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News Archives - Insurance Journal
Missouri Man Pleads Guilty to Destroying Property at Tesla Dealership
A Barnhart, Missouri man pleaded guilty to destroying property at a Telsa dealership in Kansas City, Missouri and to unlawfully possessing an unregistered destructive device. Kevin Harkins, 28, entered a guilty plea today in federal court to one count of …
POSTED SEPTEMBER 29, 2026 4:53 PM |
Oklahoma Court Finds Energy Company Liable for Excessing Prices During Winter Storm
Oklahoma Attorney General Gentner Drummon announced that the state’s lawsuit against NextEra Energy Marketing for allegedly violating Oklahoma law by charging excessive prices for natural gas during Winter Storm Uri will proceed to trial. An Osage County court granted Drummond’s …
POSTED SEPTEMBER 29, 2026 4:34 PM |
A-Cap Insurers Agree to Mediation in Rehab Dispute with SCDOI Director
Advantage Capital Holdings, parent of Atlantic Coast Life Insurance and Southern Atlantic Re, has dropped its lawsuit against the South Carolina insurance department director and has agreed to mediation instead. “The department welcomes the insurers’ decision to put this distraction …
POSTED SEPTEMBER 29, 2026 2:57 PM |
ANV Completes Acquisition of UK Motor Warranty MGA, Car Care Plan
ANV Group Holdings Ltd., the insurance intermediary platform, announced it has completed the acquisition of Car Care Plan (CCP) from AmTrust Financial Services Inc. CCP is the number one provider of motor warranty in the United Kingdom and a market-leading …
POSTED SEPTEMBER 29, 2026 2:44 PM |
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best. In fact, seven of eight years from …
POSTED SEPTEMBER 29, 2026 2:41 PM |
Florida Asks Court to Bar OpenAI From Developing New Models Without Oversight
Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of …
POSTED SEPTEMBER 29, 2026 2:10 PM |
States Challenge FAA Environmental Review of Commercial Drone Package Rules
A group of 15 states and a Texas county on Sept. 28 sued the US Federal Aviation Administration over an environmental review of planned commercial drone package delivery rules. The states — including New York, California, Massachusetts, Wisconsin and Michigan …
POSTED SEPTEMBER 29, 2026 1:11 PM |
Sapphire Minmetals Aims to Expedite $2 Billion Lawsuit Against Glencore: Chairman
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
POSTED SEPTEMBER 29, 2026 1:06 PM |
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
POSTED SEPTEMBER 29, 2026 12:44 PM |
Texas Governor Declares Disaster Over Diesel Prices
Gov. Greg Abbott declared a statewide disaster on Monday over soaring diesel prices and a worsening fuel shortage created by wars abroad. The 30-day disaster declaration, which can be extended indefinitely, allowed Abbott to lift some restrictions on commercial transportation, …
POSTED SEPTEMBER 29, 2026 12:08 PM |
West News Archives - Insurance Journal
Prosecutors Seize Bank Accounts of Montana Firm Linked to Tether
U.S. prosecutors in California have seized millions of dollars from bank accounts and cryptocurrency wallets tied to a Montana payments company reportedly linked to Tether. Owners of Capstone, which acted as a money services business, misrepresented the business as an …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Viewpoint: How Central Valley Agencies Are Serving Clients After State Farm’s Pullback
California property insurance shopping has changed its order of operations. Five years ago, a homeowner or small-business owner who called an independent agency often expected a comparison of several carriers and a conversation about price. Today, the first question is …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Lawsuits Allege Six Flags Roller Coaster Caused Traumatic Brain Injuries
Three people who went to California’s Six Flags Magic Mountain have filed lawsuits saying they were left with traumatic brain injuries from the park’s famed X2 roller coaster that is advertised as a rite of passage for the “ultimate daredevil.” …
POSTED SEPTEMBER 28, 2026 5:00 AM |
California’s El Niño Emergency Begins Now as Beaches Erode
California is facing a potentially multi-billion-dollar flood threat as El Niño gathers strength in the Pacific Ocean. The warming El Niño phenomenon tends to unleash powerful storms in the Pacific, including atmospheric rivers, some of which are named the “Pineapple …
POSTED SEPTEMBER 28, 2026 5:00 AM |
Hurricane Nolo Threatens Hawaii With Catastrophic Flooding
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …
POSTED SEPTEMBER 25, 2026 2:04 PM |
Southern California Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Oracle Cites ‘Force Majeure’ on Controversial New Mexico Data Center
Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project’s …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Hurricane Watch Posted on Hawaii’s Big Island as Nolo Approaches
A hurricane watch has been issued for Hawaii’s Big Island as Tropical Storm Nolo strengthens south of the island chain. Nolo, with top winds of 40 miles (64 kilometers) per hour was 500 miles south of Honolulu and on a …
POSTED SEPTEMBER 24, 2026 1:53 PM |
People Moves: Alliant Insurance Services Adds Esarey to LA Employee Benefits Team
Barrett Esarey joined Alliant Insurance Services as vice president within its employee benefits group. Based in Los Angeles, California, Esarey serves a national client base, helping employers develop strategic benefits programs that address evolving workforce needs and support long-term business …
POSTED SEPTEMBER 24, 2026 5:00 AM |
Corgi Insurance in California Expands Trucking Program to Cover Tow Trucks
San Francisco-based Corgi Insurance is expanding its trucking insurance program to include towing and tow-truck businesses. Tow trucks spend much of their time on the road, but their core exposure comes from transporting, handling and storing other people’s vehicles. Corgi’s …
POSTED SEPTEMBER 24, 2026 5:00 AM |
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