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News Archives - Insurance Journal
Viewpoint: AI Paradox in Cyber Insurance—When Fear Drives Markets More Than Reality
The cyber insurance market is experiencing a fascinating paradox. Small business owners are increasingly worried about AI. So much so that artificial intelligence has become the second biggest reason they’re buying cyber insurance. Yet these concerns aren’t actually shaking up …
POSTED MARCH 18, 2026 8:37 PM |
No Sprinklers in TN Explosives Plant Building Where Blast Killed 16, Investigators Say
A building where explosives were manufactured in Tennessee was not outfitted with a sprinkler system or fire protection system before a massive explosion killed 16 workers in October, the U.S. Chemical Safety Board said this week. It’s not clear if …
POSTED MARCH 18, 2026 4:56 PM |
AM Best Withdraws Credit Ratings of Texas’ Cadence Indemnity
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb+” (Good) of Texas-domiciled Cadence Indemnity Inc, a single parent captive of The Sullivan Brothers Family …
POSTED MARCH 18, 2026 4:46 PM |
Iran War Potentially Raises Exposures for Terrorism, Political Violence Underwriters
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency Morningstar DBRS, in a commentary on the war. While the insurance …
POSTED MARCH 18, 2026 4:42 PM |
People Moves: Clyde & Co Tabs Mortimer to Lead Indiana Office; Old Republic Announces Senior Management Changes at BITCO
Global law firm Clyde & Co has announced the opening of a new office in Highland, Indiana, expanding its US footprint and further strengthening its North American trial and defense practice. The new office will be led by Renee Mortimer, …
POSTED MARCH 18, 2026 4:33 PM |
Amazon Delivery Service Company Settles Disability Discrimination Suit
ALM Freight, LLC, an Amazon delivery service company, agreed to pay $47,000 and LMDmax Corp., ALM’s employment agency, agreed to pay $60,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …
POSTED MARCH 18, 2026 4:20 PM |
Corpus Christi Water Emergency Could Be Two Months Away
Corpus Christi leaders on Tuesday unveiled new projections suggesting that the city could be just two months away from triggering emergency water measures. At a marathon city council meeting that stretched for 10 hours, Nick Winkelmann, interim chief operating officer …
POSTED MARCH 18, 2026 4:15 PM |
Florida Contractor Charged With Avoiding $1M in Workers’ Comp Premiums
Florida authorities have charged a contractor with underreporting payroll and avoiding more than $1 million in workers’ compensation insurance premiums. Jacques G. Denomme, of Port St. Lucie, was arrested in Martin County and released on bond earlier this month, after …
POSTED MARCH 18, 2026 3:33 PM |
Markets/Coverages: Marsh Risk Launches Facility for US Excess Casualty Capacity; CRC Specialty Enhances Insurisk to Meet Needs of Data Centers
Marsh Risk, a business of Marsh, announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with an excess casualty insurance solution offering a unified block of $50 million capacity, placement certainty, and superior policy …
POSTED MARCH 18, 2026 3:26 PM |
Florida Lawmakers Vote to Drop Building Permits on Projects of $7,500 or Less
Legislation that would have waived building permits for jobs valued at up to $7,500 failed to pass the Florida House this year, but the key clause found its way into another bill that is now awaiting the governor’s signature. “A …
POSTED MARCH 18, 2026 2:44 PM |
West News Archives - Insurance Journal
LA County Metro Buses Will Warn Against Workers’ Comp Fraud
Los Angeles County buses will soon be large, rolling warnings against workers’ compensation fraud. L.A. County District Attorney Nathan J. Hochman announced the launch of a countywide LA Metro bus advertisement campaign in which buses will bear warnings that lying …
POSTED MARCH 18, 2026 5:00 AM |
People Moves: Alliant Private Client Hires Dantona as SVP
Jennifer Dantona joined Alliant Insurance Services as senior vice president with Alliant Private Client. Dantona is based in Irvine, California. She has more than 20 years of experience supporting personal insurance portfolios, including many individuals and families in the entertainment …
POSTED MARCH 18, 2026 5:00 AM |
Los Angeles, US West Brace for Second Bout of Record March Heat
Los Angeles and the U.S. Southwest are set for a second record heat wave in two weeks as temperatures soar, potentially straining electric grids, melting snowpack and raising health risks. Tuesday’s high in downtown Los Angeles is forecast to reach …
POSTED MARCH 17, 2026 6:49 PM |
‘Zombie’ Second Mortgages Spur New Battles in California, Maryland
In a room outside the Maryland State Senate chamber last winter, consumer advocates were meeting privately with lawmakers to explain how borrowers were losing their homes over “zombie” loans, old second mortgages that they hadn’t heard from lenders about in …
POSTED MARCH 17, 2026 2:00 PM |
Owners of Large California Tow Operation Charged in $6M Workers’ Comp Fraud Scheme
Owners of one of the biggest towing businesses in Southern California were arrested on multiple counts of felony insurance fraud. Bothers Mark Hassan and Ahmed Hassan were charged with underreporting employee payroll and paying parts of employees’ wages in cash …
POSTED MARCH 17, 2026 5:00 AM |
Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the …
POSTED MARCH 16, 2026 5:30 PM |
Busiest US Seaport Largely Insulated From Iran War Disruptions, Exec Director Says
The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday. The Iran war has …
POSTED MARCH 16, 2026 5:00 AM |
Uber And Motional Launch Commercial Robotaxi Service in Las Vegas
Uber and Hyundai Motor-backed autonomous vehicle firm Motional launched a commercial robotaxi service in Las Vegas on Friday, the latest in a string of similar tie-ups as the ride-hailing platform doubles down on its self-driving taxi strategy. Related: Amazon’s Zoox …
POSTED MARCH 16, 2026 5:00 AM |
‘Nation’s First’ Smoke Damage Standards Bill Wending Through California Legislature
A bill to create a statewide framework for handling wildfire smoke damage insurance claims is now making its way through California Legislature. The Smoke Damage Recovery Act, which primary backer Insurance Commissioner Ricardo Lara said stems from the recovery process …
POSTED MARCH 13, 2026 7:12 PM |
Expanding Alaska Glacial Lakes Increasing Risk of Destructive Floods
Every summer, people living near the Mendenhall River in Juneau, Alaska, keep a close eye on the water level. When the river level begins to rise rapidly, it’s a sign that Suicide Basin, a small glacier-dammed lake 5 miles up …
POSTED MARCH 13, 2026 5:00 AM |
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