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News Archives - Insurance Journal
Fermat Criticizes ‘Unprecedented’ EU Plan to Limit Retail Investor Access to Cat Bonds
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front. John Seo, co-founder and managing director of the Connecticut-based hedge fund …
POSTED MARCH 23, 2026 9:28 AM |
Update: Berkshire Hathaway to Invest $1.8 Billion in Tokio Marine
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the US conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
POSTED MARCH 23, 2026 9:18 AM |
Chinese Insurer Ping An’s Offshore Unit Reconsiders US Exposure
The overseas investment arm of China’s Ping An Insurance (Group) Company is reconsidering its exposure to the US as the Iran war fuels waves of volatility. The conflict in the Middle East has upended global markets over the past few …
POSTED MARCH 23, 2026 8:02 AM |
Iran-Linked Hackers Restore Website After US Seizes Domains
The website used by an Iranian government-linked hacking unit that claimed responsibility for a March 11 cyberattack on a U.S. medical device maker was back up and running a day after the FBI and Department of Justice seized its internet …
POSTED MARCH 23, 2026 5:20 AM |
Hyundai Says More Injuries Tied to SUV Rear Power Seat Recall
Hyundai Motor said on March 20 it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl …
POSTED MARCH 23, 2026 5:15 AM |
Remote Spanish Airport Again Becomes Parking Lot for Planes, This Time on Iran War
An airport in a dusty and remote corner of rural Spain has once again become a parking lot for aircraft stranded in Europe, this time due to the war with Iran, which has forced countries to close their airspace and …
POSTED MARCH 23, 2026 5:05 AM |
The Luxury Life of British Expats in Dubai Faces a Reality Check
On a trip to Dubai two years ago to review luxury hotels, I found myself at a beach-club brunch surrounded by people with British accents. Groups were debating the merits of different corners of the Clapham neighborhood. If not for …
POSTED MARCH 23, 2026 5:03 AM |
‘Mental Health Trip’ to NY Not Compensable, Florida Appellate Court Finds
A south Florida FedEx driver, now a quadriplegic after a vehicle crash in 2019, may need constant care and may benefit from a trip to see family members in New York. But the employer and the workers’ compensation insurer should …
POSTED MARCH 23, 2026 5:02 AM |
Predicting the Insurability of Prediction Markets
Could a market that facilitates millions in wagers on how many times Vice President JD Vance claps during a State of the Union address, or whether Elon Musk will finally be unmasked as Satoshi Nakamoto—the elusive, pseudonymous creator of bitcoin—actually …
POSTED MARCH 23, 2026 5:02 AM |
Orlando Apartment Complex Evacuated After Cracks Found on All Five Floors
More than 350 people were hastily evacuated from an Orlando apartment complex last week after fire officials found cracks throughout the building along with doors that wouldn’t open. Local news outlets reported that a panicky resident called 911 Thursday morning …
POSTED MARCH 23, 2026 5:01 AM |
West News Archives - Insurance Journal
People Moves: CopperPoint Appoints Woods SVP, Head of Product
CopperPoint Insurance Companies named Mark Woods senior vice president, head of product. Woods leads the integration of underwriting product and systems, guides geographic and product expansion strategies. Woods has more than 18 years of insurance experience across product, underwriting, risk …
POSTED MARCH 20, 2026 5:00 AM |
2,400 Kaiser Mental Health Professionals Strike in California Over AI Concerns
About 2,400 Kaiser Permanente mental health professionals were striking Wednesday in Northern California over concerns that the health care giant is replacing therapists with artificial intelligence. Kaiser says the union claim is false and AI will not replace human assessment …
POSTED MARCH 19, 2026 10:45 PM |
Report: ‘One in A Million’ Live Fire Malfunction Rained Shrapnel on California Highway
A “one in a million” malfunction during a live fire demonstration over Camp Pendleton last October led to a misfire that rained shrapnel on Interstate 5, striking two California Highway Patrol vehicles, a U.S. Marine Corps investigation found. An artillery …
POSTED MARCH 19, 2026 12:48 PM |
Arizona Cardiology Group Paying $4.75M Over Unnecessary Vein Procedure Allegations
A cardiology business and three physicians in Arizona were ordered to pay $4.75 million to resolve allegations they performed medically unnecessary vein ablations. Tri-City Cardiology, P.C., a physician group based in the metro area of Phoenix, and three physicians, are …
POSTED MARCH 19, 2026 5:00 AM |
California Weighs Crackdown on Social Media for Kids Under 16
The home of the world’s highest-flying social media companies is considering a measure to clip their wings. A bipartisan bill in California would establish a minimum age requirement for social media accounts, curtailing the access of minors to platforms such …
POSTED MARCH 19, 2026 5:00 AM |
LA County Metro Buses Will Warn Against Workers’ Comp Fraud
Los Angeles County buses will soon be large, rolling warnings against workers’ compensation fraud. L.A. County District Attorney Nathan J. Hochman announced the launch of a countywide LA Metro bus advertisement campaign in which buses will bear warnings that lying …
POSTED MARCH 18, 2026 5:00 AM |
People Moves: Alliant Private Client Hires Dantona as SVP
Jennifer Dantona joined Alliant Insurance Services as senior vice president with Alliant Private Client. Dantona is based in Irvine, California. She has more than 20 years of experience supporting personal insurance portfolios, including many individuals and families in the entertainment …
POSTED MARCH 18, 2026 5:00 AM |
Los Angeles, US West Brace for Second Bout of Record March Heat
Los Angeles and the U.S. Southwest are set for a second record heat wave in two weeks as temperatures soar, potentially straining electric grids, melting snowpack and raising health risks. Tuesday’s high in downtown Los Angeles is forecast to reach …
POSTED MARCH 17, 2026 6:49 PM |
‘Zombie’ Second Mortgages Spur New Battles in California, Maryland
In a room outside the Maryland State Senate chamber last winter, consumer advocates were meeting privately with lawmakers to explain how borrowers were losing their homes over “zombie” loans, old second mortgages that they hadn’t heard from lenders about in …
POSTED MARCH 17, 2026 2:00 PM |
Owners of Large California Tow Operation Charged in $6M Workers’ Comp Fraud Scheme
Owners of one of the biggest towing businesses in Southern California were arrested on multiple counts of felony insurance fraud. Bothers Mark Hassan and Ahmed Hassan were charged with underreporting employee payroll and paying parts of employees’ wages in cash …
POSTED MARCH 17, 2026 5:00 AM |
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