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News Archives - Insurance Journal
Crypto Crime Escalates With Kidnappings, Cons and Human Coercion
After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. …
POSTED MAY 21, 2026 5:20 AM |
Viewpoint: Insurers Cautiously Navigate the Next Steps in AI Adoption
As more and more companies embed AI into select functions, only a portion indicate that they have used AI to change how an overall enterprise runs. It illustrates one of the key takeaways drawn from a recent industry survey by …
POSTED MAY 21, 2026 5:03 AM |
Bank CEOs’ AI Obsession Collides With Warning From Watchdogs
As bank executives increasingly tout the promise of artificial intelligence to slim down workforces, regulators are warning them not to get carried away. The European Banking Authority, the rulemaker for financial firms operating in the region, has been meeting with …
POSTED MAY 21, 2026 5:03 AM |
Insurance Agent, Former Lawmaker in Runoff in Georgia Insurance Commissioner Race
Two Democrats, one a longtime insurance agent, will face each other in a June 16 runoff election that will determine who will be on the November general election ballot for Georgia insurance commissioner. Keisha Sean Waites, a former state legislator …
POSTED MAY 21, 2026 5:02 AM |
Three New HO Carriers and an Improving Condo Market in Florida, Reports Show
Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. “To date, these new companies since the legislative …
POSTED MAY 21, 2026 5:02 AM |
NC Commission Warns About Workers’ Comp Scam Impersonating Officials
Scammers have been targeting Spanish-speaking workers, trying to trick them into paying fees to access workers’ compensation benefits around the South and West, officials said. The North Carolina Industrial Commission, which oversees workers’ comp in the state, warned in a …
POSTED MAY 21, 2026 5:02 AM |
South Carolina Law Adds Workers’ Comp Stroke Presumption for Some Firefighters
Municipal workers’ compensation insurance pools in South Carolina now have another firefighter health condition presumption to consider, after the state’s governor signed House Bill 3163 into law. The law, which took effect upon Gov. Henry McMaster’s signature last week, adds …
POSTED MAY 21, 2026 5:01 AM |
Report: California Independent Medical Review Overturned Most Treatment Requests
Nearly nine-in-10 workers’ compensation treatment request denials in California were overturned by independent medical review, a new report shows. The California Department of Industrial Relations and its Division of Workers’ Compensation released the annual report on the department’s IMR program. …
POSTED MAY 21, 2026 5:00 AM |
New Mexico Politicians Grapple With Oil Windfall From Iran War That’s ‘Awesome’ And Awkward
The global oil bottleneck in the Strait of Hormuz has generated an enviable—and politically sensitive—financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. …
POSTED MAY 21, 2026 5:00 AM |
Sands Point Risk Acquires New Jersey’s Launch Environmental Underwriters
Sands Point Risk, a multi-program managing general agency platform, has acquired Launch Environmental Underwriters, a provider of environmental general liability insurance. Jersey City, New Jersey-based Launch focuses on complex risks across the energy, infrastructure, construction, chemical, mergers and acquisition, and …
POSTED MAY 21, 2026 5:00 AM |
West News Archives - Insurance Journal
Report: California Independent Medical Review Overturned Most Treatment Requests
Nearly nine-in-10 workers’ compensation treatment request denials in California were overturned by independent medical review, a new report shows. The California Department of Industrial Relations and its Division of Workers’ Compensation released the annual report on the department’s IMR program. …
POSTED MAY 21, 2026 5:00 AM |
New Mexico Politicians Grapple With Oil Windfall From Iran War That’s ‘Awesome’ And Awkward
The global oil bottleneck in the Strait of Hormuz has generated an enviable—and politically sensitive—financial windfall on the other side of the world in New Mexico, a rare Democratic-dominated state where fossil fuels are a bedrock of progressive social services. …
POSTED MAY 21, 2026 5:00 AM |
Hawaii’s Worst Flooding in 20 Years Leaves Farmers Struggling
The reddish-brown mud that smothered Bok Kongphan’s Hawaii farm has hardened in the tropical sun. Irrigation tubes lie in a tangle where his lemongrass, cucumber and okra once flourished. His niece, Jeni Balanay, lost her crops too—a mustardy green called …
POSTED MAY 20, 2026 5:00 AM |
WCIRB: California Comp Written Premiums ‘Relatively Stable’ Compared to Pandemic
California workers’ compensation written premiums in calendar years 2022 through 2025 were relatively stable compared to the large swings that occurred during the pandemic, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California published its latest Quarterly …
POSTED MAY 20, 2026 5:00 AM |
People Moves: Mutual of Enumclaw Names Peterson Chief Claims Officer
Mutual of Enumclaw named Joe Peterson vice president of claims and chief claims officer. Peterson has more than 20 years of claims leadership experience, most recently as vice president – P/C claims at Zenith Insurance Company. He also held multiple …
POSTED MAY 20, 2026 5:00 AM |
California Fire Spread Slows But Dangerous Conditions Linger
Winds that drove a fast-moving brush fire across Southern California’s Simi Valley eased overnight, slowing the blaze’s spread, but dangerous conditions persist as hundreds of firefighters tackle the flames. Fire activity decreased significantly overnight due to calmer winds along with …
POSTED MAY 19, 2026 1:18 PM |
Washington Commissioner Issued $167K in Fines in 2Q
A Yakima insurance agent and an unauthorized insurance company are barred from doing business in Washington after Insurance Commissioner Patty Kuderer issued cease-and-desist orders in April. Those were two enforcement actions during the first quarter in which Kuderer issued fines …
POSTED MAY 19, 2026 5:00 AM |
Volvo Group Agrees to $197M Settlement With California Over Excess Truck Emissions
Truckmaker Volvo Group on Monday agreed to a $197 million settlement with the California Air Resources Board over alleged violations of the state’s heavy-duty engine regulations. The settlement resolves allegations that Volvo failed to properly disclose auxiliary emission control devices …
POSTED MAY 19, 2026 5:00 AM |
Denver Runway Fatality Reveals a Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
POSTED MAY 18, 2026 1:25 PM |
34,000 PG&E Customers Without Power on California Fire Risk
More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers …
POSTED MAY 18, 2026 1:04 PM |
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