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News Archives - Insurance Journal
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues
Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of …
POSTED OCTOBER 01, 2026 4:04 PM |
Allianz Appoints Kroetz and Floquet as CEOs at Allianz Partners and Allianz Direct
Allianz Group announced chief executive officer appointments at Allianz Partners and Allianz Direct, following Tomas Kunzmann’s appointment to the Allianz SE Board of Management. Philipp Kroetz, currently chief executive officer of Allianz Direct, will become CEO of Allianz Partners, effective …
POSTED OCTOBER 01, 2026 3:44 PM |
People Moves: AIG Names Hussain CRO for Retiring Schaper
American International Group (AIG) said Turab Hussain was appointed executive vice president and chief risk officer of AIG, effective Oct. 12. Hussain will report to Eric Andersen, president & CEOr, AIG and will serve on AIG’s Executive Leadership Team. He …
POSTED OCTOBER 01, 2026 3:11 PM |
People Moves: Plymouth Rock Home Names Stuckey VP of Customer Service
Plymouth Rock Home Assurance Corp. headquartered in Boston, Massachusetts, named Jared Stuckey as vice president of customer service and underwriting. Stuckey previously led underwriting strategy and managed personal and commercial products for Plymouth Rock’s Independent Agent auto business. He will …
POSTED OCTOBER 01, 2026 2:10 PM |
Zurich Insurance Completes Acquisition of Beazley
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) of Lloyd’s insurer Beazley, effective today. Beazley shares were suspended this morning from the London Stock Exchange with delisting planned for Oct. 2. Under the terms of the deal (known …
POSTED OCTOBER 01, 2026 12:56 PM |
Senate Blocks Bill to Address Data Center Costs
The US Senate on Sept. 30 blocked legislation requiring state utility regulators to consider whether large electricity users, including data centers, should bear the incremental costs of power infrastructure built to serve them and thus ease the burden on households. …
POSTED OCTOBER 01, 2026 12:05 PM |
US Fund Accuses Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial …
POSTED OCTOBER 01, 2026 10:58 AM |
Wisconsin Manufacturer Settles Religious Accommodation Request
Generac Power Systems, a Wisconsin generator manufacturer, reached an agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve for monetary and injunctive relief a religious accommodation charge involving an employee’s request to use biological pronouns for another employee, …
POSTED OCTOBER 01, 2026 8:30 AM |
Illinois Governor Creates Cabinet to Explore AI Regulation
Gov. JB Pritzker is setting up a new group within state government to explore more regulations for artificial intelligence as calls grow across the country for new restrictions. Pritzker signed an executive order lsat week to establish an AI Cabinet …
POSTED OCTOBER 01, 2026 8:00 AM |
Seven Indicted in Louisiana Arson Scheme to Defraud Insurers
Seven people were indicted this week in a years long arson-related insurance fraud scheme involving fires set intentionally in Monroe, Louisiana. The U.S. Attorney’s Office in the Western District of Louisiana alleges that between 2019-2026, the defendants rented homes, obtained …
POSTED OCTOBER 01, 2026 7:00 AM |
West News Archives - Insurance Journal
Sea Level Rise Is Reshaping A California Beach Town, Threatening A Key Rail Line
For years, residents of this Southern California beach town could walk a mile along a stretch of cream-colored sand and dip their toes in the waves lapping ashore. That trip has been cut short. Coastal erosion has been eating away …
POSTED OCTOBER 01, 2026 5:00 AM |
Outmarket in California AI Raises $34.5M Series B
San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …
POSTED OCTOBER 01, 2026 5:00 AM |
Viewpoint: Idaho Supreme Court Finds Minimum Limit UIM Coverage Illusory
I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Six Flags Closes California Roller Coaster Targeted by Lawsuits
Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a multitude of safety tests, we have decided to close the …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Prosecutors Seize Bank Accounts of Montana Firm Linked to Tether
U.S. prosecutors in California have seized millions of dollars from bank accounts and cryptocurrency wallets tied to a Montana payments company reportedly linked to Tether. Owners of Capstone, which acted as a money services business, misrepresented the business as an …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Viewpoint: How Central Valley Agencies Are Serving Clients After State Farm’s Pullback
California property insurance shopping has changed its order of operations. Five years ago, a homeowner or small-business owner who called an independent agency often expected a comparison of several carriers and a conversation about price. Today, the first question is …
POSTED SEPTEMBER 29, 2026 5:00 AM |
Lawsuits Allege Six Flags Roller Coaster Caused Traumatic Brain Injuries
Three people who went to California’s Six Flags Magic Mountain have filed lawsuits saying they were left with traumatic brain injuries from the park’s famed X2 roller coaster that is advertised as a rite of passage for the “ultimate daredevil.” …
POSTED SEPTEMBER 28, 2026 5:00 AM |
California’s El Niño Emergency Begins Now as Beaches Erode
California is facing a potentially multi-billion-dollar flood threat as El Niño gathers strength in the Pacific Ocean. The warming El Niño phenomenon tends to unleash powerful storms in the Pacific, including atmospheric rivers, some of which are named the “Pineapple …
POSTED SEPTEMBER 28, 2026 5:00 AM |
Hurricane Nolo Threatens Hawaii With Catastrophic Flooding
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …
POSTED SEPTEMBER 25, 2026 2:04 PM |
Southern California Edison Pushing for Wildfire Liability Deal Before Lawmakers Depart
Electric utility Southern California Edison is urging California lawmakers to hold a special session before year-end to consider limiting utilities’ exposure to future wildfire liabilities, CEO of parent company Edison International EIX.N Pedro Pizarro said this week. Electric utility infrastructure …
POSTED SEPTEMBER 25, 2026 5:00 AM |
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