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News Archives - Insurance Journal
Denmark Data Breach Exposes 8.8 Million People’s Personal Data
Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database. The breach occurred after unidentified individuals misused a private …
POSTED OCTOBER 05, 2026 1:05 PM |
War, Cyber Attack May Spark Next Financial Crisis: Reserve Bank of India
The next financial crisis could originate from a source outside the world of finance, Reserve Bank of India Governor Sanjay Malhotra said Saturday. “It may begin with a geopolitical event, or cyber attack or a technological failure that affects the …
POSTED OCTOBER 05, 2026 12:52 PM |
Markets/Coverages: Specialty MGA Banyan Launches Red Fox Risk for Wildfires
Specialty managing general agent Banyan Risk said it launched Red Fox Risk Ltd, a new underwriting venture focused on wildfire-exposed property risk in the U.S. The business will be led by Brian Espie as CEO and Sarah Kennedy, chief underwriting …
POSTED OCTOBER 05, 2026 12:50 PM |
Google Faces $3.2 Billion Damage Claims on Ad-Tech Monopoly
USA Today Co., Daily Mail General and Trust Plc and a class of large publishers can seek more than $3.2 billion in damages for harm caused by monopolization of advertising technology markets by Alphabet Inc.’s Google, a New York federal …
POSTED OCTOBER 05, 2026 11:41 AM |
AM Best Revises Outlook to Positive for Minnesota’s RAM Mutual Insurance
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) based in Esko, Minnesota. The Credit …
POSTED OCTOBER 05, 2026 10:00 AM |
Union Pacific Railroad Fined $304K for Firing Employee During Severe Weather
A U.S. Department of Labor Occupational Safety and Health Administration whistleblower investigation has concluded that Union Pacific Railroad Co. violated the Federal Railroad Safety Act by removing from service and later terminating a North Little Rock, Arkansas yardman who notified …
POSTED OCTOBER 05, 2026 9:30 AM |
Search Continues for 6-Person Air Ambulance Missing Over Atlantic En Route to Boston
Searchers found a “debris field” off the coast of Nantucket, Massachusetts, from an air ambulance that was carrying six people when it vanished over the Atlantic on Saturday during a flight from Bermuda to Boston, the U.S. Coast Guard said. …
POSTED OCTOBER 05, 2026 9:01 AM |
Marsh Completes Acquisition of Iowa’s Accel Holdings
Marsh has completed its previously announced agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed. With the acquisition now closed, …
POSTED OCTOBER 05, 2026 8:00 AM |
People Moves: Texas Mutual Names Grube as VP of Austin Operations
Texas Mutual Insurance Company recently promoted John Grube to vice president of regional operations for Texas Mutual’s Austin region, effective May 2026. In this new role, Grube will direct and coordinate all regional office operations, including underwriting, claims, safety services, …
POSTED OCTOBER 05, 2026 8:00 AM |
Trump Names Intelligence Chief Clayton as AI Czar, to Head Task Force
US President Donald Trump said on Sunday he had named Director of National Intelligence Jay Clayton the administration’s AI czar, tasking him with coordinating the federal government’s efforts to maintain US leadership in the technology. Trump, who has pushed to …
POSTED OCTOBER 05, 2026 5:16 AM |
West News Archives - Insurance Journal
PG&E Files 10-Year Plan to Underground 5,000 Miles of Power Lines in California
PG&E filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, to improve grid safety and reliability in high-wildfire-risk areas across northern and central California. Separately, PG&E Corp. said in early September that it plans to …
POSTED OCTOBER 05, 2026 5:00 AM |
Justice Department Finds Racial Discrimination in UCLA Law Admissions
A U.S. Department of Justice investigation found UCLA School of Law discriminated against white and Asian applicants in admissions for its 2023, 2024 and 2025 incoming classes. The department’s Civil Rights Division said the admissions practices violated Title VI of …
POSTED OCTOBER 05, 2026 5:00 AM |
Mutual of Enumclaw in Pacific Northwest Unveils New Brand
Mutual of Enumclaw launched a new brand designed to strengthen the company’s market position and support long-term growth. The company said the new brand builds on Mutual of Enumclaw’s 128-year history while more defining it as a strong, modern regional …
POSTED OCTOBER 05, 2026 5:00 AM |
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 |
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