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News Archives - Insurance Journal
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. “The orderly completion of the renewal, with no structural disruption, disciplined capacity and cedent-friendly pricing outcomes, …
POSTED APRIL 02, 2026 4:19 PM |
Toymaker Hasbro Reports Cybersecurity Incident
Pawtucket, Rhode Island-based toymaker Hasbro, Inc. reported it is investigating a cybersecurity incident after identifying unauthorized access to its network on March 28. The company said it has taken certain systems offline and launched an investigation with the assistance of …
POSTED APRIL 02, 2026 4:04 PM |
Mississippi Lawmakers Revive Wind-Mitigation Program with $15,000 Grants
Mississippi will soon become the latest state to provide wind-mitigation grants for homeowners if the governor signs bills approved by lawmakers this week. Senate Bill 2049 revives a 20-year-old retrofit plan and creates the Strengthen Mississippi Homes Program, providing grants …
POSTED APRIL 02, 2026 3:57 PM |
Georgia Boards Owe $3M to Military Spouses With Out-of-State Licenses
The state of Georgia must pay some 5,000 military service members and their spouses a total of $3 million to settle charges that state boards failed to recognize out-of-state professional licenses. The U.S. Department of Justice announced this week that …
POSTED APRIL 02, 2026 2:49 PM |
US Exempts Gulf of Mexico Drillers From Endangered Species Rules
A committee of senior officials in President Donald Trump’s administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles. The decision, …
POSTED APRIL 02, 2026 2:32 PM |
Kroger Houston Division Faces Lawsuit for Disability Discrimination
Kroger Texas L.P. – Houston Division, operator of Kroger grocery store #300 in Houston’s Clear Lake/NASA area, violated federal employment law when it failed to accommodate and then fired an employee because of her disability, the U.S. Equal Employment Opportunity …
POSTED APRIL 02, 2026 2:28 PM |
Texas Woman Loses Wrongful Arrest Lawsuit in Controversial Abortion Case
A Trump-appointed federal judge in South Texas this week dismissed a lawsuit filed by a woman in the Rio Grande Valley who alleged that her rights were violated after prosecutors charged her with murder in a controversial case that made …
POSTED APRIL 02, 2026 2:20 PM |
Tugboat Captain Charged in Crash That Killed 3 Girls from Miami Sailing Camp
A tugboat captain has been charged in a deadly Miami collision in July that killed three girls from a sailing camp, federal prosecutors said Tuesday. Yusiel Lopez Insua, 46, of Miami, faces a charge of seaman’s manslaughter in the crash, …
POSTED APRIL 02, 2026 1:57 PM |
Fleet Lender Pays $1.64M to California to Settle False Claims Allegations
A commercial fleet lender is paying $1.64 million to settle allegations it made false claims to take advantage of a loan loss insurance program. California Attorney General Rob Bonta settled with Crossroads Equipment Lease and Finance over alleged false claims …
POSTED APRIL 02, 2026 1:54 PM |
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme
Federal law enforcement officials report they arrested Zhan Petrosyants, charging him with operating an extensive no-fault automobile insurance fraud scheme that involved submitting tens of millions of dollars in fraudulent medical claims and laundering the proceeds. Petrosyants, 44, also known …
POSTED APRIL 02, 2026 1:50 PM |
West News Archives - Insurance Journal
Fleet Lender Pays $1.64M to California to Settle False Claims Allegations
A commercial fleet lender is paying $1.64 million to settle allegations it made false claims to take advantage of a loan loss insurance program. California Attorney General Rob Bonta settled with Crossroads Equipment Lease and Finance over alleged false claims …
POSTED APRIL 02, 2026 1:54 PM |
People Moves: Lockton Expands California Footprint in Life Sciences
Lockton has expanded its presence in California across the evolving life sciences sector, hiring Cristina Varner as senior vice president and life sciences practice leader for the West region. Varner has more than 25 years of experience in the life …
POSTED APRIL 02, 2026 5:00 AM |
California Drought, Wildfire Risks Grow as Snow Falls Short
California is heading into its dry season with just a fraction of the snow it typically has across its highest peaks at the end of its winter months, raising the prospects of drought across the most populous U.S. state. Statewide, …
POSTED APRIL 02, 2026 5:00 AM |
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …
POSTED APRIL 01, 2026 5:00 AM |
California AG Bonta Says Sable Restart Won’t Lower Oil Prices
The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview on Bloomberg Televison. Houston-based oil driller Sable Offshore …
POSTED APRIL 01, 2026 5:00 AM |
FAA Imposes Restrictions on Some Landings at San Francisco Airport
The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …
POSTED MARCH 31, 2026 5:30 PM |
How California’s Ambitious Car Pollution Rules Made Everyone’s Air Cleaner
Cars on the road today are 99% cleaner than they were in 1970. Air quality in the United States is much, much better as a result. In Los Angeles, where I live, lead levels in the air were 50 times …
POSTED MARCH 31, 2026 1:54 PM |
LA Utility Taps Muni Market as Buyers Weigh Wildfire Legal Risk
Los Angeles’ water and power utility is tapping the municipal bond market with its first offering since a judge ruled last month that the utility must face hundreds of lawsuits faulting its response to the devastating 2025 Palisades Fire. The …
POSTED MARCH 31, 2026 5:00 AM |
3 Killed in Tour Company Helicopter Crash Coast of Kauai
A sightseeing company’s helicopter crashed near a remote beach off the coast of the Hawaiian island of Kauai, killing three people and injuring two others, authorities said. It was the latest in a series of fatal crashes that has plagued …
POSTED MARCH 31, 2026 5:00 AM |
Hawaii to Take Over Aging Dam After Failure Scare During Floods
A 120-year-old Hawaii dam that reached worrisome levels during heavy rains and devastating flooding, prompting thousands of residents to evacuate for fear of life-threatening failure last week, will soon be taken over by the state. The state’s land board on …
POSTED MARCH 30, 2026 1:42 PM |
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