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News Archives - Insurance Journal
Houston and Dallas Face Risk of Floods as Storms Sweep Texas
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …
POSTED OCTOBER 02, 2026 3:51 PM |
Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …
POSTED OCTOBER 02, 2026 3:43 PM |
Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Scheme
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …
POSTED OCTOBER 02, 2026 2:56 PM |
US P/C Insurers See Fewer Ratings Downgrades in H1 2026 on Improved Performance
The US property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many …
POSTED OCTOBER 02, 2026 2:56 PM |
AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap News Reports
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
POSTED OCTOBER 02, 2026 12:51 PM |
To Shield Its Parishes, Vermont Diocese Wants to Pull Its Bankruptcy Filing
Facing a ruling that could expose its local parishes and schools to liability, no progress in settlement talks, and rising litigation costs, the Roman Catholic Diocese of Burlington, Vermont has taken the unusual step of asking the U.S. bankruptcy court …
POSTED OCTOBER 02, 2026 12:21 PM |
California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
POSTED OCTOBER 02, 2026 12:19 PM |
No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell …
POSTED OCTOBER 02, 2026 11:55 AM |
Police Arrest Dual UK-Iranian National Over Airbase Plot
UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. The 27-year-old man was arrested in London on suspicion of preparation …
POSTED OCTOBER 02, 2026 10:51 AM |
US States Challenge Corteva Spinoff as Bid to Evade PFAS Liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
POSTED OCTOBER 02, 2026 10:24 AM |
West News Archives - Insurance Journal
California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
POSTED OCTOBER 02, 2026 12:19 PM |
Ohio Mutual Completes Merger of Idaho-Based Gem State
The merger of Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure has been completed, effective Oct. 1, the company announced. The organization plans to add new products and additional benefits to members …
POSTED OCTOBER 02, 2026 8:00 AM |
Southern California Utilities Prep Shutoffs as Fire Risk Surges
Thousands of homes and businesses in Southern California have been warned of the potential for power cuts in the coming days as a heat wave boosts wildfire risk throughout the region. With triple-digit temperatures expected this weekend, Edison International’s Southern …
POSTED OCTOBER 02, 2026 5:00 AM |
Lyft to Pay $272.5 Million to Settle California Driver Misclassification Claims
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go directly to drivers. More than 1,600 drivers who filed wage claims through LCO’s …
POSTED OCTOBER 02, 2026 5:00 AM |
Study: Residents Near Maui Wildfires Show Elevated Metals Linked to Lung Health Impacts
Metal mixtures found in the leftover smoke, ash and debris from the deadly 2023 Maui wildfires were harmful to the lung health of people living nearby long after the burning ended, a new study says. The work shows that major …
POSTED OCTOBER 02, 2026 5:00 AM |
Sea Level Rise Is Reshaping A California Beach Town, Threatening A Key Rail Line
For years, residents of this Southern California beach town could walk a mile along a stretch of cream-colored sand and dip their toes in the waves lapping ashore. That trip has been cut short. Coastal erosion has been eating away …
POSTED OCTOBER 01, 2026 5:00 AM |
Outmarket in California AI Raises $34.5M Series B
San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …
POSTED OCTOBER 01, 2026 5:00 AM |
Viewpoint: Idaho Supreme Court Finds Minimum Limit UIM Coverage Illusory
I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Six Flags Closes California Roller Coaster Targeted by Lawsuits
Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a multitude of safety tests, we have decided to close the …
POSTED SEPTEMBER 30, 2026 5:00 AM |
Prosecutors Seize Bank Accounts of Montana Firm Linked to Tether
U.S. prosecutors in California have seized millions of dollars from bank accounts and cryptocurrency wallets tied to a Montana payments company reportedly linked to Tether. Owners of Capstone, which acted as a money services business, misrepresented the business as an …
POSTED SEPTEMBER 29, 2026 5:00 AM |
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