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News Archives - Insurance Journal
100 Years After Miami Hurricane, Similar Storm Would Top $200B in Losses—Swiss Re
The Atlantic has been pretty quiet so far this season, but one system east of Bermuda could soon develop into a tropical storm, the National Hurricane Center said Thursday. If the storm were to develop into a Category 5 hurricane …
POSTED SEPTEMBER 17, 2026 4:50 PM |
Senate Committee Sends TRIA Reauthorization to the Floor
Federal legislation to extend the Terrorism Risk Insurance Act will head to the full Senate after unanimously getting a nod from the Senate Banking Committee. The committee on Sept. 17 voted 24-0 to advance S. 4395, the Terrorism Risk Insurance …
POSTED SEPTEMBER 17, 2026 4:33 PM |
ExxonMobil Wins Approval for Texas Carbon Capture in 2-to-1 Vote
ExxonMobil Holdings Corp. won approval for its Rose carbon-capture project in Texas, allowing the company to move ahead with the emission-reducing development that could be among the biggest of its kind. The Railroad Commission of Texas, the state’s primary oil …
POSTED SEPTEMBER 17, 2026 4:15 PM |
Zillow Loses Antitrust Battle Over Chicago Area Listing Feed
Zillow Group Inc. lost its bid to force Illinois’ largest provider of real estate listings to provide access to its data about homes for sale. US District Judge John Tharp Jr. in Chicago dissolved a previous order that required Midwest …
POSTED SEPTEMBER 17, 2026 4:02 PM |
People Moves: Alliant Adds Bryant to Employee Benefits Group in Texas
Alliant Insurance Services has hired Jennifer Bryant as senior vice president within its employee benefits group, based in Dallas, Texas. Bryant will work with employers to develop strategic health and welfare solutions while building long-term relationships and connecting clients with …
POSTED SEPTEMBER 17, 2026 3:56 PM |
EPIC Acquires Michigan’s Korotkin Insurance Group
EPIC Insurance Brokers & Consultants has acquired Korotkin Insurance Group, a fifth-generation independent brokerage with over a century of operational history in Michigan. KIG brings a strong regional presence and specialized expertise across multiple industries and client segments to EPIC’s …
POSTED SEPTEMBER 17, 2026 3:53 PM |
Morgan & Morgan Plans to Spend $1B on AI Platform in Coming Years
Morgan & Morgan, which has called itself the largest U.S. injury law firm with offices in all states, plans to spend $1 billion on artificial intelligence and other legal technology over the next decade. The firm already has spent $300 …
POSTED SEPTEMBER 17, 2026 3:39 PM |
Markets/Coverages: Beazley Confirms Affirmative AI Cyber; CFC Strengthens FI Suite With Upgrades, Affirmative AI Cover
Beazley Confirms Affirmative AI Cyber Cover Beazley on Sept. 17 confirmed affirmative artificial intelligence cover in its cyber and tech E&O policies. As businesses adopt AI and cyber criminals increasingly use it to magnify the scale and speed of their …
POSTED SEPTEMBER 17, 2026 3:01 PM |
AIG’s Hancock to Retire as Head of General Insurance
Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG’s C-suite, which experienced several shake-ups including the one leading to Hancock’s latest role …
POSTED SEPTEMBER 17, 2026 12:52 PM |
DOJ Wants States to Post Bond Over Paramount Deal Challenge
The US Justice Department is urging a federal judge to order the states and trade union challenging Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. to post a bond to cover any potential late fees that result …
POSTED SEPTEMBER 17, 2026 12:20 PM |
West News Archives - Insurance Journal
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 |
Bamboo Insurance Targets $3.24 Billion Valuation in IPO
CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …
POSTED SEPTEMBER 14, 2026 2:07 PM |
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
POSTED SEPTEMBER 14, 2026 5:00 AM |
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