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Home Insurance Tops Property Taxes in Squeeze for US Households
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of US counties, according to an analysis published Monday by Bloomberg Intelligence. It points to the role …
POSTED OCTOBER 20, 2026 4:33 PM |
French Riots Seen as Insurance Test Before New Regime Kicks In
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …
POSTED OCTOBER 20, 2026 3:51 PM |
AI Accelerates Cyber Threat Landscape, Poses New Risks for Insurers and Businesses
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
POSTED OCTOBER 20, 2026 3:50 PM |
Google Cloud Outage in UK Eases After Affecting Digital Banks, Public Sector Websites
Alphabet’s Google said on Tuesday its cloud services in the UK were back up after an hours-long outage that disrupted several financial firms and public-sector websites. The outage put the spotlight on concerns among UK and EU regulators about the …
POSTED OCTOBER 20, 2026 3:34 PM |
Roofer, Insurance Producer Charged in Separate Fraud Cases in the Carolinas
Carolina authorities have charged multiple people, including a roofer and an insurance agent, with defrauding insurance companies. In North Carolina, Cameron Alexander Hammond, 34, of Vanceboro, was charged in another sting operation with deliberately damaging roof shingles on a home …
POSTED OCTOBER 20, 2026 3:32 PM |
People Moves: Ohio Mutual Names Kratzer as AVP, Internal Audit
Ohio Mutual has named Brenton Kratzer AVP, internal audit, succeeding Kristy Kinley, who will be retiring in December. Kratzer will report to the Board of Directors Audit Committee Chair. Kratzer holds the Certified Internal Auditor (CIA) and Certified Information Systems …
POSTED OCTOBER 20, 2026 2:43 PM |
Texas Data Center Boom Threatens Progress on Air Quality
Texas’ rapidly growing data center industry could reverse much of the state’s progress on air quality by the end of the decade, according to a new report released Tuesday. The air emissions report published by the Houston Advanced Research Center …
POSTED OCTOBER 20, 2026 2:31 PM |
Insurer Rolls Out Policy to Protect Data Centers Against Growing Backlash
Intensifying public pushback against artificial intelligence data centers is spurring a new line of business for a New York-based boutique insurer. Arbol, which was founded by a former Citadel strategist, on Tuesday launched a new policy that protects data center …
POSTED OCTOBER 20, 2026 2:30 PM |
Oaktree’s Deal to Buy A-Cap Insurer Crumbles, Spawning New Talks
Oaktree Capital Management’s agreement to take over a life insurer owned by Advantage Capital Holdings has collapsed, leaving the companies to discuss alternatives after regulators raised alarms over the business’s potential exposure to defunct investment firm 777 Partners. Oaktree, which …
POSTED OCTOBER 20, 2026 2:27 PM |
Hormuz Could Be ‘Redundant’ in Five Years, Replaced by New Routes, HSBC CEO Says
Investment in alternative logistics routes in the Gulf to mitigate the impact of the Iran war could make the Strait of Hormuz “redundant” in the next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has …
POSTED OCTOBER 20, 2026 2:24 PM |
West News Archives - Insurance Journal
Washington Commissioner Fines Insurers, Producers $495,200
Washington Insurance Commissioner Patty Kuderer’s office reported fines totaling $495,200 against insurance companies, agencies and producers for insurance law violations between April and August. The two largest fines were against USAA Casualty Insurance Co. and Allstate Vehicle and Property Insurance …
POSTED OCTOBER 20, 2026 5:00 AM |
California Adds Voluntary Review Before Insurers File Rate Applications
Insurers seeking personal and commercial lines rate changes in California can go through a voluntary review process that makes the California Department of Insurance’s initial rate analysis public before they formally file rate applications. California Insurance Commissioner Ricardo Lara on …
POSTED OCTOBER 19, 2026 6:30 PM |
‘Weather Whiplash’ Bringing Back Rain and Snow to California
A “weather whiplash” will continue taking Californians for a ride this week, as last week’s high temperatures and blustery winds give way to clouds, rain and snow in the mountains. An unusual October heat wave with triple-digit temperatures in some …
POSTED OCTOBER 19, 2026 2:36 PM |
California Hybrid Market Share Hits Record as EV Registrations Decline
Hybrid vehicles accounted for a record 22.8% of new vehicle registrations in California through the first nine months of the year, a new report shows. However, the Q3 2026 California Auto Outlook, published by Auto Outlook Inc. for the California …
POSTED OCTOBER 19, 2026 5:00 AM |
Compass Files Suit Over California Home Listing Service Rules
Compass Inc., the top U.S. broker for residential properties, sued California’s largest real estate listing service in the latest escalation of a broader legal fight over timely access to information about homes for sale. The federal court suit filed Friday …
POSTED OCTOBER 19, 2026 5:00 AM |
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
POSTED OCTOBER 16, 2026 3:36 PM |
Lemonade Launches Renters Insurance in Hawaii
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
POSTED OCTOBER 16, 2026 5:00 AM |
California Fire Danger Has Utilities Set for Broad Shutoffs
More than 345,000 homes and businesses across California are facing potential power cuts this week during what’s expected to be a days-long onslaught of dangerous fire weather conditions. With drying winds forecast to blow through much of the state through …
POSTED OCTOBER 15, 2026 5:00 AM |
SageSure One Expanding California Homeowners Coverage
SageSure One is expanding its California homeowners insurance offerings. The new product, from Olympus Insurance Co., provides up to $20 million in total insurable value. The non-admitted HO5 homeowners product is designed for higher-value California homes, with coverage beginning at …
POSTED OCTOBER 15, 2026 5:00 AM |
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 |
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