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News Archives - Insurance Journal
S. Korean Ship to Test Arctic Route to Europe but Western Allies Concerned
South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian …
POSTED AUGUST 21, 2026 10:19 AM |
Australia’s Steadfast Agrees to $5.51B Buyout Bid by KKR-Backed Consortium
Australian insurance broker Steadfast Group said on Friday it has agreed to a A$7.7 billion ($5.51 billion) takeover offer by a U.S. consortium backed by investment firm KKR. As part of the proposal, insurance distributor Amwins Group will acquire Steadfast’s …
POSTED AUGUST 21, 2026 9:47 AM |
West Texas Oil Producers Pushing Power Demand ‘Through the Roof’
Oil and gas producers’ swelling power needs are hitting the West Texas region just as technology companies target the world’s most productive shale basin for data centers, sending electricity demand soaring. The top boss at Diamondback Energy Inc., one of …
POSTED AUGUST 21, 2026 7:00 AM |
Rates, Digital Support Boost Small Business Insurance Customer Satisfaction: JD Power
Small businesses’ overall satisfaction with small commercial insurers rose 15 points (to 713 on a 1,000-point scale), driven by improvements in digital support and rates, according to JD Power’s 2026 U.S. Small Commercial Insurance Study that surveyed 2900 customers earlier …
POSTED AUGUST 21, 2026 5:56 AM |
Abbott Agrees to $670 Million Settlement of Infant Formula Cases
Abbott said on Thursday it reached a $670 million settlement with three law firms to resolve legal claims by 2,000 people who alleged harms relating to the company’s specialty formulas for preterm infants. The settlement includes one large case in …
POSTED AUGUST 21, 2026 5:14 AM |
Viewpoint: If AI Compute Is an Investable Asset, AI Agency Must Become Insurable
NVIDIA has just made an argument that should matter far beyond the semiconductor industry. In a recent post, the company described AI-factory compute as an emerging investable infrastructure asset, supported by financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs …
POSTED AUGUST 21, 2026 5:11 AM |
Four Patients Affected, One Paralyzed, After Drug Mix-up at Nashville Hospital
Four patients were affected and one of them was paralyzed after a pre-surgery drug mix-up at a Nashville hospital, local news outlets reported. A 72-year-old woman, Glenda Dorton, reportedly received a spinal injection of potassium instead of anesthesia before her …
POSTED AUGUST 21, 2026 5:05 AM |
Romania Destroys Marine Drone Near Neptun Deep Gas Project: Minister
Romania scrambled F-16 fighter jets to destroy a marine drone spotted a few hundred meters from the Black Sea gas project Neptun Deep, Defence Minister Radu Miruta said on Thursday. The incident underscores the growing threat to critical energy infrastructure …
POSTED AUGUST 20, 2026 4:43 PM |
Legacy Consolidator Marco Capital to Buy Insurance Services Firm Pro Global
Marco Capital, the property/casualty legacy consolidator and parent of insurance services group PoloWorks, has entered into an agreement to acquire Pro Global, subject to regulatory approval. Financial details of the deal were not disclosed. The acquisition represents a significant milestone …
POSTED AUGUST 20, 2026 3:58 PM |
Texas Homeowners, Industry Collide Over Transmission Lines
Flashes of yellow were all around the Texas Capitol grounds on Wednesday as legislators gathered to consider two of the most controversial issues in Texas politics: data centers and transmission lines. The color — displayed on bandanas, pins, shirts and …
POSTED AUGUST 20, 2026 3:57 PM |
West News Archives - Insurance Journal
California Adopts Weaker Home Protection Rules as Wildfires Grow
A California agency on Wednesday approved long-delayed regulations designed to protect homes from wildfire, but they’re less stringent than defenses recommended by scientists and firefighters. The new rules, which apply to about 2 million homes, were mandated by a 2020 …
POSTED AUGUST 20, 2026 3:23 PM |
Report Shows Growing Silicosis Epidemic Among Quartz Countertop Workers
Newswise — A new report documenting California’s rapidly growing silicosis epidemic among quartz countertop workers underscores the urgent need for a national effort focused on stronger surveillance, earlier diagnosis and policy interventions to protect workers from a preventable yet often …
POSTED AUGUST 20, 2026 5:00 AM |
Fire-Zone Insurance Broker RockRose Risk Raises $12.5 Million
RockRose Risk, a US insurance brokerage specializing in wildfire zones, raised $12.5 million in a Series A funding round that was co-led by Crosslink Capital and Congruent Ventures, with participation from asset manager Nuveen. The San Francisco-based startup serves commercial …
POSTED AUGUST 19, 2026 2:58 PM |
A $100 Million Mall Reopening Is a Sign of LA’s Uneven Fire Recovery
There’s a flurry of construction in Pacific Palisades, more than a year and a half after a wildfire ravaged the Los Angeles enclave in the most destructive blazes in Southern California history. There’s also a lot of frustration. At the …
POSTED AUGUST 19, 2026 5:00 AM |
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. In a case that …
POSTED AUGUST 18, 2026 1:47 PM |
Lala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
One person has died as storm Lala continues to batter parts of Hawaii including the Big Island and Oahu, potentially bringing nearly three feet of rain and damaging winds to parts of the state Sunday after narrowly missing landfall. The …
POSTED AUGUST 18, 2026 7:00 AM |
Business Moves: FM Acquires Wildfire Intelligence Firm FortressFire
Commercial property insurer FM said it has acquired FortressFire, a provider of wildfire intelligence solutions for homes, businesses and communities. FortressFire will operate as an independent, wholly owned division of Johnston, Rhode Island-based FM and will continue its work to …
POSTED AUGUST 18, 2026 5:00 AM |
AI-Powered Distribution Platform Launched by bolt in California
Insurtech bolt launched an AI-powered insurance distribution platform the company says enables access across all lines for distribution partners. Connected Distribution is a new operating model that combines customer data, workflows and integrated market access into a single AI-powered connected …
POSTED AUGUST 17, 2026 5:00 AM |
AM Best Upgrades Ratings of California Casualty Group Members
AM Best upgraded the Financial Strength Rating to B+ (Good) from B (Fair) and the Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair) of The California Casualty Indemnity Exchange in Palo Alto, California. The upgrade includes its wholly …
POSTED AUGUST 17, 2026 5:00 AM |
Hawaii Faces Rare Hurricane Strike as Storms Batter Indiana
Hawaii is in line for a rare hurricane strike as Tropical Storm Lala grazes the Big Island, while severe storms threaten more flooding and outages across Indiana. Tropical Storm Lala may grow into a hurricane as it grazes the Big …
POSTED AUGUST 14, 2026 3:08 PM |
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