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News Archives - Insurance Journal
How US-Israeli War on Iran Is Upending Global Business
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …
POSTED MARCH 09, 2026 4:31 PM |
People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams
Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years of experience in professional …
POSTED MARCH 09, 2026 4:00 PM |
Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes. Shareholders accused …
POSTED MARCH 09, 2026 3:58 PM |
Federal Appeals Court Denies Workers’ Compensation Claim for Cannabis Edibles
A construction worker who was permanently disabled on the job has been denied workers’ compensation coverage for cannabis-infused edibles prescribed by his doctor. The Second Circuit Court of Appeals has upheld the denial on the grounds that marijuana’s classification as …
POSTED MARCH 09, 2026 3:43 PM |
People Moves: AXA XL Taps QBE’s Weaver to Lead Energy, UK & Lloyd’s; Aon Re Names Attard Head of Analytics; BHSI Appoints AIG’s O’Broin for Transactional Liability
This edition of International People Moves details appointments at AXA XL, Aon Reinsurance, and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps QBE’s Weaver as Head of Energy, UK & Lloyd’s AXA …
POSTED MARCH 09, 2026 3:36 PM |
Tennessee’s The Plateau Group is Now Lumos Insurance
After 45 years under the name The Plateau Group, the Tennessee-based multi-line insurer now has a new name: Lumos Insurance. The rebranding is the culmination of a multi-year modernization effort on corporate governance and capitalization, the company said in a …
POSTED MARCH 09, 2026 3:18 PM |
Ohio AG Sues Contractor Accused of Scamming Residents
Ohio Attorney General Dave Yost last week filed a lawsuit against a contractor accused of soliciting Northeast Ohio residents for new roofs and siding replacement, only to ghost customers after accepting over $188,000 in payments. The lawsuit, filed on March …
POSTED MARCH 09, 2026 3:06 PM |
Miami Developer Indicted in Alleged $85M Fraud Scheme
A prominent Miami real estate developer could face years in prison after he was indicted last week on charges of leading a massive fraud scheme that allegedly diverted investor funding, deceived lenders and evaded taxes. Rishi Kapoor, 42, who until …
POSTED MARCH 09, 2026 1:55 PM |
State Farm’s 17% California Homeowners Rate Hike to Remain Under New Agreement
The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond the …
POSTED MARCH 09, 2026 1:47 PM |
Austin Shooting Response Raises Fresh Questions About Self-Driving Cars
A viral image from the March 1 shooting in downtown Austin — an autonomous vehicle blocking an ambulance from reaching the scene where a gunman fatally wounded three people and injured 15 others — has put a spotlight on driverless …
POSTED MARCH 09, 2026 1:40 PM |
West News Archives - Insurance Journal
Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes. Shareholders accused …
POSTED MARCH 09, 2026 3:58 PM |
State Farm’s 17% California Homeowners Rate Hike to Remain Under New Agreement
The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond the …
POSTED MARCH 09, 2026 1:47 PM |
People Moves: NFP Names Ross Head of Broking, West Region
NFP hired Michelle Ross as vice president, head of property/casualty broking, for its West region. Ross was previously NFP’s California broking leader. With more than three decades in the commercial insurance industry, Ross has partnered with mid-market businesses across Southern …
POSTED MARCH 09, 2026 5:00 AM |
Attorneys for Suspect in LA Wildfire Seek Release Based on New Evidence
Defense attorneys for the man accused of sparking the deadly Palisades Fire in Los Angeles held a news conference Thursday to call for his release from jail in light of new evidence they say shows he is not responsible for …
POSTED MARCH 06, 2026 11:51 PM |
New Mexico Jurors Heard From Zuckerberg in Meta Child Safety Trial
Jurors in a bellwether trial about the impacts of social media on children watched a deposition of Meta CEO Mark Zuckerberg on Wednesday that explored what the architects of Facebook and Instagram knew from internal research about the negative experiences …
POSTED MARCH 06, 2026 2:06 PM |
Wyoming Project Gets First Construction Permit for Nuclear Reactor in Years
The U.S. Nuclear Regulatory Commission on Wednesday approved its first construction permit for a commercial nuclear reactor in eight years, one that will allow a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming. TerraPower filed for the …
POSTED MARCH 06, 2026 1:59 PM |
xAI Loses Bid to Halt California AI Data Disclosure Law
Elon Musk’s artificial intelligence company xAI failed to convince a California federal court on Thursday to temporarily block the state’s law requiring companies to disclose information about the data they use to train AI models. U.S. District Judge Jesus Bernal …
POSTED MARCH 06, 2026 6:00 AM |
Insurance Issues Topped Complaints to Oregon Financial Regulator Last Year
Insurance issues were the most frequent complaint fielded by the Oregon Division of Financial Regulation last year. In the final quarter of 2025, the DFR received 935 insurance complaints, bringing the total of 3,700 insurance complaints for last year. Insurance …
POSTED MARCH 06, 2026 6:00 AM |
Meta Trial in New Mexico Highlights Video Depositions by Top Executives
Prosecutors began presenting never-before-seen video depositions of Meta executives at a trial in New Mexico on Tuesday to bolster accusations that the social media conglomerate failed to disclose what it knows about harmful effects to children on its platforms, including …
POSTED MARCH 05, 2026 4:58 PM |
‘Deadliest Catch’ Crewman Todd Meadows Dies After Falling Overboard
A deckhand on the reality television show “Deadliest Catch,” which documents the lives of crab fishermen working in one of the world’s harshest environments, died after he was reported to have fallen overboard, the U.S. Coast Guard said. The Coast …
POSTED MARCH 05, 2026 2:42 PM |
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