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News Archives - Insurance Journal
Jury Awards 78-Year Old Victim $56 Million for Crash Caused by Amazon Delivery Driver
A Massachusetts jury has awarded $56 million to a 78-year old man who suffered catastrophic physical and brain injuries after his car was hit by an Amazon delivery van in 2024. In addition to the amount of the award, the …
POSTED JULY 27, 2026 12:48 PM |
France Finance Minister Warns of Economic Shock for Region Hit by Fires
French Finance Minister Roland Lescure said wildfires in the southwest are a major economic setback for the region as businesses and tourists were forced to evacuate. “Everyone is fully mobilized in response to the ecological and social disaster,” Lescure said …
POSTED JULY 27, 2026 12:23 PM |
French Fire Burns Near Bordeaux as Spain Fights Blazes
French and Spanish firefighters preparing to battle wildfires for a sixth consecutive day face worsening weather conditions as temperatures are forecast to rise further. With more than 300,000 people evacuated across the two countries through the weekend, a French official …
POSTED JULY 27, 2026 12:07 PM |
Viewpoint: Research Shows Australia Is Vulnerable to Attacks on Indian Ocean Shipping
The closure of the Strait of Hormuz in the US-Iran war has brought home how vital maritime trading routes are to a country like Australia, which conducts 99% of its global trade by sea. Protecting Australia’s supply of critical goods …
POSTED JULY 27, 2026 11:53 AM |
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers
For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea …
POSTED JULY 27, 2026 10:32 AM |
Trump’s New Tariffs Prompt Lawsuit From Small Businesses
The Trump administration is facing a fresh legal challenge to the president’s latest round of global tariffs that took effect Friday. Small businesses filed a pair of lawsuits in the US Court of International Trade accusing President Donald Trump and …
POSTED JULY 27, 2026 5:16 AM |
Abbott Defeats Shareholder Lawsuit Over 2022 Infant Formula Recall
A federal judge on July 24 dismissed a lawsuit accusing Abbott Laboratories of defrauding shareholders by downplaying and trying to evade its responsibility for a 2022 recall of powdered infant formula, and lying about its commitment to quality and product …
POSTED JULY 27, 2026 5:09 AM |
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks
Dozens of boats in a marina in Serbia’s northern city of Novi Sad floated in a green slurry — all that remained after the waters of the Danube receded by several hundred meters, while barges were moored in the deeper …
POSTED JULY 27, 2026 5:05 AM |
Saudi Arabia-Bound Supertanker U-Turns Before Houthi Chokepoint
A Hong Kong-flagged supertanker bound for Saudi Arabia’s Red Sea port of Yanbu has U-turned just before reaching the Bab el-Mandeb chokepoint, where recent attacks were launched by the Houthis as part of a blockade on ships linked to the …
POSTED JULY 27, 2026 5:05 AM |
Hispanic Neighborhoods in Florida Pay Much Higher Premiums, Consumer Group Says
Florida’s top insurance regulator and some insurance producers, including the former president of the Latin American Association of Insurance Agents, are questioning a report that suggests policyholders in Hispanic neighborhoods in the state pay much higher premiums. “While we acknowledge …
POSTED JULY 27, 2026 5:02 AM |
West News Archives - Insurance Journal
Why Wildfires Pose Multiple Threats to US West Power Sector: Maguire
For years, wildfire season was largely viewed as a threat to homes, forests and utility infrastructure in the American West. But as smoke from fires blankets large swaths of the country, it is becoming something else too: a power-sector challenge. …
POSTED JULY 27, 2026 5:00 AM |
People Moves: Lara Appoints California Statewide Advisory Board Members
California Insurance Commissioner Ricardo Lara made several appointments and reappointments to the California Department of Insurance’s statewide governing boards. These include naming newly appointed members Andrea Hecht and Jim Taylor to the California Insurance Guarantee Association (CIGA) Board of Governors …
POSTED JULY 27, 2026 5:00 AM |
WCIRB: California Comp Premium Leveled off, But CT Claims Frequency Rose
California workers’ compensation premium growth leveled off as rates stabilize, but rising cumulative trauma claims continue to drive claim frequency higher, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its 2026 State of the System …
POSTED JULY 24, 2026 5:00 AM |
PG&E’s Data Center Pipeline Surges in Second Quarter
PG&E Corp. reported a 7.6-gigawatt increase in its data center pipeline during the second quarter as the artificial intelligence build-out gains momentum. The California utility’s pipeline of proposed data center projects totaled 12.7 gigawatts at the end of June, up …
POSTED JULY 24, 2026 5:00 AM |
Coverwatch in California Raises $4.5M for Its AI-Native Service
Coverwatch has raised a $4.5 million pre-seed round to help accelerate product development and expand the team at the San Francisco-based firm. The round was led by CoFound and Restive with participation from KFund, liquid2 ventures and others. Coverwatch is …
POSTED JULY 23, 2026 1:10 PM |
People Moves: UCA Promotes Eusebio to VP of Operations
UCA General Insurance Services, Inc. promoted Laurie Eusebio to vice president of operations. The new role will include a range of responsibilities involving all departments in the firm. Eusebio started with UCA in 2006 as a marketing assistant. Since then, …
POSTED JULY 23, 2026 5:00 AM |
Luxury Homes Are Raising Risks for California FAIR Plan
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
POSTED JULY 22, 2026 1:19 PM |
Hybrids Boom as EVs Fall Out of Favor Even in California
In America’s EV stronghold, another type of vehicle is rapidly gaining ground. Hybrids accounted for almost one in every four automobiles registered in California in the second quarter, according to newly released data from the California New Car Dealers Association. …
POSTED JULY 22, 2026 5:00 AM |
Report: Arizona Vehicle Thefts Continued to Decline in First Half of Year
Arizona vehicle thefts continued to fall in the first half of 2026, down 24% in year-to-year thefts compared with the first half of 2025, the Arizona Automobile Theft Authority reported. AATA reported that for the first six months of 2026, …
POSTED JULY 22, 2026 5:00 AM |
People Moves: Mutual of Enumclaw Appoints Roddy as CFO; Vouch Expands Its Leadership Team
Mutual of Enumclaw Insurance Holding Company Appoints Roddy as CFO Mutual of Enumclaw (MOE), headquartered in Enumclaw, Washington, appointed Scott Roddy as chief financial officer (CFO) of the Mutual of Enumclaw Insurance Holding Company. Roddy brings more than 20 years …
POSTED JULY 21, 2026 5:00 AM |
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