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News Archives - Insurance Journal
Ships Attacked in Strait of Hormuz This Week, Chevron CEO Says
Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer …
POSTED MAY 29, 2026 1:52 PM |
Number of Deaths Rises in Washington Paper Mill Explosion
At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …
POSTED MAY 29, 2026 1:48 PM |
Viewpoint: Somali Piracy Is Back – Fueled by Political Turmoil, Aid Cuts and Iran War
On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in …
POSTED MAY 29, 2026 1:31 PM |
Extreme Heat Could Cost Germany up to $131 Billion by 2030, Analysis Shows
Extreme heat could cost Germany up to $131 billion by 2030 and shave up to 3% off economic output if recent heat wave patterns persist, an analysis from Allianz Trade showed on Thursday. Germany faces losses of up to $131 …
POSTED MAY 29, 2026 12:47 PM |
People Moves: Davis & Towle Names Kneeland, Promotes Cole in Commercial Lines
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, appointed John Kneeland as commercial lines manager and promoted Sherri Cole to assistant commercial lines manager. Both positions are effective June 1. Kneeland brings extensive insurance industry experience to Davis …
POSTED MAY 29, 2026 12:35 PM |
Insurance Australia Settles in Greensill Federal Court Case
Insurance Australia Group Ltd. said it has agreed to a settlement of proceedings brought by Greensill Bank AG and its insolvency administrators. IAG said the settlement won’t have a material impact on its financial position, according to a statement on …
POSTED MAY 29, 2026 12:17 PM |
Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs
A Massachusetts man pleaded guilty in federal court in Boston this week to payroll tax avoidance and workers’ compensation insurance fraud, prosecutors reported. According to the U.S. attorney’soffice, Henry Lam, of Lowell, used cash payments to employees to hide his …
POSTED MAY 29, 2026 12:09 PM |
Google Engineer Charged With Insider Trading on Polymarket
A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches. Michele Spagnuolo was charged in a complaint unsealed Wednesday in federal …
POSTED MAY 29, 2026 11:38 AM |
Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of …
POSTED MAY 29, 2026 11:18 AM |
Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
Michigan may be known as the Great Lakes state, but most of its residents have a river to thank for their hometown’s existence. “Just looking at settlement patterns in Michigan tells us a lot about how important our rivers are,” …
POSTED MAY 29, 2026 6:48 AM |
West News Archives - Insurance Journal
Number of Deaths Rises in Washington Paper Mill Explosion
At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …
POSTED MAY 29, 2026 1:48 PM |
California Drivers Arraigned for Insurance Fraud in Staged Crash Scheme
Four Southern California drivers were arraigned in an alleged staged collision scheme tied to coordinated insurance fraud. The collisions reportedly endangered an innocent driver. The defendants are: Jhoiner Rodriguez Celis, 31, of Anaheim; Melissa Cervantes De La Torre, 30, of …
POSTED MAY 29, 2026 5:00 AM |
Justice Department Sues University of California for Antisemitic Environment
The Department of Justice filed a lawsuit against the University of California for what it says is discrimination against Jewish and Israeli students at its University of California Los Angeles campus. The suit says the environment on the UCLA campus …
POSTED MAY 29, 2026 5:00 AM |
West Coast Chemical Emergencies Raise Questions About Safety
There are millions of chemical tanks around the U.S., and experts say it is exceedingly rare for them to fail as long as they are properly maintained and inspected. Yet this past week, there were two major hazardous chemical emergencies …
POSTED MAY 28, 2026 1:02 PM |
Emergency Reserve Oil Heads to California for First Time
A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said. The unusual movement highlights the redrawing of trade flows and shipping routes as the Iran …
POSTED MAY 28, 2026 5:00 AM |
Insurance Attorneys Flip $1M Hail Claim Into $2M Suit for Contractor Interference
What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found it intentionally interfered with the insurance contract and caused …
POSTED MAY 28, 2026 5:00 AM |
Fatalities Reported in Washington State Packaging Facility Explosion
An accident at a Washington state packaging facility has left at least one person dead, nine missing and nine others injured, with crews working to contain a ruptured tank of caustic chemicals. The incident occurred Tuesday morning at Nippon Dynawave …
POSTED MAY 27, 2026 1:37 PM |
California Officials Lift Evacuation Orders for Residents Near Damaged Chemical Tank
Southern California officials lifted the final evacuation orders Tuesday night for residents who live near a damaged chemical tank, allowing 16,000 people to return home. The crisis that began Thursday had forced 50,000 people to evacuate in and around the …
POSTED MAY 27, 2026 1:26 PM |
Crest Insurance Group Names Hart Vice President, Employee Benefits
Crest Insurance Group named Tony Hart vice president, employee benefits in the firm’s Henderson, Nevada office. Hart has nearly 20 years of employee benefits brokerage and consulting experience and specializes in cost containment, pharmacy management, population health and alternative funding …
POSTED MAY 27, 2026 5:00 AM |
California Narrows Evacuation Area With Risk ‘Off the Table’
There is no longer a risk of a compromised chemical tank exploding in the suburbs of Los Angeles and evacuation orders for some of the more than 50,000 people were lifted, according to the Orange County Fire Authority. The county’s …
POSTED MAY 26, 2026 2:00 PM |
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