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News Archives - Insurance Journal
World Insurance Acquires New Jersey’s Pellechio Family Agency
World Insurance Associates announced it acquired the business of Pellechio Family Agency of Parsippany, New Jersey on May 1, 2026. The Pellechio agency was founded in 2107. It offers commercial and personal insurance. Terms of the transaction were not disclosed. …
POSTED SEPTEMBER 03, 2026 7:30 PM |
Business Moves: Oneglobal Broking Acquires LATAM Reinsurance Brokers
Oneglobal Broking, the London-based international insurance and reinsurance broker, has acquired LATAM Reinsurance Brokers Corp., an independent reinsurance broker headquartered in Panama City, Panama. Financial details of the deal were not disclosed. The acquisition marks a further milestone in Oneglobal’s …
POSTED SEPTEMBER 03, 2026 4:29 PM |
People Moves: Pharmacists Mutual Names Shaw as VP and Head of Claims
Pharmacists Mutual Insurance Group announces that Sharon Duez Shaw has been named Vice President and Head of Claims. Shaw joined the organization on August 31, 2026, as part of a planned leadership transition from Peter Lambert, Senior Vice President, who …
POSTED SEPTEMBER 03, 2026 4:18 PM |
Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery
In late 2024, Elon Musk took the stage on a Hollywood studio lot to unveil the Cybercab, a vehicle with no steering wheel or foot pedals that he promised would revolutionize car travel across the country. Almost two years later, …
POSTED SEPTEMBER 03, 2026 4:15 PM |
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
Lockton Insurance is among companies named in the NBA’s investigation into the Los Angeles Clippers’ circumvention of league salary cap rules to sign star Kawhi Leonard. Leonard and his then-business partner, Dennis Robertson, violated the league’s circumvention rules by pressuring …
POSTED SEPTEMBER 03, 2026 3:43 PM |
Santam Drops US Investment as Property-Rate Dip Damps Outlook
Santam Ltd. has paused its foray into the US as a decline in property premium rates in the world’s biggest economy forced South Africa’s largest general insurer to rethink its expansion plan. It discontinued investments into Avatar Holdings, a London-based …
POSTED SEPTEMBER 03, 2026 3:13 PM |
Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files
A unit of Thomson Reuters detected a cybersecurity incident in 11 U.S. states, the U.S. Virgin Islands and Canada on June 30 involving the company’s C-Track case management platform, according to a notice from the company on Wednesday and a …
POSTED SEPTEMBER 03, 2026 2:52 PM |
Trump Says Iran Strikes to Be Short, Asserts Hormuz Control
President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim that the US controls the crucial Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war. Asked on Wednesday …
POSTED SEPTEMBER 03, 2026 2:23 PM |
Floridians Saved Almost $3B on HO and Auto Premiums Last Year, Actuarial Report Finds
Average homeowner insurance rates in Florida did not decline in 2025, but they increased less than 1%, down sharply from the double-digit average increases seen in 2022 and 2023. And auto insurance rates in the state did fall—by 4.1% last …
POSTED SEPTEMBER 03, 2026 1:55 PM |
Berkshire CEO Abel Says AI to Help Power Growth
Berkshire Hathaway CEO Greg Abel said on Wednesday he sees significant opportunities for the conglomerate from the buildout of AI data centers, after Berkshire made Alphabet its third-largest common stock holding. Abel separately said American consumers remain under stress from …
POSTED SEPTEMBER 03, 2026 1:48 PM |
West News Archives - Insurance Journal
Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress
A judge in Washington on Wednesday blocked the U.S. Environmental Protection Agency from sending landmark California vehicle emissions rules for a potential repeal to the Republican-controlled Congress. The four waivers sent by the EPA to Congress for review granted California …
POSTED SEPTEMBER 03, 2026 1:37 PM |
Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
Insurance continued to be the biggest generator of complaints to the Oregon Division of Financial Regulation, according to the division, which reported it recovered $3.88 million through the first six months of 2026. Insurance produced the majority of complaints filed …
POSTED SEPTEMBER 03, 2026 5:00 AM |
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill
PG&E Corp. plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect …
POSTED SEPTEMBER 02, 2026 1:46 PM |
California Lawmakers Adjourn Without Voting on Wildfire Bill
The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol. Major …
POSTED SEPTEMBER 02, 2026 5:00 AM |
Report: Medical Service Costs in California Comp Rising With Payments, Utilization
Medical service costs in California workers’ compensation rose 5% last year on the back of growth in both average payments and utilization, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its Medical Service Cost Trends …
POSTED SEPTEMBER 02, 2026 5:00 AM |
Crest Acquiring Tegeler & Associates in Wyoming
Crest Insurance Group is acquiring Tegeler & Associates in Pinedale, Wyoming. Tegeler & Associates was founded in 1943 and acquired by the Tegeler family in the 1970s. The agency has 14 locations throughout Wyoming and provides insurance services for individuals, …
POSTED SEPTEMBER 01, 2026 5:00 AM |
State Farm Sued by LA County for Delays, Denials to Fire Victims
Los Angeles County sued State Farm, California’s largest home insurer, for alleged delays, denials and underpayments of property damage claims filed by victims of the massive January 2025 wildfires. Monday’s lawsuit, following a county investigation, alleges State Farm withheld money …
POSTED SEPTEMBER 01, 2026 5:00 AM |
California Lawmakers File Wildfire Plan, Without Newsom Asks
California legislators introduced a bill Saturday that would update the state’s wildfire response without shifting liability away from publicly traded utilities. The move comes after extended negotiations with Gov. Gavin Newsom’s administration, which had been advocating for measures that would …
POSTED SEPTEMBER 01, 2026 5:00 AM |
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 |
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