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News Archives - Insurance Journal
Revolut Says No Group Has Made Direct Contact After Data Breach
Revolut Ltd. said no individual or group has made direct contact or demand almost a week after the fintech reported a scam involving an unauthorized third party that exposed sensitive information of some customers. A spokesperson for the London-based firm …
POSTED SEPTEMBER 18, 2026 12:10 PM |
India Finds Nestle Baby Food Sample Substandard, Takes Legal Action
India’s food regulator said on Friday it had found a Nestle baby food sample to be substandard and was pursuing legal action against the Swiss company in one of its biggest growth markets. Nestle said its products are “fully compliant …
POSTED SEPTEMBER 18, 2026 11:13 AM |
Saudis and Houthis Exchange Strikes, Yemenis Flee by Boat as Middle East War Spreads
Saudi Arabia and Yemen’s Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to boats in the Red Sea to escape fighting, as the spreading Middle East war created new threats to global oil supplies. Houthi-controlled …
POSTED SEPTEMBER 18, 2026 10:18 AM |
UK Insurers Urge Bank of England to Rethink ‘Dynamic’ Stress Test
Britain’s insurance industry is urging the Bank of England’s regulatory arm to rethink its live crisis simulation, citing heavy reporting demands and unrealistic scenarios in a stress test that pushed firms “to their absolute limit.” The Prudential Regulation Authority’s first …
POSTED SEPTEMBER 18, 2026 9:58 AM |
White House Weighs Incubator for Cyber Research, Startups
The Trump administration is weighing a plan to establish a government-led incubator aimed at investing in cybersecurity research and spinning out startups focused on developing tools for the government to use, according to people familiar with the situation. The White …
POSTED SEPTEMBER 18, 2026 5:28 AM |
Gorman Named PIA National President
The National Association of Professional Insurance Agents has made David Gorman its president, succeeding Mark Suhr. Gorman, of Dallas, founded Red Gorman Insurance Services in 2018 and has a long history of service to the independent insurance agent community holding …
POSTED SEPTEMBER 18, 2026 5:27 AM |
Hershey Defeats Lawsuit Over Reese’s Halloween Pumpkins That Lacked ‘Cool’ Carvings
Hershey won the dismissal of a lawsuit claiming it let down consumers because its Halloween-themed Reese’s pumpkins lacked the decorative carved designs shown on the packaging. U.S. District Judge Melissa Damian in Miami said the two Florida residents leading the …
POSTED SEPTEMBER 18, 2026 5:26 AM |
AI’s Climate Footprint Draws Growing Concern From Asset Owners
Asset owners are increasingly concerned about the impact of artificial intelligence on the environment and society, according to a report by Morningstar Inc. In a survey of more than 500 pension funds, family offices, endowments, sovereign wealth funds and other …
POSTED SEPTEMBER 18, 2026 5:05 AM |
Federal Legislation Targets Auto Insurance Fraud With Steep Penalties
Earlier this month, federal legislation was introduced to make motor vehicle collision fraud a federal crime, according to a joint press release by Congresswoman Laura Gillen (D-NY-04) alongside U.S Representatives Troy Nehls (R-TX-22), Josh Gottheimer (D-NJ-05) and Vince Fong (R-CA-20). …
POSTED SEPTEMBER 18, 2026 5:03 AM |
The Body of the Last Victim of Hurricane Helene in Tennessee Has Been Found
The remains of the final missing Tennessee victim from Hurricane Helene were found two years after the storm devastated Appalachian mountain towns with floods that wiped away whole communities. Nancy Tucker, 76, disappeared along with her husband, Jimmy Tucker, when …
POSTED SEPTEMBER 18, 2026 5:02 AM |
West News Archives - Insurance Journal
Hawai’i Employers’ Mutual Giving $5M Divided to Policyholders
Hawai’i Employers’ Mutual Insurance Company Inc. is returning $5 million to qualifying policyholders this year, a move that the workers’ compensation insurer said marks the 20th consecutive annual dividend declared by its board. This payout also matches the largest dividend …
POSTED SEPTEMBER 18, 2026 5:00 AM |
People Moves: Burns & Wilcox Promotes Carvalho to Regional Vice President
Burns & Wilcox promoted Tom Carvalho to regional vice president. The promotion is effective Oct. 1. Carvalho will oversee Burns & Wilcox operations in Portland, Oregon; Seattle, Washington; and San Francisco, Sacramento and Fresno, California. He will report to Rich …
POSTED SEPTEMBER 18, 2026 5:00 AM |
California Insurance Commissioner Proposes End to Marital Status Use in Auto Rates
California Insurance Commissioner Ricardo Lara is proposing changing regulations to prohibit insurance companies from using a driver’s marital status as an optional factor when setting private passenger automobile insurance rates. Related: California Governor Signs Act to Create Smoke Damage Presumption …
POSTED SEPTEMBER 17, 2026 5:00 AM |
Arthur J. Gallagher Acquires Innovise Business Consultants
Arthur J. Gallagher & Co. acquired Englewood, Colorado-based McMillan Insurance & Bonding Inc., dba Innovise Business Consultants. The Innovise Business Consultants team, led by Jason McMillan, will relocate to Gallagher’s Denver office under the direction of Bret VanderVoort, head of …
POSTED SEPTEMBER 17, 2026 5:00 AM |
TV News Helicopter Crash in Los Angeles Kills Three People
Three people were killed and one injured when a TV news helicopter crashed between two commercial buildings in the Chatsworth neighborhood of Los Angeles, the city’s fire department said. The helicopter was providing coverage for KNBC and Telemundo 52, the …
POSTED SEPTEMBER 16, 2026 1:59 PM |
Keystone Enters California With Acquisition of Infinity
Keystone acquired Infinity Assurance Group in Orange County, California. The deal marks Keystone’s first platform partner in California. IAG will continue to operate under its current leadership, with John Kookootsedes, founder and chairman, and Eric Doll, CEO, continuing at the …
POSTED SEPTEMBER 16, 2026 5:00 AM |
Labor Commissioner Says California Crop Lien Law Helped Recover Farmworker Wages
An expanded crop lien law that strengthens existing farmworker protections and gives the California’s Labor Commissioner’s Office the ability to recover unpaid wages quickly was recently put in action. The LCO, which launched an investigation into wage-and-hour violations in May, …
POSTED SEPTEMBER 16, 2026 5:00 AM |
California Governor Signs Act to Create Smoke Damage Presumption
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner …
POSTED SEPTEMBER 15, 2026 4:56 PM |
Drug Maker Paying $32M to Resolve Kickbacks Law Violations in California
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
POSTED SEPTEMBER 15, 2026 5:00 AM |
People Moves: Richardson Named California DWC Administrative Director
The California Department of Industrial Relations swore in Nicole Richardson as administrative director of the Division of Workers’ Compensation on Sept. 1, following her appointment by Gov. Gavin Newsom. Richardson previously served as DWC’s acting administrative director and chief counsel. …
POSTED SEPTEMBER 15, 2026 5:00 AM |
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