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News Archives - Insurance Journal
People Moves: Silva to Succeed Retiring Welch as Amica Chief Claims Officer
Silva to Succeed Retiring Welch as Amica SVP and Chief Claims Officer Amica Mutual Insurance Co., headquartered in Lincoln, Rhode Island, announced that Sean Welch, senior vice president and chief claims officer, will retire at the end of the year …
POSTED SEPTEMBER 03, 2026 9:00 AM |
UN Warns Global Warming Will Exceed 1.5C and Must Be Reversed
Since countries signed onto the 2015 Paris Agreement, the United Nations has regularly reported on the world’s progress at limiting global warming to 1.5C above pre-industrial levels. A landmark UN report published today brings an end to that era — …
POSTED SEPTEMBER 03, 2026 8:56 AM |
Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says
South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and …
POSTED SEPTEMBER 03, 2026 8:07 AM |
Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies
Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …
POSTED SEPTEMBER 03, 2026 6:53 AM |
Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids
The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The …
POSTED SEPTEMBER 03, 2026 5:44 AM |
US Government Backs OpenAI in New York Times Copyright Case
The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times NYT.N and other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training generally …
POSTED SEPTEMBER 03, 2026 5:16 AM |
Viewpoint: Commercial P/C Talent Gap 5 Years On—Are We Asking the Right Question
For more than four decades, I have worked across the commercial property/casualty insurance ecosystem. Over those years, I have watched our industry attract people, develop underwriters, transfer knowledge, promote talent, lose experienced practitioners, and adapt as the way we work …
POSTED SEPTEMBER 03, 2026 5:11 AM |
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
A Florida judge this week effectively dismissed a lawsuit brought by private equity firms who charged that Lighthouse Property Insurance executives misled investors about the extent of losses from Hurricane Ida in 2021. By entering into a 2021 note purchase …
POSTED SEPTEMBER 03, 2026 5:02 AM |
Judge Strikes Down NY Plan to Charge Fossil-Fuel Firms $75B for Climate Damages
New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state’s responsibility and …
POSTED SEPTEMBER 03, 2026 5:00 AM |
Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
Insurance continued to be the biggest generator of complaints to the Oregon Division of Financial Regulation, according to the division, which reported it recovered $3.88 million through the first six months of 2026. Insurance produced the majority of complaints filed …
POSTED SEPTEMBER 03, 2026 5:00 AM |
West News Archives - Insurance Journal
Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
Insurance continued to be the biggest generator of complaints to the Oregon Division of Financial Regulation, according to the division, which reported it recovered $3.88 million through the first six months of 2026. Insurance produced the majority of complaints filed …
POSTED SEPTEMBER 03, 2026 5:00 AM |
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill
PG&E Corp. plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect …
POSTED SEPTEMBER 02, 2026 1:46 PM |
California Lawmakers Adjourn Without Voting on Wildfire Bill
The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol. Major …
POSTED SEPTEMBER 02, 2026 5:00 AM |
Report: Medical Service Costs in California Comp Rising With Payments, Utilization
Medical service costs in California workers’ compensation rose 5% last year on the back of growth in both average payments and utilization, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its Medical Service Cost Trends …
POSTED SEPTEMBER 02, 2026 5:00 AM |
Crest Acquiring Tegeler & Associates in Wyoming
Crest Insurance Group is acquiring Tegeler & Associates in Pinedale, Wyoming. Tegeler & Associates was founded in 1943 and acquired by the Tegeler family in the 1970s. The agency has 14 locations throughout Wyoming and provides insurance services for individuals, …
POSTED SEPTEMBER 01, 2026 5:00 AM |
State Farm Sued by LA County for Delays, Denials to Fire Victims
Los Angeles County sued State Farm, California’s largest home insurer, for alleged delays, denials and underpayments of property damage claims filed by victims of the massive January 2025 wildfires. Monday’s lawsuit, following a county investigation, alleges State Farm withheld money …
POSTED SEPTEMBER 01, 2026 5:00 AM |
California Lawmakers File Wildfire Plan, Without Newsom Asks
California legislators introduced a bill Saturday that would update the state’s wildfire response without shifting liability away from publicly traded utilities. The move comes after extended negotiations with Gov. Gavin Newsom’s administration, which had been advocating for measures that would …
POSTED SEPTEMBER 01, 2026 5:00 AM |
Wildfire Risks in California and Oregon Worsened by Strong Winds
Northern California and southern Oregon are under red flag fire warnings, as the threat posed by tinderbox conditions is compounded by strong winds. National Weather Service warnings are in place from noon to 8 p.m. local time, while the U.S. …
POSTED AUGUST 31, 2026 1:44 PM |
Oregon Regulators Extend Wildfire Emergency Orders to Pause Insurance Cancellations
The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
POSTED AUGUST 31, 2026 5:00 AM |
LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
More than a year after wildfires devastated Pacific Palisades, a nonprofit is advancing a plan to tap the public debt market to create housing in the slow-to-recover Los Angeles wealthy enclave. Uplifters Foundation plans to build new $3 million houses …
POSTED AUGUST 28, 2026 5:00 AM |
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