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News Archives - Insurance Journal
Ukrainian Drones Hit Russia’s Top Data Center in Attack on AI Ambitions
Ukrainian drones hit Russia’s biggest data center on Wednesday, part of a series of attacks appearing to target Moscow’s ambitions to develop Russian artificial intelligence capabilities on a par with those from the US and China. The strike on the …
POSTED OCTOBER 14, 2026 3:13 PM |
Ga. Commissioner’s Office Investigating as Six Flags Closes 10 Rides After Fatality
Six Flags Entertainment Corp. has temporarily closed 10 rides at seven of its amusement parks, and the Georgia insurance commissioner’s office and local police are investigating after a man fell to his death from a roller coaster. Cobb County Police …
POSTED OCTOBER 14, 2026 2:41 PM |
Business Moves: Liberty Mutual to Buy Brazil’s Austral Seguradora
Liberty Mutual Insurance said it has an agreement to acquire Austral Seguradora, a top-five Brazilian surety provider headquartered in Rio de Janeiro. Upon completion of the transaction, Liberty Mutual said it will be one of the largest surety providers in …
POSTED OCTOBER 14, 2026 2:41 PM |
Illinois Launches Cover Crop Insurance Savings Program for 2027
The Illinois Department of Agriculture (IDOA) is offering its insurance discount program for cover crops for the eighth year. The program, called Fall Covers for Spring Savings Program, encourages cover crop acres not supported by other state or federal incentives. …
POSTED OCTOBER 14, 2026 2:23 PM |
Shipping, Insurance Costs for Energy Flows Surge, OPEC, non-OPEC Ministers Say
Ministers of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC participating countries in the Declaration of Cooperation said shipping and insurance costs have surged to unprecedented levels – over one third of the commodity value, impeding efficient movement …
POSTED OCTOBER 14, 2026 2:13 PM |
Kroger Plans to Slash 37% of Corporate Jobs in Next Three Years
Kroger Co. plans to cut more than one-third of its corporate headcount as the grocer seeks to simplify operations and compete more effectively under new Chief Executive Officer Greg Foran. The Cincinnati-based company will eliminate about 3,000 roles across various …
POSTED OCTOBER 14, 2026 2:04 PM |
Business Interruption Claims Approach $1M Average, Says Allianz
The average cost of a business interruption claim is nearing $1 million, an upward trend that appears to have several causes. A new report shows BI losses are being pushed up by natural catastrophes, growing risk in supply chains, rising …
POSTED OCTOBER 14, 2026 1:49 PM |
Europe’s Insurers Cut Coverage of Weather Losses, Report Says
Insurers are withdrawing coverage for climate-driven risks and increasingly passing on losses to governments and homeowners, according to a report published by UK-based nonprofit Inside Track. The warning adds to concerns voiced publicly by others in the industry. Last month, …
POSTED OCTOBER 14, 2026 1:30 PM |
Fairfax to Buy IDBI for $5.6 Billion in Biggest India Bank Deal
Canadian billionaire Prem Watsa’s Fairfax Financial Holdings Ltd. will acquire a stake in IDBI Bank Ltd. for 528.78 billion rupees ($5.6 billion), making it the biggest foreign investment in India’s rapidly growing financial services sector. Fairfax Financial will own 60.72% …
POSTED OCTOBER 14, 2026 1:14 PM |
IMF, World Bank Launch ‘Bangkok Blueprint’ to Fight Cyber Fraud
The International Monetary Fund and World Bank on Oct. 14 released a framework for tackling cyber-enabled fraud, as the Thai government underlined the mounting cost of online scams that have roiled the region. The framework, known as the Bangkok Blueprint …
POSTED OCTOBER 14, 2026 1:05 PM |
West News Archives - Insurance Journal
Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
A new report looks into how to put more resources into prevention before a wildfire strikes, maintain resilience and direct new investment where it can deliver the greatest value using Napa, California as a case study. The Napa County wildfire …
POSTED OCTOBER 14, 2026 5:00 AM |
Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
Edison International shares fell over 3% on Tuesday after short seller Muddy Waters said it had uncovered new information suggesting the utility acted with “conscious” or “willful” disregard in the Eaton Fire. Related: Southern California Edison Chief Warns Wildfire Impasse …
POSTED OCTOBER 13, 2026 7:11 PM |
Las Vegas Business Owner Pleads Guilty in Staged Armed Robbery Fraud Scheme
A Las Vegas business owner pleaded guilty to arranging a fake armed robbery of his cellphone repair store to collect an insurance payout. Erwin Lanada, owner of CPR Cellphone Repair, pleaded guilty to one count of mail fraud. According to …
POSTED OCTOBER 13, 2026 3:26 PM |
Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
As climate change increases the threat of destructive wildfires, traditional mortgage lenders are making it harder or more expensive to secure a home loan in fire-prone parts of California. Online lenders are behaving differently. Fintech lenders — companies that originate …
POSTED OCTOBER 13, 2026 5:00 AM |
PG&E Warns of Possible Weekend Power Shutoffs Amid Windy California Weather
PG&E Corp. is warning that it may shut off power to some customers in northern California this weekend as dry winds elevate the risk of wildfires. California’s biggest utility may switch off power in as many as seven counties north …
POSTED OCTOBER 09, 2026 5:00 AM |
California Workers’ Comp Combined Ratio Highest in More Than 20 Years
The projected combined ratio for California workers’ compensation insurers reached 127% in 2025, the highest in more than 20 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its latest Quarterly Experience Report, which delves …
POSTED OCTOBER 08, 2026 6:00 PM |
Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
Where there’s smoke there’s fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires that struck California in recent years is that smoke claims became a bigger issue …
POSTED OCTOBER 08, 2026 5:00 AM |
Don’t Sweat the Heatwave, El Niño Is Cooking up Some Raucous Weather for California
Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …
POSTED OCTOBER 07, 2026 11:00 AM |
Corgi Insurance Launches Fine Arts, Sports and Entertainment Coverage
San Francisco-based Corgi Insurance has launched fine arts coverage for individuals and businesses, and it introduced Golden by Corgi, a sports and entertainment insurance platform offering coverage through its surplus lines carrier. The fine arts coverage protects eligible artwork and …
POSTED OCTOBER 07, 2026 5:00 AM |
ICW Group Expands Commercial Lines Portfolio in California
ICW Group Insurance Companies is launching five commercial lines for California businesses to complement the company’s workers’ compensation offering. The company is now accepting submissions for policies effective Jan. 1, 2027, and beyond. The new offerings include commercial property, general …
POSTED OCTOBER 06, 2026 12:37 PM |
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