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News Archives - Insurance Journal
Beazley Shareholders Approve Zurich’s $10.9 Billion Cash Takeover
London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day. The acquisition, which follows a series of …
POSTED APRIL 23, 2026 8:47 AM |
Viewpoint: Middle Market Businesses Are Cutting Costs – But May Be Increasing Risks
When I talk with our agents that serve middle market clients, the same themes consistently emerge: middle market businesses are optimistic, but they’re also fatigued and looking for more than traditional risk transfer from their insurance partners. Many owners are …
POSTED APRIL 23, 2026 6:03 AM |
People Moves: Goldie to Oversee Nationwide’s Management Liability, Cyber Teams; Former FIO & NAIC Exec. Joins The Council; Smallcombe Appointed CUO, Ascot US
Bobbie Goldie to Oversee Nationwide’s Private Company Management Liability, Cyber Liability Teams Nationwide is tapping insurance industry veteran Bobbie Goldie to oversee the insurance and financial services company’s private company management liability and cyber liability teams. She’ll assume that role …
POSTED APRIL 23, 2026 5:27 AM |
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025
Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer’s report on hail claims includes a list of the …
POSTED APRIL 23, 2026 5:12 AM |
Roblox Settles With Three States For $35.8 Million Over Child Safety
Roblox Corp. has reached settlements with attorneys general in three states over child-safety protections. As part of the deals, the video game company pledged to curb dangerous interactions on its platform, according to statements from the offices of the attorneys …
POSTED APRIL 23, 2026 5:02 AM |
Man Pleads Guilty in Crash That Killed Sheriff’s Recruit, Injuring 25 Others in California
A California man pleaded guilty to a wrong-way crash that killed a sheriff’s recruit and injured more than two dozen other recruits. Nicholas Gutierrez, 25, pleaded guilty this week to a fatal wrong-way crash that resulted in the death of …
POSTED APRIL 23, 2026 5:00 AM |
California Wildfire Risk Bills Cruising Through Legislature
Two bills that are getting bipartisan support aimed at reducing wildfire risk in California are quickly making their way through state Legislature. Senate Bill 894 and Senate Bill 1297, which both address wildfire risk reduction in the state, passed through …
POSTED APRIL 23, 2026 5:00 AM |
EY and IIF: Four in Five CROs Rank Cyber Among Top Risks
Eighty percent of insurance chief risk officers rank cyber among their top five risks, according to a new report from EY and the Institute of International Finance. That was up 14 percentage points year over year. The third annual EY–IIF …
POSTED APRIL 23, 2026 5:00 AM |
Wall Street Law Firm Apologizes for AI ‘Hallucinations’ in Court Filing
Sullivan & Cromwell, a premier Wall Street law firm, apologized to a federal judge for submitting a court filing with inaccurate citations and other errors generated by artificial intelligence. In a letter dated April 18, Andrew Dietderich, co-head of the …
POSTED APRIL 23, 2026 5:00 AM |
Ex-CEO, ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating “virtually all” of the now-bankrupt company’s customer relationships and revenue. Former CEO Puthugramam …
POSTED APRIL 23, 2026 5:00 AM |
West News Archives - Insurance Journal
Roblox Settles With Three States For $35.8 Million Over Child Safety
Roblox Corp. has reached settlements with attorneys general in three states over child-safety protections. As part of the deals, the video game company pledged to curb dangerous interactions on its platform, according to statements from the offices of the attorneys …
POSTED APRIL 23, 2026 5:02 AM |
Man Pleads Guilty in Crash That Killed Sheriff’s Recruit, Injuring 25 Others in California
A California man pleaded guilty to a wrong-way crash that killed a sheriff’s recruit and injured more than two dozen other recruits. Nicholas Gutierrez, 25, pleaded guilty this week to a fatal wrong-way crash that resulted in the death of …
POSTED APRIL 23, 2026 5:00 AM |
California Wildfire Risk Bills Cruising Through Legislature
Two bills that are getting bipartisan support aimed at reducing wildfire risk in California are quickly making their way through state Legislature. Senate Bill 894 and Senate Bill 1297, which both address wildfire risk reduction in the state, passed through …
POSTED APRIL 23, 2026 5:00 AM |
California Attorney General Suing Over CEQA Violations Involving Ancestral Remains
California Attorney General Rob Bonta is suing the City of Poway alleging it violated the California Environmental Quality Act by failing to respond to discoveries of burials of ancestral human remains and cultural resources during the construction of a luxury …
POSTED APRIL 22, 2026 3:36 PM |
Tesla’s California Sales Slide Deepens as Hybrids Displace EVs
Tesla Inc. saw a steep drop in vehicle registrations in California as consumers in the Golden State increasingly embrace hybrid vehicles. Tesla’s first-quarter registrations declined 24% in the state compared with the prior-year period, according to a report released Tuesday …
POSTED APRIL 22, 2026 5:00 AM |
LA Wildfire Survivors Could Face Another Blow From Taxes on Settlement Payouts
Thousands of survivors of the 2025 Eaton Fire in Altadena, California, have elected to accept an upfront settlement from the utility accused of causing it, forgoing future litigation for a faster payment that could help them rebuild or relocate. Related: …
POSTED APRIL 22, 2026 5:00 AM |
Gem State Insurance to Merge With Ohio Mutual
Ohio Mutual Insurance Group last week announced that it has reached an agreement to merge Gooding, Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure, following unanimous votes by both organizations’ boards of …
POSTED APRIL 21, 2026 4:16 PM |
Tijuana River Sewage Is Sickening Thousands in California
The smell of rotten eggs permeates Steve Egger’s Southern California home, especially at night as the nearby Tijuana River foams up with sewage from Mexico before emptying into the Pacific Ocean. Egger, 72, says he and his wife have frequent …
POSTED APRIL 21, 2026 5:00 AM |
Wildfires Used to ‘Sleep’ at Night. Climate Change Has Them Burning Overtime
Burning time for North American wildfires is going into overtime. Flames are lasting later into the night and starting earlier in the morning because human-caused climate change is extending the hotter and drier conditions that feed fires, a new study …
POSTED APRIL 21, 2026 5:00 AM |
California Commissioner Advances Proposal to Overhaul Intervenor Process
California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state’s intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor …
POSTED APRIL 20, 2026 8:28 PM |
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