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News Archives - Insurance Journal
People Moves: Brown & Riding Adds Hasan to National Property Practice
Brown & Riding announced Omar Hasan has joined its National Property Practice. Hasan brings nearly two decades of industry experience and specializes in complex commercial property placements and solutions for middle-market and large commercial accounts. Hasan is known for his …
POSTED AUGUST 17, 2026 3:09 PM |
Amazon Reinstates Binding Arbitration, Bars Class-Action Lawsuits
Amazon on Friday reinstated binding arbitration for its U.S. customers while also barring them from seeking class-action lawsuits, making it more difficult for users to address grievances in court. In emails on Friday, Amazon said the changes are effective immediately …
POSTED AUGUST 17, 2026 3:08 PM |
Ohio City to Pay $4.7M to Family of Teenager Killed by Police
Officials in Akron, Ohio, have fired a police officer who shot and killed 15-year-old boy while also announcing Friday that the city has agreed to pay $4.75 million to the teen’s family. The settlement, which still needs a judge’s approval, …
POSTED AUGUST 17, 2026 3:05 PM |
Rival AI PACs Spend Big in Florida to Sway Trump’s Governor Pick
The artificial-intelligence industry’s political machines battling each other over how to regulate the technology are trying a new tactic in Florida after fighting in primary elections across the US: joining together to make multimillion-dollar bets on the same candidate. Two …
POSTED AUGUST 17, 2026 2:51 PM |
Tomb Raiders Stole From Cemeteries in 9 States. Florida Offering Reward for Info
Authorities are searching for a trio of modern tomb raiders that they say has stolen family heirlooms and other valuables from cemeteries in at least nine states. The suspects — a mother and daughter, and the daughter’s boyfriend — “went …
POSTED AUGUST 17, 2026 2:40 PM |
Gallagher: Securities Class-Action Settlement Dollars Up $48% in H1
For the first half of 2026, when it comes to securities class actions, the plaintiffs bar is winning, according to Gallagher. In a new report on the lawsuits targeting directors and officers, Gallagher said total settlement dollars increased sharply. After …
POSTED AUGUST 17, 2026 2:39 PM |
Reinsurance MGA Envelop Risk to Launch Lloyd’s Syndicate 1925
Envelop Risk, global specialty cyber underwriting firm, announces it has received in-principle approval from Lloyd’s to launch Envelop Syndicate 1925, transitioning from its existing Lloyd’s special purpose arrangement (SPA). The syndicate will commence underwriting on January 1, 2027. Envelop Risk …
POSTED AUGUST 17, 2026 2:32 PM |
Severe Storms and Flooding Claim at Least 5 Lives in Indiana
Indiana authorities said at least five people have died as a result of severe storms and flooding across the state this week, as first responders used boats to rescue more people Saturday from rising waters in neighborhoods along the White …
POSTED AUGUST 17, 2026 2:18 PM |
Trump Spurned Again by US Supreme Court on $5 Million Carroll Award
The US Supreme Court for a second time rejected President Donald Trump’s request to overturn a jury finding that he sexually abused and defamed the writer E. Jean Carroll. The rebuff leaves intact a $5 million award that Carroll collected …
POSTED AUGUST 17, 2026 1:59 PM |
SEC to Keep Hands Off Shareholder Proposals, Worrying Activists
The top U.S. financial regulator on Friday made permanent its decision to cease judging whether companies may exclude shareholder resolutions from votes at annual meetings, leaving investor activists concerned about diminishing influence. In practice, the change announced by the U.S. …
POSTED AUGUST 17, 2026 12:31 PM |
West News Archives - Insurance Journal
AI-Powered Distribution Platform Launched by bolt in California
Insurtech bolt launched an AI-powered insurance distribution platform the company says enables access across all lines for distribution partners. Connected Distribution is a new operating model that combines customer data, workflows and integrated market access into a single AI-powered connected …
POSTED AUGUST 17, 2026 5:00 AM |
AM Best Upgrades Ratings of California Casualty Group Members
AM Best upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair) of The California Casualty Indemnity Exchange in Palo Alto, California. The upgrade includes its wholly …
POSTED AUGUST 17, 2026 5:00 AM |
Hawaii Faces Rare Hurricane Strike as Storms Batter Indiana
Hawaii is in line for a rare hurricane strike as Tropical Storm Lala grazes the Big Island, while severe storms threaten more flooding and outages across Indiana. Tropical Storm Lala may grow into a hurricane as it grazes the Big …
POSTED AUGUST 14, 2026 3:08 PM |
People Moves: IMA Appoints Schwartz New Leader for Washington Market
IMA Financial Group Inc. named Karen Schwartz as Washington market president. She leads IMA’s Washington market strategy, focusing on strengthening collaboration across business lines, partnering with property/casualty and employee benefits teams and producers. Schwartz has nearly 15 years of insurance …
POSTED AUGUST 14, 2026 5:00 AM |
California Advances Bill to Expand Antitrust Enforcement Law
A major expansion of California’s antitrust laws advanced in the state legislature Thursday despite opposition from business leaders and some government officials. The state Senate Appropriations Committee moved the bill, AB 1776, to the full chamber, where it must pass …
POSTED AUGUST 14, 2026 5:00 AM |
Hawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 …
POSTED AUGUST 13, 2026 1:25 PM |
Green Shield Expands Non-Admitted High-Value HO Program to California and Colorado
A specialty homeowners program serving high-value homeowners is coming to California and Colorado. Green Shield Risk Solutions is expanding its Guardian Elite Home, a non-admitted homeowners program for affluent primary and secondary residences, in California and Colorado. The rollout is …
POSTED AUGUST 13, 2026 5:00 AM |
Inszone Insurance Acquires Two Fong’s in California
Inszone Insurance Services acquired Two Fong’s Inc in California. Founded in 1982 and acquired by its current leadership, Al and Pete Fong, in 2000, Two Fong’s has maintained a presence across the Bay Area, specializing in commercial property and lessor’s …
POSTED AUGUST 12, 2026 5:00 AM |
Edison Judge Balks at Holding Utility Liable for LA Wildfire
Insurance companies lost a bid to hold Edison International’s Southern California utility liable for a massive Los Angeles-area wildfire without a trial. Superior Court Judge Laura Seigle on Tuesday tentatively denied a request to put Southern California Edison on the …
POSTED AUGUST 12, 2026 5:00 AM |
Montana Auditor Suspends Producer License of Bail Bondsman Accused of Exploitation
Montana State Auditor James Brown suspended the insurance producer license of a bail bondsman accused of exploiting people under his supervision, including trading services for sex and allegedly taking possession of vehicle titles without proper documentation, authorization or timely return …
POSTED AUGUST 11, 2026 5:00 AM |
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