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News Archives - Insurance Journal
Some Insurers Incorrect on Fortified Roofs Endorsements, Kentucky Commissioner Says
The Kentucky insurance commissioner is reminding property insurers they have just three weeks to resubmit homeowner policy endorsements that comply with state law on coverage for Fortified roofs. “Upon review, several FORTIFIED endorsement filings have been found to contain language …
POSTED OCTOBER 05, 2026 4:03 PM |
Update: Cornell University Rape Allegations, Investigations and Civil Suit
An intense, public outcry over a woman’s account of being gang-raped at a Cornell University fraternity house prompted New York’s governor this week to angrily yank control of the investigation away from the local prosecutor who didn’t initially see what …
POSTED OCTOBER 05, 2026 3:53 PM |
Clear Group Acquires UK Specialist Broker Commercial Risks
Clear Group, the London-based independent insurance intermediary, has acquired specialist broker Commercial Risks (UK) Ltd. and its managing general agency, Troon Underwriting. Financial details of the deal were not disclosed. Founded in 2002 and led by James Osman, Commercial Risks …
POSTED OCTOBER 05, 2026 3:11 PM |
Large Commercial Property Rates Drop 14.5% in Q2 to Highlight Latest Willis Report
Commercial property rates continues to soften, according to a new report from Willis, a WTW business. Large and complex property rates with WTW’s portfolio dropped 14.5% in the second quarter 2026, according to the fall 2026 edition of its Insurance …
POSTED OCTOBER 05, 2026 2:40 PM |
Novatae Acquires Trucking MGA Specialized Program Solutions
Novatae Risk Group, the wholesale division of World Insurance Associates, announced it acquired Specialized Program Solutions (SPS), a managing general agency (MGA) in Chester, New Jersey. Founded in 2022, SPS specializes in underwriting, marketing and program administration for long-haul trucking …
POSTED OCTOBER 05, 2026 2:23 PM |
People Moves: Marsh Agency Names Neary CEO of New East Region
Marsh Names Neary CEO of Newly Combined East Region Marsh appointed Andrew Neary as chief executive officer (CEO) of Marsh Agency’s newly combined East region. Neary will be based in Conshohocken, Pennsylvania, and will continue to report to Matt Stadler, …
POSTED OCTOBER 05, 2026 2:22 PM |
UAE Probe Labels FlyDubai Cockpit Axe Attack a Terrorist Act
A United Arab Emirates investigation of the near-catastrophic FlyDubai flight said the co-pilot attempted “to carry out a terrorist act” as more details emerged about what happened in the cockpit. The co-pilot used a crash ax in the attack on …
POSTED OCTOBER 05, 2026 2:21 PM |
Volkswagen Recalls 4 Million Cars, Handelsblatt Reports
German auto group Volkswagen will recall around 4 million vehicles across four brands in the biggest such action since the Dieselgate scandal, the Handelsblatt newspaper reported on Friday [Sept. 25]. Some 2.16 million VW models and 700,000 Audi models are …
POSTED OCTOBER 05, 2026 2:06 PM |
Miami Project Sells $1.7 Billion of Condos Before It’s Built
While condo sales across Miami have broadly slumped in recent years, one sector of the market is booming — ultra-luxury sales in apartments that haven’t even been built yet. The Residences at Mandarin Oriental Miami on Brickell Key, a manmade …
POSTED OCTOBER 05, 2026 1:57 PM |
South Korea Orders Security Checks After Finance-Sector Data Leaks
South Korean regulators urged financial institutions to promptly complete internal security inspections and report the results to authorities after a series of cyberattacks led to personal data breaches across the industry. “The entire financial sector should carry out swift and …
POSTED OCTOBER 05, 2026 1:53 PM |
West News Archives - Insurance Journal
PG&E Files 10-Year Plan to Underground 5,000 Miles of Power Lines in California
PG&E filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, to improve grid safety and reliability in high-wildfire-risk areas across northern and central California. Separately, PG&E Corp. said in early September that it plans to …
POSTED OCTOBER 05, 2026 5:00 AM |
Justice Department Finds Racial Discrimination in UCLA Law Admissions
A U.S. Department of Justice investigation found UCLA School of Law discriminated against white and Asian applicants in admissions for its 2023, 2024 and 2025 incoming classes. The department’s Civil Rights Division said the admissions practices violated Title VI of …
POSTED OCTOBER 05, 2026 5:00 AM |
Mutual of Enumclaw in Pacific Northwest Unveils New Brand
Mutual of Enumclaw launched a new brand designed to strengthen the company’s market position and support long-term growth. The company said the new brand builds on Mutual of Enumclaw’s 128-year history while more defining it as a strong, modern regional …
POSTED OCTOBER 05, 2026 5:00 AM |
California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
POSTED OCTOBER 02, 2026 12:19 PM |
Ohio Mutual Completes Merger of Idaho-Based Gem State
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
POSTED OCTOBER 02, 2026 8:00 AM |
Southern California Utilities Prep Shutoffs as Fire Risk Surges
Thousands of homes and businesses in Southern California have been warned of the potential for power cuts in the coming days as a heat wave boosts wildfire risk throughout the region. With triple-digit temperatures expected this weekend, Edison International’s Southern …
POSTED OCTOBER 02, 2026 5:00 AM |
Lyft to Pay $272.5 Million to Settle California Driver Misclassification Claims
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go directly to drivers. More than 1,600 drivers who filed wage claims through LCO’s …
POSTED OCTOBER 02, 2026 5:00 AM |
Study: Residents Near Maui Wildfires Show Elevated Metals Linked to Lung Health Impacts
Metal mixtures found in the leftover smoke, ash and debris from the deadly 2023 Maui wildfires were harmful to the lung health of people living nearby long after the burning ended, a new study says. The work shows that major …
POSTED OCTOBER 02, 2026 5:00 AM |
Sea Level Rise Is Reshaping A California Beach Town, Threatening A Key Rail Line
For years, residents of this Southern California beach town could walk a mile along a stretch of cream-colored sand and dip their toes in the waves lapping ashore. That trip has been cut short. Coastal erosion has been eating away …
POSTED OCTOBER 01, 2026 5:00 AM |
Outmarket in California AI Raises $34.5M Series B
San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …
POSTED OCTOBER 01, 2026 5:00 AM |
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