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News Archives - Insurance Journal
Michigan Houses are Getting Older, Creating Problems For the State
When the typical Michigan home was built, Richard Nixon was president, US forces were withdrawing from Vietnam and “The Exorcist” would become the year’s highest-grossing film. While pop culture has changed dramatically since 1973, much of the state’s housing stock …
POSTED AUGUST 31, 2026 7:00 AM |
How a $1 Texas Insurance Fee Funded Thousands of Flock Cameras
In 2023, the Texas Legislature unanimously passed a law raising auto insurance costs for Texans by $1 to combat rampant catalytic converter theft. Three years later, a little-known state agency has devoted at least $30 million of that fee toward …
POSTED AUGUST 31, 2026 7:00 AM |
As AI Agents Go Rogue, Cyber Insurers Are Adapting Their Policies
Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic and Meta …
POSTED AUGUST 31, 2026 5:21 AM |
Major Tech Companies Call for Defensive Surge to Defeat AI-Driven Hacks
Major tech companies including OpenAI, Anthropic, Microsoft, Alphabet and Amazon are calling for a society-wide defensive surge to defeat what they describe as an impending wave of hacks driven by artificial intelligence. In a joint letter issued Thursday, the companies …
POSTED AUGUST 31, 2026 5:09 AM |
Sydney Developer in Distress Sounds Alarm for Private Credit
The downfall of an Australian property developer that borrowed heavily from non-bank lenders is stoking fears that cracks are starting to emerge in the nation’s A$200 billion ($144 billion) private credit market. Bathla Group, a major property developer in Sydney, …
POSTED AUGUST 31, 2026 5:05 AM |
Florida Grand Jury Finds DeSantis Admin Misused $10M; Yaworsky Signed Off on it
A Florida grand jury found that Republican Gov. Ron DeSantis’ administration “misappropriated” $10 million in taxpayer money it diverted to a charity connected to his wife, but the grand jury declined to file criminal charges due to a lack of …
POSTED AUGUST 31, 2026 5:03 AM |
County Approves New $2.3B Stadium Project for Tampa Bay Rays
The Tampa Bay Rays won county approval Friday on a financing plan that will allow them to build a new stadium, a day after city officials approved their part for the $2.3 billion ballpark project that will replace the domed …
POSTED AUGUST 31, 2026 5:02 AM |
Oregon Regulators Extend Wildfire Emergency Orders to Pause Insurance Cancellations
The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
POSTED AUGUST 31, 2026 5:00 AM |
Judge to Hear Recantation of Sexual Abuse Claim Against Ex-Penn State Coach Sandusky
A judge has granted a hearing to explore claims that a man wants to recant allegations of sexual abuse years ago by Penn State assistant football coach Jerry Sandusky. Sandusky, 82, has been serving a decades-long prison sentence since he …
POSTED AUGUST 31, 2026 5:00 AM |
Aon Close to Acquiring USI Insurance From KKR in $17 Billion Deal, WSJ Reports
Aon Plc is close to an agreement to acquire insurance brokerage USI Insurance Services from private equity firm KKR for about $17 billion, including debt, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The deal …
POSTED AUGUST 31, 2026 4:05 AM |
West News Archives - Insurance Journal
Oregon Regulators Extend Wildfire Emergency Orders to Pause Insurance Cancellations
The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
POSTED AUGUST 31, 2026 5:00 AM |
LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
More than a year after wildfires devastated Pacific Palisades, a nonprofit is advancing a plan to tap the public debt market to create housing in the slow-to-recover Los Angeles wealthy enclave. Uplifters Foundation plans to build new $3 million houses …
POSTED AUGUST 28, 2026 5:00 AM |
Mercury Insurance Founder Joseph Dies at Age 104
George Joseph, who founded Mercury General Corp. nearly 65 years ago, has died at age 104, the company announced this week. Joseph served as chairman from the company’s founding and led Mercury as CEO for 45 years, ending his time …
POSTED AUGUST 27, 2026 5:14 PM |
Hawaii Insurance Division Issues Memo to Insurers for Lala Claims
The Hawaii Insurance Division issued a memo to insurers this week stating it expects them to handle claims from Tropical Storm and Hurricane Lala “promptly, fairly,” and in accordance with state law insurance contracts. The memo on Wednesday from Insurance …
POSTED AUGUST 27, 2026 1:44 PM |
Western Wildland Firefighters Warned About Supplement for Smoke Exposure
Fire and medical officials have issued warnings about a supplement offered to Western wildland firefighters who have been exposed to toxic chemicals while battling some of the country’s biggest blazes. The supplement glutathione, given through an IV or an inhaler-like …
POSTED AUGUST 27, 2026 5:00 AM |
People Moves: Ellis Joins Alliant Denver Employee Benefits Team
Alliant Insurance Services added Rebecca Ellis as assistant vice president within its employee benefits group in the Rocky Mountain region. Ellis will partner with employers throughout the Western region to develop strategic employee benefits and total rewards programs. Ellis’ background …
POSTED AUGUST 27, 2026 5:00 AM |
Plane Crashed on Second Attempt to Land in Heavy Fog in Alaska, Killing 8, Officials Say
A plane that crashed at a remote military site in western Alaska, killing all eight people on board, had been making its second runway approach in heavy fog when it lost contact, authorities said. The Cessna’s two pilots could not …
POSTED AUGUST 26, 2026 1:42 PM |
Agents Alliance Opposes California FAIR Plan Commission Reductions
The American Agents Alliance is coming out against commission reductions announced by the California FAIR Plan that will lower compensation for independent insurance brokers. The FAIR Plan is reducing commissions from 10% to 7% on affected new business beginning October …
POSTED AUGUST 26, 2026 5:00 AM |
California Lawmakers to Oppose Limits on Insurance Fire Claims
California lawmakers are lining up against Gov. Gavin Newsom’s push to rewrite how the state assigns financial responsibility for wildfires sparked by equipment owned by publicly traded utilities. A plan backed by Democrats in the state Senate wouldn’t limit insurers …
POSTED AUGUST 26, 2026 5:00 AM |
Firefighters Make Gains on Nevada Wildfire That’s Destroyed 30 Homes
Crews have started to contain a wildfire in the Sierra Nevada foothills near Reno, Nevada, that destroyed more than 30 homes as it spread perilously close to dense neighborhoods, officials said Monday. Containment reached 27% and there was no new …
POSTED AUGUST 25, 2026 1:43 PM |
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