News Center
News Archives - Insurance Journal
Shipowners Seek Clarity on Hormuz Deal as 600 Vessels Eye Exit
A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months …
POSTED JUNE 15, 2026 5:38 AM |
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts. Since 2008, the number of countries engaged in external …
POSTED JUNE 15, 2026 5:03 AM |
OpenAI Under Investigation by Group of State Attorneys General, Source Says
A coalition of U.S. state attorneys general has opened a sweeping investigation into OpenAI, a source familiar with the matter said on Friday. The ChatGPT maker was served on Friday with a subpoena seeking documents related to a wide range …
POSTED JUNE 15, 2026 5:02 AM |
Workers’ Refusal of Light Duty Does Not Have to Relate to Injury, Georgia Court Says
An injured employee in Georgia does not need to show that his reason for refusing light-duty work is injury-related, the Georgia Court of Appeals found in a decision that could continue to prove tricky for employers and insurers, especially during …
POSTED JUNE 15, 2026 5:01 AM |
El Nino Is Here and Scientists Fear It’ll Bring Costly Heat, Floods, Droughts, Fires
El Nino, Nature’s chaotic climate agent, has formed in a warmed-up Pacific Ocean and is expected to grow to historic strength, meteorologists announced Thursday. Experts said the El Nino, a natural warming cycle, should further heat a globe already warming …
POSTED JUNE 15, 2026 5:00 AM |
Tent Collapses at Virginia Church Celebration, Killing 1 and Injuring 22
A large tent collapsed during a Virginia church’s 20th anniversary celebration on Friday evening, killing one person and injuring nearly two dozen others, officials said. Heavy rain, lightning and strong winds tore through Moneta, a small community about 124 miles …
POSTED JUNE 15, 2026 5:00 AM |
California Man Charged With Defrauding Western Alliance Bank Out Of $100M
A California man has been criminally charged with defrauding Western Alliance Bancorp out of nearly $100 million by falsifying title insurance policies to inflate the value of collateral he pledged to obtain loans. In a complaint made public on Wednesday, …
POSTED JUNE 15, 2026 5:00 AM |
Appeals Court Affirms Conviction of Ex-Police Chief in Insurance Fraud Case
A federal appeals court this month affirmed the conviction of a former Texas police chief who arranged the destruction of a personal vehicle, falsely reported it stolen, and received insurance proceeds. The United States Fifth Circuit Court of Appeals ruled …
POSTED JUNE 12, 2026 4:28 PM |
US Ships Escort Oil Tankers Through Hormuz at Night, Burgum Says
US forces are helping move millions of barrels through the Strait of Hormuz under the cover of darkness, sometimes escorting more than 20 ships per night out of the vital waterway, US Interior Secretary Doug Burgum said Friday. Now that …
POSTED JUNE 12, 2026 4:24 PM |
US P/C Industry Records $16 Billion Underwriting Income in Q1
The U.S. property/casualty industry reversed a $1 billion underwriting loss in the first quarter 2025 to post a $16.3 billion gain for the same period this year. According to a report from industry rating firm AM Best, net income doubled …
POSTED JUNE 12, 2026 3:19 PM |
West News Archives - Insurance Journal
California Man Charged With Defrauding Western Alliance Bank Out Of $100M
A California man has been criminally charged with defrauding Western Alliance Bancorp out of nearly $100 million by falsifying title insurance policies to inflate the value of collateral he pledged to obtain loans. In a complaint made public on Wednesday, …
POSTED JUNE 15, 2026 5:00 AM |
Two California Insurance Commissioner Candidates Are Left, and Reform Is Coming
Expect more efforts to reform California’s troubled homeowners insurance market from the state’s next top insurance regulator regardless of who wins a race that has now been whittled down to two candidates. Democrats Jane Kim and Ben Allen are advancing …
POSTED JUNE 12, 2026 1:48 PM |
California Company Paying $3.3M to Resolve False Claims Allegations
California medical providers and their medical director have agreed to pay $3.3 million to settle allegations they submitted claims to healthcare programs and commercial insurers for services that weren’t provided or supervised. San Francisco-based Circle Medical Care of California, Circle …
POSTED JUNE 12, 2026 5:00 AM |
Man Sentenced Over False FEMA Claims for Lahaina, California Wildfires
A Hawaii man was sentenced for filing claims with the Federal Emergency Management Agency seeking disaster relief related to the Lahaina and Pacific Palisades wildfires. Daylyn Harris, 35, of Honolulu, was sentenced to 24 months in prison, followed by five …
POSTED JUNE 12, 2026 5:00 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 |
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 |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Premier Group Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|