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News Archives - Insurance Journal
California Governor Signs Act to Create Smoke Damage Presumption
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner …
POSTED SEPTEMBER 15, 2026 4:56 PM |
Iowa DIFS Names Pearce Acting Deputy Commissioner for Market Regulation
The Iowa Department of Insurance and Financial Services announced the appointment of Julie Pearce as Acting Deputy Insurance Commissioner for Market Regulation. Pearce brings over 19 years of extensive insurance and financial services experience spanning Life, Annuity, and Property & …
POSTED SEPTEMBER 15, 2026 4:43 PM |
Texas Utility Discloses Customer Data Breach in SEC Filing
CenterPoint Energy CNP.N said in an SEC filing on Monday that the company had become aware in September of an online post by a third party claiming to have obtained a dataset of information on some of its customers. The …
POSTED SEPTEMBER 15, 2026 4:13 PM |
Insurance Companies Join Letter to Push TPLF Disclosure in Federal Courts
Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure requirement. According to a group called the …
POSTED SEPTEMBER 15, 2026 4:12 PM |
NFP Acquires Minnesota’s Moores
NFP announced the acquisition of Moores Insurance Management, Inc., a multi-disciplinary risk management firm based in Minneapolis, Minnesota. Mark Moores, CEO of Moores, will join NFP as senior vice president, Commercial P&C, reporting to Amanda Ruback, managing director of P&C …
POSTED SEPTEMBER 15, 2026 4:08 PM |
Texas Challenger to Nasdaq, NYSE Lands Fifth Company in a Week
Texas Capital Bancshares Inc. will switch its primary listing to the Texas Stock Exchange from Nasdaq, making it the fifth company in a week to jump to the upstart marketplace. The Dallas-based financial services provider expects to begin trading on …
POSTED SEPTEMBER 15, 2026 4:03 PM |
Ryan Specialty Unit Withdraws Protest Over FL Commercial Clearinghouse Contract
Ten days after giving notice that it planned to protest the awarding of a contract to manage a clearinghouse for Florida’s Citizens Property Insurance commercial policies, Ryan Services Group has withdrawn the notice. It’s not that unusual, a Citizens official …
POSTED SEPTEMBER 15, 2026 3:09 PM |
Magnum Says Ben & Jerry’s Chair Fostered Toxic Culture
Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one …
POSTED SEPTEMBER 15, 2026 2:03 PM |
Aon Raises $13.5 Billion From Bond Sale to Fund USI Takeover
Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as much as $65 …
POSTED SEPTEMBER 15, 2026 1:37 PM |
Rig at Citadel’s Miami Construction Site Falls; Injures Four
A rig collapsed in Miami’s financial district at the construction site of Citadel’s new headquarters, crushing several cars and snarling traffic. Videos and pictures provided by Miami Fire Rescue showed three cars impacted by the metal structure with a white …
POSTED SEPTEMBER 15, 2026 1:36 PM |
West News Archives - Insurance Journal
California Governor Signs Act to Create Smoke Damage Presumption
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner …
POSTED SEPTEMBER 15, 2026 4:56 PM |
Drug Maker Paying $32M to Resolve Kickbacks Law Violations in California
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
POSTED SEPTEMBER 15, 2026 5:00 AM |
People Moves: Richardson Named California DWC Administrative Director
The California Department of Industrial Relations swore in Nicole Richardson as administrative director of the Division of Workers’ Compensation on Sept. 1, following her appointment by Gov. Gavin Newsom. Richardson previously served as DWC’s acting administrative director and chief counsel. …
POSTED SEPTEMBER 15, 2026 5:00 AM |
Bamboo Insurance Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Arizona Accuses L’Oreal of Concealing Cancer Risks Linked to Hair Relaxers
Arizona has sued L’Oreal SA and its U.S. subsidiary, alleging the cosmetics company hid evidence that its hair relaxer products could cause cancer in women, as it faces thousands of similar lawsuits from users and their families. Arizona Attorney General …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Northern California Braces for Power Shutoffs Amid Fire Risk
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
POSTED SEPTEMBER 11, 2026 1:21 PM |
People Moves: Burns & Wilcox Adds New West Coast Associate Managing Directors
Burns & Wilcox, headquartered in Famington Hills, Michigan, hired Winston Rendall and Sandra Shambaugh as associate managing directors for the West region. Rendall comes to Burns & Wilcox with 10 years of experience. Most recently, he was vice president of …
POSTED SEPTEMBER 11, 2026 5:00 AM |
Oregon Proposes 2.1% Increase in Pure Premium Workers’ Comp Rates for 2027
Oregon employers will pay 92 cents per $100 of payroll for workers’ compensation coverage on average in 2027, a rate that would be the second lowest on record. A proposal from the Oregon Department of Consumer and Business Services calls …
POSTED SEPTEMBER 10, 2026 3:05 PM |
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
For the first time in three years, capacity is returning to the California homeowners insurance market. The clearest evidence is in the residual market. In the second quarter, the California FAIR Plan added roughly 12,000 residential policies, the fifth consecutive …
POSTED SEPTEMBER 10, 2026 5:00 AM |
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