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News Archives - Insurance Journal
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into …
POSTED JULY 10, 2026 11:35 AM |
Western Europe Records Hottest June on Record, EU Scientists Say
Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature records, disrupted power supplies and shut schools. Last month was also the second-warmest June …
POSTED JULY 10, 2026 11:20 AM |
Southwestern Japan Prepares for Powerful Typhoon Bavi; Taiwan Expects Deluge of Rain
A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon …
POSTED JULY 10, 2026 8:37 AM |
US to Explore Allowing Driverless Cars Without Steering Wheels
The head of the top US auto safety regulator said the agency “absolutely” will consider ending requirements that driverless cars include steering wheels, a potential boon for Tesla Inc. and other robotaxi companies rethinking traditional vehicle design. “If you’re developing …
POSTED JULY 10, 2026 5:26 AM |
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will …
POSTED JULY 10, 2026 5:15 AM |
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …
POSTED JULY 10, 2026 5:15 AM |
El Niño Likely Strongest in 75 Years, US Forecasters Say
The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …
POSTED JULY 10, 2026 5:11 AM |
Viewpoint: Second-Hand Risk – The Growing Threat of Used Equipment in Data Centers
As data center construction accelerates across the U.S. and globally, the conversation has rightly focused on environmental impact and land use. But there is a less viable risk accumulating in the supply chain that we believe risk managers would do …
POSTED JULY 10, 2026 5:08 AM |
Conspiracies, Lies and US Influencers Drive UK Street Violence
When he saw the video, Luqman Saeed knew what was coming. A lecturer at Ulster University in Belfast, he’s spent more than a decade studying how conflicts start and how people are driven to radical ideologies and violent ends. He …
POSTED JULY 10, 2026 5:02 AM |
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting
The Florida Supreme Court just made it a little easier for workplace assault victims to claim workers’ compensation benefits, even if it can’t be proven that an attack was work-related. The high court on Thursday overturned a 2023 ruling from …
POSTED JULY 10, 2026 5:02 AM |
West News Archives - Insurance Journal
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California …
POSTED JULY 10, 2026 5:00 AM |
Trucordia Acquires Assets of Dominion Insurance Services in California
Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group …
POSTED JULY 10, 2026 5:00 AM |
California Bill to Let Insurers Use Driver Telematics Mulled by Legislature
A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law, Proposition 103. The bill, the Consumer Driving Data …
POSTED JULY 09, 2026 2:59 PM |
Apple’s $30B Spend on Broadcom Chips Will Expand Colorado Factory
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday …
POSTED JULY 09, 2026 5:00 AM |
Edison Gets Mixed Rulings on Bid to Spread Blame for LA Wildfire
A judge rejected Southern California Edison’s attempt to shift blame to Los Angeles County for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire …
POSTED JULY 09, 2026 5:00 AM |
Wildfire Risk Rises Across US West as Winds, Dry Lightning Build
Strong winds and dry thunderstorms are raising the risk of fast-moving wildfires across much of the U.S. West, where forecasters warned conditions will favor new ignitions and rapid fire spread through Thursday. An elevated fire-weather outlook, Level 1 on the …
POSTED JULY 08, 2026 1:18 PM |
3 Firefighters Killed in Colorado Remembered for Bravery
With wildfires burning across many Western states, wildland firefighters gathered to pay tribute to three of their own who died after they were trapped by flames a week ago. Emily Barker, Nick Hutcherson and Sydney Watson were remembered on Sunday …
POSTED JULY 08, 2026 1:07 PM |
Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest
Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …
POSTED JULY 08, 2026 5:00 AM |
Organized Jewelry Theft Ringleader in California Handed 16-Year Sentence
The leader of an organized retail theft ring targeting high-end jewelry stores across Southern California was handed a 16-year prison sentence this week. From April 2023 to May 2024, Rodney Allen Flynt Jr. and his accomplices carried out thefts resulting …
POSTED JULY 07, 2026 1:47 PM |
Faster, Fiercer Wildfires Are Testing Evacuation Plans
On a warm summer morning, two fire officials navigate an SUV along a narrow road that switchbacks high into the hills above the town of Fairfax, California, where thickets of trees conceal hundreds of homes. When the road dead-ends, they …
POSTED JULY 07, 2026 1:22 PM |
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