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News Archives - Insurance Journal
People Moves: Encova Insurance Names Two New Senior Leadership Team Members; NI Holdings Inc. Names Dawson SVP and CHRO
Encova Insurance Names Two New Senior Leadership Team Members Encova Insurance Executive Vice President and Chief Strategy Officer John Kessler will retire at the end of 2026 after more than 40 years of dedicated service to the company. As part …
POSTED JULY 18, 2025 4:42 PM |
Survivors’ Lawyers Allege Decades of Systemic Abuse in Illinois Detention Facilities
Illinois has one of the nation’s worst problems with child sex abuse at juvenile detention centers, attorneys representing more than 900 survivors who have filed lawsuits said Wednesday. Dozens of complaints, including several filed this week in Chicago, allege decades …
POSTED JULY 18, 2025 4:08 PM |
Cayman Islands Approves 21 New International Insurance Licenses During H1
The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new international insurers during the first half of this year. Between April and June, CIMA …
POSTED JULY 18, 2025 3:17 PM |
Neptune Adds Capacity to Bring Flood Insurance Product Nationwide
Flood insurer Neptune Flood said recently it secured over $400 million in premium capacity and has launched in Alaska to officially become available in all 50 states. Neptune said its capacity panel now includes more than 30 insurance and reinsurance …
POSTED JULY 18, 2025 3:16 PM |
Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products
A former Tennessee insurance agent who lost his license in 1999 but continued to sell insurance products has been sentenced to 10 years in prison. Most of that jail time was suspended by a judge. Johnny Ray Jackson, 55, of …
POSTED JULY 18, 2025 2:21 PM |
People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s
This edition of International People Moves details appointments at Aon and AXA XL. A summary of these new hires follows here. Aon Appoints Key Leaders in EMEA Commercial Risk Team Insurance broker Aon plc announced several key leadership appointments within …
POSTED JULY 18, 2025 2:02 PM |
Trump Nominates Two Lawyers to Seal Republican Control of US Labor Board
President Donald Trump has moved to install a Republican majority at the federal board that hears private-sector labor disputes and oversees union elections, which has been paralyzed by his unprecedented firing of a Democratic member. The White House sent the …
POSTED JULY 18, 2025 1:56 PM |
King Risk Adds Equestrian Specialist Agency in South Carolina
King Risk Partners, a national insurance brokerage with home offices in Gainesville, Florida, has acquired Cummings Insurance Agency in Aiken, South Carolina. Cummings, founded in 2014, has specialized in agricultural and equestrian clients, the companies said in a news release. …
POSTED JULY 18, 2025 1:36 PM |
Alaska Tsunami Warning Had Residents Scrambling for High Ground After M7.3 Quake
Communities along a 700-mile stretch of Alaska’s southern coast ordered residents to higher ground after a powerful offshore earthquake Wednesday, but officials quickly downgraded and then canceled a tsunami warning for the region. There were no reports of significant damage. …
POSTED JULY 18, 2025 1:33 PM |
AI Models With Systemic Risks Given Pointers on How to Comply With EU AI Rules
The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act). The move aims to counter …
POSTED JULY 18, 2025 1:24 PM |
West News Archives - Insurance Journal
Alaska Tsunami Warning Had Residents Scrambling for High Ground After M7.3 Quake
Communities along a 700-mile stretch of Alaska’s southern coast ordered residents to higher ground after a powerful offshore earthquake Wednesday, but officials quickly downgraded and then canceled a tsunami warning for the region. There were no reports of significant damage. …
POSTED JULY 18, 2025 1:33 PM |
Billionaire-Backed California City Pitches Plans for Factory Hub
California Forever, the proposed futuristic community backed by billionaire venture capitalists, is now billing itself as a manufacturing center a year after local opposition forced it to withdraw plans to incorporate a new city. The project’s organizers said Thursday that …
POSTED JULY 18, 2025 5:00 AM |
California Labor Commissioner Cites Ritz-Carlton and Subcontractors $2M
The California Labor Commissioner’s Office cited the Ritz-Carlton Hotel Company LLC and three contractors more than $2 million for reportedly misclassifying 155 janitors as independent contractors at its Half Moon Bay hotel. The citations include $1.9 million in wages and …
POSTED JULY 18, 2025 5:00 AM |
FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska
The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to ensure safe …
POSTED JULY 17, 2025 1:51 PM |
Trucordia Acquires Vegas Valley Benefit Plans in Nevada
Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered in Lindon, …
POSTED JULY 17, 2025 5:00 AM |
People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employee Benefits Team in Utah
The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and property/casualty insurance advisory firm. …
POSTED JULY 17, 2025 5:00 AM |
Venbrook Launches Habitational Product for California Condos, Townhomes
Venbrook Group has entered a strategic alliance with DB Insurance to bring a specialty coverage option for multi-unit residential properties in California. The product is tailored for condominium and townhome homeowners association policies. It is the first offering from the …
POSTED JULY 16, 2025 3:07 PM |
High Temperatures, Wildfire Smoke May Trigger Protections for Washington Workers
Worker safety regulators in Washington are warning businesses that temperatures and wildfire smoke are making for hazardous conditions for outdoor workers. The Washington State Department of Labor & Industries issued a notice to employers and workers about which weather conditions …
POSTED JULY 15, 2025 7:21 PM |
California Surplus Lines Take-Up Soars as Brokers Work to Find Coverage for Clients
The best way to tell that the California homeowners insurance market has been a bear is to see where buyers facing higher rates and lack of options in traditional markets are going for alternatives. One choice is the surplus lines …
POSTED JULY 15, 2025 5:37 PM |
California Insurance Commissioner OKs Higher Workers’ Pure Premium Filing
California Insurance Commissioner Ricardo Lara approved a higher September 1, 2025, pure workers’ compensation premium rate filing. The decision followed a filing by the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB submitted the filing to the California Department …
POSTED JULY 15, 2025 1:49 PM |
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