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News Archives - Insurance Journal
Denver Runway Fatality Reveals A Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
POSTED MAY 18, 2026 1:25 PM |
US Sees 27% Increase in Product Recalls in Q1, Report Shows
U.S. product recall activity remained elevated in the first quarter 2026, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the …
POSTED MAY 18, 2026 1:14 PM |
PG&E Cuts Power to Some Customers in California on Fire Risk
PG&E Corp. cut power to some customers in California due to dry and windy conditions that have elevated the risk of wildfires. There were 779 outages impacting nearly 57,500 customers as of 9:22 p.m. local time on Sunday, the utility …
POSTED MAY 18, 2026 1:04 PM |
Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait
Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs. Dubbed Hormuz Safe, the Iranian …
POSTED MAY 18, 2026 12:52 PM |
Justice Department Accuses Yale Medical School of Illegally Using Race in Admissions
The Justice Department last Thursday accused Yale University of illegally considering race in admissions to its medical school — the second institution to face discrimination allegations by the federal agency this month. In a letter to a lawyer for Yale, …
POSTED MAY 18, 2026 12:09 PM |
New Virginia Ban on ‘Assault Firearms’ Prompts Lawsuits From Gun-Rights Groups
Virginia Gov. Abigail Spanberger has signed legislation banning the sale and manufacture of certain semi-automatic firearms, prompting immediate lawsuits from gun-rights groups. The limits on ” assault firearms,” as they are described by the legislation, are among two dozen new …
POSTED MAY 18, 2026 12:00 PM |
Ebola’s Silent Spread in Congo Exposes Surveillance Gaps
A rare Ebola outbreak that may have circulated undetected in northeastern Congo for several weeks is exposing the difficulty of detecting deadly viruses in regions where malaria, typhoid and other fever-causing illnesses are common and health systems are stretched thin. …
POSTED MAY 18, 2026 11:38 AM |
Iran War Saddles Global Companies With $25 Billion Bill – and Counting
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion – and the bill is climbing, according to a Reuters analysis. A review of corporate statements since the start of the conflict by companies …
POSTED MAY 18, 2026 10:35 AM |
EY Pays Over £100 Million to Settle NMC Health Legal Claim
EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims it was negligent in its audits of the failed firm, according to people familiar with the matter. NMC sued EY …
POSTED MAY 18, 2026 9:50 AM |
Evergrande Liquidators Seek $8.4 Billion From PwC International in Hong Kong Court
China Evergrande’s liquidators are seeking 57 billion yuan ($8.4 billion) in their lawsuit against PricewaterhouseCoopers International Ltd. and its mainland China and Hong Kong affiliates, among the largest corporate claims ever sought in the city. Of the total amount, liquidators …
POSTED MAY 18, 2026 9:35 AM |
West News Archives - Insurance Journal
Denver Runway Fatality Reveals A Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
POSTED MAY 18, 2026 1:25 PM |
PG&E Cuts Power to Some Customers in California on Fire Risk
PG&E Corp. cut power to some customers in California due to dry and windy conditions that have elevated the risk of wildfires. There were 779 outages impacting nearly 57,500 customers as of 9:22 p.m. local time on Sunday, the utility …
POSTED MAY 18, 2026 1:04 PM |
Study: California Workers’ Comp Claim Costs Continue to Rise
California’s workers’ compensation system continues to experience moderate but persistent cost growth due to wage increases, labor market conditions, rising medical expenses and system complexity. Payments per claim in California’s workers’ comp system have risen steadily since 2021, according to …
POSTED MAY 18, 2026 5:00 AM |
Lake Tahoe Power Crunch Shows AI’s Growing Energy Toll in West
Lake Tahoe has long been a refuge for Silicon Valley’s tech elite, from Mark Zuckerberg to Larry Ellison. Now the artificial intelligence boom behind much of that wealth is straining the region’s power market, pushing up costs for residents in …
POSTED MAY 15, 2026 1:27 PM |
$1.3 Billion in Medicaid Money to California Deferred Over Suspicions of Fraud
Vice President JD Vance this week announced new steps in the Trump administration’s initiative to root out fraud in federal health programs, including a $1.3 billion deferral in Medicaid funding to California. “How long are people going to pay into …
POSTED MAY 15, 2026 5:00 AM |
Newsom’s California Budget Bolstered by Extra Cash from AI Boom
California Gov. Gavin Newsom unveiled a revised budget that shows no deficit for this year and next, as the state draws another boost from the technology and artificial-intelligence boom. The budget proposal released Thursday shows revenues that are $16.5 billion …
POSTED MAY 14, 2026 6:00 PM |
People Moves: Premier Group Insurance Announces Leadership Transition
As Premier Group Insurance (PGI) surpasses the $1 billion written premium milestone, the organization is making a clear and deliberate statement about its future. Alongside this achievement, Denver, Colorado-based PGI is unveiling a two-year leadership transition plan designed to position …
POSTED MAY 14, 2026 4:51 PM |
Denver Airport Security Missed Trespasser Killed By Plane on Runway
Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said …
POSTED MAY 14, 2026 1:31 PM |
California Attorney General Looking into FIFA World Cup Ticketing Practices
California Attorney General Rob Bonta is looking into what he says are reports of misleading ticketing practices for the 2026 FIFA World Cup that are potential violations of California law. Bonta sent a letter to FIFA raising concerns about ticketing …
POSTED MAY 14, 2026 1:14 PM |
LP Acquires Benefits Consulting Practice of Van Noy Consulting Group in Nevada
LP Insurance Services acquired the employee benefits consulting practice of Van Noy Consulting Group in Nevada. The deal includes the addition of Terry Van Noy as an employee benefits consultant. Van Noy has more than five decades of leadership and …
POSTED MAY 14, 2026 5:00 AM |
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