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News Archives - Insurance Journal
SEC Moves to Scrap Biden-Era Rule on Climate Risk Disclosures
The US Securities and Exchange Commission wants to formally kill rules it’s now calling a “dramatic overreach” of its own authority that would have required public companies to report greenhouse gas emissions and climate-related risks to their operations. The 2024 …
POSTED JUNE 01, 2026 5:12 AM |
Roof Costs Soar Even as Claims Decline: Verisk
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn’t slow despite a 20 percent decline in overall claims volume in 2025. Data showed that …
POSTED JUNE 01, 2026 5:12 AM |
Verizon DBIR Says Software Vulnerabilities Aren’t Being Patched Quick Enough
Hackers are still trying to trick people to exploit an organization’s systems, but more breaches now with software vulnerabilities Stolen passwords, or credential abuse, are no longer the top way hackers breach systems, according to Verizon’s latest annual Data Breach …
POSTED JUNE 01, 2026 5:06 AM |
Entrepreneur’s Suit Says My Safe Florida Home Hurricane Shutters Are Fire Hazards
As the 2026 hurricane season blows in today and a state-funded wind-mitigation program remains as popular as ever, a Florida entrepreneur named John Smith wants a word. The My Safe Florida Home program, providing matching grants for window and door …
POSTED JUNE 01, 2026 5:02 AM |
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 |
Bus Hits Cars in Virginia, Killing 5 Massachusetts People and Injuring 34
A bus crashed into vehicles slowing for a work zone on Interstate 95 in Virginia early Friday, killing five people and injuring dozens, including the driver, authorities said. The crash happened at about 2:35 a.m. on southbound I-95 in Stafford …
POSTED JUNE 01, 2026 12:43 AM |
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers this week passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry has heavily opposed the legislative measures, warning that …
POSTED MAY 29, 2026 4:45 PM |
Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says
A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …
POSTED MAY 29, 2026 3:39 PM |
West News Archives - Insurance Journal
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 |
California Drivers Arraigned for Insurance Fraud in Staged Crash Scheme
Four Southern California drivers were arraigned in an alleged staged collision scheme tied to coordinated insurance fraud. The collisions reportedly endangered an innocent driver. The defendants are: Jhoiner Rodriguez Celis, 31, of Anaheim; Melissa Cervantes De La Torre, 30, of …
POSTED MAY 29, 2026 5:00 AM |
Justice Department Sues University of California for Antisemitic Environment
The Department of Justice filed a lawsuit against the University of California for what it says is discrimination against Jewish and Israeli students at its University of California Los Angeles campus. The suit says the environment on the UCLA campus …
POSTED MAY 29, 2026 5:00 AM |
West Coast Chemical Emergencies Raise Questions About Safety
There are millions of chemical tanks around the U.S., and experts say it is exceedingly rare for them to fail as long as they are properly maintained and inspected. Yet this past week, there were two major hazardous chemical emergencies …
POSTED MAY 28, 2026 1:02 PM |
Emergency Reserve Oil Heads to California for First Time
A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said. The unusual movement highlights the redrawing of trade flows and shipping routes as the Iran …
POSTED MAY 28, 2026 5:00 AM |
Insurance Attorneys Flip $1M Hail Claim Into $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found it intentionally interfered with the insurance contract and caused …
POSTED MAY 28, 2026 5:00 AM |
Fatalities Reported in Washington State Packaging Facility Explosion
An accident at a Washington state packaging facility has left at least one person dead, nine missing and nine others injured, with crews working to contain a ruptured tank of caustic chemicals. The incident occurred Tuesday morning at Nippon Dynawave …
POSTED MAY 27, 2026 1:37 PM |
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