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News Archives - Insurance Journal
People Moves: Garcia Joins InsurBanc as President and CEO
InsurBanc, headquartered in Farmington, Connecticut, named Lou Garcia as president and CEO. Garcia brings more than 25 years of leadership experience in investment banking, alternative asset management and financial services to his new role at InsurBanc. He will be responsible …
POSTED SEPTEMBER 25, 2026 5:50 AM |
Markets/Coverages: Beazley Expands Cyber Protection for AI; Huntersure Launches Media E&O
Beazley announced new cyber cover to support businesses manage the risks arising from their own use of AI. Beazley’s latest endorsements respond to risks that can emerge when businesses deploy AI within their own operations. An industry-first AI Voluntary Shutdown …
POSTED SEPTEMBER 25, 2026 5:50 AM |
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk
For years, artificial intelligence researchers have warned of ways the technology could wipe out humanity: AI bots could design an unstoppable disease, unleash a nuclear war, or transform all of Earth into paper clip factories, as one thought experiment goes. …
POSTED SEPTEMBER 25, 2026 5:30 AM |
Singapore’s Finance Firms to Train 80,000 Staff in AI Skills
Singapore’s major financial institutions pledged to train more than 80,000 local employees in AI skills as the country moves to cushion white-collar workers from potential job disruption. A pioneer batch of 23 banks, insurers and asset managers has committed to …
POSTED SEPTEMBER 25, 2026 5:10 AM |
Cybersecurity Stocks Are So Hot Investors Question Staying Power
Shares of cybersecurity companies have soared in recent months on bets that the threats posed by cutting-edge AI models will be a boon for their businesses. But some of the stocks have run up so much that investors are questioning …
POSTED SEPTEMBER 25, 2026 5:08 AM |
Catastrophe-Bondholders Bet Hurricane Polo Won’t Trigger Losses
Investors in a catastrophe bond targeting Mexico are betting they’ll be spared losses as Hurricane Polo looks set to avoid landfall as a dangerously destructive storm. “I’d never say never,” said Florian Steiger, chief executive of Zurich-based cat-bond manager Icosa …
POSTED SEPTEMBER 25, 2026 5:05 AM |
Saudi Oil Export Strategy Hits New Hurdle as Red Sea Insurance Costs Soar
The cost of insuring an oil tanker loaded from Saudi Arabia’s main Red Sea port has tripled in recent weeks, industry sources told Reuters, adding to the major crude producer’s struggles to find a viable channel for its exports. Saudi …
POSTED SEPTEMBER 25, 2026 5:02 AM |
Insurance Regulators Defend State-Led Model in Reply to Warren
The National Association of Insurance Commissioners defended its supervision of Wall Street’s influence over insurers and their bets on private credit, as the group seeks to dispel US Senator Elizabeth Warren’s doubts about potential regulatory gaps. In a letter Thursday …
POSTED SEPTEMBER 25, 2026 5:01 AM |
Southern California Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Oracle Cites ‘Force Majeure’ on Controversial New Mexico Data Center
Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project’s …
POSTED SEPTEMBER 25, 2026 5:00 AM |
West News Archives - Insurance Journal
Southern California Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Oracle Cites ‘Force Majeure’ on Controversial New Mexico Data Center
Oracle Corp. is moving to shield itself from racking up expenses on a massive data center being built in New Mexico, adding a fresh wrinkle to a project beset by opposition and regulatory setbacks. The technology giant sent the project’s …
POSTED SEPTEMBER 25, 2026 5:00 AM |
Hurricane Watch Posted on Hawaii’s Big Island as Nolo Approaches
A hurricane watch has been issued for Hawaii’s Big Island as Tropical Storm Nolo strengthens south of the island chain. Nolo, with top winds of 40 miles (64 kilometers) per hour was 500 miles south of Honolulu and on a …
POSTED SEPTEMBER 24, 2026 1:53 PM |
People Moves: Alliant Insurance Services Adds Esarey to LA Employee Benefits Team
Barrett Esarey joined Alliant Insurance Services as vice president within its employee benefits group. Based in Los Angeles, California, Esarey serves a national client base, helping employers develop strategic benefits programs that address evolving workforce needs and support long-term business …
POSTED SEPTEMBER 24, 2026 5:00 AM |
Corgi Insurance in California Expands Trucking Program to Cover Tow Trucks
San Francisco-based Corgi Insurance is expanding its trucking insurance program to include towing and tow-truck businesses. Tow trucks spend much of their time on the road, but their core exposure comes from transporting, handling and storing other people’s vehicles. Corgi’s …
POSTED SEPTEMBER 24, 2026 5:00 AM |
Hurricane to Threaten Hawaii With Flooding Over Weekend
Hawaii will be threatened by yet another hurricane over the weekend, after a tropical depression reformed to the south of the island chain. The depression, with winds of 35 miles (56 kilometers) per hour, is expected to strengthen into a …
POSTED SEPTEMBER 23, 2026 1:36 PM |
4.9% Workers’ Comp Rate Increase Proposed in Washington
The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers pay for workers’ compensation insurance in 2027. The proposed increase would raise the cost of coverage by an average …
POSTED SEPTEMBER 23, 2026 5:00 AM |
Southern California Edison Chief Warns Wildfire Impasse Risks Higher Customer Bills
Southern California Edison customers face hundreds of millions of dollars in additional costs if the utility’s credit rating is downgraded to junk after California failed to pass wildfire legislation, according to the head of the utility’s parent company. Among the …
POSTED SEPTEMBER 23, 2026 5:00 AM |
Firefighting Helicopter Crash Near Yosemite Killed Both Pilots
Two helicopter pilots were killed when their aircraft crashed Sunday afternoon while conducting water drops on a wildfire at Yosemite National Park, officials say. The pilots were the only people on board and were employed by the contract aircraft company …
POSTED SEPTEMBER 23, 2026 5:00 AM |
AI Insurer MGT Expands Its Small Commercial Coverage to California
MGT, a company that calls itself an “AI-native neo-insurer,” is expanding to California to offer small business coverage. The company says its underwriting model allows it to evaluate risk at a fraction of the traditional cost while giving it a …
POSTED SEPTEMBER 22, 2026 1:15 PM |
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