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News Archives - Insurance Journal
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals
Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life …
POSTED MARCH 02, 2026 10:15 AM |
Travel Chaos Worsens as Iran Conflict Shuts Mideast Airports
Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports. Emirates, the world’s largest …
POSTED MARCH 02, 2026 9:36 AM |
Waiting for Hormuz, More Oil Tankers Gather in the Persian Gulf
Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production. At least 40 very-large crude …
POSTED MARCH 02, 2026 8:44 AM |
Belgium Seizes Suspected Russian Shadow Fleet Tanker
Belgium seized an oil tanker belonging to the Russian shadow fleet on Sunday and suspected of sailing with a “false flag and false documents,” Belgian Defence Minister Theo Francken said. Western sanctions imposed on Russia for invading Ukraine and aimed …
POSTED MARCH 02, 2026 8:17 AM |
Ship Insurers Cancel War Risk Cover Due to Iran Conflict
Several marine insurers said they are canceling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the American Club said their cancellations will take effect …
POSTED MARCH 02, 2026 7:35 AM |
Median Securities Class Action Settlement Hits 29-Year High
Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement was $17.3 million in 2025—marking a 20% increase from the previous year and …
POSTED MARCH 02, 2026 6:07 AM |
FedEx Customers Sue Company for Tariff Refunds After US Supreme Court Ruling
FedEx was sued in federal court on Friday on behalf of customers seeking refunds from the global shipping company after the U.S. Supreme Court ruled this month that President Donald Trump unlawfully imposed billions of dollars in emergency tariffs on …
POSTED MARCH 02, 2026 6:05 AM |
Baldwin Posts Fourth Quarter Loss; Carlisle Takes Over Underwriting Group
Tampa-based Baldwin Insurance Group, Inc. (BWIN) reported a loss of $25.9 million in its fourth quarter, the second quarter for significant red ink. On a per-share basis, the Tampa, Florida-based company said it had a loss of 37 cents. Earnings, …
POSTED MARCH 02, 2026 6:01 AM |
Delaware High Court Upholds Elon Musk-Led Overhaul of State’s Business Law
The Delaware Supreme Court upheld the constitutionality of an overhaul of state law that governs most major US corporations and was fueled by Elon Musk, handing a win to company founders, insiders and private equity owners who sought less restrictive …
POSTED MARCH 02, 2026 6:00 AM |
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
West News Archives - Insurance Journal
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
Aspire Acquiring PolicyOne in California
Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …
POSTED MARCH 02, 2026 6:00 AM |
OSHA Penalizes Businesses Over 6 Deaths at Colorado Dairy
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety …
POSTED FEBRUARY 27, 2026 6:00 AM |
SPG Acquires Property Specialist Proper in Montana
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of …
POSTED FEBRUARY 27, 2026 6:00 AM |
Court Tosses Judgment Blaming Montana Asbestos Deaths on BNSF
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 …
POSTED FEBRUARY 27, 2026 6:00 AM |
San Diego Approves $6M Settlement With Insurers for Flood Damage
The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods. The city council granted final approval Tuesday to the settlement, part of a longer …
POSTED FEBRUARY 26, 2026 6:00 AM |
People Moves: Delos Insurance Promotes, Hires Leadership Team Members
Delos Insurance Solutions made several promotions and appointments within its leadership team Co-founder Shanna McIntyre will move from chief data officer to become chief strategy officer, and Andrew Notohamiprodjo was promoted from head of data to chief data officer. Valencia …
POSTED FEBRUARY 26, 2026 6:00 AM |
Former California Insurance Agent Arraigned on Grand Theft And Embezzlement Charges
A former insurance agent has been charged with pocketing more than $100,000 of premiums. Andre De Gazon, 56, of Bellflower, was arraigned this week in Orange County Superior Court on multiple felony counts of grand theft and embezzlement after allegedly …
POSTED FEBRUARY 26, 2026 6:00 AM |
Wynn Resorts Says Hackers Stole Employee Data
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
POSTED FEBRUARY 25, 2026 6:00 AM |
California Vocational School CEO Charged in Worker Education Benefits Scheme
The CEO of a large California vocational return to work counseling center and his alleged co-conspirators were charges in a kickback and forgery scheme that drained injured workers’ educational benefits. Hazel Ortega, 54, of La Habra, and alleged co-conspirators Gemi …
POSTED FEBRUARY 25, 2026 6:00 AM |
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