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News Archives - Insurance Journal
Court Agrees Massachusetts Auto Insurance Bars Duplicate Medical Payments
An auto insurer in Massachusetts can withhold medical payments (MedPay) benefits to insureds whose medical expenses have been paid by their primary health insurer. The Massachusetts Appeals Court has upheld Commerce Insurance Co.’s denial of MedPay benefits in accordance with …
POSTED SEPTEMBER 15, 2026 12:23 PM |
People Moves: Ames & Gough Appoints 2 in DC
Ames & Gough Appoint Pryde and Walunas as AVPs In Washington, DC Office Ames & Gough appointed Keith Pryde and Tina Walunas as assistant vice presidents in the firm’s Washington, D.C. office. Pryde, an account executive in the law firm …
POSTED SEPTEMBER 15, 2026 11:00 AM |
Business Moves: Miller Launches Miller Malaysia, Building Regional Footprint; MNK Group Buys Danish Insurer ETU Forsikring
Miller, the London-based independent specialist re/insurance broker, announced its continued expansion in Asia with the launch of Miller Malaysia. Building on its established presence across the region, Miller Malaysia’s initial offering under its Labuan license will focus on treaty and …
POSTED SEPTEMBER 15, 2026 10:40 AM |
Carney Calls for Global Tech Body to Boost AI Guardrails
Canada wants to see the creation of a global “technology stability” body to help oversee artificial intelligence and ensure it is safe, Prime Minister Mark Carney said. “There’s a need for coordination,” Carney said in an interview with Bloomberg News …
POSTED SEPTEMBER 15, 2026 9:35 AM |
Canadian Insurer Sagen Plans to Raise Around C$300 Million
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter. The debt will likely mature in seven years, the …
POSTED SEPTEMBER 15, 2026 8:15 AM |
British Hedge Fund Founder Odey Loses Appeal Against Industry Ban
Former hedge fund manager Crispin Odey lost his appeal on Monday against an industry ban for hampering an internal disciplinary investigation into sexual harassment allegations, although a fine imposed on him by Britain’s financial watchdog was reduced. A spokesperson for …
POSTED SEPTEMBER 15, 2026 8:07 AM |
People Moves: Ascot Aligns US Business for Next Phase of Growth
Ascot announced a series of changes to its U.S. operating and distribution model, including a new U.S. regional executive leadership team, an expanded North America distribution role and the consolidation of seven U.S. business segments into five product verticals. These …
POSTED SEPTEMBER 15, 2026 6:19 AM |
Trump Dismisses AI Safety Alarm, Says US Already Has Tools to Police Industry
President Donald Trump said on Sept. 14 that the U.S. already has guardrails in place to regulate and prosecute AI companies, appearing to play down concerns expressed by industry leaders over the weekend about misuse of artificial intelligence. “The only …
POSTED SEPTEMBER 15, 2026 5:27 AM |
US Data Centers Set to Burn More Natural Gas Than Most Nations
Data centers in the United States will consume more natural gas than most countries within a decade, according to a new outlook from BloombergNEF. Gas consumption to produce electricity for data centers is expected to grow by 15 billion cubic …
POSTED SEPTEMBER 15, 2026 5:10 AM |
EPA Poised to Repeal Carbon Rules for Coal, Gas Power Plants
The US Environmental Protection Agency is expected to formally rescind carbon pollution standards for fossil fuel-fired power plants as soon as Monday, according to people familiar with the matter. The Trump administration’s latest major climate rollback is expected to come …
POSTED SEPTEMBER 15, 2026 5:09 AM |
West News Archives - Insurance Journal
Drug Maker Paying $32M to Resolve Kickbacks Law Violations in California
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
POSTED SEPTEMBER 15, 2026 5:00 AM |
People Moves: Richardson Named California DWC Administrative Director
The California Department of Industrial Relations swore in Nicole Richardson as administrative director of the Division of Workers’ Compensation on Sept. 1, following her appointment by Gov. Gavin Newsom. Richardson previously served as DWC’s acting administrative director and chief counsel. …
POSTED SEPTEMBER 15, 2026 5:00 AM |
Bamboo Insurance Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Arizona Accuses L’Oreal of Concealing Cancer Risks Linked to Hair Relaxers
Arizona has sued L’Oreal SA and its U.S. subsidiary, alleging the cosmetics company hid evidence that its hair relaxer products could cause cancer in women, as it faces thousands of similar lawsuits from users and their families. Arizona Attorney General …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Northern California Braces for Power Shutoffs Amid Fire Risk
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
POSTED SEPTEMBER 11, 2026 1:21 PM |
People Moves: Burns & Wilcox Adds New West Coast Associate Managing Directors
Burns & Wilcox, headquartered in Famington Hills, Michigan, hired Winston Rendall and Sandra Shambaugh as associate managing directors for the West region. Rendall comes to Burns & Wilcox with 10 years of experience. Most recently, he was vice president of …
POSTED SEPTEMBER 11, 2026 5:00 AM |
Oregon Proposes 2.1% Increase in Pure Premium Workers’ Comp Rates for 2027
Oregon employers will pay 92 cents per $100 of payroll for workers’ compensation coverage on average in 2027, a rate that would be the second lowest on record. A proposal from the Oregon Department of Consumer and Business Services calls …
POSTED SEPTEMBER 10, 2026 3:05 PM |
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
For the first time in three years, capacity is returning to the California homeowners insurance market. The clearest evidence is in the residual market. In the second quarter, the California FAIR Plan added roughly 12,000 residential policies, the fifth consecutive …
POSTED SEPTEMBER 10, 2026 5:00 AM |
Intense Los Angeles Heat to Send State’s Power Demand Soaring
California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through …
POSTED SEPTEMBER 09, 2026 5:00 AM |
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