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News Archives - Insurance Journal
Inszone Acquires Kansas’ Snell-Nelson Insurance Agency
Inszone Insurance Services announced that it has acquired Snell-Nelson Insurance Agency, Inc, an agency based in Ashland, Kansas, with additional operations throughout Kansas and Oklahoma. Established in 1985 by Monica Meininger, Snell-Nelson Insurance Agency has built a reputation with clients …
POSTED JULY 17, 2025 8:31 PM |
Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse
Nearly a quarter of cybersecurity bosses said their companies have experienced an attack powered by artificial intelligence in the past year, according to a new survey in which AI risk emerged as the defining challenge. The number of AI-enabled attacks …
POSTED JULY 17, 2025 6:30 PM |
Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme
A district judge this month sentenced sentenced Evette “Betty” Osuegbu, 62, of Granite City, Illinois to 15 years in federal prison for her role in a string of arsons and insurance fraud stretching from 2014 to 2023. Following a five-day …
POSTED JULY 17, 2025 3:56 PM |
Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility
Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short-period construction within the U.S., Canada and Australia. Price …
POSTED JULY 17, 2025 3:13 PM |
Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies
Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision. Mary “Missy” Cummings, an engineering professor at George Mason University, told jurors in Miami federal …
POSTED JULY 17, 2025 2:59 PM |
Patriot Growth Adds Florida-based Legacy Insurance to the Team
Patriot Growth Insurance Services, a national insurance brokerage and partnership platform, has announced another team member: Florida-based Legacy Insurance Solutions. Legacy is a family-founded insurance agency with offices in Tallahassee and Palm Beach Gardens. It was founded in 2011. Brand …
POSTED JULY 17, 2025 2:53 PM |
Allstate Expects Another $2B Catastrophe Losses in Q2
Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second quarter, and estimated the bill to be nearly $2 billion. In reporting monthly catastrophe losses, Allstate estimated $619 million from …
POSTED JULY 17, 2025 2:51 PM |
Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024
Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4%, compared with an increase of 6% in Q2 2024. …
POSTED JULY 17, 2025 2:39 PM |
A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions
OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousands …
POSTED JULY 17, 2025 2:23 PM |
Ryan Specialty Board Member Cameron Findlay Passes Away
Ryan Specialty announced the death of board member D. Cameron (“Cam”) Findlay, who unexpectedly passed away earlier this month at the age of 65. Findlay served on the Ryan Specialty Board, including its pre-IPO predecessor, since 2012, and was most …
POSTED JULY 17, 2025 2:06 PM |
West News Archives - Insurance Journal
FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska
The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to ensure safe …
POSTED JULY 17, 2025 1:51 PM |
Trucordia Acquires Vegas Valley Benefit Plans in Nevada
Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered in Lindon, …
POSTED JULY 17, 2025 5:00 AM |
People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah
The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and property/casualty insurance advisory firm. …
POSTED JULY 17, 2025 5:00 AM |
Venbrook Launches Habitational Product for California Condos, Townhomes
Venbrook Group has entered a strategic alliance with DB Insurance to bring a specialty coverage option for multi-unit residential properties in California. The product is tailored for condominium and townhome homeowners association policies. It is the first offering from the …
POSTED JULY 16, 2025 3:07 PM |
High Temperatures, Wildfire Smoke May Trigger Protections for Washington Workers
Worker safety regulators in Washington are warning businesses that temperatures and wildfire smoke are making for hazardous conditions for outdoor workers. The Washington State Department of Labor & Industries issued a notice to employers and workers about which weather conditions …
POSTED JULY 15, 2025 7:21 PM |
California Surplus Lines Take-Up Soars as Brokers Work to Find Coverage for Clients
The best way to tell that the California homeowners insurance market has been a bear is to see where buyers facing higher rates and lack of options in traditional markets are going for alternatives. One choice is the surplus lines …
POSTED JULY 15, 2025 5:37 PM |
California Insurance Commissioner OKs Higher Workers’ Pure Premium Filing
California Insurance Commissioner Ricardo Lara approved a higher September 1, 2025, pure workers’ compensation premium rate filing. The decision followed a filing by the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB submitted the filing to the California Department …
POSTED JULY 15, 2025 1:49 PM |
California Farmworker Who Fell From Greenhouse Roof During Chaotic ICE Raid Dies
A farmworker who fell from a greenhouse roof during a chaotic ICE raid this week at a California cannabis facility died Saturday of his injuries. Jaime Alanis, 57, is the first known person to die during one of the Trump …
POSTED JULY 15, 2025 1:36 PM |
Trucordia Acquires Fuhriman Insurance
Trucordia has announced its acquisition of the Fuhriman Insurance business. Based in Boise, Idaho, Fuhriman Insurance offers insurance solutions for auto, home, commercial, life, umbrella, renters, workers compensation, toys and pest control. The acquisition is part of Trucordia’s growth strategy, …
POSTED JULY 15, 2025 5:00 AM |
Wildfire Destroyed Historic Grand Canyon Lodge After Being Allowed to Burn
A wildfire raging along the Grand Canyon’s North Rim that leveled a historic lodge erupted over the weekend after burning for more than a week, raising scrutiny over the National Park Service’s decision not to aggressively attack the fire right …
POSTED JULY 14, 2025 2:58 PM |
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