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News Archives - Insurance Journal
Commercial Lines Rates Continue to Soften, Says Ivans Index
Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index. “Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the …
POSTED APRIL 27, 2026 5:12 AM |
Trend of Fewer Insurance M&A Deals ‘Bottoming Out’: OPTIS
Insurance agency mergers & acquisitions in the first three months of 2026 were down 6% compared with the same period last year. It was the 10th consecutive quarter of deal volume below the long-term trend line but, investment banking and …
POSTED APRIL 27, 2026 5:12 AM |
South Carolina Senate Votes to Suspend $1M Liquor Liability Insurance Requirement
Eight years after South Carolina lawmakers forced a $1 million liquor liability insurance requirement on bars and restaurants, and one year after they tweaked the law with conditional coverage requirements, the state Senate is trying again. Senators voted last week …
POSTED APRIL 27, 2026 5:01 AM |
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers
A former ransomware negotiator has pleaded guilty to charges he helped a ransomware group extort tens of millions of dollars from companies. Angelo Martino, 41, of Land O’Lakes, Florida, worked for a cyber incident response company as a ransomware negotiator …
POSTED APRIL 27, 2026 5:01 AM |
Tornado Tears Through Oklahoma Town, Damaging 40 Homes
Raeann Hunt scrambled to her cellar as a tornado bore down on her Oklahoma community. “It is headed right for us,” she recalled thinking, as she peeked outside, unable to contain her curiosity. Huddled inside the dark 8-by-8 foot (2.44-by-2.44 …
POSTED APRIL 27, 2026 5:00 AM |
CFTC Sues New York to Block Oversight of Prediction Markets
The U.S. Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O of promoting gambling. In a complaint …
POSTED APRIL 27, 2026 5:00 AM |
Water to Surge into Drought-Depleted Lake Powell But at Costs Elsewhere
Canyons in eastern Utah will churn this spring with huge volumes of water—as much as 50,000 toilets flushing constantly at the same time—in a desperate attempt to maintain electricity generation for thousands of homes across much of the Western U.S. …
POSTED APRIL 27, 2026 5:00 AM |
People Moves: Alliant Appoints Cusack as President, Alliant Property & Casualty
Alliant Insurance Services named Michael J. Cusack president of Alliant Property & Casualty. Cusack previously served as head of Alliant Specialty, responsible for overseeing 16 industry verticals and expanding Alliant’s specialty business across the U.S. Cusack has more than 35 …
POSTED APRIL 27, 2026 5:00 AM |
Maine Governor Blocks First State Freeze on New Data Centers
The Democratic governor of Maine, Janet Mills, on Friday vetoed a bill that would have made it the first U.S. state to impose a moratorium on large new data centers, even as local opposition to the electricity-hungry facilities grows. The …
POSTED APRIL 26, 2026 6:30 PM |
Massive Ice Sheets Threaten Homes in Northern Michigan
Large chunks of ice rammed into homes along Michigan’s Black Lake in the northeastern Lower Peninsula as constant spring rainfall and winter melt left many homes flooded and threatened to overflow stressed dam systems. Photos and video posted to social …
POSTED APRIL 24, 2026 4:52 PM |
West News Archives - Insurance Journal
Water to Surge into Drought-Depleted Lake Powell But at Costs Elsewhere
Canyons in eastern Utah will churn this spring with huge volumes of water—as much as 50,000 toilets flushing constantly at the same time—in a desperate attempt to maintain electricity generation for thousands of homes across much of the Western U.S. …
POSTED APRIL 27, 2026 5:00 AM |
People Moves: Alliant Appoints Cusack as President, Alliant Property & Casualty
Alliant Insurance Services named Michael J. Cusack president of Alliant Property & Casualty. Cusack previously served as head of Alliant Specialty, responsible for overseeing 16 industry verticals and expanding Alliant’s specialty business across the U.S. Cusack has more than 35 …
POSTED APRIL 27, 2026 5:00 AM |
Trump Says He’ll Probe Banks Over Response to LA Wildfires
President Donald Trump said he would look into the actions of banks in their response to last year’s devastating Los Angeles wildfires following a meeting with that city’s mayor, Karen Bass. Trump said he met with Bass and other officials …
POSTED APRIL 24, 2026 1:27 PM |
As Planet Warms, IBHS Tests Homes to Find Best Protection From Wildfires
RICHBURG, S.C. (AP) — It took less than three minutes for wind-whipped flames to go from licking the side of the house to shattering a window and working under the eaves to burn everything inside. Weeks later, another house in …
POSTED APRIL 24, 2026 5:02 AM |
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’
The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state’s “insurance crisis,” which took …
POSTED APRIL 23, 2026 9:52 PM |
Amwins Partnering With Vivere on California FAIR Plan Wrap Product
Amwins and Vivere have partnered to launch a California FAIR Plan Wrap product. Developed by Vivere and distributed through Amwins, the product offers comprehensive coverage and fast quotes to the entire portfolios of California FAIR plan insureds, including commercial and …
POSTED APRIL 23, 2026 6:30 PM |
Roblox Settles With Three States For $35.8 Million Over Child Safety
Roblox Corp. has reached settlements with attorneys general in three states over child-safety protections. As part of the deals, the video game company pledged to curb dangerous interactions on its platform, according to statements from the offices of the attorneys …
POSTED APRIL 23, 2026 5:02 AM |
Man Pleads Guilty in Crash That Killed Sheriff’s Recruit, Injuring 25 Others in California
A California man pleaded guilty to a wrong-way crash that killed a sheriff’s recruit and injured more than two dozen other recruits. Nicholas Gutierrez, 25, pleaded guilty this week to a fatal wrong-way crash that resulted in the death of …
POSTED APRIL 23, 2026 5:00 AM |
California Wildfire Risk Bills Cruising Through Legislature
Two bills that are getting bipartisan support aimed at reducing wildfire risk in California are quickly making their way through state Legislature. Senate Bill 894 and Senate Bill 1297, which both address wildfire risk reduction in the state, passed through …
POSTED APRIL 23, 2026 5:00 AM |
California Attorney General Suing Over CEQA Violations Involving Ancestral Remains
California Attorney General Rob Bonta is suing the City of Poway alleging it violated the California Environmental Quality Act by failing to respond to discoveries of burials of ancestral human remains and cultural resources during the construction of a luxury …
POSTED APRIL 22, 2026 3:36 PM |
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