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News Archives - Insurance Journal
FAA Admits Faulure to Act on Warnings Before Jet-Copter Collision That Killed 67 People
The head of the Federal Aviation Administration will tell Congress on Tuesday the agency failed to act on warnings prior to the January 2025 fatal collision between an American Airlines regional jet and an Army helicopter that killed 67 people …
POSTED MAY 18, 2026 9:54 PM |
Michigan Secures $108M Settlement With Monsanto for PCB Contamination
Michigan Attorney General Dana Nessel has secured a $108 million settlement with Monsanto Company (PDF), the major manufacturer of polychlorinated biphenyls (PCBs), and affiliated companies Solutia Inc. and Pharmacia LLC to address harms from PCB contamination in the State of …
POSTED MAY 18, 2026 4:50 PM |
Business Moves: Vienna Insurance Purchases Nuernberger; Liberty Mutual Raises Stake in India Unit; Aon’s NFP Buys Irish Private Wealth Specialist; Gallagher Buys UK Law Firm
During this month, two insurers and two brokers have announced acquisitions in India and Europe. Details of these deals follow. Vienna Insurance Group Completes Purchase of Germany’s Nuernberger Vienna Insurance Group (VIG) has completed its acquisition of Nuernberger Beteiligungs AG …
POSTED MAY 18, 2026 4:44 PM |
Inszone Acquires Florida’s Coastal Insurance, Shepherd Moves to New Bradenton Office
California-headquartered Inszone Insurance Services has continued its hot streak of acquisitions with the purchase of Coastal Insurance Services in Florida and affiliated Optimal Insurance Solutions. The acquisition marks Inszone’s first step into the Florida market, the company said in a …
POSTED MAY 18, 2026 4:33 PM |
It’s a Good Thing? Martha Stewart to Get Into Home Insurance With Hint
Hint, a self-described “home management platform,” has launched with a $10 million seed round of funding and the original influencer of all things having to do with the home living. Well-known multimedia mogul and businesswoman Martha Stewart has co-founded Hint …
POSTED MAY 18, 2026 3:14 PM |
Investigation Launched into Fatal Small Plane Crash in Northeast Ohio
An investigation began Friday into what caused a small plane to crash into a house in northeast Ohio and explode into flames, killing both pilots aboard. The National Transportation Safety Board was leading the review in Akron, alongside the Federal …
POSTED MAY 18, 2026 3:11 PM |
Defense Department Delays Texas Wind Projects, Citing National Security Concerns
Dozens of wind projects in Texas are in limbo after the U.S. Department of Defense paused issuing routine federal permits citing national security concerns, a move that experts say expands the Trump administration’s crusade against wind energy. According to data …
POSTED MAY 18, 2026 3:08 PM |
Texas Chick-fil-A Franchisee Sued for Religious Discrimination
Hatch Trick, Inc., a Chick-fil-A franchisee operating multiple locations in Austin, Texas violated federal law by refusing to reasonably accommodate an employee’s request to refrain from working on Saturdays in observance of her Sabbath day and instead fired her, the …
POSTED MAY 18, 2026 3:03 PM |
CopperPoint Insurance to Acquire Surety Specialist General Indemnity Group
Boston-based General Indemnity Group (GIG), an insurance holding company specializing in commercial and contract surety, announced that it has agreed to be acquired by CopperPoint Insurance Co., a workers’ compensation and commercial insurance provider based in Phoenix. The transaction includes …
POSTED MAY 18, 2026 2:44 PM |
Miami Condo Developer Kapoor Changes Plea to Guilty in $89 Million Fraud Case
A prominent Miami real estate developer who once hired the city’s mayor as a $10,000-a-month consultant has pleaded guilty to money laundering and payroll-tax charges in a $89 million fraud scheme. Rishi Kapoor, who once led Location Ventures and URBIN …
POSTED MAY 18, 2026 2:32 PM |
West News Archives - Insurance Journal
Denver Runway Fatality Reveals a Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
POSTED MAY 18, 2026 1:25 PM |
34,000 PG&E Customers Without Power on California Fire Risk
More than 34,000 homes and businesses remain without power across PG&E Corp.’s service area after a weekend outage due in part to dry and windy conditions that raised the risk of wild fires. There were 659 outages impacting 34,322 customers …
POSTED MAY 18, 2026 1:04 PM |
Study: California Workers’ Comp Claim Costs Continue to Rise
California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to …
POSTED MAY 18, 2026 5:00 AM |
Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
POSTED MAY 15, 2026 1:27 PM |
$1.3 Billion in Medicaid Money to California Deferred Over Suspicions of Fraud
Vice President JD Vance this week announced new steps in the Trump administration’s initiative to root out fraud in federal health programs, including a $1.3 billion deferral in Medicaid funding to California. “How long are people going to pay into …
POSTED MAY 15, 2026 5:00 AM |
Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
POSTED MAY 14, 2026 6:00 PM |
People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
POSTED MAY 14, 2026 4:51 PM |
Denver Airport Security Missed Trespasser Killed By Plane on Runway
Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said …
POSTED MAY 14, 2026 1:31 PM |
California Attorney General Looking into FIFA World Cup Ticketing Practices
California Attorney General Rob Bonta is looking into what he says are reports of misleading ticketing practices for the 2026 FIFA World Cup that are potential violations of California law. Bonta sent a letter to FIFA raising concerns about ticketing …
POSTED MAY 14, 2026 1:14 PM |
LP Acquires Benefits Consulting Practice of Van Noy Consulting Group in Nevada
LP Insurance Services acquired the employee benefits consulting practice of Van Noy Consulting Group in Nevada. The deal includes the addition of Terry Van Noy as an employee benefits consultant. Van Noy has more than five decades of leadership and …
POSTED MAY 14, 2026 5:00 AM |
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