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News Archives - Insurance Journal
Experts in Lockheed Pollution Suit Used Unreliable Methods, Appeals Court Says
Lockheed Martin Corp. won a major legal victory in May when a Florida jury found that plaintiffs had failed to prove that the defense and aerospace giant had polluted groundwater around its Orlando manufacturing site and caused disease in nearby …
POSTED JULY 30, 2026 2:35 PM |
Aon Quarterly Profit Jumps on Commercial Risk Management Strength
Aon reported a jump in second-quarter profit on Wednesday, as the insurance broker giant benefited from robust demand for its commercial risk management offerings. The construction business has benefited from strong data center spending by Big Tech firms, boosting demand …
POSTED JULY 30, 2026 2:06 PM |
Hippo Sees Q2 Net Income Jump on Casualty, Commercial Lines Growth
Insurtech Hippo posted net income for the second quarter 2026 of $10.1 million compared with about $1.3 million for the period a year ago. For the first six months of 2026, net income at the San Jose, California-based insurer was …
POSTED JULY 30, 2026 1:27 PM |
Houthis’ Red Sea Attacks Prompt London Insurers to Widen High-Risk Zone
Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea. The Joint War Committee comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance …
POSTED JULY 30, 2026 1:03 PM |
Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.” We estimate industry-wide insurance claims could reach the low hundreds of billions of …
POSTED JULY 30, 2026 12:12 PM |
Drone Strike Near Suez Canal in Egypt Raises New Security Threat in Widening War
A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe export route for Saudi …
POSTED JULY 30, 2026 11:30 AM |
US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls
The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced …
POSTED JULY 30, 2026 11:01 AM |
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …
POSTED JULY 30, 2026 5:16 AM |
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
One theme that has come up repeatedly in conversations with reinsurance brokers recently is that achieving a good renewal outcome is no longer always enough to demonstrate value. That would have sounded like a strange concern a few years ago. …
POSTED JULY 30, 2026 5:10 AM |
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base
Insurtech Lemonade reported a second quarter 2026 net loss of about $43 million compared with a loss of about $44 million during the same time in 2025. Lemonade said its topline growth was positive, with 76% increase in year-over-year gross …
POSTED JULY 30, 2026 5:05 AM |
West News Archives - Insurance Journal
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …
POSTED JULY 30, 2026 5:16 AM |
Travelers Expands Product Liability Product to California Life Sciences
Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any …
POSTED JULY 30, 2026 5:00 AM |
Ventura County DA Gets $900,000 to Combat Workers’ Comp Fraud
The Ventura County District Attorney’s Office was awarded $898,840 from to investigate prosecute workers’ compensation fraud for the fiscal year. The grant, awarded through the California Department of Insurance, funds the DA’S Workers’ Compensation Fraud Unit. The unit includes prosecutors, …
POSTED JULY 29, 2026 2:57 PM |
Kin Launches Condo and Flood Insurance Options in California
Kin launched two new coverages for California homeowners — condo (HO6) insurance and a flood insurance add-on to Kin home insurance policies. The condo policies are designed to account for wildfire mitigation steps a homeowner has already taken — including …
POSTED JULY 29, 2026 5:00 AM |
Edison Rejects Blame for LA Fire Tied to Tower Idle Since 1971
Edison International’s Southern California utility is urging a Los Angeles judge not to find the company liable for property damages from a 2025 Los Angeles wildfire that destroyed more than 9,400 buildings. Southern California Edison argued in a court filing …
POSTED JULY 28, 2026 2:45 PM |
Formula 1 Parent Reaches $3M Settlement in Las Vegas Grand Prix Tickets Suit
Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race. The opening-night practice session …
POSTED JULY 28, 2026 1:56 PM |
Police Detained 15-Year-Old After Deadly Shooting in Seattle
Seattle Mayor Katie Wilson said police detained a 15-year-old suspect after a Sunday shooting in which three people were killed and others were wounded. At least two people exchanged gunfire at the event, Wilson said in a news conference Monday …
POSTED JULY 28, 2026 5:00 AM |
A Third of Americans Swelter as Summer Heat Tests Power Grid
More than a third of Americans are facing a scorching heat that threatens to topple temperature records and stress power grids as homeowners and businesses crank up air conditioners to seek relief. More than 134 million people are under some …
POSTED JULY 27, 2026 3:55 PM |
Why Wildfires Pose Multiple Threats to US West Power Sector: Maguire
For years, wildfire season was largely viewed as a threat to homes, forests and utility infrastructure in the American West. But as smoke from fires blankets large swaths of the country, it is becoming something else too: a power-sector challenge. …
POSTED JULY 27, 2026 5:00 AM |
People Moves: Lara Appoints California Statewide Advisory Board Members
California Insurance Commissioner Ricardo Lara made several appointments and reappointments to the California Department of Insurance’s statewide governing boards. These include naming newly appointed members Andrea Hecht and Jim Taylor to the California Insurance Guarantee Association (CIGA) Board of Governors …
POSTED JULY 27, 2026 5:00 AM |
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