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News Archives - Insurance Journal
Australia Banking Regulator Warns on Elevated Risks From Abroad
Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator. While the country is well-placed to absorb potential shocks, the resilience could be eroded if institutions …
POSTED NOVEMBER 20, 2025 11:15 AM |
Former New China Life Insurance Chair Gets Suspended Death Sentence for Corruption
The former chairman of New China Life Insurance, Li Quan, was sentenced to death with a two-year reprieve on corruption charges by a court in the Chinese province of Shandong, national broadcaster CCTV reported on Wednesday. Li’s case adds to …
POSTED NOVEMBER 20, 2025 10:48 AM |
Missouri to See Small Increase in Workers’ Comp Rates in 2026
The Missouri Department of Commerce and Insurance (DCI) announced that workers’ compensation rates will increase slightly for employers for 2026. The National Council on Compensation Insurance (NCCI) proposed a slight 1.3% increase for 2026 workers’ compensation loss costs, marking only …
POSTED NOVEMBER 20, 2025 9:00 AM |
People Moves: The McGowan Companies Appoints Pitonyak as VP of National Programs
The McGowan Companies, headquartered in Fairview Park, Ohio, appointed Lauren Pitonyak as vice president of national programs. Pitonyak has over 14 years of experience in the insurance industry. From 2011 to 2019, she served at Aon Affinity in Hatboro, Pennsylvania, …
POSTED NOVEMBER 20, 2025 8:00 AM |
Texas Hemp Regulation Proceeds Despite Federal Restriction
The Texas Alcoholic Beverage Commission moved forward on Tuesday with its efforts to regulate the sale of consumable hemp products as questions swirled around the future of the industry due to federal restrictions on the products approved by Congress last …
POSTED NOVEMBER 20, 2025 7:00 AM |
Louisiana Commissioner Approves Rate Decreases for About 12K Allstate Auto Policies
Approximately 12,000 Louisiana Allstate customers will soon see a decrease in their auto insurance premiums. Louisiana Insurance Commissioner Tim Temple announced last week he has approved rate decreases for two Allstate subsidiaries. Temple approved Allstate North American Insurance Company’s (ANAIC) …
POSTED NOVEMBER 20, 2025 7:00 AM |
Indiana Attorney General Sues Apartments Owners Over Alleged Uninhabitable Conditions
Indiana Attorney General Todd Rokita filed a civil lawsuit against the owners and property managers of Lake Castleton Apartments in Indianapolis, alleging that they have systematically failed to repair critical systems such as air conditioning and plumbing. Further, the landlords …
POSTED NOVEMBER 20, 2025 7:00 AM |
The Art of Negotiation: Benchmark, Bundle, Trade
“Everything is a negotiation,” says leadership expert John Burrows. Whether you’re working on a multimillion-dollar M&A deal, arguing for a better salary during a job offer, or simply trying to choose where to order takeout for your family dinner, “we’re …
POSTED NOVEMBER 20, 2025 6:39 AM |
People Moves: Marinello Named ReSource Pro Senior Director, Partnerships; United Risk Makes Additions to Leadership Team
Marinello named ReSource Pro Senior Director, Partnerships and Advisory ReSource Pro, headquartered in New York City, appointed Rob Marinello as senior director of partnerships and advisory. Marinello will spearhead the expansion and formalization of the company’s partnership program. Marinello has …
POSTED NOVEMBER 20, 2025 6:31 AM |
Trump Urges Congress to Block State-Level AI Regulation
President Donald Trump called on Congress to pass a federal standard governing oversight of artificial intelligence and warned that varied regulation at the state level risked slowing the development of an emerging technology that’s critical to the US economy. In …
POSTED NOVEMBER 20, 2025 6:08 AM |
West News Archives - Insurance Journal
Buffett Utility Reaches Oregon Wildfire Deal With Nearly 1,500 Victims
Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the …
POSTED NOVEMBER 20, 2025 6:00 AM |
CIG Says It Will Write More Policies in Fire-Impacted Paradise
Capital Insurance Group announced it will write more homeowners’ policies written in Paradise, California, helping residents impacted by the 2018 Camp Fire. CIG partnered with the Rebuild Paradise Foundation, which has helped guide residents through the rebuilding process, offering resources, …
POSTED NOVEMBER 20, 2025 6:00 AM |
Tesla Gets Permit to Run as Transportation Network Company in Arizona
Tesla has received a permit to operate as a transportation network company in Arizona, a state regulator said on, in a step toward expanding the electric vehicle maker’s robotaxi service. The TNC permit will allow Tesla to run an Uber-like …
POSTED NOVEMBER 20, 2025 6:00 AM |
Amazon’s Zoox Launches Robotaxi Rides in San Francisco
Amazon’s self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet’s Waymo said it will provide robotaxi rides in the same market. Zoox said it is inviting people to ride …
POSTED NOVEMBER 19, 2025 6:00 AM |
Digital MGA Honeycomb Insurance Expands to Colorado
Honeycomb Insurance has begun writing policies in Colorado. The digital managing general agency specializes in property/casualty coverage for landlords and condominium associations. The company’s underwriting platform evaluates properties individually using high-resolution imagery and technology. Honeycomb now operates across 20 states …
POSTED NOVEMBER 19, 2025 6:00 AM |
Business Groups Ask Supreme Court to Pause California Climate Reporting Laws
The U.S. Chamber of Commerce asked the Supreme Court to pause new California laws expected to require thousands of companies to report emissions and climate-risk information. The laws are the most sweeping of their kind in the nation, and a …
POSTED NOVEMBER 19, 2025 6:00 AM |
CVS Settles for $18.2M Over California False Claims Act Violations
CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …
POSTED NOVEMBER 18, 2025 2:42 PM |
Brockovich Group Sues Over LA Fire Alert Failure in 18 Deaths
A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for …
POSTED NOVEMBER 18, 2025 6:00 AM |
World Insurance Associates Acquires Reinig in Colorado
World Insurance Associates LLC acquired the business of Reinig Insurance Solutions in Lakewood, Colorado. Reinig Insurance Solutions specializes in providing property/casualty products and services to the health and fitness industry. World Insurance Associates is a headquartered in Iselin, New Jersey, …
POSTED NOVEMBER 17, 2025 6:11 PM |
Tesla Wins Bid to Undo Race Bias Class Action by Black Factory Workers
A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker. California …
POSTED NOVEMBER 17, 2025 4:29 PM |
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