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News Archives - Insurance Journal
Bank of England Sees Growing Risk That Dangers From AI and Debt Will Materialize
The Bank of England on Wednesday warned of an increase in the risk that interconnected weaknesses in the financial system will crystallize, highlighting the re-escalation of the conflict in Iran and increased AI-related debt issuance. Rises in oil and gas …
POSTED SEPTEMBER 30, 2026 1:44 PM |
Tooker to Succeed Swift as CEO of The Hartford
The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years as CEO. Tooker will join the board, …
POSTED SEPTEMBER 30, 2026 1:44 PM |
AIG’s Lexington Starts Financial Institutions Practice
American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, …
POSTED SEPTEMBER 30, 2026 1:32 PM |
Connecticut Weighs 4.9% Workers’ Comp Loss Cost Decrease for 2027
Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If …
POSTED SEPTEMBER 30, 2026 1:23 PM |
Vessel Carrying Vehicles Became Stuck on Rhine River as Levels Drop
A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck …
POSTED SEPTEMBER 30, 2026 12:39 PM |
Nuclear Plant Settles Cancer, Contamination Lawsuits
Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over …
POSTED SEPTEMBER 30, 2026 12:37 PM |
World Insurance Associates Acquires Arctic Risk Specialists
World Insurance Associates LLC announced that it acquired the business of Arctic Risk Specialists (ARS) of Toms River, New Jersey on June 1, 2026. ARS Group was founded in 2014 by Thomas Nastasi. The group provides commercial insurance, specializing in …
POSTED SEPTEMBER 30, 2026 12:05 PM |
New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule
On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …
POSTED SEPTEMBER 30, 2026 12:00 PM |
Facing Climate Lawsuits, Big Oil Again Turns to US Supreme Court
Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …
POSTED SEPTEMBER 30, 2026 11:37 AM |
McKinsey Rebukes Partner Who Questioned Challenges Facing Women CEOs
A McKinsey & Co. senior partner’s online comments questioning some challenges that women leaders face in the workplace have prompted a rebuke from his employer. McKinsey said it was “disappointed” and doesn’t endorse the remarks made by Australia-based senior partner …
POSTED SEPTEMBER 30, 2026 10:59 AM |
West News Archives - Insurance Journal
Viewpoint: Idaho Supreme Court Finds Minimum Limit UIM Coverage Illusory
I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Six Flags Closes California Roller Coaster Targeted by Lawsuits
Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a multitude of safety tests, we have decided to close the …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Prosecutors Seize Bank Accounts of Montana Firm Linked to Tether
U.S. prosecutors in California have seized millions of dollars from bank accounts and cryptocurrency wallets tied to a Montana payments company reportedly linked to Tether. Owners of Capstone, which acted as a money services business, misrepresented the business as an …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Viewpoint: How Central Valley Agencies Are Serving Clients After State Farm’s Pullback
California property insurance shopping has changed its order of operations. Five years ago, a homeowner or small-business owner who called an independent agency often expected a comparison of several carriers and a conversation about price. Today, the first question is …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Lawsuits Allege Six Flags Roller Coaster Caused Traumatic Brain Injuries
Three people who went to California’s Six Flags Magic Mountain have filed lawsuits saying they were left with traumatic brain injuries from the park’s famed X2 roller coaster that is advertised as a rite of passage for the “ultimate daredevil.” …
POSTED SEPTEMBER 28, 2026 5:00 AM |
California’s El Niño Emergency Begins Now as Beaches Erode
California is facing a potentially multi-billion-dollar flood threat as El Niño gathers strength in the Pacific Ocean. The warming El Niño phenomenon tends to unleash powerful storms in the Pacific, including atmospheric rivers, some of which are named the “Pineapple …
POSTED SEPTEMBER 28, 2026 5:00 AM |
Hurricane Nolo Threatens Hawaii With Catastrophic Flooding
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …
POSTED SEPTEMBER 25, 2026 2:04 PM |
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 |
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