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News Archives - Insurance Journal
Texas Counties Have Little Power to Stop Building in Flood-Prone Areas
Camp Mystic, the private summer camp that now symbolizes the deadly Central Texas floods, sat on a tract of land known to be at high risk for a devastating flood. Nearly 1.3 million Texas homes are similarly situated in parts …
POSTED JULY 09, 2025 4:48 PM |
Kansas Insurance Commissioner Schmidt Announces Run for Governor
Kansas Insurance Commissioner Vicki Schmidt announced her bid to run for Governor of Kansas in 2026. Schmidt, a lifelong Republican, began her career as a pharmacist after graduating from the University of Kansas. She has worked for over 40 years …
POSTED JULY 09, 2025 4:39 PM |
Lemonade Expands Car Insurance to Indiana
Lemonade announced this week the expansion of its car insurance product in Indiana. With this addition, Lemonade Car is now available in states representing approximately 42% of the U.S. car insurance market. Lemonade’s existing customers in the state already account …
POSTED JULY 09, 2025 4:27 PM |
People Moves: RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer; MS Reinsurance Restructures Underwriting Operations, Making Leadership Changes
This edition of International People Moves details appointments at RiverStone International and MS Reinsurance. A summary of these new hires follows here. RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer RiverStone International Holdings, the UK-based acquirer and reinsurer of …
POSTED JULY 09, 2025 4:03 PM |
AM Best Revises Outlook to Negative for Texas’ Service Insurance Group
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Service Lloyds Insurance Company, a Stock Company and Service American Indemnity …
POSTED JULY 09, 2025 3:52 PM |
Focus on First Responders’ Mental Health Grows in Texas Flood Recovery
Riding on horseback through brush and over numerous dead turkeys, Margo Mellon spent Tuesday scanning the flood-ravaged ground of Texas’ Hill Country for dead bodies. As she and her rescue mates trudged through the muddy terrain, state officials announced that …
POSTED JULY 09, 2025 3:44 PM |
Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs
President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new …
POSTED JULY 09, 2025 3:17 PM |
US Tariffs Projected to Slow Global Economy and Insurance Premium Growth: Swiss Re
Global growth is slowing as US tariff policy reduces trade and heightens geopolitical uncertainty, which ultimately will lead to decelerating growth in insurance premiums, according to Swiss Re. Global GDP growth (adjusted for inflation) is expected to slow to 2.3% …
POSTED JULY 09, 2025 3:04 PM |
House Swept Away as Flash Flooding Hits Mountain Village in New Mexico
At least three people were missing in a mountain village in southern New Mexico that is a popular summer retreat after monsoon rains triggered flash flooding Tuesday that was so intense an entire house was swept downstream. Emergency crews carried …
POSTED JULY 09, 2025 1:51 PM |
Villages Health System Sees $350 Million in Medicare Overcharges
A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings. The Villages Health System LLC, which operates clinics for retirees …
POSTED JULY 09, 2025 1:42 PM |
West News Archives - Insurance Journal
House Swept Away as Flash Flooding Hits Mountain Village in New Mexico
At least three people were missing in a mountain village in southern New Mexico that is a popular summer retreat after monsoon rains triggered flash flooding Tuesday that was so intense an entire house was swept downstream. Emergency crews carried …
POSTED JULY 09, 2025 1:51 PM |
California Fails to Stop 23andMe Founder From Re-Acquiring Company
Genetic testing company 23andMe can proceed with a $305 million sale to the company’s co-founder Anne Wojcicki after a U.S. bankruptcy judge rejected California’s bid to delay the sale while the state appeals over privacy concerns related to the deal. …
POSTED JULY 09, 2025 5:00 AM |
People Moves: LP Insurance Services Names Rossi Executive Chairman, Cushard CEO and President
Rossi Named Executive Chairman, Cushard Named CEO and President at LP Insurance Services LLC LP Insurance Services LLC named Founder and CEO Nick Rossi as executive chairman. Rossi, who founded the company in 2010, will maintain a role supporting client …
POSTED JULY 09, 2025 5:00 AM |
Containment Increases on California Wildfire That Forced Evacuations
Firefighters are making progress on the biggest wildfire in California this year. Containment has increased on the Madre Fire to 35%. The wildfire on the central coast of California has burned 80,603 acres, prompting evacuation orders and closing part of …
POSTED JULY 08, 2025 1:54 PM |
The Venetian in Las Vegas Settles Religious Discrimination and Retaliation Suit
The Venetian Resort on the Las Vegas Strip must pay $850,000 and implement policy changes to settle a religious discrimination and retaliation lawsuit. The suit, filed by the U.S. Equal Employment Opportunity Commission, names the Venetian Las Vegas Gaming LLC …
POSTED JULY 08, 2025 5:00 AM |
Viewpoint: State Farm’s Wildfire Claims Response Is a Test of Trust and Preparedness
State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agents arriving with a smile and …
POSTED JULY 08, 2025 5:00 AM |
ICE Raids Derail Los Angeles Economy as Workers Go Into Hiding
Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscapers are abandoning …
POSTED JULY 07, 2025 2:55 PM |
California Wildfire Grows to Nearly 80,000 Acres, Forcing Evacuations
A wildfire on the central coast of California has grown to 84,080 acres, prompting evacuation orders and closing part of a highway. The Madre Fire, the biggest the state has seen this year, started on Wednesday and is burning in …
POSTED JULY 07, 2025 2:13 PM |
Study Examined Liability Insurance for Adult Family Homes in Washington
A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal of AFHs to …
POSTED JULY 07, 2025 5:00 AM |
People Moves: WCIRB Names Sanders Chief Customer Operations Officer
The Workers’ Compensation Insurance Rating Bureau of California named Eric Sanders senior vice president and chief customer operations officer. Sanders will oversee the WCIRB’s customer experience, marketing and communications, classification and test audit, contact center and human resources functions. Sanders …
POSTED JULY 07, 2025 5:00 AM |
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