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News Archives - Insurance Journal
Munich Re, Lloyd’s Top List of 50 Largest Global Reinsurers: AM Best
Munich Re has reclaimed its position from Swiss Re as the largest global reinsurers that use IFRS-17 accounting standards, while Lloyd’s has moved to the top ranking of non-IFRS-17 reinsurers, according to AM Best. Among IFRS-17 reporters, Munich Re is …
POSTED AUGUST 18, 2026 2:13 PM |
Miami Votes Today on Fate of Long-Closed Iconic Marine Stadium
The Miami Marine Stadium, considered a masterpiece of midcentury Brutalist architecture with its massive cantilevered roof and a stunning view of the city, opened in 1963 as the nation’s only race venue for powerboats, a major symbol of south Florida. …
POSTED AUGUST 18, 2026 1:48 PM |
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. In a case that …
POSTED AUGUST 18, 2026 1:47 PM |
Hackers ‘Learn in Real Time’ As Agentic AI Drives 36% Uptick in Found Vulnerabilities
The use of agentic artificial intelligence is benefiting research in cyber vulnerabilities faster than it is used to exploit them—so far, according to new research. Beazley Security’s “Q2 2026 Quarterly Threat Report” found agentic AI used in research drove a …
POSTED AUGUST 18, 2026 1:02 PM |
Wall Street Leans on Insurance Pools for $16 Billion Kuwait Deal
Three Wall Street giants used capital from the insurance industry to finance a large chunk of a $16 billion pipeline deal in Kuwait, a rare move for a Middle Eastern infrastructure transaction. Blackstone Inc., Brookfield Asset Management Ltd. and KKR …
POSTED AUGUST 18, 2026 11:52 AM |
Indiana Attorney General Warns Residents of Scammers Following Storms
The Indiana Attorney General’s office is warning citizens to be aware of scammers targeting residents in the wake of the powerful derecho and widespread flooding across the state. “Thousands of Hoosiers are assessing damage and beginning the hard work of …
POSTED AUGUST 18, 2026 11:33 AM |
People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
Alliant Insurance Services has promoted Martin Newman to Managing Director, Energy Operations, Alliant Property & Casualty. Based in Dallas, Newman specializes in partnering with energy operators and private equity investors to develop innovative risk and insurance solutions for an increasingly …
POSTED AUGUST 18, 2026 11:26 AM |
Bird Remains Found in Engine After Ryanair Window Blowout
Bird remains, including feathers, were found on parts of the engine that was damaged on a recent Ryanair Holdings Plc flight, resulting in a passenger being partially sucked into a broken window, the US National Transportation Safety Board said [on …
POSTED AUGUST 18, 2026 9:56 AM |
Russia Is Already Waging Hybrid War in Europe, Latvia Says
Russia’s hybrid war in Europe has already begun, Latvian President Edgars Rinkevics said, following warnings of Moscow’s attempts to intimidate nations supporting Ukraine. “It’s not something that will start sometime in the future,” Rinkevics told reporters on Monday at a …
POSTED AUGUST 18, 2026 9:27 AM |
People Moves: OneShield Appoints Becker SVP, New Products
OneShield, headquartered in Marlborough, Massachusetts, appointed Rick Becker as senior vice president, new products. Becker brings decades of experience to the newly created role. He has held president, chief operating officer, chief data officer/chief information officer, and executive vice president …
POSTED AUGUST 18, 2026 9:00 AM |
West News Archives - Insurance Journal
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. In a case that …
POSTED AUGUST 18, 2026 1:47 PM |
Lala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
One person has died as storm Lala continues to batter parts of Hawaii including the Big Island and Oahu, potentially bringing nearly three feet of rain and damaging winds to parts of the state Sunday after narrowly missing landfall. The …
POSTED AUGUST 18, 2026 7:00 AM |
Business Moves: FM Acquires Wildfire Intelligence Firm FortressFire
Commercial property insurer FM said it has acquired FortressFire, a provider of wildfire intelligence solutions for homes, businesses and communities. FortressFire will operate as an independent, wholly owned division of Johnston, Rhode Island-based FM and will continue its work to …
POSTED AUGUST 18, 2026 5:00 AM |
AI-Powered Distribution Platform Launched by bolt in California
Insurtech bolt launched an AI-powered insurance distribution platform the company says enables access across all lines for distribution partners. Connected Distribution is a new operating model that combines customer data, workflows and integrated market access into a single AI-powered connected …
POSTED AUGUST 17, 2026 5:00 AM |
AM Best Upgrades Ratings of California Casualty Group Members
AM Best upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair) of The California Casualty Indemnity Exchange in Palo Alto, California. The upgrade includes its wholly …
POSTED AUGUST 17, 2026 5:00 AM |
Hawaii Faces Rare Hurricane Strike as Storms Batter Indiana
Hawaii is in line for a rare hurricane strike as Tropical Storm Lala grazes the Big Island, while severe storms threaten more flooding and outages across Indiana. Tropical Storm Lala may grow into a hurricane as it grazes the Big …
POSTED AUGUST 14, 2026 3:08 PM |
People Moves: IMA Appoints Schwartz New Leader for Washington Market
IMA Financial Group Inc. named Karen Schwartz as Washington market president. She leads IMA’s Washington market strategy, focusing on strengthening collaboration across business lines, partnering with property/casualty and employee benefits teams and producers. Schwartz has nearly 15 years of insurance …
POSTED AUGUST 14, 2026 5:00 AM |
California Advances Bill to Expand Antitrust Enforcement Law
A major expansion of California’s antitrust laws advanced in the state legislature Thursday despite opposition from business leaders and some government officials. The state Senate Appropriations Committee moved the bill, AB 1776, to the full chamber, where it must pass …
POSTED AUGUST 14, 2026 5:00 AM |
Hawaii Faces More Tropical Threats From El Niño-Charged Pacific
A powerful patch of thunderstorms and wind is expected to strengthen into Tropical Storm Lala by Thursday before taking aim Hawaii this weekend. The weather system was 935 miles (1,500 kilometers) east-southeast of Hilo, Hawaii, with top winds of 35 …
POSTED AUGUST 13, 2026 1:25 PM |
Green Shield Expands Non-Admitted High-Value HO Program to California and Colorado
A specialty homeowners program serving high-value homeowners is coming to California and Colorado. Green Shield Risk Solutions is expanding its Guardian Elite Home, a non-admitted homeowners program for affluent primary and secondary residences, in California and Colorado. The rollout is …
POSTED AUGUST 13, 2026 5:00 AM |
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