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AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
American International Group (AIG) said it has teamed up with specialty insurer Amwins and asset manager Blackstone to launch a Lloyd’s syndicate, using its relationship with Palantir to assist in assessing the portfolio. AIG said Syndicate 2479 will start underwriting …
POSTED DECEMBER 19, 2025 1:31 AM |
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather
Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather. The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, …
POSTED DECEMBER 18, 2025 4:51 PM |
Vantage Group to Be Acquired by Ackman-Backed Howard Hughes Holdings for $2.1B
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The Vantage deal, which is expected to close in the second quarter …
POSTED DECEMBER 18, 2025 4:44 PM |
Former National General Loss Rep and Mom Charged With Fake Claims Scam
A former loss representative for National General Insurance Co. and his mother allegedly ran a scheme in 2022 that involved false claims, a fake towing company and a $141,000 loss for the insurer. Horace Kelly, 40, and his mom, Greta …
POSTED DECEMBER 18, 2025 4:39 PM |
Iowa AG Sues Roblox for Allegedly Failing to Protect Kids on Gaming Platform
Attorney General Brenna Bird announced she has sued the online gaming company Roblox for allegedly failing to take necessary steps to protect Iowa kids from sexual exploitation, facilitating distribution of child sex abuse material, and failing to warn Iowa parents …
POSTED DECEMBER 18, 2025 3:50 PM |
Munich Re Offers Geothermal Risk Insurance in State-Backed Drive
Insurer Munich Re and Germany’s KfW Development Bank are introducing a state-backed program to mitigate the financial risk of geothermal drilling and encourage exploration for the renewable heat and power source. Geothermal power is an abundant energy source that can …
POSTED DECEMBER 18, 2025 3:32 PM |
Woman Charged After Razor Blades Found in Bread at 2 Mississippi Walmarts
A woman who allegedly pushed razor blades into loaves of bread at two Biloxi, Mississippi, Walmart stores was arrested on Tuesday. Camille Benson, 33, of Texas, has been charged with attempted mayhem. Her bond is set at $100,000. Harrison County …
POSTED DECEMBER 18, 2025 3:32 PM |
People Moves: Markel Int’l Taps AXIS’ Howell as Senior War and Terrorism Underwriter; Tokio Marine Kiln Appoints Jackson From Liberty as Cyber Underwriter
This edition of International People Moves details appointments at Markel Insurance and Tokio Marine Kiln. A summary of these new hires follows here. Markel Int’l Taps AXIS’ Howell as Senior War and Terrorism Underwriter Markel Insurance, the insurance operation within …
POSTED DECEMBER 18, 2025 3:19 PM |
Plans for Attack in New Orleans Thwarted, Feds Say
Plans to “carry out an attack” in New Orleans were thwarted after an ex-Marine was arrested while on the way to the Louisiana city with guns and body armor in the car, according to court documents obtained Tuesday by The …
POSTED DECEMBER 18, 2025 3:16 PM |
TDI’s Walker Wins NAIC Robert Dineen Award for Outstanding Service
Texas Department of Insurance (TDI) Deputy Commissioner Jamie Walker won this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). NAIC President Jon Godfread said, “Walker’s career reflects remarkable …
POSTED DECEMBER 18, 2025 3:06 PM |
West News Archives - Insurance Journal
Lawyers Clash Over Angels’ Alleged Role in Skaggs’ Overdose Death
A lawyer for the family of late pitcher Tyler Skaggs argued that the Los Angeles Angels’ failure to investigate reports of drug use and dealing by the team’s communications director led to the overdose death of the 27-year-old player. An …
POSTED DECEMBER 18, 2025 6:00 AM |
Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance
The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not …
POSTED DECEMBER 17, 2025 7:00 PM |
Pacific Northwest Gets Brief Break Before Storms Return Thursday
Rain will ease Wednesday across the Pacific Northwest after floods and winds left at least 600,000 without power, forced hundreds of people in Washington to flee their homes and killed at least one person. The respite is expected to be …
POSTED DECEMBER 17, 2025 2:44 PM |
California Regulator Puts Tesla Sales Suspension Order on Hold
A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities. The Department of Motor Vehicles …
POSTED DECEMBER 17, 2025 1:48 PM |
Washington Commish Tells Insurers to Give Relief on Payments, Cancellations
Washington Insurance Commissioner Patty Kuderer issued an emergency order that includes asking insurers in the state to provide grace periods for premium payments and a cancelation moratorium. The order was drafted to provide relief to Washington policyholders after the recent …
POSTED DECEMBER 17, 2025 6:00 AM |
Denver, Rockies Face Power Shutoffs as Winds Boost Fire Risk
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …
POSTED DECEMBER 16, 2025 6:52 PM |
World Insurance Associates Acquires SilverLeaf Insurance in Arizona
World Insurance Associates LLC acquired the business of SilverLeaf Insurance Group in Scottsdale, Arizona. SilverLeaf was established in 2009. It offers business, health, life and personal insurance lines to clients in multiple states across the nation. World Insurance Associates is …
POSTED DECEMBER 16, 2025 6:28 PM |
Angels President Wished He’d Known About Drug Use Before Pitcher’s Fatal Overdose
The president of the Los Angeles Angels baseball team testified in a wrongful death lawsuit that the fatal overdose of pitcher Tyler Skaggs was tough for the club and he wished he had known sooner about drug use by the …
POSTED DECEMBER 16, 2025 6:00 AM |
Washington Commissioner Issues Letter to Insurers Outlining Post-Flood Expectations
Washington Insurance Commissioner Patty Kuderer issued guidance for flood survivors and the insurance companies and adjusters handling their claims following the evacuation of thousands of Western Washington residents from their homes during the atmospheric river and floods that slammed into …
POSTED DECEMBER 16, 2025 6:00 AM |
Pacific Northwest Braces for Even More Flooding Rain This Week
Washington and the Pacific Northwest are facing multiple rounds of torrential downpours this week, raising flood risks in the region as residents are still grappling with last week’s historic rains. Heavy rain was peaking Monday in Washington, where as much …
POSTED DECEMBER 15, 2025 6:45 PM |
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