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News Archives - Insurance Journal
International Criminal Court, AXA Cut Ties Amid Trump Campaign Against Court
The International Criminal Court has ended its contract with French life and health insurer AXA starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said. The spokesperson gave no reason …
POSTED OCTOBER 02, 2026 9:38 AM |
ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years
ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improperly used confidential client information to win business. The …
POSTED OCTOBER 02, 2026 9:22 AM |
Ohio Mutual Completes Merger of Idaho-Based Gem State
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
POSTED OCTOBER 02, 2026 8:00 AM |
Wisconsin Workers’ Comp Rates Decrease for 11th Straight Year
Wisconsin workers’ compensation rates will decrease by approximately 2% over the coming year, making the 11th straight year the state has seen premiums decline. The rate decrease, which went into effect October 1, saves an estimated $36 million for policies, …
POSTED OCTOBER 02, 2026 8:00 AM |
Trump’s Proposed Ban on Diesel Exports Could Hurt Texas Refineries
The Trump Administration is pushing for a 90-day ban on diesel exports intended to rapidly lower climbing fuel prices for consumers, a proposal that, if enacted, will hurt the constellation of Texas refineries in the Gulf Coast and deal a …
POSTED OCTOBER 02, 2026 8:00 AM |
TSMC Mulls Multibillion-Dollar Texas Site for More AI Chips
Taiwan Semiconductor Manufacturing Co. is weighing a new campus in Texas that would add tens of billions of dollars in new investment to the company’s multiyear expansion into chipmaking in the US. The go-to chipmaker for Nvidia Corp. and Apple …
POSTED OCTOBER 02, 2026 7:00 AM |
Viewpoint: State Socialism Meets Insurance
A free market with limited government intervention has long been a pillar of Republican economic orthodoxy. Today’s Republican party has deviated from its laissez-faire economic roots. It has instead embarked headlong on populist economic policies. Policy initiatives exemplifying its populist …
POSTED OCTOBER 02, 2026 5:44 AM |
FTC Probing OpenAI, Anthropic Over Product Safety Concerns
The Federal Trade Commission is scrutinizing OpenAI, Anthropic PBC and other artificial intelligence companies about the safety of their products amid high-profile cybersecurity incidents, according to a person familiar with the matter. The agency is preparing to send formal demands …
POSTED OCTOBER 02, 2026 5:25 AM |
CFTC Secures $30 Million Judgment Tied to Alleged Crypto Scam
A federal judge in Florida ordered two individuals to pay more than $30 million in restitution and penalties for allegedly defrauding more than 9,000 people in a scam involving crytocurrencies and precious metals, the US Commodity Futures Trading Commission said …
POSTED OCTOBER 02, 2026 5:11 AM |
AI Safety Measures Widely Backed by Most Americans, Poll Finds
A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety …
POSTED OCTOBER 02, 2026 5:06 AM |
West News Archives - Insurance Journal
Ohio Mutual Completes Merger of Idaho-Based Gem State
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
POSTED OCTOBER 02, 2026 8:00 AM |
Southern California Utilities Prep Shutoffs as Fire Risk Surges
Thousands of homes and businesses in Southern California have been warned of the potential for power cuts in the coming days as a heat wave boosts wildfire risk throughout the region. With triple-digit temperatures expected this weekend, Edison International’s Southern …
POSTED OCTOBER 02, 2026 5:00 AM |
Lyft to Pay $272.5 Million to Settle California Driver Misclassification Claims
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go directly to drivers. More than 1,600 drivers who filed wage claims through LCO’s …
POSTED OCTOBER 02, 2026 5:00 AM |
Study: Residents Near Maui Wildfires Show Elevated Metals Linked to Lung Health Impacts
Metal mixtures found in the leftover smoke, ash and debris from the deadly 2023 Maui wildfires were harmful to the lung health of people living nearby long after the burning ended, a new study says. The work shows that major …
POSTED OCTOBER 02, 2026 5:00 AM |
Sea Level Rise Is Reshaping A California Beach Town, Threatening A Key Rail Line
For years, residents of this Southern California beach town could walk a mile along a stretch of cream-colored sand and dip their toes in the waves lapping ashore. That trip has been cut short. Coastal erosion has been eating away …
POSTED OCTOBER 01, 2026 5:00 AM |
Outmarket in California AI Raises $34.5M Series B
San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …
POSTED OCTOBER 01, 2026 5:00 AM |
Viewpoint: Idaho Supreme Court Finds Minimum Limit UIM Coverage Illusory
I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Six Flags Closes California Roller Coaster Targeted by Lawsuits
Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a multitude of safety tests, we have decided to close the …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Prosecutors Seize Bank Accounts of Montana Firm Linked to Tether
U.S. prosecutors in California have seized millions of dollars from bank accounts and cryptocurrency wallets tied to a Montana payments company reportedly linked to Tether. Owners of Capstone, which acted as a money services business, misrepresented the business as an …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Viewpoint: How Central Valley Agencies Are Serving Clients After State Farm’s Pullback
California property insurance shopping has changed its order of operations. Five years ago, a homeowner or small-business owner who called an independent agency often expected a comparison of several carriers and a conversation about price. Today, the first question is …
POSTED SEPTEMBER 29, 2026 5:00 AM |
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