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News Archives - Insurance Journal
Markets/Coverages: Marsh Launches US Lead Umbrella Casualty Facility
Marsh Risk said it has launched launched MLOne, a US lead umbrella casualty facility designed to deliver stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. Designed to sit above any primary casualty program, MLOne …
POSTED JULY 13, 2026 2:13 PM |
Seafarers Attacked in Strait of Hormuz Sue Shipping Company in Thailand
Three former crew members of a Thai cargo ship struck in the Strait of Hormuz in March filed a lawsuit Friday against the vessel’s operator over labor rights violations and unfair dismissal. The ship, the Mayuree Naree, was hit by …
POSTED JULY 13, 2026 1:57 PM |
Low Water Hampers Rhine River Shipping in Germany, Transport Costs Rise
Low water levels in a current heatwave are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany, increasing costs for freight transport, commodity traders said on Monday. Shallow water means vessel operators are imposing surcharges on …
POSTED JULY 13, 2026 12:26 PM |
Ryanair Passenger Partly Sucked From Jet After Window Breaks
A Ryanair Holdings Plc flight was forced to make an emergency landing in Greece on Friday morning after a window on the Boeing Co. 737 dislodged soon after takeoff, causing panic on board after one passenger was reportedly partially sucked …
POSTED JULY 13, 2026 12:04 PM |
Europe Battles Growing Wildfires After Relentless Heat
Wildfires are breaking out across Europe after three heat waves and weeks of low rainfall left much of the continent dangerously dry, with crews battling blazes south of Paris and in the UK, while Spain reels from one of its …
POSTED JULY 13, 2026 11:37 AM |
China to See Unusually Active Typhoon Season After Bavi Passes
China may encounter stronger and more frequent tropical cyclones over the summer months, according to the national climate agency, even after Typhoon Bavi faded over the weekend without causing the widespread flooding that some forecasters had feared. In its latest …
POSTED JULY 13, 2026 11:19 AM |
Ships Transit Hormuz in Secret as US and Iran Trade Strikes
A handful of ships have passed through the Strait of Hormuz in secret in recent days, even as observable crossings all but ceased after a flare-up in fighting between the US and Iran. All of the six commodity carriers that …
POSTED JULY 13, 2026 11:08 AM |
New York Times Countersues EEOC Over DEI Lawsuit
The New York Times in a court filing on Friday accused the U.S. Equal Employment Opportunity Commission of illegally retaliating against the newspaper for its coverage of President Donald Trump’s administration by suing it for passing over a white man …
POSTED JULY 13, 2026 5:10 AM |
Ranking: Who Are the Insurance Industry’s AI Talent, Maturity Leaders?
One out of every 50 employees working at a group of 30 large insurers is an AI specialist, according to an analysis published by a benchmarking firm, which ranks Allianz, AXA and Chubb as AI talent leaders. For London-based Evident, …
POSTED JULY 13, 2026 5:06 AM |
Apple Sues OpenAI for Trade Secret Theft in Pivotal Case
Apple Inc. sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. The iPhone maker said in a suit Friday that OpenAI encouraged …
POSTED JULY 13, 2026 5:05 AM |
West News Archives - Insurance Journal
California Driver Sentenced for Insurance Fraud After Crash Caught on Dashcam
A California driver was sentenced for filing a fraudulent insurance claim after dashcam footage showed him involved in a road rage incident that caused the accident. Kenneth Pham Tran, 54, of San Jose, was sentenced after dashcam footage showed him …
POSTED JULY 13, 2026 5:00 AM |
California Insurance Commissioner OKs Upping Workers’ Comp Pure Premium 10.4%
California Insurance Commissioner Ricardo Lara approved workers’ compensation advisory pure premium rates that average 10.4% than last year. The Workers’ Compensation Insurance Rating Bureau of California submitted a pure premium rate filing in May to the commissioner proposing September 1, …
POSTED JULY 13, 2026 5:00 AM |
People Moves: Trucordia Names Roberts EVP, Health Benefits & Financial Services; Arrowhead Programs Adds Kaufman as SVP and Chief Actuary
Trucordia Names Roberts as EVP, Health Benefits & Financial Services Trucordia named Steve Roberts executive vice president, health benefits and fnancial services. Roberts has more than three decades of experience leading growth, modernization and transformation across major healthcare and benefits …
POSTED JULY 13, 2026 5:00 AM |
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for …
POSTED JULY 10, 2026 1:17 PM |
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California …
POSTED JULY 10, 2026 5:00 AM |
Trucordia Acquires Assets of Dominion Insurance Services in California
Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group …
POSTED JULY 10, 2026 5:00 AM |
California Bill to Let Insurers Use Driver Telematics Mulled by Legislature
A California bill to enable carriers to offer auto insurance discounts for good driving behavior is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law, Proposition 103. The bill, the Consumer Driving Data …
POSTED JULY 09, 2026 2:59 PM |
Apple’s $30B Spend on Broadcom Chips Will Expand Colorado Factory
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday. Broadcom disclosed on Monday …
POSTED JULY 09, 2026 5:00 AM |
Edison Gets Mixed Rulings on Bid to Spread Blame for LA Wildfire
A judge rejected Southern California Edison’s attempt to shift blame to Los Angeles County for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire …
POSTED JULY 09, 2026 5:00 AM |
Wildfire Risk Rises Across US West as Winds, Dry Lightning Build
Strong winds and dry thunderstorms are raising the risk of fast-moving wildfires across much of the U.S. West, where forecasters warned conditions will favor new ignitions and rapid fire spread through Thursday. An elevated fire-weather outlook, Level 1 on the …
POSTED JULY 08, 2026 1:18 PM |
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