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News Archives - Insurance Journal
California Resources Reports Oil Fluid Spill in Monterey County
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 96 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California’s Central Coast. The spill …
POSTED DECEMBER 05, 2025 9:41 PM |
South Dakota Legislators Plan Bills to Help Residents in Fight Over Limestone Mine
Three lawmakers who represent Piedmont, South Dakota, hope to change weak state mining laws that allowed a proposed limestone mine to be sited without notification or input by any local officials or residents. The plan by Simon Contractors to begin …
POSTED DECEMBER 05, 2025 5:43 PM |
People Moves: RiverStone International Appoints Pritchard as UK CEO
RiverStone International Appoints Pritchard as UK CEO RiverStone International Holdings, the legacy acquisition company, announced the appointment of Charlotte Pritchard as UK CEO, effective January 5, subject to regulatory approval. Pritchard succeeds Andrew Creed who will become group president (also …
POSTED DECEMBER 05, 2025 4:27 PM |
Acrisure CEO Greg Williams Makes $400M Commitment to Michigan State University
Acrisure co-founder CEO Greg Williams is giving back to his alma mater in a major way. Michigan State University announced Williams and his wife are committing $401 million to the university, with most of the donation going towards the school’s …
POSTED DECEMBER 05, 2025 4:05 PM |
Business Moves: MGA Nirvana Buys Arena From Ryan Specialty; Ryan Acquires Canada MGU SSRU; Bridgehaven Buys SureStone; Gallagher Re to Buy S. Africa’s Resilea
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms of the deal, which was announced today, were not disclosed. Arena is a leader in …
POSTED DECEMBER 05, 2025 3:55 PM |
Longtime WTW Cyber Risk Leader Heads to Marsh
Marsh this week announced it has hired Tom Srail its cyber analytics and digital infrastructure leader for the U.S. and Canada. Srail had spend the last 21 years with WTW, mostly recently as executive vice president of its global cyber …
POSTED DECEMBER 05, 2025 3:23 PM |
PE Firms EQT, PAI Among Bidders for €2 Billion Insurance Broker Global
Private equity firms EQT AB, PAI Partners and Stone Point have been shortlisted in the bidding for German insurance brokerage Global Group, people familiar with the matter said. Global Group, which is backed by buyout firm Castik Capital, could fetch …
POSTED DECEMBER 05, 2025 3:13 PM |
Agency Probes Reports Waymo Self-Driving Cars Illegally Passed School Buses in Texas
A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet GOOGL.O unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school …
POSTED DECEMBER 05, 2025 2:47 PM |
New York Times Sues Perplexity AI for ‘Illegal’ Copying of Content
The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple legal disputes and …
POSTED DECEMBER 05, 2025 2:34 PM |
AM Best Revises Outlook to Negative for Nazareth Mutual
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., based …
POSTED DECEMBER 05, 2025 2:07 PM |
West News Archives - Insurance Journal
California Resources Reports Oil Fluid Spill in Monterey County
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 96 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California’s Central Coast. The spill …
POSTED DECEMBER 05, 2025 9:41 PM |
People Moves: Affordable American Insurance Hires Haskett as Sales VP
Affordable American Insurance Inc. naned Ross Haskett vice president of sales. Haskett has a decade of experience in insurance-industry lending and agency financing, including senior leadership roles at Westfield Bank and Live Oak Banking Company. His background includes positions ranging …
POSTED DECEMBER 05, 2025 6:00 AM |
Arizona Study Group Issues Report on Homeowners Insurance and Wildfire Risk
A report from a regulator-created group found that a multifaceted approach to addressing wildfires and lack of insurance affordability in Arizona should be tackled with a multifaceted approach that includes homeowners, communities and the state working in tandem to implement …
POSTED DECEMBER 05, 2025 6:00 AM |
California AG Settles With National Sanitation Company Over No-Poach Agreements
California Attorney General Rob Bonta settled with a national cleaning and sanitation company to resolve allegations that the company used unlawful no poach agreements. The settlement is against Packers Sanitation Services Inc. LTD., now doing business as Fortrex. As part …
POSTED DECEMBER 05, 2025 6:00 AM |
Nevada Governor Signs Sweeping Crime Bill as State Seeks to Boost Tourism
Nevada Gov. Joe Lombardo signed his sweeping crime package into law over the weekend that will help revive a unique court program that barred offenders of some crimes from the Las Vegas Strip and will stiffen penalties for smash-and-grab robberies, …
POSTED DECEMBER 04, 2025 2:50 PM |
Keen Appointed Oregon Insurance Commissioner
T.K. Keen has been named Oregon’s insurance commissioner following a period serving as an interim commissioner. Keen, who has been acting insurance commissioner since being promoted in late May, was appointed to the role by Oregon Department of Consumer and …
POSTED DECEMBER 04, 2025 6:00 AM |
Nine Insurers OK’d to Sell Group Health to Washington Employers
Washington Insurance Commissioner Patty Kuderer approved nine health insurers to sell group health plans to small employers in 2026. The insurers are: Asuris Northwest Health, Kaiser Foundation Health Plan of the Northwest, Kaiser Foundation Health Plans of WA, Kaiser Foundation …
POSTED DECEMBER 04, 2025 6:00 AM |
Four Convicted of Collision Fraud Involving a Rideshare Driver in California
Four people were convicted of felony insurance fraud and assault for faking an auto collision that involved a rideshare driver in San Bernardino, California. According to the California Department of Insurance, two of the four people were identified as Kalil …
POSTED DECEMBER 03, 2025 4:33 PM |
Report Asks Washington Lawmakers to Require Insurers to Better Track Wildfire Risk
A working group on wildfires in Washington wants the state Legislature to consider requiring insurers to internally track instances in which wildfire risk materially contributes to a policy nonrenewal, cancellation or eligibility determination—and to better explain wildfire risk scores. The …
POSTED DECEMBER 03, 2025 6:00 AM |
San Francisco Sues Kraft, Coca-Cola Over Ultra-Processed Foods
The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit in San Francisco Superior …
POSTED DECEMBER 02, 2025 7:35 PM |
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