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News Archives - Insurance Journal
Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged
Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait of Hormuz between Iran …
POSTED MARCH 03, 2026 10:30 AM |
Drone Strikes Damage Amazon Data Centers in the UAE and Bahrain
Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centers in the Middle East in recent days. Amazon Web Services Inc. said for the first time that drones …
POSTED MARCH 03, 2026 7:23 AM |
Iran War Poses New Risk to US Economic Resilience
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with the stated goal of …
POSTED MARCH 03, 2026 6:14 AM |
Senators Sound Alarm After New Data Shows Fewer OSHA Inspections, Fines
A group of U.S. senators issued a letter to Labor Secretary Chavez-DeRemer and Assistant Secretary of Labor for Occupational Safety and Health David Keeling, outlining their concerns about new data showing a significant drop in workplace safety investigations and fines. …
POSTED MARCH 03, 2026 6:12 AM |
Viewpoint: Einstein on Entropy and Builders Risk
Were he alive today, Albert Einstein would make for a fantastic expert witness in builders risk coverage litigation. Einstein’s testimony on the concept of entropy would be particularly insightful—assuming his hourly rate was affordable, of course.[1] In recent years, we’ve …
POSTED MARCH 03, 2026 6:09 AM |
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed
The Interstate 4 construction project in Orlando may have been one of the most accident-plagued sites in Florida history, leading to the deaths of five workers and significant injuries for others, along with damage to vehicles. But one of those …
POSTED MARCH 03, 2026 6:01 AM |
NYC to Install Red Light Cameras at 600 Intersections by Year End
Last month, New York City announced it would begin activating red light cameras at 50 new intersections each week for the next five weeks, reaching 600 intersections by the end of 2026. The New York City Department of Transportation (NYC …
POSTED MARCH 03, 2026 6:00 AM |
Family Members Arraigned in California Auto Insurance Fraud Scheme
A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple counts of …
POSTED MARCH 03, 2026 6:00 AM |
California Insurance Agent Fraud Found After Student Athlete Death
A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts, including …
POSTED MARCH 03, 2026 6:00 AM |
King Risk Partners Continues New York Expansion With Acquisition of PRL Associates
Florida-based King Risk Partners is continuing its expansion in the Northeast through the acquisition of PRL Associates, an insurance agency based in Endicott, New York. For more than 15 years, PRL Associates has provided personal and commercial insurance. John Lavo …
POSTED MARCH 03, 2026 6:00 AM |
West News Archives - Insurance Journal
Family Members Arraigned in California Auto Insurance Fraud Scheme
A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple counts of …
POSTED MARCH 03, 2026 6:00 AM |
California Insurance Agent Fraud Found After Student Athlete Death
A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts, including …
POSTED MARCH 03, 2026 6:00 AM |
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent
NASCAR racing star Kyle Busch and his wife have settled an $8.5 million lawsuit they brought against Pacific Life Insurance and an insurance agent that alleged the insurer and agent misled the couple and caused them to lose millions of …
POSTED MARCH 02, 2026 2:46 PM |
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
POSTED MARCH 02, 2026 2:31 PM |
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
Aspire Acquiring PolicyOne in California
Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …
POSTED MARCH 02, 2026 6:00 AM |
OSHA Penalizes Businesses Over 6 Deaths at Colorado Dairy
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety …
POSTED FEBRUARY 27, 2026 6:00 AM |
SPG Acquires Property Specialist Proper in Montana
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of …
POSTED FEBRUARY 27, 2026 6:00 AM |
Court Tosses Judgment Blaming Montana Asbestos Deaths on BNSF
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 …
POSTED FEBRUARY 27, 2026 6:00 AM |
San Diego Approves $6M Settlement With Insurers for Flood Damage
The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods. The city council granted final approval Tuesday to the settlement, part of a longer …
POSTED FEBRUARY 26, 2026 6:00 AM |
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