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News Archives - Insurance Journal
Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the …
POSTED MARCH 16, 2026 5:30 PM |
Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit
Farmers Insurance alleges in a lawsuit that a former agent in Oklahoma conspired to move Farmers’ insureds to other insurance companies, including an agency where his wife works. Farmers alleges that Bradley McKinney broke his Agent Appointment Agreement with Farmers …
POSTED MARCH 16, 2026 4:49 PM |
After Milton’s Damage to Stadium, St. Pete Votes to Raise Coverage to $50M
The city of St. Petersburg, Florida, in 2024 famously lowered its insurance coverage on Tropicana Field, the longtime home of the Tampa Bay Rays baseball team. The move saved the city some $275,000 in annual premium but slashed coverage limits …
POSTED MARCH 16, 2026 4:47 PM |
People Moves: TMK Appoints Glover From AIG as Aviation Underwriter
TMK Appoints Glover From AIG as Aviation Underwriter Specialty insurer Tokio Marine Kiln (TMK) announced it has appointed Cameron Glover as an underwriter within its Aviation department. He takes up his new role within the expanding Aerospace division writing airport …
POSTED MARCH 16, 2026 4:41 PM |
US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, according to Moody’s Ratings, without coverage of liability risk, …
POSTED MARCH 16, 2026 4:08 PM |
Encyclopedia Britannica Sues OpenAI Over AI Training
Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models. Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online articles …
POSTED MARCH 16, 2026 4:04 PM |
Judge Sides With Florida Citizens in Another Win for DOAH Arbitration Plan
A Florida judge has given another win to Citizens Property Insurance Corp., finding that the state-created insurer’s arbitration endorsement is constitutional and enforceable. “Final judgment is granted in favor of Citizens and against the plaintiff as to this declaration that …
POSTED MARCH 16, 2026 3:37 PM |
US Data Center Boom Slows Due to Power Grid Limits, Consultancy Says
US data center development has slowed because the power grid is reaching its limit to accommodate more large facilities, according to research from energy consultancy Wood Mackenzie. Developers added data centers that would consume about 25 gigawatts of electricity to …
POSTED MARCH 16, 2026 2:28 PM |
US Charges Man Accused of Selling Gun to Old Dominion University Shooter
A man was charged week with selling a stolen gun to Mohamed Bailor Jalloh, a former member of the Army National Guard who used it to kill one person and wound two others at Old Dominion University, federal authorities said. …
POSTED MARCH 16, 2026 2:23 PM |
TPG Launches Third Wave Brokerage, Which Acquires Palmer & Cay in Atlanta
In a three-way deal, TPG, an asset management firm, has launched an insurance brokerage with offices in South Carolina. That brokerage, Third Wave Insurance, has acquired Palmer & Cay, an insurance and employee benefits brokerage in Atlanta. Palmer & Cay, …
POSTED MARCH 16, 2026 2:12 PM |
West News Archives - Insurance Journal
Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the …
POSTED MARCH 16, 2026 5:30 PM |
Busiest US Seaport Largely Insulated From Iran War Disruptions, Exec Director Says
The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday. The Iran war has …
POSTED MARCH 16, 2026 5:00 AM |
Uber And Motional Launch Commercial Robotaxi Service in Las Vegas
Uber and Hyundai Motor-backed autonomous vehicle firm Motional launched a commercial robotaxi service in Las Vegas on Friday, the latest in a string of similar tie-ups as the ride-hailing platform doubles down on its self-driving taxi strategy. Related: Amazon’s Zoox …
POSTED MARCH 16, 2026 5:00 AM |
‘Nation’s First’ Smoke Damage Standards Bill Wending Through California Legislature
A bill to create a statewide framework for handling wildfire smoke damage insurance claims is now making its way through California Legislature. The Smoke Damage Recovery Act, which primary backer Insurance Commissioner Ricardo Lara said stems from the recovery process …
POSTED MARCH 13, 2026 7:12 PM |
Expanding Alaska Glacial Lakes Increasing Risk of Destructive Floods
Every summer, people living near the Mendenhall River in Juneau, Alaska, keep a close eye on the water level. When the river level begins to rise rapidly, it’s a sign that Suicide Basin, a small glacier-dammed lake 5 miles up …
POSTED MARCH 13, 2026 5:00 AM |
Muni Bonds in California Get Expensive Amid Flurry of Demand
Municipal bond investors are clamoring for tax-free debt sold by California issuers. That demand is benefiting borrowers across the state — even ones without AAA credit ratings. In general, U.S. state and local government debt has gotten more expensive this …
POSTED MARCH 13, 2026 5:00 AM |
People Moves: Surplus Lines Association of Washington Elects Board of Directors
The Surplus Lines Association of Washington elected officers for the upcoming term at their 2026 annual meeting, including President Cristi Carrington, Vice President Gretchen Echelbarger, Secretary/Treasurer Katy Peterson, and Past President Connie Divelbiss. The association also announced the election of …
POSTED MARCH 13, 2026 5:00 AM |
Once a Beacon of Cheap Homes, Nevada Is a Symbol of the Struggle With High Costs
When his parents were about his age, they bought their first home. But for 27-year-old Brian Torres Suazo, that milestone feels like a distant dream, despite a secure job with union wages and down payment assistance. Torres Suazo expects to …
POSTED MARCH 12, 2026 5:00 AM |
Vouch in California Adds Financial, Health & Life Sciences and Professional Services
Vouch is expanding its brokerage services into financial services, health & life sciences and professional services. The San Francisco, California-based company is extending its capabilities to verticals with similar risk patterns it already serves: investor scrutiny, regulatory requirements and coverage …
POSTED MARCH 12, 2026 5:00 AM |
Millionaire Tax Advances in Washington State as Legal Duel Looms
Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight over a nearly century-old legal ruling. The state’s Democratic-controlled House of Representatives …
POSTED MARCH 12, 2026 5:00 AM |
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