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News Archives - Insurance Journal
AM Best Downgrades Financial Rating of Illinois’ Prime Insurance
AM Best has downgraded the Financial Strength Rating to B (Fair) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “a-” (Excellent) of Prime Insurance Company based in Chicago, Illinois. Concurrently, AM Best has maintained the …
POSTED AUGUST 31, 2026 4:47 PM |
American Airlines to Pay $200K for Discrimination Against Worker With Blindness
American Airlines will pay $200,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’S lawsuit, American Airlines failed to provide a reasonable accommodation to an employee …
POSTED AUGUST 31, 2026 4:35 PM |
Sentry’s Dairyland to Return $30 Million to Florida Auto Insureds
Auto insurer Dairyland announced that it will return $30 million in savings to eligible Florida private passenger automobile policyholders through a one-time dividend. The insurer is crediting legal system changes signed into law in 2023 and “improved market stability” for …
POSTED AUGUST 31, 2026 3:54 PM |
KKR Scores Windfall in $17 Billion Sale of USI Insurance
KKR & Co. is set to reap a $3.3 billion windfall from its deal to sell USI Insurance Services to Aon Plc for $17 billion, a significant exit for a unit that’s invested its balance sheet in long-term private equity …
POSTED AUGUST 31, 2026 2:05 PM |
Wildfire Risks in California and Oregon Worsened by Strong Winds
Northern California and southern Oregon are under red flag fire warnings, as the threat posed by tinderbox conditions is compounded by strong winds. National Weather Service warnings are in place from noon to 8 p.m. local time, while the U.S. …
POSTED AUGUST 31, 2026 1:44 PM |
US Expanding Long-Range Commercial Drone Testing Program
The US government is expanding a program for testing out drones in real-world scenarios, focusing on more advanced use cases involving larger unmanned systems, higher altitudes and longer distances. The Transportation Department and Federal Aviation Administration said Aug. 27 that …
POSTED AUGUST 31, 2026 1:17 PM |
Poland Probing if Fire at Drone Facility Is an Act of Terror
Poland opened an official investigation into whether a fire at a facility belonging to the country’s largest drone producer WB Electronics SA was an act of terror carried out by foreign spies. The fire at the facility, which produces drone …
POSTED AUGUST 31, 2026 1:04 PM |
Trump Loses Bid to Move NY Hush Money Case to Federal Court
Donald Trump lost another bid to move a challenge to his New York criminal fraud conviction to a federal court as a judge said that payments to an adult film star don’t constitute an official act that would be covered …
POSTED AUGUST 31, 2026 12:46 PM |
FTC Probing YouTube Over Social Media Policies
The US Federal Trade Commission has been investigating whether Alphabet Inc.’s YouTube violated consumer protection laws when it suspended the accounts of users, according to people familiar with the probe. The antitrust and consumer protection agency has been probing YouTube …
POSTED AUGUST 31, 2026 12:44 PM |
Brightline Lands $350 Million Assured Loan in Case of Bankruptcy
Brightline has reached a deal with municipal-bond insurer Assured Guaranty Ltd. that would provide the debt-laden Florida railroad with at least $350 million in new loans if it heads into Chapter 11 bankruptcy, according to people familiar with the matter. …
POSTED AUGUST 31, 2026 12:35 PM |
West News Archives - Insurance Journal
Wildfire Risks in California and Oregon Worsened by Strong Winds
Northern California and southern Oregon are under red flag fire warnings, as the threat posed by tinderbox conditions is compounded by strong winds. National Weather Service warnings are in place from noon to 8 p.m. local time, while the U.S. …
POSTED AUGUST 31, 2026 1:44 PM |
Oregon Regulators Extend Wildfire Emergency Orders to Pause Insurance Cancellations
The Oregon Division of Financial Regulation is extending its order for insurers to suspend cancellations and nonrenewals for residents impacted by wildfires. The DFR issued a wildfire emergency order and bulletin in late July that was to expire. However, DFR …
POSTED AUGUST 31, 2026 5:00 AM |
LA Fire Zone Set to Get $3 Million Homes Funded by Muni Bonds
More than a year after wildfires devastated Pacific Palisades, a nonprofit is advancing a plan to tap the public debt market to create housing in the slow-to-recover Los Angeles wealthy enclave. Uplifters Foundation plans to build new $3 million houses …
POSTED AUGUST 28, 2026 5:00 AM |
Mercury Insurance Founder Joseph Dies at Age 104
George Joseph, who founded Mercury General Corp. nearly 65 years ago, has died at age 104, the company announced this week. Joseph served as chairman from the company’s founding and led Mercury as CEO for 45 years, ending his time …
POSTED AUGUST 27, 2026 5:14 PM |
Hawaii Insurance Division Issues Memo to Insurers for Lala Claims
The Hawaii Insurance Division issued a memo to insurers this week stating it expects them to handle claims from Tropical Storm and Hurricane Lala “promptly, fairly,” and in accordance with state law insurance contracts. The memo on Wednesday from Insurance …
POSTED AUGUST 27, 2026 1:44 PM |
Western Wildland Firefighters Warned About Supplement for Smoke Exposure
Fire and medical officials have issued warnings about a supplement offered to Western wildland firefighters who have been exposed to toxic chemicals while battling some of the country’s biggest blazes. The supplement glutathione, given through an IV or an inhaler-like …
POSTED AUGUST 27, 2026 5:00 AM |
People Moves: Ellis Joins Alliant Denver Employee Benefits Team
Alliant Insurance Services added Rebecca Ellis as assistant vice president within its employee benefits group in the Rocky Mountain region. Ellis will partner with employers throughout the Western region to develop strategic employee benefits and total rewards programs. Ellis’ background …
POSTED AUGUST 27, 2026 5:00 AM |
Plane Crashed on Second Attempt to Land in Heavy Fog in Alaska, Killing 8, Officials Say
A plane that crashed at a remote military site in western Alaska, killing all eight people on board, had been making its second runway approach in heavy fog when it lost contact, authorities said. The Cessna’s two pilots could not …
POSTED AUGUST 26, 2026 1:42 PM |
Agents Alliance Opposes California FAIR Plan Commission Reductions
The American Agents Alliance is coming out against commission reductions announced by the California FAIR Plan that will lower compensation for independent insurance brokers. The FAIR Plan is reducing commissions from 10% to 7% on affected new business beginning October …
POSTED AUGUST 26, 2026 5:00 AM |
California Lawmakers to Oppose Limits on Insurance Fire Claims
California lawmakers are lining up against Gov. Gavin Newsom’s push to rewrite how the state assigns financial responsibility for wildfires sparked by equipment owned by publicly traded utilities. A plan backed by Democrats in the state Senate wouldn’t limit insurers …
POSTED AUGUST 26, 2026 5:00 AM |
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