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News Archives - Insurance Journal
USDOT Rescinds ‘Disparate Impact’ Civil Rights Regulation
The U.S. Transportation Department said Wednesday it is rescinding part of its long-standing civil rights regulations that prohibit conduct that has an unintended “disparate” impact. In April 2025, President Donald Trump ordered federal agencies not to enforce laws that prohibit …
POSTED JUNE 11, 2026 6:00 AM |
People Moves: Andersen to Lead Nationwide Agribusiness Distribution; Ascot Names Eppers Group Chief Investment Officer; Baron Joins Zurich as US Head of Energy
Andersen named leader of Nationwide Agribusiness Distribution and Underwriting Nationwide named Nick Andersen as the new leader of agribusiness distribution and underwriting, following Dirk Pollitt’s retirement. Effective July 1, Andersen will lead Nationwide’s farm, ranch and commercial agribusiness sales and …
POSTED JUNE 11, 2026 5:40 AM |
US Derivatives Regulator Maps Out Rules for Soaring Prediction Market Industry
The top U.S. derivatives regulator on Wednesday released new draft regulations governing the burgeoning prediction markets industry, seeking to cement federal oversight over companies that have shot to the forefront of politics and sports betting while presenting new possible avenues …
POSTED JUNE 11, 2026 5:13 AM |
Google and Meta Denied New Trial in Youth Social Media Addiction Case
A state court judge has denied motions by Meta Platforms and Google’s YouTube seeking a new trial after a jury found the companies liable for designing social media platforms that are harmful to young people. Los Angeles Superior Court Judge …
POSTED JUNE 11, 2026 5:05 AM |
Viewpoint: Insurers Seek to Navigate Cost of Capital Hurdles to Better Fund Their Futures
It was an eventful first quarter, with the Iran conflict co-mingling with market concerns over the private credit exposures held by both European banks and insurers. Unsurprisingly, debt issuance has been affected, with March and much of April seeing a …
POSTED JUNE 11, 2026 5:05 AM |
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups
Eli Lilly, one of the world’s largest pharmaceutical makers, has won a federal court order against leaders of a Tennessee church and Florida and Tennessee-based pharmacy groups, after the drugmaker said the participants had crafted a years-long scheme that bilked …
POSTED JUNE 11, 2026 5:01 AM |
xAI Accused of Illegally Firing California Engineer Who Raised Safety Concerns
A former engineer at Elon Musk’s xAI in California who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to …
POSTED JUNE 11, 2026 5:00 AM |
Uber Sues New York City Over ‘Reckless’ Driver Protection Law
Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said …
POSTED JUNE 11, 2026 5:00 AM |
Report: Rising CT Claims Driving Shifts in Comp Costs and Patterns in California
Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …
POSTED JUNE 11, 2026 5:00 AM |
Man Accused of $37 Billion LA Fire Is Innocent, His Lawyer Says
Jonathan Rinderknecht has been wrongly accused of starting the most destructive wildfire in Los Angeles history, his lawyer told a jury. Rinderknecht was watching New Year’s Eve fireworks on a hillside in the Pacific Palisades and called 911 just after …
POSTED JUNE 11, 2026 5:00 AM |
West News Archives - Insurance Journal
xAI Accused of Illegally Firing California Engineer Who Raised Safety Concerns
A former engineer at Elon Musk’s xAI in California who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to …
POSTED JUNE 11, 2026 5:00 AM |
Report: Rising CT Claims Driving Shifts in Comp Costs and Patterns in California
Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …
POSTED JUNE 11, 2026 5:00 AM |
Man Accused of $37 Billion LA Fire Is Innocent, His Lawyer Says
Jonathan Rinderknecht has been wrongly accused of starting the most destructive wildfire in Los Angeles history, his lawyer told a jury. Rinderknecht was watching New Year’s Eve fireworks on a hillside in the Pacific Palisades and called 911 just after …
POSTED JUNE 11, 2026 5:00 AM |
Trial Begins for Man Accused of Sparking Deadly Palisades Fire
A federal arson trial began this week for the man accused of sparking last year’s deadly Palisades Fire as the area struggles to rebuild and the aftermath reverberates through the Los Angeles mayor’s race. Jonathan Rinderknecht, 29, appeared in court …
POSTED JUNE 10, 2026 5:00 AM |
Inszone Acquires Professional Insurance Strategies in Arizona
Inszone Insurance Services acquired Professional Insurance Strategies LLC in Arizona. Founded in 2006 by Gary Hanson, Professional Insurance Strategies was built to serve complex, niche industries. The firm specializes in the construction and public transportation sectors. Sacramento, California-based Inszone is …
POSTED JUNE 10, 2026 5:00 AM |
PG&E Could Cut Power in 8 California Counties Due to Winds, Fire Danger
Pacific Gas and Electric Co. may cut power in parts of eight counties in California this week due to risks that its equipment could cause wildfires. The utility on Monday warned that some parts of Colusa, Glenn, Lake, Napa, Sonoma, …
POSTED JUNE 09, 2026 2:03 PM |
Markets/Coverages: Alliant in California Rolling out Retirement & Wealth Business
Alliant Insurance Services launched a new line of business to address what the firm sees as a growing convergence of retirement consulting and wealth management. Retirement & Wealth at Alliant is designed to link institutional retirement plan relationships with individual …
POSTED JUNE 09, 2026 5:00 AM |
Jury Awards $176M for Wrongful Deaths of Brothers Hit by California Socialite’s Car
A Los Angeles jury has awarded $176 million to the parents of two young brothers killed in a hit-and-run collision when a California socialite’s car struck them in a crosswalk nearly six years ago. The jury found both Rebecca Grossman …
POSTED JUNE 08, 2026 1:46 PM |
California Mortgage Servicer Settles for $4.6M Over Pandemic Foreclosure Violations
A California mortgage servicer is paying $4.6 million to settle allegations it violated mortgage servicing and debt collection laws during the pandemic. The settlement between Select Portfolio Servicing, a large sub-prime mortgage servicer, and California Attorney General Rob Bonta, includes …
POSTED JUNE 08, 2026 5:00 AM |
Colorado Governor Signs Law Aimed at Lowering Homeowners Insurance Costs
Colorado Gov. Jared Governor Polis signed a bill into law that proponents say will lower the price of homeowners insurance in Colorado, Polis signed SB26-155, called Increase Access Homeowner’s Insurance Enterprise, designed to make it more affordable for residents to …
POSTED JUNE 05, 2026 1:32 PM |
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