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News Archives - Insurance Journal
Goldman Helps Lead Financing for 5-Gigawatt Texas AI Power Sites
Goldman Sachs Group Inc. is co-leading financing for a Texas project to build private power campuses for artificial intelligence. The New York banking giant is working with real estate advisory Newmark Group Inc. to raise both equity and credit for …
POSTED DECEMBER 31, 2025 3:48 PM |
Texas Secures $1.25M Settlement from Hyatt for Consumer Protection Violations
Texas Attorney General Ken Paxton secured a $1.25 million settlement with Hyatt Corporation for violating Texas consumer protection laws by marketing hotel rooms at prices that were not available to the public as advertised. Paxton’s lawsuit against the company alleged …
POSTED DECEMBER 31, 2025 3:38 PM |
Michigan AG Provides Tips to Avoid Storm-Related Scams
Michigan Attorney General Dana Nessel sent a reminder to residents to watch out for post-storm scams after a winter storm brought frigid air and more than two feet of snow to much of the state. To avoid falling victim to …
POSTED DECEMBER 31, 2025 3:31 PM |
Ohio Wendy’s Sued for Disability and Age Discrimination
Wendy’s International, LLC violated federal law when it discriminated against a district manager because of disability and age, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced. According to the lawsuit, Wendy’s International, LLC, which owns and …
POSTED DECEMBER 31, 2025 3:24 PM |
Last of 7 Kentucky Crop Insurance Fraudsters Sentenced to Prison Time
A wide net cast by the U.S. Department of Agriculture and the FBI has landed its final catch—prison time for the last of six Kentucky farmers and a warehouse manager found guilty of a long-running tobacco crop-insurance fraud scheme. Larry …
POSTED DECEMBER 31, 2025 2:59 PM |
Target, Walmart, Whole Foods Targeted in Botulism Suits
Target Corp., Whole Foods Market and Walmart Inc. will be added as defendants in lawsuits against baby formula maker ByHeart for selling a product potentially contaminated with spores that cause infant botulism. Bill Marler, a prominent foodborne-illness attorney who is …
POSTED DECEMBER 31, 2025 2:38 PM |
Brown University Faces US Probe Over Security After Deadly Shooting
Brown University placed its campus police chief on administrative leave and the Trump administration announced an investigation into the school’s security measures after a shooting rampage this month that killed two students and injured nine others. The Education Department’s Office …
POSTED DECEMBER 31, 2025 2:08 PM |
Tech Update: Zurich Launches AI-Powered Tool to Boost Multinational Contract Certainty
Zurich Insurance Group has launched Zurich Program IQ to help multinational businesses operate with confidence in an increasingly complex risk environment. This new AI-powered tool has been designed to further enhance contract certainty of multinational insurance programs across multiple regions, …
POSTED DECEMBER 31, 2025 12:09 PM |
Mexico Train Derailment Piles Pressure on Sheinbaum Over Safety of Megaprojects
Mexico’s President Claudia Sheinbaum deferred questions on Tuesday about the record of a passenger train that derailed over the weekend, killing 13 people and injuring 98 others, the latest in a series of accidents that have put pressure on her …
POSTED DECEMBER 31, 2025 11:50 AM |
Some Good Climate News to End the Year
Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need to be to avoid catastrophic climate change, but there were silver linings too. The world is decarbonizing faster than was …
POSTED DECEMBER 31, 2025 10:18 AM |
West News Archives - Insurance Journal
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the highest …
POSTED DECEMBER 31, 2025 6:00 AM |
Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast
Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …
POSTED DECEMBER 31, 2025 6:00 AM |
New Laws Impacting California Drivers in 2026
New laws affecting California drivers set to go into effect on Jan. 1, 2026, include stricter laws for drunk driving, speeding in school zones and automated traffic camera enforcement. The California Department of Motor Vehicles compiled a list of new …
POSTED DECEMBER 31, 2025 6:00 AM |
Colorado Faces $24M Funding Cut for Illegal Commercial Driver’s Licenses
The head of the U.S. Department of Transportation threatened to withhold $24 million in federal funding from the state of Colorado for what he described as a slow response to a major violation of federal commercial driver’s license regulations. Transportation …
POSTED DECEMBER 30, 2025 3:18 PM |
People Moves: Igarashi Joins Alliant’s Western Region Benefits Team
Jaycy Igarashi joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Irvine, Igarashi has more than a decade of experience, most recently serving as a partner in employee benefits at The Baldwin Group. He …
POSTED DECEMBER 30, 2025 6:00 AM |
California AG Puts out Price Gouging Alert Following Emergency Declaration
California Attorney General Rob Bonta issued a consumer alert following the Gov. Gavin Newsom’s emergency declaration in response to powerful winter storms that struck over th weekend, with more rain and wind on tap. A series of atmospheric rivers brought …
POSTED DECEMBER 30, 2025 6:00 AM |
Waymo’s San Francisco Outage Raises Doubts Over Robotaxi Readiness During Crises
A widespread power outage in San Francisco that led to Waymo robotaxis stalling and snarling traffic earlier this month has raised concerns about the readiness of autonomous vehicle operators to tackle major emergencies like earthquakes and floods. Driverless taxis from …
POSTED DECEMBER 29, 2025 2:38 PM |
People Moves: Aspire Promotes Storms to COO, Burton to EVP and CUO
Aspire promoted Myles Storms to chief operating officer, where he oversees corporate operations, brand, customer experience, project management, UAT and mailroom operations. Since joining Aspire, he has served as senior vice president and vice president of operations, director of corporate …
POSTED DECEMBER 29, 2025 6:00 AM |
Top West Region Insurance Journal Stories of 2025
California’s wildfire and homeowners insurance crisis were the most read stories in Insurance Journal’s Western region this year. It was a year that saw several major insurers draw back from writing homeowners policies in the state, prompting the state’s insurance …
POSTED DECEMBER 29, 2025 6:00 AM |
California Ditches Fight With Feds For High-Speed Rail Funds
California has withdrawn a lawsuit against the Trump administration that sought to recover roughly $4 billion in federal funds pulled from the state’s long-delayed high-speed rail project, after concluding it can no longer rely on the federal government to help …
POSTED DECEMBER 29, 2025 6:00 AM |
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