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News Archives - Insurance Journal
Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections
A former Lincoln Township, Michigan Police Department Detective Lieutenant has pled no contest to falsifying salvage vehicle inspections, announced Michigan Attorney General Dana Nessel. Johnathan Chase, 54, of Stevensville, pled to one count of Misconduct in Office and one count …
POSTED JULY 02, 2026 4:55 PM |
AM Best Revises Outlook to Positive for Louisiana Workers’ Compensation Corporation
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Louisiana Workers’ Compensation Corporation (LWCC), based in Baton …
POSTED JULY 02, 2026 4:49 PM |
Oklahoma-Based Homebuilder Sued for Pregnancy Discrimination
H.C. Employees, LLC doing business as Home Creations, a homebuilder operating in Oklahoma and Texas, violated federal law when it fired an employee because of her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced today. …
POSTED JULY 02, 2026 4:36 PM |
Texas Petrochemical Plants May Not be Ready for Fiercer Storms
Nearly two decades had passed since the storm. For many, the memory of what had happened on Goat Island had largely vanished into the Gulf of Mexico. Instead, what residents remembered that year were the piles of boats and cars …
POSTED JULY 02, 2026 4:30 PM |
People Moves: Alliant Hires Sorensen as EVP in Mergers & Acquisitions
Alliant Insurance Services has hired Justin Sorensen, ARM, as executive vice president within its mergers and acquisitions (M&A) vertical. Based in Chicago, Sorensen will deliver strategic risk and insurance solutions to a diverse, nationwide client base, drawing on his cross-disciplinary …
POSTED JULY 02, 2026 4:27 PM |
US Declines to Extend North American Trade Deal
The Trump administration on July 1 declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to restore manufacturing jobs and reduce U.S. trade deficits with its North …
POSTED JULY 02, 2026 3:35 PM |
Big Tech’s Carbon Emissions Spike With Runaway Growth of AI
The greenhouse gas emissions of Amazon.com Inc. and Alphabet Inc.’s Google spiked in 2025, pointing to a growing problem for the hyperscalers: reconciling their climate goals with the massive amount of energy required to power AI, much of it still …
POSTED JULY 02, 2026 3:16 PM |
Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers
Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in their respective market reports. “In the traditional property market, abundant reinsurer capacity continues …
POSTED JULY 02, 2026 3:16 PM |
New York City, Northeast Swelter in Hottest Day of the Year
New York City and the eastern US are set to swelter through the hottest day of the year so far, as a heat wave drives up power prices and strains electric grids. About 142.7 million people from Kansas to Maine …
POSTED JULY 02, 2026 3:02 PM |
Flood Re to Cut Insurance Payouts to Richest UK Households
The UK’s flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of multimillion-pound payouts, the government said Wednesday. As part of the changes, Flood Re will lower the premiums it charges …
POSTED JULY 02, 2026 1:07 PM |
West News Archives - Insurance Journal
DUAL North America Launches California Homeowners Product
DUAL North America launched a California Homeowners insurance product, expanding its U.S. personal lines offering. The product is written on an HO-3 form, backed by an A.M. Best ‘A’ rated carrier, and offers dwelling coverage limits of up to $5 …
POSTED JULY 02, 2026 5:00 AM |
Washington Farm Labor Contractor Fined $700,000 for Breaking Worker Protection Laws
A Washington farm labor contracting company faces nearly $700,000 in fines for labor violations. The Washington State Department of Labor & Industries cited Superbee Contracting LLC, of Moxee in Yakima County, with breaking six farmworker protection laws involving nearly 1,200 …
POSTED JULY 02, 2026 5:00 AM |
San Francisco Archdiocese Paying $395M to Settle Child Sex Abuse Lawsuits
The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, plaintiffs’ attorneys said Monday. San Francisco Archbishop Salvatore Cordileone will have to write an apology letter …
POSTED JULY 01, 2026 2:25 PM |
Airbnb Must Face LA Lawsuit Alleging Price Gouging During 2025 Wildfires
Airbnb must face a lawsuit by the city of Los Angeles, which accused the home rental company of price gouging during the January 2025 wildfires in southern California, City Attorney Hydee Feldstein Soto said on Tuesday. Judge Robert Broadbelt of …
POSTED JULY 01, 2026 5:00 AM |
California Government Launches AI Job Loss Tracker as Layoff Fears Grow
California launched a tool designed to serve as an “early warning system” for widespread AI-driven job loss. The tool, called the California AI-Unemployment Tracker, links multiple measures of an occupation’s AI exposure to the state’s monthly unemployment insurance claims data …
POSTED JULY 01, 2026 5:00 AM |
3 Firefighters Killed in Colorado as Wildfires Stoked By Heat, Wind Rage Across West
Blistering heat and strong winds Sunday stoked wildfires across the West after three firefighters were killed a day earlier in Colorado while battling a blaze along the state’s border with Utah. The National Weather Service said wildfire conditions “remain critical” …
POSTED JUNE 30, 2026 5:00 AM |
LA Palisades Fire Jury Fails to Reach Verdict in Arson Trial
A federal jury failed to reach a verdict in the arson case over the most destructive wildfire in Los Angeles history. U.S. District Judge Anne Hwang declared a mistrial after jurors told her Friday they were divided and unable to …
POSTED JUNE 30, 2026 5:00 AM |
Uber and Waymo End Robotaxi Deal in Phoenix; Uber to Announce New Partner
Uber Technologies Inc. said it has wound down its robotaxi offering with Alphabet Inc.’s Waymo in Phoenix, the latest relationship twist between two companies that simultaneously function as partners and competitors. The Arizona capital was the first market where Waymo …
POSTED JUNE 30, 2026 5:00 AM |
Four Washington Restaurants Must Pay $750K in Wages, Damages to Workers
Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
POSTED JUNE 29, 2026 5:00 AM |
People Moves: Venbrook Names Ward CFO; Lesmann Joins Crest as Broker; Alliant Adds Lundquist to Benefits Team
Ward Joins Venbrook as CFO Venbrook Group LLC named Kenneth W. Ward chief financial officer. Ward specializes in operational efficiency, cost-cutting initiatives and growth. He has worked across a variety of industries and most recently held the CFO role at …
POSTED JUNE 29, 2026 5:00 AM |
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