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News Archives - Insurance Journal
Auto Safety Bill Targeting Electric Doors Advances in US House
US lawmakers agreed to advance an automotive safety bill that would require manual releases in new vehicles with electrically powered door handles, bringing the measure that could impact designs popularized by Tesla Inc. a step closer to becoming law. The …
POSTED FEBRUARY 12, 2026 6:23 AM |
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
BMW is recalling hundreds of thousands of cars due to a potential fire hazard, the German premium carmaker said on Wednesday. The global recall is affecting a mid-six-figure number of cars, a BMW spokesperson said. Newspaper Bild earlier reported on …
POSTED FEBRUARY 12, 2026 6:10 AM |
Viewpoint: How Carriers Can Break the Cycle of Medical Abuse
In Part 1 of this series, we examined how medical abuse extends far beyond excessive treatment, encompassing inflated billing, referral networks, misleading provider reports, and misuse of ancillary services. These behaviors can distort reserves, extend claim life cycles, and undermine …
POSTED FEBRUARY 12, 2026 6:09 AM |
China Charges Former AstraZeneca Regional Head With Insurance Fraud
China has officially charged AstraZeneca’s former regional head, Leon Wang, who was detained by authorities in the country more than a year ago in relation to probes into the drugmaker’s business. The company confirmed Wang’s indictment to Reuters on Wednesday, …
POSTED FEBRUARY 12, 2026 6:06 AM |
The $10 Trillion Fight: Modeling a US-China War Over Taiwan
The island at the center of the artificial intelligence boom—and increasingly the global economy—lies on geological and geopolitical fault lines. Taiwan, the producer of most of the world’s advanced semiconductors, faces intensifying pressure from mainland China and growing uncertainty about …
POSTED FEBRUARY 12, 2026 6:05 AM |
Florida Insurance Costs 14.5% Lower Than Would Be Without Reforms, Report Finds
Florida’s landmark 2022 and 2023 legislative changes have had a big impact on the state’s economy, thanks to lowered insurance costs that have freed up money for other investments and have attracted new companies to the state, says a report …
POSTED FEBRUARY 12, 2026 6:02 AM |
New York’s Mid-Hudson Insurance to Acquire Hanover Fire of Pennsylvania
Mid-Hudson Co-Operative Insurance Co. in Montgomery, New York has signed a securities purchase agreement to acquire Hanover Fire Holdings, Inc. of King of Prussia, Pennsylvania. According to AM Best, the acquisition will be financed by $4.0 million in cash and …
POSTED FEBRUARY 12, 2026 6:00 AM |
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims
A bill touted as the nation’s first public health and insurance standards to protect families from toxic smoke contamination is making its way through California legislature. California Insurance Commissioner Ricardo Lara and Assemblymember Mike Gipson on Wednesday introduced Assembly Bill …
POSTED FEBRUARY 11, 2026 8:57 PM |
‘Structural Shift’ Occurring in California Surplus Lines
The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, but they also played a part in an ongoing reshaping of California’s surplus lines market, according to a new report. The state’s …
POSTED FEBRUARY 11, 2026 8:17 PM |
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders?
Florida insurance company officers, employees, board members and even stockholders would have to undergo background checks and fingerprinting under a wide-ranging bill approved by a state House panel Wednesday morning. House Bill 1263, sponsored by state Rep. Linda Chaney, R-St. …
POSTED FEBRUARY 11, 2026 5:23 PM |
West News Archives - Insurance Journal
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims
A bill touted as the nation’s first public health and insurance standards to protect families from toxic smoke contamination is making its way through California legislature. California Insurance Commissioner Ricardo Lara and Assemblymember Mike Gipson on Wednesday introduced Assembly Bill …
POSTED FEBRUARY 11, 2026 8:57 PM |
‘Structural Shift’ Occurring in California Surplus Lines
The Los Angeles wildfires that kicked off 2025 not only sped up a statewide homeowners insurance market pullback, but they also played a part in an ongoing reshaping of California’s surplus lines market, according to a new report. The state’s …
POSTED FEBRUARY 11, 2026 8:17 PM |
Western Snow Drought Raises Fire and Drought Concerns
Rain and snow are expected to return to the Rockies and the Western U.S. over the next few weeks, but it’s likely to only make a small dent in the snow drought and dry conditions across parts of the West. …
POSTED FEBRUARY 11, 2026 3:39 PM |
New Mexico Lawsuit Accuses Meta of Failing to Protect Children
Meta has failed to disclose what it knows about the harmful effect of its platforms on children in violation of New Mexico’s consumer protection laws, a state prosecutor said Monday as a trial began over the dangers of child sexual …
POSTED FEBRUARY 11, 2026 2:45 PM |
People Moves: Hinterland Names Krozy CUO, Harding VP Commercial Package and Property
Hinterland Insurance appointed Evan Krozy as the company’s chief underwriting officer and Kristine Harding as executive vice president, commercial package and property, reporting to Krozy. Krozy has more than 25 years of insurance experience, including commercial lines underwriting, specialty lines, …
POSTED FEBRUARY 11, 2026 6:00 AM |
Colorado Funeral Home Owner Who Abused Corpses Gets 40 Years in Prison
A Colorado funeral home owner who stashed 189 decomposing bodies in a building over four years and gave grieving families fake ashes was sentenced to 40 years in state prison. During the sentencing hearing, family members told Judge Eric Bentley …
POSTED FEBRUARY 10, 2026 6:00 AM |
Musk’s Underground Vegas Tunnels Scrutinized for Safety, Environmental Concerns
Elon Musk’s “Vegas Loop,” a network of underground tunnels to ferry passengers in Teslas, was under fresh scrutiny this week from Nevada lawmakers who raised concern about alleged workplace safety and environmental violations. Lawmakers spent hours grilling state safety officials …
POSTED FEBRUARY 10, 2026 6:00 AM |
Rising Fire Risk Prompts Utilities to Deliberately Cut Power
States in the U.S. West are grappling with an unusually warm, arid winter that is ramping up fire risk in some areas, driving utilities to take drastic precautions, including sometimes shutting off the power in a bid to keep their …
POSTED FEBRUARY 10, 2026 6:00 AM |
Instagram, YouTube Addiction Trial Kicks Off in Los Angeles
A California state court case over whether Instagram and YouTube harmed a woman’s mental health through addictive app design kicks off on Monday with opening statements, in a test of whether Big Tech platforms can be held liable for harming …
POSTED FEBRUARY 09, 2026 2:36 PM |
California Attorney General Files Suit Against Companies for Ghost Gun Coding
A lawsuit that targets companies that distribute computer code that facilitates the illegal manufacture of 3D printed ghost guns was filed by California Attorney General Rob Bonta and San Francisco City Attorney David Chiu. The lawsuit filed on Friday in …
POSTED FEBRUARY 09, 2026 6:00 AM |
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