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News Archives - Insurance Journal
Heavy Texas Rain Pushes Corpus Christi Water Emergency Into 2027
Corpus Christi, the leading crude-export hub in the US, is no longer facing an imminent emergency after heavy rain and tropical storms replenished reservoirs that had been depleted by years of drought. The South Texas coastal city had projected it …
POSTED JUNE 25, 2026 3:28 PM |
Markets/Coverages: CFC Embeds Affirmative AI Cover in Product Portfolio
Specialist insurer CFC said it is responding to customer demand with updates to embed affirmative AI coverage within its portfolio. The rollout introduces clear, explicit AI-related language to eliminate ambiguity across seven key policies to ensure customers have certainty around …
POSTED JUNE 25, 2026 2:52 PM |
Software Buyout King Orlando Bravo Attempts an AI-Era Reboot
Orlando Bravo was quick to see the disruptive potential of software, making a series of lucrative bets on the sector that turned him into a billionaire and transformed the buyout shop he leads, Thoma Bravo, into an industry powerhouse. Now, …
POSTED JUNE 25, 2026 2:40 PM |
King Risk Partners Acquires Massachusetts Agency
Florida-based King Risk Partners has continued its expansion in New England with the acquisition of Perry Insurance Agency of North Andover, Massachusetts. Perry Insurance Agency is an independent insurance agency that offers personal insurance, commercial insurance, and liability coverage options. …
POSTED JUNE 25, 2026 2:24 PM |
US Supreme Court Scales Back Roundup Cancer Lawsuits
The U.S. Supreme Court reined in thousands of lawsuits pursued in state courts accusing Bayer of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer, handing a major legal victory on Thursday to the German …
POSTED JUNE 25, 2026 2:22 PM |
Clyde & Co Survey Shows Rapid Escalation of AI, Geopolitical Risks
Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm’s latest Corporate Risk Radar, 86% of leaders—CEOs, CFOs, COOs, general counsel, …
POSTED JUNE 25, 2026 2:07 PM |
Week-Long LA Warehouse Fire That Impacted Air Quality and Businesses Knocked Down
A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse …
POSTED JUNE 25, 2026 1:49 PM |
London Faces Huge Financial Cost Tied to Rising Heat, Mayor Says
London’s efforts to deal with rising temperatures come at a considerable financial cost that will require the city to turn to private investors for help, the mayor of the UK capital said. Instead of being a “future threat,” extreme heat …
POSTED JUNE 25, 2026 1:45 PM |
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch
Florida-based Safepoint Holdings, parent company of Safepoint Insurance and Manatee Insurance Exchanged has filed to withdraw its initial public offering plans in the U.S., the Florida insurer said on Wednesday. The withdrawal comes even as the IPO market has picked …
POSTED JUNE 25, 2026 1:42 PM |
Thousands Feared Dead After Two Major Earthquakes Hit Venezuela
Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting off powerful aftershocks. A magnitude 7.2 earthquake hit about 160 …
POSTED JUNE 25, 2026 1:07 PM |
West News Archives - Insurance Journal
Week-Long LA Warehouse Fire That Impacted Air Quality and Businesses Knocked Down
A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse …
POSTED JUNE 25, 2026 1:49 PM |
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested
A 14-month-long “ghost broker” investigation has concluded with the arrest of a man accused of procuring more than 1,120 auto insurance policies using fraudulent data and social media apps. The Utah Insurance Department announced the arrest of Carlos David Garcia …
POSTED JUNE 25, 2026 5:00 AM |
Digital Insurer Honeycomb Insurance Expands into Nevada
Digital insurer Honeycomb Insurance is expanding into Nevada roughly one month after receiving a $40 million funding round. The company’s recent launches include operations in Kansas and Missouri. Honeycomb’s digital platform is designed to enable agents to quote and bind …
POSTED JUNE 25, 2026 5:00 AM |
Smoke From LA Warehouse Fire Affecting Residents, Businesses
Smoke continues to billow from a fire at a massive warehouse in Los Angeles, drawing complaints about air quality from residents and interrupting nearby businesses. A fire at a 491,000-square-foot cold storage warehouse located near homes in Boyle Heights continues …
POSTED JUNE 24, 2026 1:53 PM |
FEMA Frees $15.4M for Flood, Earthquake and Wildfire Projects in California
The Federal Emergency Management Agency released federal funding for hazard mitigation projects in California to address flood, earthquake and wildfire risks. Congress authorized the projects through the Fiscal Year 2026 Homeland Security and Further Additional Continuing Appropriations Act. Funding was …
POSTED JUNE 24, 2026 5:00 AM |
Former Idaho Insurance Agent Pleads Guilty to Backdating Policy
A former Idaho insurance agent pled guilty to insurance fraud for backdating a policy. Stetzen Bailey, of Heyburn, a former Farm Bureau Insurance agent, pled guilty to one felony count of insurance fraud. An investigation by the Idaho Department of …
POSTED JUNE 24, 2026 5:00 AM |
UPS Mechanic in California Pleads Guilty to Workers’ Comp Fraud
A former UPS mechanic plead guilty to workers’ compensation fraud following video evidence showing he was never injured in a reported incident. Derrick Hodge pled to felony insurance fraud and was sentenced to 90 days in jail, two years of …
POSTED JUNE 24, 2026 5:00 AM |
LA Warehouse Fire That Prompted Shelter-in-Place Orders Still Burning
Seven days into a fire at a large frozen-food storage facility near downtown Los Angeles, firefighters began moving parts of the exterior walls to try to gain access but they have yet to enter the building, officials said. Firefighters continue …
POSTED JUNE 23, 2026 1:49 PM |
Workday Must Face California Lawsuit Over AI Bias in Job Screening Tools
Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. …
POSTED JUNE 23, 2026 5:00 AM |
Lawsuit Says Gas Stations Using AI to Inflate Prices in California
A group of California consumers claimed in a lawsuit that gas station owners including Walmart Inc., Marathon Petroleum Corp., BP Plc and 7-Eleven Inc. are using artificial intelligence to illegally manipulate pump prices in the state that already has the …
POSTED JUNE 23, 2026 5:00 AM |
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