Go on Offensive in Strait of Hormuz if Diplomacy Fails
Iran has decided to shift its policy from defensive to “fully offensive” due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday. Progress towards …
POSTED AUGUST 17, 2026 4:41 PM |
West Virginia Flood Threat Rises After Deadly Indiana Storms
The threat of flooding shifted east into West Virginia and Kentucky on Monday as Indiana began recovering from storms that killed at least six people and produced some of the state’s worst deluges in decades. Flood warnings and watches covered …
POSTED AUGUST 17, 2026 3:58 PM |
The Great Modern Train Robbery: Thieves Steal $200 Million a Year
The train was sitting just outside a depot in Memphis when the bandits made their move. Emerging from a black Kia Soul under the cover of darkness, the three men clambered on top of CSX Corp. railcars. They broke the …
POSTED AUGUST 17, 2026 3:34 PM |
Picasso Etching Stolen From Wisconsin Art Gallery Found in Vacant Apartment
Bill DeLind thought the Picasso print that was stolen from his Milwaukee gallery in 2018 was gone forever. But then police called last week and asked him to look at an artwork that a local landlord found while cleaning out …
POSTED AUGUST 17, 2026 3:23 PM |
People Moves: Brown & Riding Adds Hasan to National Property Practice
Brown & Riding announced Omar Hasan has joined its National Property Practice. Hasan brings nearly two decades of industry experience and specializes in complex commercial property placements and solutions for middle-market and large commercial accounts. Hasan is known for his …
POSTED AUGUST 17, 2026 3:09 PM |
Amazon Reinstates Binding Arbitration, Bars Class-Action Lawsuits
Amazon on Friday reinstated binding arbitration for its U.S. customers while also barring them from seeking class-action lawsuits, making it more difficult for users to address grievances in court. In emails on Friday, Amazon said the changes are effective immediately …
POSTED AUGUST 17, 2026 3:08 PM |
Ohio City to Pay $4.7M to Family of Teenager Killed by Police
Officials in Akron, Ohio, have fired a police officer who shot and killed 15-year-old boy while also announcing Friday that the city has agreed to pay $4.75 million to the teen’s family. The settlement, which still needs a judge’s approval, …
POSTED AUGUST 17, 2026 3:05 PM |
Rival AI PACs Spend Big in Florida to Sway Trump’s Governor Pick
The artificial-intelligence industry’s political machines battling each other over how to regulate the technology are trying a new tactic in Florida after fighting in primary elections across the US: joining together to make multimillion-dollar bets on the same candidate. Two …
POSTED AUGUST 17, 2026 2:51 PM |
Tomb Raiders Stole From Cemeteries in 9 States. Florida Offering Reward for Info
Authorities are searching for a trio of modern tomb raiders that they say has stolen family heirlooms and other valuables from cemeteries in at least nine states. The suspects — a mother and daughter, and the daughter’s boyfriend — “went …
POSTED AUGUST 17, 2026 2:40 PM |
West News Archives - Insurance Journal
AI-Powered Distribution Platform Launched by bolt in California
Insurtech bolt launched an AI-powered insurance distribution platform the company says enables access across all lines for distribution partners. Connected Distribution is a new operating model that combines customer data, workflows and integrated market access into a single AI-powered connected …
POSTED AUGUST 17, 2026 5:00 AM |
AM Best Upgrades Ratings of California Casualty Group Members
AM Best upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair) of The California Casualty Indemnity Exchange in Palo Alto, California. The upgrade includes its wholly …
POSTED AUGUST 17, 2026 5:00 AM |
Hawaii Faces Rare Hurricane Strike as Storms Batter Indiana
Hawaii is in line for a rare hurricane strike as Tropical Storm Lala grazes the Big Island, while severe storms threaten more flooding and outages across Indiana. Tropical Storm Lala may grow into a hurricane as it grazes the Big …
POSTED AUGUST 14, 2026 3:08 PM |
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 |
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