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News Archives - Insurance Journal
Iran Has Likely Begun Laying Mines in Hormuz, UK Minister Says
It’s becoming increasingly evident that Iran is laying mines in the Strait of Hormuz, according to the UK, as Iran’s new supreme leader used his first comments to the media to say the critical waterway should stay closed. “The reports …
POSTED MARCH 12, 2026 4:16 PM |
Lilly Flags Safety Risk in Compounded Zepbound Mixed With Vitamin B12
Eli Lilly & Co. warned that the active ingredient in its weight-loss blockbuster Zepbound could pose a risk to patients when mixed with vitamin B12, a combination sold by US drug compounders. Lilly tested compounded products and found “significant levels …
POSTED MARCH 12, 2026 3:14 PM |
NC Insurance Agent Posts Statement After Arrest on Embezzlement Charges
A North Carolina insurance agent is out on bond, awaiting court action, after he was charged with diverting premium payments from four automobile dealerships. Jeffrey Martin Webster, of Jamestown, North Carolina, was charged with 18 counts, including forgery and embezzlement …
POSTED MARCH 12, 2026 2:49 PM |
Markets/Coverages: Marsh Risk, Apollo Develop Insurance Facility for Uber
Marsh Risk, a business of Marsh, and specialty insurer Apollo’s ibott division announced the launch of an insurance facility for Uber. According to the companies, the facility is the first of its kind and will “accelerate the deployment of autonomous …
POSTED MARCH 12, 2026 2:13 PM |
Coast Guard Rescues 3 Fishermen Whose Ship Sank in Maine’s Boothbay Harbor
The U.S. Coast Guard rescued three people from the water approximately 23 miles south of Boothbay Harbor in Maine on Wednesday morning. The Coast Guard Station Boothbay Harbor crew reported they located the vessel at 9:01 a.m. and rescued three …
POSTED MARCH 12, 2026 1:58 PM |
Mississippi Jury Acquits Engineer Charged With Lying About 2017 Plane Crash
A jury has acquitted a former engineer overseeing military aircraft maintenance of charges of making false statements and obstructing justice during the criminal investigation of a 2017 military plane crash in Mississippi that killed all 16 service members aboard. James …
POSTED MARCH 12, 2026 1:49 PM |
WTW: US Commercial Insurance Rates Moderate to 2.9% in Q4 2025
U.S. commercial insurance rates increased 2.9% in the fourth quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing continued to moderate in the fourth quarter, reflecting a more stable market,” said Yi …
POSTED MARCH 12, 2026 1:32 PM |
World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says
The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a …
POSTED MARCH 12, 2026 12:13 PM |
Officials Declare Barge Fire in Delaware Bay Under Control
The U.S. Coast Guard and the states of Delaware and New Jersey on Wednesday declared the barge fire in Delaware Bay under control. No injuries were reported for the incident. The barge was carrying salvage metal at the time of …
POSTED MARCH 12, 2026 12:10 PM |
People Moves: Andover Cos. Names Nadeau, Duchette; Plymouth Rock Appoints Seaborn
The Andover Companies Names Nadeau SVP and CUO, Duchette SVP and CUO The Andover Companies, headquartered in Andover, Massachusetts, appointed Paul Nadeau as senior executive vice president and chief operating officer and Patrick Duchette as senior vice president and chief …
POSTED MARCH 12, 2026 12:06 PM |
West News Archives - Insurance Journal
Once a Beacon of Cheap Homes, Nevada Is a Symbol of the Struggle With High Costs
When his parents were about his age, they bought their first home. But for 27-year-old Brian Torres Suazo, that milestone feels like a distant dream, despite a secure job with union wages and down payment assistance. Torres Suazo expects to …
POSTED MARCH 12, 2026 5:00 AM |
Vouch in California Adds Financial, Health & Life Sciences and Professional Services
Vouch is expanding its brokerage services into financial services, health & life sciences and professional services. The San Francisco, California-based company is extending its capabilities to verticals with similar risk patterns it already serves: investor scrutiny, regulatory requirements and coverage …
POSTED MARCH 12, 2026 5:00 AM |
Millionaire Tax Advances in Washington State as Legal Duel Looms
Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight over a nearly century-old legal ruling. The state’s Democratic-controlled House of Representatives …
POSTED MARCH 12, 2026 5:00 AM |
Record March Heat to Scorch Los Angeles, US Southwest
An unusually early heat wave is set to grip Los Angeles and much of the Southwest, putting California’s already fragile snowpack, and therefore its water supplies, at risk. Temperatures in downtown Los Angeles on Friday are forecast to reach 98F …
POSTED MARCH 11, 2026 3:38 PM |
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub
If all goes according to plan for the nation’s second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers the sun and …
POSTED MARCH 11, 2026 2:31 PM |
California DMV Renewed His License After Crash Killed a Child – Then Hid His Records
Placer County prosecutors wanted any information the California Department of Motor Vehicles had on Kostas Linardos, who drove a three-ton pickup truck at high speed into the back of a sedan in late 2022, killing a toddler. The district attorney’s …
POSTED MARCH 11, 2026 5:00 AM |
A-MAX Insurance Acquires Best Buy Insurance in Arizona
A-MAX Insurance acquired Best Buy Insurance, an Arizona-based agency. The deal marks A-MAX’s first physical expansion into the Arizona market. Best Buy Insurance was established in 1996. A-MAX operates more than 200 locations nationwide, providing access to non-standard and standard …
POSTED MARCH 11, 2026 5:00 AM |
Amazon’s Zoox to Launch Command Hub in Arizona, Expand Testing
Amazon’s robotaxi unit Zoox is expanding testing to Dallas and Phoenix and launching a command hub for fleet operations in Arizona, as it looks to widen its footprint in the U.S.’s increasingly competitive autonomous taxi market. The move will expand …
POSTED MARCH 10, 2026 5:00 AM |
Arthur J. Gallagher Acquires S Philips Surety & Insurance Services in California
Risk Placement Services Inc. acquired Agoura Hills, California-based S Philips Surety & Insurance Services Inc. The S Philips team will remain in its current location under the direction of Jeremy Crawford, head of RPS’s surety bond operations. S Philips provides …
POSTED MARCH 10, 2026 5:00 AM |
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 |
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