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News Archives - Insurance Journal
Oakbridge Teams Up with Valentine Agency in Memphis
Oakbridge Insurance, ranked as one of the 50 largest independent U.S. brokerages, has signed an agreement with Valentine Insurance in Memphis, the firms announced. The deal is a strategic partnership/joint venture, not a true acquisition. The Memphis agency will be …
POSTED AUGUST 12, 2026 3:37 PM |
AI Giants Are Quiet on Climate in Sign of Post-ESG Wall Street
In a few short years, US artificial intelligence startups have grown into some of the most powerful and influential businesses in the world, reaching near-trillion-dollar valuations. As two of them, Anthropic and OpenAI, prepare for initial public offerings, there’s a …
POSTED AUGUST 12, 2026 3:34 PM |
Brown & Brown EVP and Retail Head Steps Down With $2.5M Severance Pay
Brown & Brown’s executive vice president and grandson of the brokerage’s founder has resigned, marking another turning point in what may prove to be one of the most turbulent periods in the 87-year-old company’s history. P. Barrett Brown, younger brother …
POSTED AUGUST 12, 2026 3:16 PM |
Heatwaves Could Cost France €10 Billion-€15 Billion, Environment Minister Says
The heatwaves that have hit France in recent months could result in €10 billion to €15 billion ($17 billion) in direct and indirect costs, French environment minister Monique Barbut said on Wednesday. Barbut cited estimates from France’s national statistics agency, …
POSTED AUGUST 12, 2026 2:46 PM |
Business Moves: FM Acquires Wildfire Intelligence Firm FortressFire
Commercial property insurer FM said it has acquired FortressFire, a provider of wildfire intelligence solutions for homes, businesses and communities. FortressFire will operate as an independent, wholly owned division of Johnston, Rhode Island-based FM and will continue its work to …
POSTED AUGUST 12, 2026 2:30 PM |
Insurtech Root, The Zebra Partner on Auto Insurance
Root Inc. and The Zebra said they have partnered to make auto insurance easier for consumers and agents. Quotes from Columbus, Ohio-based insurtech Root can be received via TheZebra.com, an insurance marketplace and agent network. The consumers will go directly …
POSTED AUGUST 12, 2026 2:06 PM |
People Moves: World Insurance Names CFO, World Retail
World Insurance Associates Names Casey CFO World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Ann Casey as World Retail chief financial officer effective September 1. Casey will lead the retail controllership and retail M&A accounting integration functions and …
POSTED AUGUST 12, 2026 11:20 AM |
OSHA Fines Maine Pulp Mill $700K for Chemical Release That Killed 2 Workers
A federal investigation into the release of a deadly gas at a Baileyville-based wood pulp mill found that the employer exposed workers to safety and health hazards that resulted in the death of two workers. The Occupational Safety and Health …
POSTED AUGUST 12, 2026 11:12 AM |
Putin Threatens Retaliation Over EU Moves to Seize Russian Ships
Russian President Vladimir Putin threatened to retaliate against any European Union moves to seize his country’s commercial ships, calling such actions “piracy.” As part of a new sanctions package last month, the bloc approved a mechanism allowing member states to …
POSTED AUGUST 12, 2026 10:19 AM |
Viewpoint: Is it Time to Rethink the ‘Secondary-Peril’ Label and Reclassify Risk?
As climate events intensify, exposure is expanding, and loss severities from secondary perils, such as convective storms, wildfires, floods and hail, are no longer easily dwarfed by hurricanes or earthquakes. These perils have contributed significantly to the insured losses in …
POSTED AUGUST 12, 2026 9:38 AM |
West News Archives - Insurance Journal
Inszone Insurance Acquires Two Fong’s in California
Inszone Insurance Services acquired Two Fong’s Inc in California. Founded in 1982 and acquired by its current leadership, Al and Pete Fong, in 2000, Two Fong’s has maintained a presence across the Bay Area, specializing in commercial property and lessor’s …
POSTED AUGUST 12, 2026 5:00 AM |
Edison Judge Balks at Holding Utility Liable for LA Wildfire
Insurance companies lost a bid to hold Edison International’s Southern California utility liable for a massive Los Angeles-area wildfire without a trial. Superior Court Judge Laura Seigle on Tuesday tentatively denied a request to put Southern California Edison on the …
POSTED AUGUST 12, 2026 5:00 AM |
Montana Auditor Suspends Producer License of Bail Bondsman Accused of Exploitation
Montana State Auditor James Brown suspended the insurance producer license of a bail bondsman accused of exploiting people under his supervision, including trading services for sex and allegedly taking possession of vehicle titles without proper documentation, authorization or timely return …
POSTED AUGUST 11, 2026 5:00 AM |
Oregon Scam Targeting Spanish-Speaking Injured Workers May Include Fake Judges
A sophisticated scam targeting Spanish-speaking injured workers is ongoing in Oregon, authorities are warning. The Oregon Department of Consumer and Business Services is warning people the scam targeting Spanish-speaking injured workers in Oregon and around the country involves workers being …
POSTED AUGUST 11, 2026 5:00 AM |
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard From Logo on Seat
Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and …
POSTED AUGUST 10, 2026 2:25 PM |
Body Found in California Home Burned by Wildfire Believed Started by Chain Saw
A dead body was found inside a central California home burned by a wildfire that investigators believe was accidentally started by sparks from a chain saw, authorities said last week. Herbert Wayne Smith, 65, was arrested in connection with the …
POSTED AUGUST 10, 2026 5:00 AM |
Meta Ordered to Pay $567 Million In New Mexico for Teen Mental Health Fund
A New Mexico state court ordered Meta on Thursday to pay $567 million into a teen mental health fund and change how its platforms function for young users after finding the company is to blame for harming children’s wellbeing. Judge …
POSTED AUGUST 07, 2026 8:03 PM |
Washington Arson Suspect Timed Fire for High Wind Day
The 37-year old man suspected of starting one of the fires burning around Spokane, Washington told a detective that he planned the arson attack for Sunday to coincide with a “high winds” day, according to court documents. That blaze was …
POSTED AUGUST 07, 2026 12:55 PM |
California Sees Second Straight Year of Vehicle Theft Declines
California recorded its second straight year of declining vehicle thefts last year, the California Highway Patrol is reporting. According to the CHP’s, thieves stole roughly 133,000 vehicles in California in 2025, which represents a 25% decrease from the 176,230 vehicles …
POSTED AUGUST 07, 2026 5:00 AM |
Republican Senators Propose Repealing California Emissions Rules
Four Republican U.S. senators on Thursday proposed repealing landmark California vehicle emissions rules in a bid to prevent the state from imposing stricter tailpipe requirements than the federal government. The U.S. Environmental Protection Agency in June sent the Republican-controlled Congress …
POSTED AUGUST 07, 2026 5:00 AM |
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