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News Archives - Insurance Journal
Business Moves: BayPine to Acquire Broker Relation From Aquiline
Private equity firm Aquiline Capital said it has entered into a definitive agreement to sell independent insurance broker Relation to investment firm BayPine. Chicago-based Relation was ranked No. 24 in Insurance Journal’s Top 100 Independent Property/Casualty Agencies report with about …
POSTED FEBRUARY 18, 2026 8:20 PM |
Verisk Downplays AI Disruption Fears as Quarterly Profit Beats Estimates
Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
POSTED FEBRUARY 18, 2026 5:22 PM |
ITRC: Data-Breach ‘Transparency Is on Life Support’
An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
POSTED FEBRUARY 18, 2026 5:13 PM |
Inszone Acquires Texas’ Scarbrough, Medlin & Associates
Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
POSTED FEBRUARY 18, 2026 4:23 PM |
Specialty Program Group Integrates Anova Marine and Logistiq Insurance Solutions
Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
POSTED FEBRUARY 18, 2026 4:18 PM |
Ohio Asphalt Companies to Pay $30M to Settle False Claim Act Allegations
Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
POSTED FEBRUARY 18, 2026 4:06 PM |
Luxury Steamer Wreck Found in Lake Michigan After 60-Year Quest
Searchers have discovered the wreck of a luxury steamer that sank in a Lake Michigan gale in the late 19th century, completing a quest that began almost 60 years ago. Shipwreck World, a group that works to locate shipwrecks around …
POSTED FEBRUARY 18, 2026 3:59 PM |
Camden Diocese’s Sex Abuse Claims Fund to Get $180 Million Boost
The Catholic Diocese of Camden, New Jersey and several holdout insurers have agreed to add $180 million to a trust fund to pay claims of survivors of sexual abuse by the church’s clergy. The $180 million is in addition to …
POSTED FEBRUARY 18, 2026 3:20 PM |
Environmental Groups Challenge Decision to Revoke Basis of Climate Regulations
A coalition of health and environmental groups sued the Trump administration on Wednesday over its decision to revoke the scientific finding that forms the basis of U.S. climate regulations. The legal challenge filed in the U.S. Court of Appeals for …
POSTED FEBRUARY 18, 2026 3:04 PM |
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance
Florida regulators announced a crackdown on people selling vehicle insurance products without a license. Insurance Commissioner Michael Yaworsky this week ordered American Dream Auto Protect Inc., an auto warranty company, to cease operations because it did not have a license …
POSTED FEBRUARY 18, 2026 2:47 PM |
West News Archives - Insurance Journal
Tesla Avoids California Sales Halt Over Autopilot Marketing
Tesla Inc. will be allowed to continue selling electric vehicles in California uninterrupted after the company revised what the state had called misleading marketing of driver-assistance technology. The automaker has taken “corrective action” including ending the use of Autopilot branding …
POSTED FEBRUARY 18, 2026 2:40 PM |
Judge Says Exxon Mobil Can Sue California AG for Defamation Over Recycling
A federal judge rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s lawsuit accusing him of defamation in criticizing the oil giant’s advanced plastics recycling initiatives. U.S. District Judge Michael Truncale rejected Bonta’s claim he was immune from …
POSTED FEBRUARY 18, 2026 6:00 AM |
States Reliant on Colorado River Failed to Meet New Consensus Deadline
The seven Western states that depend on the Colorado River missed a deadline for the second time Saturday to agree on a plan addressing record drought and water shortages. Arizona Gov. Katie Hobbs, California Gov. Gavin Newsom and Nevada Gov. …
POSTED FEBRUARY 18, 2026 6:00 AM |
4 People Die in Small Plane Crash Near Ski Resort
Four people are dead after a small plane crashed Friday on a mountain near the Colorado ski resort community of Steamboat Springs, authorities said. An Epic E1000, a six-seat turboprop plane, crashed around 12:20 a.m. with four people on board, …
POSTED FEBRUARY 18, 2026 6:00 AM |
People Moves: Hub Names Hetrick VP, Private Client Risk Advisor; WSRB Chief Newman to Retire
HUB International Hires Hetrick as VP, Private Client Risk Advisor Hub International Limited named Brandon Hetrick vice president, private client risk advisor in Newport Beach, California. Hetrick has 25 years of insurance experience. Before joining Hub, Hetrick spent more than …
POSTED FEBRUARY 17, 2026 6:00 AM |
ALKEME Insurance Inks $27M Naming Rights Deal for Arizona Basketball Arena
ALKEME Insurance has signed a $27.7 million naming rights partnership with the Arizona Athletics and Arizona Sports Enterprises to rename the McKale Center at the McKale Center at ALKEME Arena. The parties are calling the 15-year agreement the largest publicly …
POSTED FEBRUARY 17, 2026 6:00 AM |
California Insurance Commissioner Unveils Intervenor Reform Regulations
California Insurance Commissioner Ricardo Lara is pushing a change to the state’s long-standing intervenor regulations, which enable groups to intervene in rate hearings. Lara on Friday released the amended text of proposed regulations for the intervenor and Administrative Hearing Bureau …
POSTED FEBRUARY 13, 2026 11:31 PM |
Wildfire Risk Scoring Transparency Bill Passes Washington Senate
Legislation to make wildfire risk scores more transparent passed out of the Washington state Senate on nearly unanimously. Senate Bill 5928, which passed 48-1, is being pushed by Insurance Commissioner Patty Kuderer. The bill is sponsored by Sen. Judy Warnick …
POSTED FEBRUARY 13, 2026 6:00 AM |
Privacy Activists Call on California to Remove Covert License Plate Readers
More than two dozen privacy and advocacy organizations are calling on California Gov. Gavin Newsom to remove a network of covert license plate readers deployed across Southern California that the groups believe feed data into a controversial U.S. Border Patrol …
POSTED FEBRUARY 13, 2026 6:00 AM |
California Attorney General Investigating Eaton Fire Emergency Response
The California Department of Justice launched an investigation into to the emergency response to the Eaton Fire, one of two large and devastating blazes that hit Los Angeles in January 2025. The investigation will seek to determine whether there was …
POSTED FEBRUARY 13, 2026 6:00 AM |
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