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News Archives - Insurance Journal
UAE Oil Tankers Attacked While Sailing Dark Through Hormuz
Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war. A seafarer died and several were injured, …
POSTED JULY 14, 2026 12:28 PM |
Iran and US launch New Missile Attacks, Battle Over Control of Strait of Hormuz
Iran fired ballistic missiles at a U.S. air base in Jordan on Tuesday and the United States attacked Iranian targets for five hours in a battle for control of the Strait of Hormuz that has pushed up oil prices to …
POSTED JULY 14, 2026 12:04 PM |
People Moves: Clifford Takes On Expanded Role for NFP’s Construction Unit
NFP’s Clifford Named U.S. Brokerage and Account Management Leader Tom Clifford assumed an expanded leadership role as leader of U.S. brokerage and account management in the construction and infrastructure (C&I) group at NFP, an Aon company. Based in New York, …
POSTED JULY 14, 2026 10:48 AM |
Canada Regulator Warns Banks About Cyber Risks of Anthropic’s Claude Mythos
Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix …
POSTED JULY 14, 2026 10:16 AM |
KKR Joins US Consortium to Buy Australian Broker Steadfast in $5.3 Billion Deal
Australia’s Steadfast said on Tuesday that the global investment firm KKR has joined the consortium of Amwins Group and Dragoneer Investment in their A$7.7 billion ($5.33 billion) proposal to buy out the insurance broker. Here are some more details: KKR …
POSTED JULY 14, 2026 9:57 AM |
People Moves: Baldwin Group Hires Pierce as Regional President for IAS
The Baldwin Group announced the appointment of Phil Pierce as west regional president for its Insurance Advisory Solutions (IAS) segment. This appointment further underscores the firm’s sustained growth as well as the evolving scale of its IAS business. In this …
POSTED JULY 14, 2026 7:00 AM |
FDA Urges Infant-Formula Makers to Tighten Supplier Oversight After Product Recalls
The U.S. FDA on July 13 urged the infant-formula industry and supply-chain partners to exercise substantive oversight of their suppliers following multiple product recalls and recent botulism cases – the first outbreaks in the country linked to baby formula in …
POSTED JULY 14, 2026 5:06 AM |
Florida Property Tax Cut Plan Relies on Population Boom That Has Slowed Dramatically
From 2020 to 2024, Florida’s population grew by 8.5%, from 21.6 million to 23.4 million. This is nothing new: The state’s warm weather, amenities that include world-class golf courses and beaches, and lack of income tax have long attracted newcomers, …
POSTED JULY 14, 2026 5:04 AM |
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster?
On August 29, 2005, Hurricane Katrina made landfall near Buras-Triumph, Louisiana, as a Category 3 hurricane with sustained winds of 125 mph. It had previously reached Category 5 intensity over the Gulf of Mexico, peaking at 175 mph, before weakening …
POSTED JULY 14, 2026 5:02 AM |
Philadelphia Area Digs Out From Damage Left by Microburst Storms
Residents in some Philadelphia neighborhoods and surrounding counties were cleaning up Sunday from widespread damage caused by a line of severe, short thunderstorms that passed through. The storms, called microbursts, passed through Saturday afternoon, downing trees and power lines, flooding …
POSTED JULY 14, 2026 5:00 AM |
West News Archives - Insurance Journal
People Moves: Baldwin Group Hires Pierce as Regional President for IAS
The Baldwin Group announced the appointment of Phil Pierce as west regional president for its Insurance Advisory Solutions (IAS) segment. This appointment further underscores the firm’s sustained growth as well as the evolving scale of its IAS business. In this …
POSTED JULY 14, 2026 7:00 AM |
California Cannot Seek Damages From 23andMe Successor Over 2023 Data Breach
A U.S. bankruptcy judge on July 10 said California cannot seek damages from the company formerly known as 23andMe arising from a 2023 data breach that exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy …
POSTED JULY 13, 2026 3:04 PM |
Driver Sentenced for Insurance Fraud After Crash Caught on Dashcam
A California driver was sentenced for filing a fraudulent insurance claim after dashcam footage showed him involved in a road rage incident that caused the accident. Kenneth Pham Tran, 54, of San Jose, was sentenced after dashcam footage showed him …
POSTED JULY 13, 2026 5:00 AM |
California Insurance Commissioner OKs Upping Workers’ Comp Pure Premium 10.4%
California Insurance Commissioner Ricardo Lara approved workers’ compensation advisory pure premium rates that average 10.4% than last year. The Workers’ Compensation Insurance Rating Bureau of California submitted a pure premium rate filing in May to the commissioner proposing September 1, …
POSTED JULY 13, 2026 5:00 AM |
People Moves: Trucordia Names Roberts EVP, Health Benefits & Financial Services; Arrowhead Programs Adds Kaufman as SVP and Chief Actuary
Trucordia Names Roberts as EVP, Health Benefits & Financial Services Trucordia named Steve Roberts executive vice president, health benefits and fnancial services. Roberts has more than three decades of experience leading growth, modernization and transformation across major healthcare and benefits …
POSTED JULY 13, 2026 5:00 AM |
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for …
POSTED JULY 10, 2026 1:17 PM |
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California …
POSTED JULY 10, 2026 5:00 AM |
Trucordia Acquires Assets of Dominion Insurance Services in California
Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group …
POSTED JULY 10, 2026 5:00 AM |
California Bill to Let Insurers Use Driver Telematics Mulled by Legislature
A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law, Proposition 103. The bill, the Consumer Driving Data …
POSTED JULY 09, 2026 2:59 PM |
Apple’s $30B Spend on Broadcom Chips Will Expand Colorado Factory
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday …
POSTED JULY 09, 2026 5:00 AM |
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