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News Archives - Insurance Journal
People Moves: Ascot Aligns US Business for Next Phase of Growth
Ascot announced a series of changes to its U.S. operating and distribution model, including a new U.S. regional executive leadership team, an expanded North America distribution role and the consolidation of seven U.S. business segments into five product verticals. These …
POSTED SEPTEMBER 15, 2026 6:19 AM |
Trump Dismisses AI Safety Alarm, Says US Already Has Tools to Police Industry
President Donald Trump said on Sept. 14 that the U.S. already has guardrails in place to regulate and prosecute AI companies, appearing to play down concerns expressed by industry leaders over the weekend about misuse of artificial intelligence. “The only …
POSTED SEPTEMBER 15, 2026 5:27 AM |
US Data Centers Set to Burn More Natural Gas Than Most Nations
Data centers in the United States will consume more natural gas than most countries within a decade, according to a new outlook from BloombergNEF. Gas consumption to produce electricity for data centers is expected to grow by 15 billion cubic …
POSTED SEPTEMBER 15, 2026 5:10 AM |
EPA Poised to Repeal Carbon Rules for Coal, Gas Power Plants
The US Environmental Protection Agency is expected to formally rescind carbon pollution standards for fossil fuel-fired power plants as soon as Monday, according to people familiar with the matter. The Trump administration’s latest major climate rollback is expected to come …
POSTED SEPTEMBER 15, 2026 5:09 AM |
UK’s Boomers Cling to Jobs as Young People Get Locked Out
In the early 2000s, Britain had as many as 10 young workers for every person over-65 with a job. Today there are just two, as older employees hang on for longer and first jobs are harder to come by. The …
POSTED SEPTEMBER 15, 2026 5:05 AM |
Appeals Court Throws a Wrench into Part of Georgia’s 2025 Tort-Reform Law
When Georgia’s tort-reform law was approved in 2025 property/casualty insurance interests hailed it as a long-awaited measure that would help stem lawsuit abuse and excessive jury awards in the state. But in the first appellate court test of the law, …
POSTED SEPTEMBER 15, 2026 5:01 AM |
Drug Maker Paying $32M to Resolve Kickbacks Law Violations in California
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
POSTED SEPTEMBER 15, 2026 5:00 AM |
People Moves: Richardson Named California DWC Administrative Director
The California Department of Industrial Relations swore in Nicole Richardson as administrative director of the Division of Workers’ Compensation on Sept. 1, following her appointment by Gov. Gavin Newsom. Richardson previously served as DWC’s acting administrative director and chief counsel. …
POSTED SEPTEMBER 15, 2026 5:00 AM |
Zurich U.S. Promotes Wells to CEO; Diaz Moves Up to Middle Market Leader
Zurich U.S. announced on Sept. 11 that Alex Wells has been selected to serve as CEO of Zurich U.S., taking over for Sierra Signorelli, who stepped down. The promotion is effective immediately. Wells was president of Zurich U.S. middle market, …
POSTED SEPTEMBER 15, 2026 4:24 AM |
World Insurance Associates Acquires Texas’ Cubriel
World Insurance Associates announced that it acquired the business of Cubriel Insurance Agency of Laredo, Texas on June 1, 2026. Terms of the transaction were not disclosed. Cubriel is a P&C agency with a business mix of commercial lines and …
POSTED SEPTEMBER 14, 2026 4:54 PM |
West News Archives - Insurance Journal
Drug Maker Paying $32M to Resolve Kickbacks Law Violations in California
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
POSTED SEPTEMBER 15, 2026 5:00 AM |
People Moves: Richardson Named California DWC Administrative Director
The California Department of Industrial Relations swore in Nicole Richardson as administrative director of the Division of Workers’ Compensation on Sept. 1, following her appointment by Gov. Gavin Newsom. Richardson previously served as DWC’s acting administrative director and chief counsel. …
POSTED SEPTEMBER 15, 2026 5:00 AM |
Bamboo Insurance in Utah Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Arizona Accuses L’Oreal of Concealing Cancer Risks Linked to Hair Relaxers
Arizona has sued L’Oreal SA and its U.S. subsidiary, alleging the cosmetics company hid evidence that its hair relaxer products could cause cancer in women, as it faces thousands of similar lawsuits from users and their families. Arizona Attorney General …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Northern California Braces for Power Shutoffs Amid Fire Risk
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
POSTED SEPTEMBER 11, 2026 1:21 PM |
People Moves: Burns & Wilcox Adds New West Coast Associate Managing Directors
Burns & Wilcox, headquartered in Famington Hills, Michigan, hired Winston Rendall and Sandra Shambaugh as associate managing directors for the West region. Rendall comes to Burns & Wilcox with 10 years of experience. Most recently, he was vice president of …
POSTED SEPTEMBER 11, 2026 5:00 AM |
Oregon Proposes 2.1% Increase in Pure Premium Workers’ Comp Rates for 2027
Oregon employers will pay 92 cents per $100 of payroll for workers’ compensation coverage on average in 2027, a rate that would be the second lowest on record. A proposal from the Oregon Department of Consumer and Business Services calls …
POSTED SEPTEMBER 10, 2026 3:05 PM |
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
For the first time in three years, capacity is returning to the California homeowners insurance market. The clearest evidence is in the residual market. In the second quarter, the California FAIR Plan added roughly 12,000 residential policies, the fifth consecutive …
POSTED SEPTEMBER 10, 2026 5:00 AM |
Intense Los Angeles Heat to Send State’s Power Demand Soaring
California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through …
POSTED SEPTEMBER 09, 2026 5:00 AM |
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