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News Archives - Insurance Journal
Business Moves: The Doctors Co. Completes Buy of ProAssurance
The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion. ProAssurance is a specialty insurer in medical liability, products liability for medical technology …
POSTED JUNE 29, 2026 5:26 AM |
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’
After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all. The US Supreme Court threw out a jury verdict won by …
POSTED JUNE 29, 2026 5:12 AM |
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
POSTED JUNE 29, 2026 5:05 AM |
The Doctors Group Completes $1.3B Purchase of ProAssurance Med Mal Provider
More than a year after it announced plans to buy Birmingham, Alabama-based ProAssurance, The Doctors Company said it has completed the billion-dollar acquisition. The Doctors Company, headquartered in Napa, California, acquired all outstanding shares of ProAssurance for $25 per share, …
POSTED JUNE 29, 2026 5:03 AM |
Anderson Insurance Agency Launches in Coral Springs
A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. Matthew E. Anderson, a licensed agent for life, health and property-casualty lines, said his agency will offer life, health, …
POSTED JUNE 29, 2026 5:02 AM |
Landlord Harmed by Before/After Repair Photos Wins New Trial Over Negligence Claim
Photographs showing a staircase before and after repairs should not have been allowed as evidence in a negligence claim against a landlord, the Connecticut Appellate Court has ruled. In a unanimous opinion, the appeals court ordered a new trial in …
POSTED JUNE 29, 2026 5:00 AM |
Four Washington Restaurants Must Pay $750K in Wages, Damages to Workers
Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
POSTED JUNE 29, 2026 5:00 AM |
Vermont Is First State to Ban Paraquat Weed Killer Linked to Parkinson’s Disease
Vermont has become the first U.S. state to ban paraquat, one of the most commonly used herbicides, with lawmakers citing a possible link between the weed killer and Parkinson’s disease. The ban has been widely celebrated by advocates who hope …
POSTED JUNE 29, 2026 5:00 AM |
People Moves: Venbrook Names Ward CFO; Lesmann Joins Crest as Broker; Alliant Adds Lundquist to Benefits Team
Ward Joins Venbrook as CFO Venbrook Group LLC named Kenneth W. Ward chief financial officer. Ward specializes in operational efficiency, cost-cutting initiatives and growth. He has worked across a variety of industries and most recently held the CFO role at …
POSTED JUNE 29, 2026 5:00 AM |
Oman Tells Allies Ships Going Through Hormuz May Have to Pay
Oman has told European officials there’s no way of going back to the pre-war status quo with the Strait of Hormuz and transiting ships may have to be charged some fees, according to people familiar with the matter. While Omani …
POSTED JUNE 27, 2026 2:05 PM |
West News Archives - Insurance Journal
Four Washington Restaurants Must Pay $750K in Wages, Damages to Workers
Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
POSTED JUNE 29, 2026 5:00 AM |
People Moves: Venbrook Names Ward CFO; Lesmann Joins Crest as Broker; Alliant Adds Lundquist to Benefits Team
Ward Joins Venbrook as CFO Venbrook Group LLC named Kenneth W. Ward chief financial officer. Ward specializes in operational efficiency, cost-cutting initiatives and growth. He has worked across a variety of industries and most recently held the CFO role at …
POSTED JUNE 29, 2026 5:00 AM |
Tesla Settles Lawsuit Over Deadly Crash Involving Full Self-Driving
Tesla Inc. has quietly resolved a lawsuit stemming from a fatal 2023 crash that precipitated a defect investigation into the carmaker’s automated-driving technology. The collision involved 71-year-old Johna Story, who had stepped out of her vehicle on an Arizona highway …
POSTED JUNE 26, 2026 2:55 PM |
Orion180 Launches FLEX Home Insurance in Colorado
Orion180 Insurance has launched its FLEX homeowners insurance coverage in Colorado. FLEX Home Insurance is designed to give homeowners greater control over how they protect their property, allowing them to tailor coverage to fit their individual risk tolerance and budget. …
POSTED JUNE 26, 2026 5:00 AM |
Indictments Delivered for Auto Theft Ring Targeting Colorado Airports
A Colorado grand jury indicted 11 defendants for taking part in an auto theft ring that reportedly targeted vehicles parked at municipal airports. Colorado Attorney General Phil Weiser and Denver District Attorney John Walsh announced the indictments this week on …
POSTED JUNE 26, 2026 5:00 AM |
Week-Long LA Warehouse Fire That Impacted Air Quality and Businesses Knocked Down
A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse …
POSTED JUNE 25, 2026 1:49 PM |
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested
A 14-month-long “ghost broker” investigation has concluded with the arrest of a man accused of procuring more than 1,120 auto insurance policies using fraudulent data and social media apps. The Utah Insurance Department announced the arrest of Carlos David Garcia …
POSTED JUNE 25, 2026 5:00 AM |
Digital Insurer Honeycomb Insurance Expands into Nevada
Digital insurer Honeycomb Insurance is expanding into Nevada roughly one month after receiving a $40 million funding round. The company’s recent launches include operations in Kansas and Missouri. Honeycomb’s digital platform is designed to enable agents to quote and bind …
POSTED JUNE 25, 2026 5:00 AM |
Smoke From LA Warehouse Fire Affecting Residents, Businesses
Smoke continues to billow from a fire at a massive warehouse in Los Angeles, drawing complaints about air quality from residents and interrupting nearby businesses. A fire at a 491,000-square-foot cold storage warehouse located near homes in Boyle Heights continues …
POSTED JUNE 24, 2026 1:53 PM |
FEMA Frees $15.4M for Flood, Earthquake and Wildfire Projects in California
The Federal Emergency Management Agency released federal funding for hazard mitigation projects in California to address flood, earthquake and wildfire risks. Congress authorized the projects through the Fiscal Year 2026 Homeland Security and Further Additional Continuing Appropriations Act. Funding was …
POSTED JUNE 24, 2026 5:00 AM |
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