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News Archives - Insurance Journal
People Moves: Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division; UIB Names Burns and Wilcox’s Webb as Divisional Director – Binders
This edition of International People Moves details appointments at Specialty MGA and United Insurance Brokers (UIB). A summary of these new hires follows here. Specialty MGA Taps Marsh’s Smithson to Head Global Financial Lines and Cyber Division Specialty MGA, a …
POSTED JUNE 08, 2026 4:42 PM |
Markets/Coverages: Willis Expands Int’l Property Facility, With $60M Follow Capacity
Willis, a WTW business, announced the expansion of its international property facility, now able to offer up to US$60 million of follow capacity per placement. The facility’s expanded lead panel of Lloyd’s syndicates is able to quote competitively across a …
POSTED JUNE 08, 2026 4:19 PM |
People Moves: CorVel Names Scott as CEO and President
CorVel announced that Sarah Scott will be appointed CEO and President, effective July 1, 2026, succeeding Michael G. Combs, who will transition to the role of Executive Chair. Mr. Combs has served as President since 2017 and CEO since 2019, …
POSTED JUNE 08, 2026 3:57 PM |
Tyco to Pay $10M Settlement With Wisconsin Over PFAS Contamination
The manufacturer of a firefighting foam that contaminated the water supply in northeastern Wisconsin with PFAS chemicals for decades agreed to a $10 million settlement with the state, the governor and attorney general announced on Thursday. The settlement comes as …
POSTED JUNE 08, 2026 3:53 PM |
Illinois Joins Ohio in Ordering Pause on Data Center Tax Credits
Governor JB Pritzker issued an order pausing state tax incentives for data centers in Illinois after the state legislature stalled his plan to keep data-center energy costs from affecting local residents’ bills. Pritzker, a Democrat seeking his third term, said …
POSTED JUNE 08, 2026 3:49 PM |
Deadly Screwworm Pest Spreads in Texas With Two New Cases
The US Department of Agriculture confirmed an additional two cases of New World screwworm in Texas, bringing the total number of detections in the US to four and raising concerns that the parasite is spreading in the state. The parasitic …
POSTED JUNE 08, 2026 3:39 PM |
Hail Fire: NC Couple Charged With Making Duplicate Claims for Same Damage
A North Carolina couple this week was awaiting court action after they were charged with filing claims with two different insurance carriers—State Farm and Homesite Insurance, court records show. Gurjant Singh Gill, 42, and Karmpreet Kaur Gill, 41, of Raleigh, …
POSTED JUNE 08, 2026 3:25 PM |
D&O Market Expected to Tighten Under Pressure, Says AM Best
Analysts at insurance rating firm AM Best said there are “warning signs” for the directors & offers liability market, leading to shrinking underwriting margins and a tighter environment for buyers in 2026. In a new report, AM Best said 2025 …
POSTED JUNE 08, 2026 2:49 PM |
Thai Consumer Watchdog to File Civil Suit Against Volvo Cars’ Thai Unit, Official Says
Thailand’s consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair and maintenance unit, Scandinavian Auto Co. Ltd, over battery-related fires in its EX30 model, Pradoemchai Bunchualuai, an adviser to …
POSTED JUNE 08, 2026 2:29 PM |
Miami Moves to Seize Part of Posh Island After Fuel Fight
Miami’s mayor is moving to forcibly acquire 10 acres of land on Fisher Island, one of the priciest ZIP codes in the US, from real estate developers who want to replace a maritime fuel facility with swanky new condominiums. The …
POSTED JUNE 08, 2026 2:09 PM |
West News Archives - Insurance Journal
Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
A Los Angeles jury has awarded $176 million to the parents of two young brothers killed in a hit-and-run collision when a California socialite’s car struck them in a crosswalk nearly six years ago. The jury found both Rebecca Grossman …
POSTED JUNE 08, 2026 1:46 PM |
California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
POSTED JUNE 08, 2026 5:00 AM |
Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to …
POSTED JUNE 05, 2026 1:32 PM |
People Moves: Delos Names Schween CTO; Legner Joins Trucordia as Agriculture Platform Senior VP; XPT Specialty Names McEachern VP, Commercial Underwriter/Broker
Delos Appoints Schween CTO Delos Insurance Solutions has appointed Brian Schween to the role of chief technology officer. Schween has extensive technology experience in the insurance industry, having had several C-level roles in a variety of organizations. Currently operating in …
POSTED JUNE 05, 2026 5:00 AM |
Tesla Settles Some Worker Racism Claims as Bigger Trial Looms
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. …
POSTED JUNE 04, 2026 12:59 PM |
Environmental Brokers Busier Following Washington Chemical Plant Blast
In the weeks following the implosion of a massive tank at a Washington paper mill that killed 11 workers and spilled hundreds of thousands of gallons of chemicals, believed to be the deadliest industrial accident in state history, managers of …
POSTED JUNE 04, 2026 5:00 AM |
People Moves: Alliant Adds Ehrlich and Bender as EVPs in M&A Vertical
Alliant Insurance Services hired Joseph Ehrlich and Jackson Bender as executive vice presidents within its mergers and acquisitions (M&A) vertical. Based in New York, Ehrlich has experience advising private equity firms, family offices and strategic investors on complex transactional risk …
POSTED JUNE 04, 2026 5:00 AM |
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Democrats Jane Kim and Ben Allen led voting in Tuesday’s race for California insurance commissioner, making them the current favorites to advance to the Nov. 3 primary. However, insurance agent Stacy A. Korsgaden, R, was running a close third. The …
POSTED JUNE 03, 2026 1:35 PM |
Markets/Coverages: Resilience Launches Cyber Risk Program for Private Equity
Resilience launched a private equity cyber risk program that the San Francisco-based company said will help private equity firms manage cyber exposure across their portfolios. The program connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance …
POSTED JUNE 03, 2026 1:01 PM |
Buckner Expanding Operations in Utah With New Office
Buckner is opening its eighth office location, this one in St. George, Utah. Jameson Carr will help lead Buckner’s expansion efforts in Southern Utah. Salt Lake City-based Buckner is a regional brokerage with more than $50 million in reported annual …
POSTED JUNE 03, 2026 5:00 AM |
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