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News Archives - Insurance Journal
Resilience Launches Cyber Risk Program for Private Equity
Resilience launched a private equity cyber risk program that the San Francisco-based company said will help private equity firms manage cyber exposure across their portfolios. The program connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance …
POSTED JUNE 03, 2026 1:01 PM |
Novacore Adds Euclid Design to Its Professional Underwriters Agency
Pennsylvania-based specialty insurance provider Novacore announced the addition of Euclid Design Underwriters to its Professional Underwriters Agency (PUA) program. Euclid Design Underwriters is a specialized managing general agent focused on errors and omissions (E&O) coverage for architects, engineers and design …
POSTED JUNE 03, 2026 12:44 PM |
Extreme Weather to Drive $20 Trillion in Spending
Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a …
POSTED JUNE 03, 2026 12:35 PM |
King Risk Partners Acquires Construction Insurance Specialist
King Risk Partners has acquired The Roberts Agency, Inc., an independent insurance agency specializing in the construction industry that is based in Bloomfield, Connecticut. This partnership strengthens King Risk Partners’ presence in Connecticut while expanding its construction insurance and surety …
POSTED JUNE 03, 2026 11:30 AM |
Texas Lifts Bans on CDLs for Temporary Agriculture Workers
The Texas Department of Public Safety on Monday lifted a restriction on commercial drivers licenses and permits for immigrants with temporary agriculture work visas and removed the Spanish language option for CDL tests following changes in federal requirements. In September, …
POSTED JUNE 03, 2026 9:00 AM |
Okla. Workers’ Compensation Commission Warns of Scam Targeting Injured Workers
The Oklahoma Workers’ Compensation Commission is alerting residents of a scam targeting injured workers. Scammers have contacted injured workers by phone, text message, or social media by claiming to be a workers’ compensation attorney, according to the commission. The scammer …
POSTED JUNE 03, 2026 8:00 AM |
US Looks to Unblock Hormuz With Quiet Version of Project Freedom
A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Rather than …
POSTED JUNE 03, 2026 7:46 AM |
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally
The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …
POSTED JUNE 03, 2026 7:26 AM |
SEC, Musk Defend Settlement After Judge Cites ‘Red Flags’
A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit came after almost a year of negotiations, attorneys for the agency said Monday after a judge raised concerns about the …
POSTED JUNE 03, 2026 5:11 AM |
Business Moves: Buy of Fortegra Completed by Korean Insurer DB
The Fortegra Group said its acquisition by South Korea’s DB Insurance Co. has been completed. Jacksonville, Florida-based Fortegra will operate independently and keep its existing leadership team as well as distribution relationships. “Agents, distribution partners, and customers will continue to …
POSTED JUNE 03, 2026 5:08 AM |
West News Archives - Insurance Journal
Resilience Launches Cyber Risk Program for Private Equity
Resilience launched a private equity cyber risk program that the San Francisco-based company said will help private equity firms manage cyber exposure across their portfolios. The program connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance …
POSTED JUNE 03, 2026 1:01 PM |
Buckner Expanding Operations in Utah With New Office
Buckner is opening its eighth office location, this one in St. George, Utah. Jameson Carr will help lead Buckner’s expansion efforts in Southern Utah. Salt Lake City-based Buckner is a regional brokerage with more than $50 million in reported annual …
POSTED JUNE 03, 2026 5:00 AM |
Sentry to Sponsor PGA Tournament at Torrey Pines
Sentry Insurance will take over as the sponsor of the PGA Tour event at Torrey Pines Golf Course in San Diego, Calif. The tournament, which will be named The Sentry, will take place Jan. 27-30, 2027. The iconic Torrey Pines …
POSTED JUNE 02, 2026 4:51 PM |
California Suing Former 23andMe Firm for 2023 Data Breach
California Attorney General Rob Bonta filed a lawsuit against the DNA company formerly known as 23andMe for failing to protect consumer data. Bonta sued Chrome Holding Co., formerly known as 23andMe, for failing to protect its customers’ personal information and …
POSTED JUNE 02, 2026 1:18 PM |
Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
Lack of transparency in property protection classifications from a state rating bureau is one of the biggest concerns from people involved with fighting fires in Washington, a new report from the Washington state Office of the Insurance Commissioner shows. The …
POSTED JUNE 02, 2026 5:00 AM |
California Overhauls Carbon Market Over Affordability Concerns
California has become the latest Democratic-led state to retreat on climate goals amid affordability concerns as regulators Friday revamped its carbon market to ease costs to the oil industry. The California Air Resources Board (CARB) voted to give up as …
POSTED JUNE 01, 2026 1:12 PM |
Southern California Property Fight That Hit Several Banks Spurs $1.34B Award
A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing …
POSTED JUNE 01, 2026 5:00 AM |
San Francisco Rents Spike 22% in a Year, Far Outpacing Other US Cities
In San Francisco’s latest real estate boom, renters are paying cash up front, multimillion-dollar houses are selling auction-style and AI company stock can buy a sprawling hilltop estate. It’s a reflection of the new wave of wealth from the artificial …
POSTED JUNE 01, 2026 5:00 AM |
Insurance Platform Corgi Valued at $2.6B in Funding Round
AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite for startups using artificial intelligence to …
POSTED JUNE 01, 2026 5:00 AM |
Number of Deaths Rises in Washington Paper Mill Explosion
At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …
POSTED MAY 29, 2026 1:48 PM |
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