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News Archives - Insurance Journal
Farmers Files to Expand Coverage And Raise Rates for California Small Businesses
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
POSTED AUGUST 03, 2026 5:28 PM |
Texas Hair Styling College Settles Discrimination Lawsuit
Dallas Barber and Stylist College, Inc., which operates multiple barber and hair styling locations and instructional campuses in the Dallas metropolitan area, will pay significant monetary damages and provide other relief to settle a pregnancy discrimination lawsuit filed by the …
POSTED AUGUST 03, 2026 4:53 PM |
Wildfires Fan Record Sales of Catastrophe Bonds to Backstop Risk
Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according …
POSTED AUGUST 03, 2026 4:31 PM |
Parasite Outbreak Tied to Two Deaths in Michigan, CDC Says
Two people have died in Michigan from the severe diarrhea-causing parasite that has sickened thousands across the US, according to the Centers for Disease Control and Prevention. Both had underlying health conditions, the agency said in a statement Monday. The …
POSTED AUGUST 03, 2026 4:27 PM |
FBI Investigates Cyberattacks on Water Systems in Michigan and Minnesota
Michigan on Saturday joined Minnesota in reporting cyberattacks on nine of the state’s water systems but an official said all systems were operating “safely.” Earlier this week, authorities said cyberattacks targeted over 30 water systems in Minnesota. The source of …
POSTED AUGUST 03, 2026 4:18 PM |
EEOC Moves to End Employer Reporting of Worker Race, Sex Data
The U.S. agency that enforces laws banning workplace discrimination moved to scrap a requirement that employers annually submit data on the race and sex of their workers, which since its adoption in the 1960s has been a cornerstone of civil …
POSTED AUGUST 03, 2026 3:53 PM |
Hackers Hit Bitcoin’s Safest Hiding Place in Ongoing Attack
Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based …
POSTED AUGUST 03, 2026 3:32 PM |
South Korea Fines Telecoms Firm KT Corp. $37.4 Million for Personal Data Leak: Panel
South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp. 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday [July 30]. Hackers stole more than 16,600 KT mobile service customers’ …
POSTED AUGUST 03, 2026 2:56 PM |
NHTSA Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks
The National Highway Traffic Safety Administration said on Aug. 3 that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto …
POSTED AUGUST 03, 2026 2:45 PM |
Troubled Alabama City Loses its Liability Insurance Coverage
An Alabama city, long plagued with budget shortfalls, charges of corruption and a dwindling tax base, has lost its liability insurance coverage amid an ongoing financial and leadership crisis. Local and state news sites reported that the Alabama Municipal Insurance …
POSTED AUGUST 03, 2026 2:10 PM |
West News Archives - Insurance Journal
Farmers Files to Expand Coverage And Raise Rates for California Small Businesses
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
POSTED AUGUST 03, 2026 5:28 PM |
Wildfires Destroy Hundreds of Structures in Washington State
Hundreds of structures have been destroyed and tens of thousands of people have been evacuated, as wildfires rip through eastern Washington state in what Spokane Mayor Lisa Brown called “the worst natural disaster our region has faced.” As of about …
POSTED AUGUST 03, 2026 1:17 PM |
US Proposes Deep Colorado River Water Cuts For Arizona, California, Nevada
The U.S. government proposed deep cuts to water supply for Arizona, California and Nevada during dry years in a new plan it released on Friday to operate the drought-stricken Colorado River. Lawsuits from states could challenge the federal intervention and …
POSTED AUGUST 03, 2026 5:00 AM |
Silicon Valley Enclave Most Expensive US ZIP as AI Wealth Surges
In the Silicon Valley enclave of Atherton, a six-bedroom, nine-bath mansion featuring a theater, a private rose garden and a spa hit the market earlier this year for nearly $32 million. It found a buyer within 72 hours, more than …
POSTED AUGUST 03, 2026 5:00 AM |
Edison Says Its Equipment Likely Associated With 2025 LA Fire
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
POSTED JULY 31, 2026 5:00 AM |
People Moves: UCA Names Balakrishnan Controller, Makes Lemon VP of Underwriting
UCA General Insurance Services Inc., promoted Vijayalakshmi Balakrishnan to vice president, controller. Balakrishnan joined UCA’s accounting team in 2022. In her new capacity, she leads the accounting department and joins the company’s management team. She previously served as an accountant …
POSTED JULY 31, 2026 5:00 AM |
Los Angeles’ Rare Humidity Tied to Pacific Heat, Climate Change
Los Angeles isn’t the first place people think of as sultry in summer. But an unusually warm Pacific Ocean is pushing humidity to uncommon levels in a region better known for dry heat. A marine heat wave stretching across the …
POSTED JULY 30, 2026 4:22 PM |
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …
POSTED JULY 30, 2026 5:16 AM |
Travelers Expands Product Liability Product to California Life Sciences
Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any …
POSTED JULY 30, 2026 5:00 AM |
Ventura County DA Gets $900,000 to Combat Workers’ Comp Fraud
The Ventura County District Attorney’s Office was awarded $898,840 from to investigate prosecute workers’ compensation fraud for the fiscal year. The grant, awarded through the California Department of Insurance, funds the DA’S Workers’ Compensation Fraud Unit. The unit includes prosecutors, …
POSTED JULY 29, 2026 2:57 PM |
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