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News Archives - Insurance Journal
WR Berkley CEO Shares Insights on AI Adoption During Q3 Call
W.R. Berkley Corp. Chairman, President and CEO W. Robert Berkley, Jr. chose the third quarter of 2026 to enlighten analysts on the insurer’s journey parallel to society’s breakneck adoption of technological advances and its effect on the economy. “My colleagues …
POSTED OCTOBER 21, 2026 5:13 AM |
EC-Council Acquires Cyber Insurance Academy, Expands AI Risk Education
Cybersecurity training and certification organization EC-Council has acquired Cyber Insurance Academy, the credentialing body for the cyber and AI insurance industries Financial terms of the transaction were not disclosed. Cyber Insurance Academy will continue operating under its existing brand and …
POSTED OCTOBER 21, 2026 5:11 AM |
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment
An Alabama insurance agent is in the clear after years of litigation that contended he had failed to secure professional liability coverage for a pharmacy that was sued over a compounded medication error. The reason: Alabama courts, more than some …
POSTED OCTOBER 21, 2026 5:02 AM |
California Mailing Company Owner Pays Nearly $2 Million Over Unpaid Wages, Closure
The owner of a West Sacramento printing and bulk mailing company is paying nearly $2 million following litigation over unpaid wages and failure to give employees advance notice before abruptly closing the business in 2016. The California Labor Commissioner’s Office …
POSTED OCTOBER 21, 2026 5:00 AM |
Report: Arizona Vehicle Thefts Fall 21%, But Fraud Schemes May Mask Losses
Reported vehicle thefts in Arizona fell 21% through the third quarter from the same period a year ago, but that good news was tempered by the finding that some schemes involving fraudulently obtained vehicles are going uncounted. According to data …
POSTED OCTOBER 21, 2026 5:00 AM |
New York Arrests 16 in Crackdown on Staged Insurance Crashes
New York state investigators arrested 16 people accused of staging car crashes and faking injuries to collect nearly $500,000 from insurers, one of the first major enforcement actions since Governor Kathy Hochul made auto insurance fraud a focus of her …
POSTED OCTOBER 21, 2026 5:00 AM |
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses
Third quarter 2026 net income at insurer Chubb was up 1.5% compared to the same period in 2025 to about $2.84 billion, with property/casualty underwriting income down 8.8% to about $2.06 billion. Pretax net catastrophe losses were $705 million compared …
POSTED OCTOBER 21, 2026 4:25 AM |
Home Insurance Tops Property Taxes in Squeeze for US Households
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of US counties, according to an analysis published by Bloomberg Intelligence. It points to the role of …
POSTED OCTOBER 20, 2026 4:33 PM |
French Riots Seen as Insurance Test Before New Regime Kicks In
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …
POSTED OCTOBER 20, 2026 3:51 PM |
AI Accelerates Cyber Threat Landscape, Poses New Risks for Insurers and Businesses
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
POSTED OCTOBER 20, 2026 3:50 PM |
West News Archives - Insurance Journal
California Mailing Company Owner Pays Nearly $2 Million Over Unpaid Wages, Closure
The owner of a West Sacramento printing and bulk mailing company is paying nearly $2 million following litigation over unpaid wages and failure to give employees advance notice before abruptly closing the business in 2016. The California Labor Commissioner’s Office …
POSTED OCTOBER 21, 2026 5:00 AM |
Report: Arizona Vehicle Thefts Fall 21%, But Fraud Schemes May Mask Losses
Reported vehicle thefts in Arizona fell 21% through the third quarter from the same period a year ago, but that good news was tempered by the finding that some schemes involving fraudulently obtained vehicles are going uncounted. According to data …
POSTED OCTOBER 21, 2026 5:00 AM |
Washington Commissioner Fines Insurers, Producers $495,200
Washington Insurance Commissioner Patty Kuderer’s office reported fines totaling $495,200 against insurance companies, agencies and producers for insurance law violations between April and August. The two largest fines were against USAA Casualty Insurance Co. and Allstate Vehicle and Property Insurance …
POSTED OCTOBER 20, 2026 5:00 AM |
California Adds Voluntary Review Before Insurers File Rate Applications
Insurers seeking personal and commercial lines rate changes in California can go through a voluntary review process that makes the California Department of Insurance’s initial rate analysis public before they formally file rate applications. California Insurance Commissioner Ricardo Lara on …
POSTED OCTOBER 19, 2026 6:30 PM |
‘Weather Whiplash’ Bringing Back Rain and Snow to California
A “weather whiplash” will continue taking Californians for a ride this week, as last week’s high temperatures and blustery winds give way to clouds, rain and snow in the mountains. An unusual October heat wave with triple-digit temperatures in some …
POSTED OCTOBER 19, 2026 2:36 PM |
California Hybrid Market Share Hits Record as EV Registrations Decline
Hybrid vehicles accounted for a record 22.8% of new vehicle registrations in California through the first nine months of the year, a new report shows. However, the Q3 2026 California Auto Outlook, published by Auto Outlook Inc. for the California …
POSTED OCTOBER 19, 2026 5:00 AM |
Compass Files Suit Over California Home Listing Service Rules
Compass Inc., the top U.S. broker for residential properties, sued California’s largest real estate listing service in the latest escalation of a broader legal fight over timely access to information about homes for sale. The federal court suit filed Friday …
POSTED OCTOBER 19, 2026 5:00 AM |
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
POSTED OCTOBER 16, 2026 3:36 PM |
Lemonade Launches Renters Insurance in Hawaii
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
POSTED OCTOBER 16, 2026 5:00 AM |
California Fire Danger Has Utilities Set for Broad Shutoffs
More than 345,000 homes and businesses across California are facing potential power cuts this week during what’s expected to be a days-long onslaught of dangerous fire weather conditions. With drying winds forecast to blow through much of the state through …
POSTED OCTOBER 15, 2026 5:00 AM |
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