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News Archives - Insurance Journal
Private Equity Turns to Heat Detectives as Climate Risks Intensify
Erratic weather is forcing private equity investors to scrutinize a new source of financial risk — whether assets in their portfolios can withstand a changing climate. For decades, investment models at the world’s largest funds relied on assumptions of a …
POSTED JULY 08, 2026 9:58 AM |
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to …
POSTED JULY 08, 2026 7:00 AM |
Supreme Court Lets Texas’ Age App Verification Law Stand
Texas can continue enforcing a law requiring app marketplace operators like Google and Apple to verify all users’ ages after the U.S. Supreme Court declined Monday to intervene. Senate Bill 2420, which was supposed to take effect Jan. 1, establishes …
POSTED JULY 08, 2026 7:00 AM |
Sequel Insurance Agencies Acquires Texas’ Watkins
Sequel Insurance Agencies, powered by SIAA, a leading independent insurance agency platform and perpetuation partner for entrepreneurial agencies, announced its acquisition of Watkins Insurance Group including five office locations across Austin and Central Texas. This transaction marks another strategic milestone …
POSTED JULY 08, 2026 5:29 AM |
Merger Suits Stall Under DOJ Boss Who Opposes Blocking Deals
A nearly $1 billion takeover by a defense supplier that Pentagon officials previously faulted for overcharging the military may serve as the latest test of how light a touch the US Justice Department is willing to take on corporate mergers. …
POSTED JULY 08, 2026 5:11 AM |
Iran Tells UN It Has Right to Control ‘Parts’ of Hormuz Strait
Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran. “Parts of the Strait of Hormuz fall within the territorial …
POSTED JULY 08, 2026 5:10 AM |
Ugandan Farmers to Challenge $5.6 Billion Pipeline in UK Lawsuit
A group of Ugandan farmers will on Tuesday file a lawsuit in the UK High Court against the East African nation’s $5.6 billion crude pipeline, potentially delaying long-awaited exports due to begin later this year. The petition says the 1,450-kilometer …
POSTED JULY 08, 2026 5:05 AM |
Premiums Will Skyrocket by 2035, and Discounts Not Enough for Wind Mit, Studies Say
Home fortifications, from roof tie-downs to window protections, have been recognized as key factors in reducing losses, claims and premiums in hurricane-prone states like Florida. But relying on the incentive of premium discounts is not enough to prompt widespread adoption …
POSTED JULY 08, 2026 5:02 AM |
Shark Attack on Alabama Teen Inspires Start of National Alert System
Lulu Gribbin was 15 when she survived a shark attack off the coast of Florida. She lost her left hand, part of her right leg and almost her life. What she didn’t know when she entered the water on that …
POSTED JULY 08, 2026 5:02 AM |
Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest
Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …
POSTED JULY 08, 2026 5:00 AM |
West News Archives - Insurance Journal
Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest
Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …
POSTED JULY 08, 2026 5:00 AM |
Organized Jewelry Theft Ringleader in California Handed 16-Year Sentence
The leader of an organized retail theft ring targeting high-end jewelry stores across Southern California was handed a 16-year prison sentence this week. From April 2023 to May 2024, Rodney Allen Flynt Jr. and his accomplices carried out thefts resulting …
POSTED JULY 07, 2026 1:47 PM |
Faster, Fiercer Wildfires Are Testing Evacuation Plans
On a warm summer morning, two fire officials navigate an SUV along a narrow road that switchbacks high into the hills above the town of Fairfax, California, where thickets of trees conceal hundreds of homes. When the road dead-ends, they …
POSTED JULY 07, 2026 1:22 PM |
Bamboo Launches Essential HO2 Product in California
Bamboo Insurance today launched its Essential homeowners program, a new HO2 product designed for homeowners looking for basic coverage. The Essential program provides what the company says is a lower-cost option focused on core protection that makes it convenient for …
POSTED JULY 07, 2026 5:00 AM |
AM Best Places Credit Ratings of Topa in California Under Review
AM Best placed under review the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Topa Insurance Company in Calabasas, California. The review includes subsidiary Dorchester Insurance Company Ltd. in the U.S. Virgin …
POSTED JULY 06, 2026 5:00 AM |
California Bans ‘Sell By’ Food Labels to Cut Food Waste
In Kimberley Kausen’s home, a passed “sell by” date on a jug of milk means different things to different family members. For her daughter, it means the jug belongs in the trash. For her husband, it means the milk is …
POSTED JULY 06, 2026 5:00 AM |
Washington Labor & Industries Opens Inspections at State’s Other Kraft Paper Mills
Two new inspections into kraft pulp and paper mills in Washington have been opened, following ongoing investigations at the Nippon Dynawave mill where a tank failure killed 11 workers. The Washington State Department of Labor & Industries said investigations are …
POSTED JULY 06, 2026 5:00 AM |
DUAL North America Launches California Homeowners Product
DUAL North America launched a California Homeowners insurance product, expanding its U.S. personal lines offering. The product is written on an HO-3 form, backed by an A.M. Best ‘A’ rated carrier, and offers dwelling coverage limits of up to $5 …
POSTED JULY 02, 2026 5:00 AM |
Washington Farm Labor Contractor Fined $700,000 for Breaking Worker Protection Laws
A Washington farm labor contracting company faces nearly $700,000 in fines for labor violations. The Washington State Department of Labor & Industries cited Superbee Contracting LLC, of Moxee in Yakima County, with breaking six farmworker protection laws involving nearly 1,200 …
POSTED JULY 02, 2026 5:00 AM |
San Francisco Archdiocese Paying $395M to Settle Child Sex Abuse Lawsuits
The San Francisco Catholic Archdiocese has agreed to pay $395 million to settle more than 500 lawsuits alleging child sexual abuse by church officials, plaintiffs’ attorneys said Monday. San Francisco Archbishop Salvatore Cordileone will have to write an apology letter …
POSTED JULY 01, 2026 2:25 PM |
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