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News Archives - Insurance Journal
AI, Litigation Funding and Market Currents: What CM Readers Cared About in 2025
As 2025 unfolded, Carrier Management readers gravitated toward features that explored the intersection of technology, economics, and strategy. From artificial intelligence transforming underwriting to litigation funding reshaping claims costs, and regulatory shifts redefining market dynamics, here are the 10 most-viewed …
POSTED DECEMBER 31, 2025 6:34 AM |
Fight Over Trump’s $100,000 H-1B Visa Fee Moves to Appeals Court
The US Chamber of Commerce is appealing a federal court’s refusal to block the Trump administration’s $100,000 fee on applications for H-1B visas that are heavily relied on by American technology companies for hiring skilled foreign workers. The national business …
POSTED DECEMBER 31, 2025 6:24 AM |
[Video] Wildfires, Lawsuits, AI, and M&A: A Look Back at Insurance in 2025
Insurance Journal recaps the biggest stories of 2025—across all of our regions—from record-breaking wildfires and climate losses to broker mega-deals, litigation reform, cyber threats, AI-driven layoffs, and signs of recovery in key insurance markets heading into 2026. Watch this end-of-year …
POSTED DECEMBER 31, 2025 6:23 AM |
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year
Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging …
POSTED DECEMBER 31, 2025 6:02 AM |
Alabama DOI Expands Policy Cancellation, Nonrenewal Prohibitions
Property insurers in Alabama will no longer be able to cancel or non-renew policies because of natural disasters or because of losses that don’t affect that line of business, the Alabama Department of Insurance announced in a recent bulletin. Personal …
POSTED DECEMBER 31, 2025 6:02 AM |
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the highest …
POSTED DECEMBER 31, 2025 6:00 AM |
Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast
Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …
POSTED DECEMBER 31, 2025 6:00 AM |
Virginia Offshore Wind Developer Sues Over Trump Order Halting Projects
NORFOLK, Va—The developers of a Virginia offshore wind project are asking a federal judge to block a Trump administration order that halted construction of their project, along with four others, over national security concerns. Dominion Energy Virginia said in its …
POSTED DECEMBER 31, 2025 6:00 AM |
People Moves: Erie Insurance Names Morrison and Ackerman in Virginia
Erie Insurance (ERIE), headquartered in Erie, Pennsylvania, named Todd Morrison and Chad Ackerman as branch managers for the company’s Roanoke and Richmond, Virginia, branches. Morrison, Roanoke branch manager, has 15 years of ERIE experience, most recently serving as senior district …
POSTED DECEMBER 31, 2025 6:00 AM |
Climate Cost Report Underway Even as Vermont’s Climate Law Faces Lawsuits
For Sue Minter, Vermont’s newly appointed climate superfund specialist, the floods started early. Back in 2011, when Tropical Storm Irene thrashed Vermont, Minter — serving as the state’s deputy secretary of transportation — helped rebuild the 600 miles of destroyed …
POSTED DECEMBER 31, 2025 6:00 AM |
West News Archives - Insurance Journal
Report: California Comp Combined Ratio for 2024 Highest in 20-Plus Years
After three consecutive accident years with relatively stable loss ratios, the projected loss and allocated loss adjustment expense ratio for accident year 2024 rose by 9 points and the combined ratio for accident year 2024 rose by 12 points—the highest …
POSTED DECEMBER 31, 2025 6:00 AM |
Hawaii Hopes New Laws Will Quiet Illegal Fireworks After Deadly New Year’s Eve Blast
Mike Lambert heard fewer illegal fireworks exploding in his suburban Honolulu neighborhood in the months after a chain of blasts at a house party last New Year’s Eve led to the deaths of six people, including a 3-year-old boy. As …
POSTED DECEMBER 31, 2025 6:00 AM |
New Laws Impacting California Drivers in 2026
New laws affecting California drivers set to go into effect on Jan. 1, 2026, include stricter laws for drunk driving, speeding in school zones and automated traffic camera enforcement. The California Department of Motor Vehicles compiled a list of new …
POSTED DECEMBER 31, 2025 6:00 AM |
Colorado Faces $24M Funding Cut for Illegal Commercial Driver’s Licenses
The head of the U.S. Department of Transportation threatened to withhold $24 million in federal funding from the state of Colorado for what he described as a slow response to a major violation of federal commercial driver’s license regulations. Transportation …
POSTED DECEMBER 30, 2025 3:18 PM |
People Moves: Igarashi Joins Alliant’s Western Region Benefits Team
Jaycy Igarashi joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Irvine, Igarashi has more than a decade of experience, most recently serving as a partner in employee benefits at The Baldwin Group. He …
POSTED DECEMBER 30, 2025 6:00 AM |
California AG Puts out Price Gouging Alert Following Emergency Declaration
California Attorney General Rob Bonta issued a consumer alert following the Gov. Gavin Newsom’s emergency declaration in response to powerful winter storms that struck over th weekend, with more rain and wind on tap. A series of atmospheric rivers brought …
POSTED DECEMBER 30, 2025 6:00 AM |
Waymo’s San Francisco Outage Raises Doubts Over Robotaxi Readiness During Crises
A widespread power outage in San Francisco that led to Waymo robotaxis stalling and snarling traffic earlier this month has raised concerns about the readiness of autonomous vehicle operators to tackle major emergencies like earthquakes and floods. Driverless taxis from …
POSTED DECEMBER 29, 2025 2:38 PM |
People Moves: Aspire Promotes Storms to COO, Burton to EVP and CUO
Aspire promoted Myles Storms to chief operating officer, where he oversees corporate operations, brand, customer experience, project management, UAT and mailroom operations. Since joining Aspire, he has served as senior vice president and vice president of operations, director of corporate …
POSTED DECEMBER 29, 2025 6:00 AM |
Top West Region Insurance Journal Stories of 2025
California’s wildfire and homeowners insurance crisis were the most read stories in Insurance Journal’s Western region this year. It was a year that saw several major insurers draw back from writing homeowners policies in the state, prompting the state’s insurance …
POSTED DECEMBER 29, 2025 6:00 AM |
California Ditches Fight With Feds For High-Speed Rail Funds
California has withdrawn a lawsuit against the Trump administration that sought to recover roughly $4 billion in federal funds pulled from the state’s long-delayed high-speed rail project, after concluding it can no longer rely on the federal government to help …
POSTED DECEMBER 29, 2025 6:00 AM |
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