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News Archives - Insurance Journal
People Moves: Grange Names Conte Chief Distribution Officer; McCabe to Succeed Wilcox as EVP and COO, Personal Lines, at Encova
Grange Insurance Names Conte Chief Distribution Officer Grange Insurance, based in Columbus, Ohio, named Krista Conte chief distribution officer. With more than 20 years of industry experience, Conte most recently served as executive vice president of insurance and distribution at …
POSTED JULY 22, 2026 4:20 PM |
Insurer Rewards Can Boost Climate Resilience Spending, Aon Says
Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …
POSTED JULY 22, 2026 3:56 PM |
OpenAI Models Hacked Another Company’s Systems by Mistake
OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …
POSTED JULY 22, 2026 3:25 PM |
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property
Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …
POSTED JULY 22, 2026 2:55 PM |
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show
At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9% of all homeowners’ claims in the U.S. …
POSTED JULY 22, 2026 2:52 PM |
Google Expands in Miami After Its Billionaire Founders Buy Homes
Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …
POSTED JULY 22, 2026 2:02 PM |
UK Lawmaker Lucy Rigby Appointed City Minister in Charge of Financial Services
New Prime Minister Andy Burnham appointed Lucy Rigby as Britain’s City Minister on Tuesday, putting her in charge of overseeing the country’s financial services sector. Rigby was in that role under Keir Starmer’s government between September last year and May …
POSTED JULY 22, 2026 1:49 PM |
Insurance M&A Pace Down 15% in First Half 2026: OPTIS
Insurance agency mergers & acquisitions in the first six months of 2026 were down 15% compared with the same period last year. As it did in its first-quarter report, investment banking and financial consulting firm OPTIS Partners said a downward …
POSTED JULY 22, 2026 1:43 PM |
Luxury Homes Are Raising Risks for California FAIR Plan
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
POSTED JULY 22, 2026 1:19 PM |
Insurers Must Defend Hotels Accused of Sex Trafficking of Minors
Insurance companies cannot invoke “overriding public policy” in order to refuse to defend insured hotel owners and managers accused of enabling and profiting off of sex trafficking of minors, even though the state has criminalized such trafficking. “[N]either an insurer’s …
POSTED JULY 22, 2026 12:44 PM |
West News Archives - Insurance Journal
Luxury Homes Are Raising Risks for California FAIR Plan
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
POSTED JULY 22, 2026 1:19 PM |
Hybrids Boom as EVs Fall Out of Favor Even in California
In America’s EV stronghold, another type of vehicle is rapidly gaining ground. Hybrids accounted for almost one in every four automobiles registered in California in the second quarter, according to newly released data from the California New Car Dealers Association. …
POSTED JULY 22, 2026 5:00 AM |
Report: Arizona Vehicle Thefts Continued to Decline in First Half of Year
Arizona vehicle thefts continued to fall in the first half of 2026, down 24% in year-to-year thefts compared with the first half of 2025, the Arizona Automobile Theft Authority reported. AATA reported that for the first six months of 2026, …
POSTED JULY 22, 2026 5:00 AM |
People Moves: Mutual of Enumclaw Appoints Roddy as CFO; Vouch Expands Its Leadership Team
Mutual of Enumclaw Insurance Holding Company Appoints Roddy as CFO Mutual of Enumclaw (MOE), headquartered in Enumclaw, Washington, appointed Scott Roddy as chief financial officer (CFO) of the Mutual of Enumclaw Insurance Holding Company. Roddy brings more than 20 years …
POSTED JULY 21, 2026 5:00 AM |
LA Dodgers Owner’s Insurers Being Probed by Prosecutors
The billionaire Los Angeles Dodgers owner Mark Walter’s sprawling investment empire is facing scrutiny from U.S. prosecutors, who have been investigating potential financial improprieties at two of his insurance companies and at Guggenheim Partners LLC, according to people with knowledge …
POSTED JULY 21, 2026 5:00 AM |
License Pulled for Utah Boarding School Where Paris Hilton Says She Was Abused
Utah revoked another campus license on Friday for the boarding school where Paris Hilton said she was abused as a teenager, marking a major victory in the hotel heiress’ yearslong effort to get the school shut down. The Utah Department …
POSTED JULY 20, 2026 2:26 PM |
California Utility Has Offered $750M in Program for Eaton Fire Victims
Southern California Edison announced that more than $750 million has been offered through its Wildfire Recovery Compensation Program to compensate people impacted by one of the massive 2025 Los Angeles wildfires. The company said there’s continued interest in its voluntary …
POSTED JULY 20, 2026 5:00 AM |
Taco Bell Lettuce From California Farm Supplier Linked to Cyclosporiasis Outbreak
Shredded iceberg lettuce supplied to Yum Brands’ Taco Bell restaurants by California-based supplier Taylor Farms has been identified by investigators as a potential source of contamination in the cyclosporiasis outbreak that has sickened thousands of people in the U.S., the …
POSTED JULY 17, 2026 1:37 PM |
People Moves: Gabbay Elected to CopperPoint Board of Directors
CopperPoint Insurance Company elected Steve Gabbay to the CopperPoint Mutual Insurance Holding Company board of directors. Since 2009, Gabbay has been the chief operating officer of YAM Worldwide, which operates more than a dozen companies across a variety of industries. …
POSTED JULY 17, 2026 5:00 AM |
California Rivals Have Starkly Different Plans to Remake Home Insurance
As high temperatures bake California and strong winds make it more susceptible to fire, voters in the state are being wooed by political candidates with divergent visions for how to protect homes from stepped-up climate risks. California has the nation’s …
POSTED JULY 17, 2026 5:00 AM |
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