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News Archives - Insurance Journal
Russian Strike on Ukraine’s Odesa Kills Three as Moscow, Kyiv Battle Over Black Sea
Russia and Ukraine stepped up their battle over the Black Sea and key trade routes on Wednesday, with Moscow killing three people in an attack on the Ukrainian port city of Odesa and Kyiv’s drone forces striking Russian shipping. Odesa …
POSTED JULY 15, 2026 10:53 AM |
OpenAI Unaware of ‘Any Evidence’ Showing Apple Lawsuit Has Merit
OpenAI said on Tuesday that it’s “not aware of any evidence” that an Apple Inc. lawsuit alleging trade-secret theft has merit. The latest remarks come four days after Apple filed the suit, which claimed that OpenAI took proprietary technology to …
POSTED JULY 15, 2026 10:35 AM |
AI Bumps Power Cost 60% as Mega US Grid Fails to Hit Supply Goal
Power-hungry data centers have increased supply costs for the largest US electric grid by more than 60%, the system watchdog said. PJM Interconnection LLC, which serves 13 states and Washington, DC, said Tuesday that its auction to procure power for …
POSTED JULY 15, 2026 10:30 AM |
India’s Largest Nuclear Power Plant Hit by Data Breach
Ransomware group World Leaks has posted on the dark web a huge cache of files related to India’s largest nuclear plant, including purported blueprints of parts of its facilities and supplier details — information it labeled as coming from Reliance …
POSTED JULY 15, 2026 9:47 AM |
UK Sets Out Rules to Create Captive Insurance Regime
The UK has proposed rules to help encourage a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. The Bank of England and the Financial Conduct Authority laid out plans for a captive …
POSTED JULY 15, 2026 9:16 AM |
People Moves: Everest Names Hanrahan Global Distribution & Chief Commercial Officer
Everest Group Ltd., headquartered in Hamilton, Bermuda, appointed Craig Hanrahan as Global Distribution & Chief Commercial Officer, effective August 1, 2026. He will continue to report directly to Jim Williamson, Everest president and CEO, serving as a member of the …
POSTED JULY 15, 2026 5:05 AM |
One Weather Firm Warns That New England Could See Big Hurricane This Season
All of the best-known storm forecasting services have predicted a mild 2026 Atlantic hurricane season. That includes Colorado State University, which last week revised its outlook to “well below normal” with just nine named storms, four hurricanes, and only one …
POSTED JULY 15, 2026 5:02 AM |
Markets/Coverages: Lemonade Enters Maine and Vermont Renters Insurance Markets
Digital insurer Lemonade has expanded availability of its renters insurance into Vermont and Maine. They become the 43rd and 44th states where Lemonade offers renters insurance. Lemonade lets renters use an app to obtain quotes, purchase policies, update existing policies, …
POSTED JULY 15, 2026 5:00 AM |
Canada Suspends Animal Exports From Texas Due to New World Screwworm Concerns
Canada has suspended several animal exports from Texas due to concerns about the New World screwworm, according to the U.S. Department of Agriculture. The Canadian Food Inspection Agency is immediately suspending the export of horses, pigs, cattle, bison, sheep, goats, …
POSTED JULY 15, 2026 4:25 AM |
Texas Braces for Heavy Storms One Year After Deadly Floods
Slow-moving storms are drenching much of central Texas this week as a disturbance in the upper atmosphere collides with summer humidity to produce heavy rains. Flood alerts cover much of central Texas, including San Antonio, Austin and the Houston suburbs. …
POSTED JULY 15, 2026 4:22 AM |
West News Archives - Insurance Journal
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls
Waking up in a Waymo comes as a shock. Ditto Kasendar remembers soft music drifting from the robotaxi’s speakers as he rode home late at night from a friend’s birthday party last year. The next moment, Los Angeles firefighters were …
POSTED JULY 14, 2026 3:59 PM |
RockRose Risk Launches Mitigation-First Insurance Model for California Homeowners
RockRose Risk launched a “human-in-the-loop” assessments product to provide the algorithms need to price risk accurately in California. RockRose Risk, an insurance brokerage that offers property owners discounts for wildfire mitigation, launched its homeowners insurance product in California, which follows …
POSTED JULY 14, 2026 1:01 PM |
People Moves: Baldwin Group Hires Pierce as Regional President for IAS
The Baldwin Group announced the appointment of Phil Pierce as west regional president for its Insurance Advisory Solutions (IAS) segment. This appointment further underscores the firm’s sustained growth as well as the evolving scale of its IAS business. In this …
POSTED JULY 14, 2026 7:00 AM |
California Cannot Seek Damages From 23andMe Successor Over 2023 Data Breach
A U.S. bankruptcy judge on July 10 said California cannot seek damages from the company formerly known as 23andMe arising from a 2023 data breach that exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy …
POSTED JULY 13, 2026 3:04 PM |
Driver Sentenced for Insurance Fraud After Crash Caught on Dashcam
A California driver was sentenced for filing a fraudulent insurance claim after dashcam footage showed him involved in a road rage incident that caused the accident. Kenneth Pham Tran, 54, of San Jose, was sentenced after dashcam footage showed him …
POSTED JULY 13, 2026 5:00 AM |
California Insurance Commissioner OKs Upping Workers’ Comp Pure Premium 10.4%
California Insurance Commissioner Ricardo Lara approved workers’ compensation advisory pure premium rates that average 10.4% than last year. The Workers’ Compensation Insurance Rating Bureau of California submitted a pure premium rate filing in May to the commissioner proposing September 1, …
POSTED JULY 13, 2026 5:00 AM |
People Moves: Trucordia Names Roberts EVP, Health Benefits & Financial Services; Arrowhead Programs Adds Kaufman as SVP and Chief Actuary
Trucordia Names Roberts as EVP, Health Benefits & Financial Services Trucordia named Steve Roberts executive vice president, health benefits and fnancial services. Roberts has more than three decades of experience leading growth, modernization and transformation across major healthcare and benefits …
POSTED JULY 13, 2026 5:00 AM |
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for …
POSTED JULY 10, 2026 1:17 PM |
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California …
POSTED JULY 10, 2026 5:00 AM |
Trucordia Acquires Assets of Dominion Insurance Services in California
Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group …
POSTED JULY 10, 2026 5:00 AM |
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