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News Archives - Insurance Journal
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships in Gulf
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for …
POSTED MARCH 04, 2026 7:23 AM |
Property, Auto Insurance Shopping Up as Consumers Feel Economic Pressures
Looking for deals, consumers are increasingly shopping year-round for home and auto insurance, bucking seasonal trends and insurer expectations. Elevated insurance shopping trends seen throughout 2024 and earlier in 2025 continued through the end of the year, prompting questions about …
POSTED MARCH 04, 2026 6:09 AM |
What Berkshire’s CEO Abel Said About Insurance
Berkshire Hathaway’s chief executive had the unusual task of reporting lower 2025 underwriting and investment income for GEICO and other insurance and reinsurance operations in his first report to investors recently. After two years of rising underwriting profits, Greg Abel, …
POSTED MARCH 04, 2026 6:07 AM |
Georgia Insurance Law is About to Get an Upgrade With Multiple Changes
A Georgia bill that would bring larger insurer fines, more fraud enforcement and more wind-mitigation funding now moves to state Senate, where it is expected to pass in the next few weeks. The Georgia House of Representatives late last month …
POSTED MARCH 04, 2026 6:01 AM |
SullivanCurtisMonroe Acquries Stepco Insurance Agency
SullivanCurtisMonroe has acquired Stepco Insurance Agency. The Stepco group will join SCM’s Pasadena team. Stepco was founded in 1962 as George Joseph & Associates, dba Mercury Insurance Agency. In 1983, CEO Steve Stepanian took over the agency from his brother-in-law, …
POSTED MARCH 04, 2026 6:00 AM |
Maine County Rebuilds Its Destroyed Dunes. It’s Just the Start to Save the Coastline
A crew guided a York County barge equipped with a giant sea vacuum across the waters of Wells Harbor last week. One contractor nudged the so-called dredge in a tiny tugboat. Another manned the equipment, which sucked up sand from …
POSTED MARCH 04, 2026 6:00 AM |
Little Ceasars Franchise in California Settles for $409K Over Worker Pay
The operator of a pizza parlor in California must pay back wages following an investigation that showed the business did not pay the required minimum wage and overtime. The U.S. Department of Labor reached a settlement agreement with the operator …
POSTED MARCH 04, 2026 6:00 AM |
Transgender Men Sue Kansas Over Law Invalidating Their Driver’s Licenses
Two transgender men are suing Kansas over a new law that invalidated their driver’s licenses and about 1,700 others for reflecting people’s gender identities and not their sex assigned at birth, arguing that the measure is “dehumanizing.” The men filed …
POSTED MARCH 03, 2026 5:48 PM |
Louisiana Couple Arrested for Insurance Fraud
A Baton Rouge, Louisiana couple was recently arrested for attempting to defraud an insurance company of approximately $30,000 and on other related charges, the Louisiana Office of the Attorney General announced this week. Agents with Attorney General Liz Murrill’s Louisiana …
POSTED MARCH 03, 2026 5:17 PM |
Louisiana Dept. of Insurance Enters Partnership to Fight Litigation Funding
The Louisiana Department of Insurance is entering a partnership with the National Insurance Crime Bureau (NICB) and digital intelligence company 4WARN to combat third-party litigation funding (TPLF) marketing tactics. The department said the partnership is the first of its kind …
POSTED MARCH 03, 2026 4:52 PM |
West News Archives - Insurance Journal
SullivanCurtisMonroe Acquries Stepco Insurance Agency
SullivanCurtisMonroe has acquired Stepco Insurance Agency. The Stepco group will join SCM’s Pasadena team. Stepco was founded in 1962 as George Joseph & Associates, dba Mercury Insurance Agency. In 1983, CEO Steve Stepanian took over the agency from his brother-in-law, …
POSTED MARCH 04, 2026 6:00 AM |
Little Ceasars Franchise in California Settles for $409K Over Worker Pay
The operator of a pizza parlor in California must pay back wages following an investigation that showed the business did not pay the required minimum wage and overtime. The U.S. Department of Labor reached a settlement agreement with the operator …
POSTED MARCH 04, 2026 6:00 AM |
Family Members Arraigned in California Auto Insurance Fraud Scheme
A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple counts of …
POSTED MARCH 03, 2026 6:00 AM |
California Insurance Agent Fraud Found After Student Athlete Death
A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts, including …
POSTED MARCH 03, 2026 6:00 AM |
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
POSTED MARCH 02, 2026 2:31 PM |
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
Aspire Acquiring PolicyOne in California
Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …
POSTED MARCH 02, 2026 6:00 AM |
OSHA Penalizes Businesses Over 6 Deaths at Colorado Dairy
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety …
POSTED FEBRUARY 27, 2026 6:00 AM |
SPG Acquires Property Specialist Proper in Montana
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of …
POSTED FEBRUARY 27, 2026 6:00 AM |
Court Tosses Judgment Blaming Montana Asbestos Deaths on BNSF
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 …
POSTED FEBRUARY 27, 2026 6:00 AM |
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