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News Archives - Insurance Journal
Oil Tanker Pricing Feud Embroils Centuries-Old London Market A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the …
POSTED MAY 05, 2026 9:37 AM |
Ships Cluster Further From Hormuz Strait as Iran Widens Grip Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control. A weeks-long ceasefire between the US and Iran …
POSTED MAY 05, 2026 8:59 AM |
Middle East Truce in Doubt as US and Iran Launch New Attacks for Control of Hormuz The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian …
POSTED MAY 05, 2026 8:32 AM |
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and …
POSTED MAY 05, 2026 5:02 AM |
Federal Judge Has ‘Grave Concerns’ About Missouri Roundup Deal A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a …
POSTED MAY 05, 2026 5:00 AM |
For Autonomous Robots, Not All Rules Are Equal From driving cars to flying drones, as autonomous robots take on more responsibility, they also face more human-like dilemmas — including what to do when rules collide. For a self-driving vehicle, this conundrum might pop up when a pedestrian suddenly …
POSTED MAY 05, 2026 5:00 AM |
Kalshi Grilled by Massachusetts High Court Over What Gambling Is The Massachusetts Supreme Court appeared skeptical of Kalshi Inc.’s claim that its prediction markets don’t fall under state gambling laws because the company is instead providing financial arrangements between people using “swap” contracts on events like sports. The case is …
POSTED MAY 05, 2026 5:00 AM |
Oregon Regulator Shutting Down Health Sharing Company’s ‘Unlicensed’ Insurance Program Oregon regulators ordered a health sharing company to stop selling coverage to residents, saying the company’s membership plans were functioning as unlicensed insurance. ClearShare Health was ordered to stop selling coverage by the Oregon Division of Financial Regulation, which began …
POSTED MAY 05, 2026 5:00 AM |
Treasury’s Bessent Wants Americans to Avoid Easy-Money Traps, Be Financially Literate Treasury Secretary Scott Bessent winces at the allure of easy money — whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from financial …
POSTED MAY 05, 2026 5:00 AM |
Delta Dental Insurers to Pay New York $2.25M Over Cybersecurity Incident Delta Dental Insurance Co. (DDIC) and Delta Dental of New York, Inc. (DDNY) will pay a $2.25 million penalty for violations of New York’s cybersecurity regulation, the Department of Financial Services (DFS) reported. Acting DFS Superintendent Kaitlin Asrow said that …
POSTED MAY 05, 2026 5:00 AM |
West News Archives - Insurance Journal
Oregon Regulator Shutting Down Health Sharing Company’s ‘Unlicensed’ Insurance Program Oregon regulators ordered a health sharing company to stop selling coverage to residents, saying the company’s membership plans were functioning as unlicensed insurance. ClearShare Health was ordered to stop selling coverage by the Oregon Division of Financial Regulation, which began …
POSTED MAY 05, 2026 5:00 AM |
California Taking Action Against State Farm Over LA Wildfire Claims The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …
POSTED MAY 04, 2026 3:00 PM |
New Mexico Seeks Changes to Meta Platforms in Youth Harm Trial A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to …
POSTED MAY 04, 2026 2:36 PM |
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Maui Fire Lawsuit Payouts Are Near, but Few Will Break Even Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
POSTED MAY 04, 2026 5:00 AM |
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
POSTED MAY 01, 2026 1:58 PM |
IICF’s Western Division Celebrates $670,000 in Grants; Alphabet’s Nickel Honored The Insurance Industry Charitable Foundation celebrated more than $670,000 in IICF Community Grants awarded across the region to 78 nonprofit partners at its 11th annual IICF Western Division Horizon Award Gala. The event was held drew insurance leaders from across …
POSTED MAY 01, 2026 5:00 AM |
Workers’ Comp Bureau of California Submits Pure Premium Filing of 10.4% The Workers’ Compensation Insurance Rating Bureau of California has submitted a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be on average 10.4% above the average approved September 1, …
POSTED MAY 01, 2026 5:00 AM |
Musk Gets Apology From California Regulators as SpaceX Suit Is Settled California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission …
POSTED MAY 01, 2026 5:00 AM |
California Gasoline Price Surges Above $6 as Iran War Fans Gains Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates. The average statewide price for regular gasoline rose to $6.01, according to data from the American Automobile Association. That’s the highest since …
POSTED APRIL 30, 2026 1:32 PM |
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