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News Archives - Insurance Journal
Where Have all the Atlantic Hurricanes Gone?
The Atlantic is quiet — record quiet — this hurricane season thanks to an enormous El Nino that crushes storms before they get going. No Atlantic hurricanes have formed yet this year and none are likely to form for at …
POSTED SEPTEMBER 14, 2026 3:37 PM |
NYC Dealing With South Bronx Legionnaires’ Disease Outbreak
The New York City Health Department on September 13 ordered 10 cooling towers in the South Bronx to be cleaned and disinfected as the city continued its investigation into the latest community cluster of Legionnaires’ disease. As of September 12, …
POSTED SEPTEMBER 14, 2026 3:20 PM |
Race is on in North Carolina to Restore Critical Peatland Before it is Gone
The birds are up with the sunrise — warblers, flycatchers, sparrows and towhees calling across the treetops. Deer browse on tender buds emerging from dense shrubs. Black bears scrounge for roots, insects and other edibles. It’s an idyllic setting in …
POSTED SEPTEMBER 14, 2026 2:59 PM |
Chemours, DuPont, Corteva Settle NC ‘Forever Chemicals’ Claims for $455 Million
Chemours, DuPont and Corteva have reached a $455 million settlement with North Carolina and 11 local entities over PFAS contamination claims tied to Chemours’ Fayetteville Works plant and other historical discharges. Lawsuits accusing major chemical companies of polluting U.S. drinking …
POSTED SEPTEMBER 14, 2026 2:50 PM |
Lawmakers Call on Government to Blacklist Three Indian Hack-for-Hire Firms
Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as “more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them.” In a …
POSTED SEPTEMBER 14, 2026 2:36 PM |
Bamboo Insurance in Utah Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
What If Employer’s Hidden Identity Causes Workers’ Comp Claim to Be Filed Late?
A late-filed workers’ compensation claim can be considered valid where the lateness is due to the identity of the claimant’s employer being concealed from her. The Virginia Workers’ Compensation Commission (VWCC) has upheld a deputy commissioner’s ruling that found an …
POSTED SEPTEMBER 14, 2026 1:56 PM |
Baldwin Group to Go Private After $7.7B Investment Deal
Insurance brokerage The Baldwin Group, Inc. said today it has entered a definitive agreement resulting in becoming a privately held company. An entity formed by Sequence Holdings and DFO Management is to pay an all-cash sum of $7.7 billion to …
POSTED SEPTEMBER 14, 2026 1:31 PM |
Warren Presses Insurance Watchdogs for Answers on Wall Street Influence
US Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory …
POSTED SEPTEMBER 14, 2026 1:00 PM |
Mizuho $100M Credit to Radiant World Secured by Allegedly Invalid Invoices: Documents
Mizuho Bank provided some $100 million in credit to Radiant World in June which was secured by invoices that a counterparty to the iron ore trader later said were invalid, according to documents and a source with direct knowledge of …
POSTED SEPTEMBER 14, 2026 12:23 PM |
West News Archives - Insurance Journal
Bamboo Insurance in Utah Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Arizona Accuses L’Oreal of Concealing Cancer Risks Linked to Hair Relaxers
Arizona has sued L’Oreal SA and its U.S. subsidiary, alleging the cosmetics company hid evidence that its hair relaxer products could cause cancer in women, as it faces thousands of similar lawsuits from users and their families. Arizona Attorney General …
POSTED SEPTEMBER 14, 2026 5:00 AM |
Northern California Braces for Power Shutoffs Amid Fire Risk
Nearly a dozen counties in Northern California face an elevated risk of power shutoffs this weekend as extreme heat and high winds boost wildfire conditions across the region. PG&E Corp., which serves more than 5.5 million electric customers in northern …
POSTED SEPTEMBER 11, 2026 1:21 PM |
People Moves: Burns & Wilcox Adds New West Coast Associate Managing Directors
Burns & Wilcox, headquartered in Famington Hills, Michigan, hired Winston Rendall and Sandra Shambaugh as associate managing directors for the West region. Rendall comes to Burns & Wilcox with 10 years of experience. Most recently, he was vice president of …
POSTED SEPTEMBER 11, 2026 5:00 AM |
Oregon Proposes 2.1% Increase in Pure Premium Workers’ Comp Rates for 2027
Oregon employers will pay 92 cents per $100 of payroll for workers’ compensation coverage on average in 2027, a rate that would be the second lowest on record. A proposal from the Oregon Department of Consumer and Business Services calls …
POSTED SEPTEMBER 10, 2026 3:05 PM |
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California
For the first time in three years, capacity is returning to the California homeowners insurance market. The clearest evidence is in the residual market. In the second quarter, the California FAIR Plan added roughly 12,000 residential policies, the fifth consecutive …
POSTED SEPTEMBER 10, 2026 5:00 AM |
Intense Los Angeles Heat to Send State’s Power Demand Soaring
California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through …
POSTED SEPTEMBER 09, 2026 5:00 AM |
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
POSTED SEPTEMBER 08, 2026 7:06 PM |
Hurricane Lowell Brings Heavy Rains as It Passes West of Hawaii
Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as …
POSTED SEPTEMBER 08, 2026 1:57 PM |
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