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News Archives - Insurance Journal
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
POSTED OCTOBER 16, 2026 5:23 AM |
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
POSTED OCTOBER 16, 2026 5:08 AM |
Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
Right now, many enterprises are approaching AI adoption like a vendor selection exercise. Which model should we partner with? Which platform is smartest? Which large language model (LLM) has the features and are at a price point we’re looking for? …
POSTED OCTOBER 16, 2026 5:07 AM |
CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 …
POSTED OCTOBER 16, 2026 5:05 AM |
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
Three members of a New Jersey family have been charged for their alleged roles in a homeowners’ insurance fraud scheme involving an Assurance Insurance Co. claims examiner that generated more than $100,000 in fraudulent payments. Attorney General Jennifer Davenport reported …
POSTED OCTOBER 16, 2026 5:00 AM |
Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
A cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic PBC’s potential blockbuster debut as one of the few offerings that investors can count on. Several deals have already come unglued, with smart-ring maker Oura Inc. …
POSTED OCTOBER 16, 2026 5:00 AM |
Lemonade Launches Renters Insurance in Hawaii
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
POSTED OCTOBER 16, 2026 5:00 AM |
Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
A former claims adjuster has been charged with defrauding the Pennsylvania insurer he worked for by taking payment of nearly $1 million for an accident claim under the guise that he was with a law firm representing the claimant. Pennsylvania …
POSTED OCTOBER 16, 2026 5:00 AM |
NYC Comptroller Levine Urges Anthropic to Pause US IPO
Anthropic should delay its US IPO until it addresses concerns about safety, governance and the pace of development, urged New York City Comptroller Mark Levine in a letter to the AI lab’s CEO Dario Amodei. AI systems have advanced rapidly …
POSTED OCTOBER 16, 2026 5:00 AM |
Romania Blames Russia for Escalating Black Sea Ship Strikes
Romania blamed Russia for increased drone strikes against commercial vessels in the Black Sea after a second cargo caught fire near its territorial waters in the space of 12 hours. “It’s obvious that these are attempts by Russia, in Romania …
POSTED OCTOBER 16, 2026 4:40 AM |
West News Archives - Insurance Journal
Lemonade Launches Renters Insurance in Hawaii
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
POSTED OCTOBER 16, 2026 5:00 AM |
California Fire Danger Has Utilities Set for Broad Shutoffs
More than 345,000 homes and businesses across California are facing potential power cuts this week during what’s expected to be a days-long onslaught of dangerous fire weather conditions. With drying winds forecast to blow through much of the state through …
POSTED OCTOBER 15, 2026 5:00 AM |
SageSure One Expanding California Homeowners Coverage
SageSure One is expanding its California homeowners insurance offerings. The new product, from Olympus Insurance Co., provides up to $20 million in total insurable value. The non-admitted HO5 homeowners product is designed for higher-value California homes, with coverage beginning at …
POSTED OCTOBER 15, 2026 5:00 AM |
Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability
A new report looks into how to put more resources into prevention before a wildfire strikes, maintain resilience and direct new investment where it can deliver the greatest value using Napa, California as a case study. The Napa County wildfire …
POSTED OCTOBER 14, 2026 5:00 AM |
Edison Drops on Willful Misconduct Allegations in Eaton Fire Case
Edison International shares fell over 3% on Tuesday after short seller Muddy Waters said it had uncovered new information suggesting the utility acted with “conscious” or “willful” disregard in the Eaton Fire. Related: Southern California Edison Chief Warns Wildfire Impasse …
POSTED OCTOBER 13, 2026 7:11 PM |
Las Vegas Business Owner Pleads Guilty in Staged Armed Robbery Fraud Scheme
A Las Vegas business owner pleaded guilty to arranging a fake armed robbery of his cellphone repair store to collect an insurance payout. Erwin Lanada, owner of CPR Cellphone Repair, pleaded guilty to one count of mail fraud. According to …
POSTED OCTOBER 13, 2026 3:26 PM |
Homebuyers in Wildfire-Prone Areas Get Better Mortgage Deals Online
As climate change increases the threat of destructive wildfires, traditional mortgage lenders are making it harder or more expensive to secure a home loan in fire-prone parts of California. Online lenders are behaving differently. Fintech lenders — companies that originate …
POSTED OCTOBER 13, 2026 5:00 AM |
PG&E Warns of Possible Weekend Power Shutoffs Amid Windy California Weather
PG&E Corp. is warning that it may shut off power to some customers in northern California this weekend as dry winds elevate the risk of wildfires. California’s biggest utility may switch off power in as many as seven counties north …
POSTED OCTOBER 09, 2026 5:00 AM |
California Workers’ Comp Combined Ratio Highest in More Than 20 Years
The projected combined ratio for California workers’ compensation insurers reached 127% in 2025, the highest in more than 20 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its latest Quarterly Experience Report, which delves …
POSTED OCTOBER 08, 2026 6:00 PM |
Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
Where there’s smoke there’s fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires that struck California in recent years is that smoke claims became a bigger issue …
POSTED OCTOBER 08, 2026 5:00 AM |
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