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News Archives - Insurance Journal
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio
Insurer Chubb booked fourth quarter net income 24.7% higher than a year ago at about $3.2 billion. Results included record P/C underwriting income of $2.2 billion, up nearly 40% over the same period in 2024. The P/C combined ratio was …
POSTED FEBRUARY 03, 2026 9:46 PM |
People Moves: Marsh Names Quest as UK CEO, Succeeding Lay; TMK Taps Carpenter’s Sitki as Cyber Re U/W; Everest Promotes 2 Key Leaders in Facultative & Hybrid Re
This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …
POSTED FEBRUARY 03, 2026 5:14 PM |
Florida Appeals Court Blocks Punitive Damages Claim in Car-Sharing Crash Case
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
POSTED FEBRUARY 03, 2026 5:05 PM |
Allianz Commerical Relocates Chicago Office
Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …
POSTED FEBRUARY 03, 2026 4:50 PM |
Specialty Program Group Launches SPG Transportation
Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …
POSTED FEBRUARY 03, 2026 4:42 PM |
Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit
A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will pay $80,000 and provide …
POSTED FEBRUARY 03, 2026 4:36 PM |
Texas Data Centers to Rely on Gas Power Plants
Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s …
POSTED FEBRUARY 03, 2026 4:33 PM |
After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify
Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the …
POSTED FEBRUARY 03, 2026 4:23 PM |
Florida Cold Damages Citrus Crop, Strains Power Supplies
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
POSTED FEBRUARY 03, 2026 2:37 PM |
KCC: Winter Storm Fern to Cause $6.7M in Insured Losses
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
POSTED FEBRUARY 03, 2026 2:25 PM |
West News Archives - Insurance Journal
Arizona Experienced 25% Decrease in Vehicle Thefts in 2025, New Report Shows
Vehicle thefts fell by 25% in Arizona in 2025 to the lowest rate in decades, and the third consecutive year of a decrease in the state, a new report shows. Data from the Arizona Automobile Theft Authority’s Auto Crime Tracker …
POSTED FEBRUARY 03, 2026 6:00 AM |
California Light Bulb Maker Paying $100K for Firing Pregnant Worker
A California lightbulb manufacturer is paying $100,000 to settle a pregnancy discrimination lawsuit. Feit Electric Inc., a lightbulb manufacturer based in Los Angeles, must pay $100,000 and provide other relief to settle the pregnancy discrimination suit filed by the U.S. …
POSTED FEBRUARY 03, 2026 6:00 AM |
Bill Introduced to ‘Transform’ the California FAIR Plan
A bill to initiate reforms to the California FAIR Plan that include changes to customer service and claims, and added transparency was introduced on Monday. Assembly Bill 1680, the Make It FAIR Act, authored by Assemblymember Lisa Calderon and sponsored …
POSTED FEBRUARY 02, 2026 9:06 PM |
Cluster of Quakes Felt Around San Francisco Bay, Including a M4.2
A cluster of earthquakes in the San Francisco Bay Area early Monday including a magnitude 4.2 temblor was felt by thousands. The United States Geological Survey reported more than two dozen different quakes. The largest was a M4.2 east of …
POSTED FEBRUARY 02, 2026 5:43 PM |
Two Companies Made Dried Milk Powder Linked to Botulism in Baby Formula
Two companies processed and supplied dried milk powder that could be a culprit in the outbreak of botulism tied to ByHeart infant formula that has sickened dozens of babies, The Associated Press has learned. Organic whole milk powder that tested …
POSTED FEBRUARY 02, 2026 6:00 AM |
Meta Faces New Mexico Trial Over Child-Exploitation Claims
Meta Platforms is set to face trial this week in a lawsuit brought by the state of New Mexico accusing it of exposing children and teens to sexual exploitation on its platforms and profiting from it, the first case of …
POSTED FEBRUARY 02, 2026 6:00 AM |
California Accelerates Work on EV Rules, Tax Credits That Trump Opposes
California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state’s top air regulator said. California is fighting in the courts and in the U.S. Congress against President …
POSTED JANUARY 30, 2026 7:41 PM |
People Moves: Trucordia Names Nelson VP of Public Relations; Hub Hires Ackerman as SVP, Private Client Risk Services
Trucordia Appoints Nelson as VP of Public Relations Trucordia hired Jason Nelson as vice president of public relations, a new role focused on the firm’s PR strategy, media presence, community engagement and brand. Nelson has more than two decades of …
POSTED JANUARY 30, 2026 6:00 AM |
Oregon Disabling Workers’ Comp Claims Fell in 2024
Oregon recorded fewer accepted disabling workers’ compensation claims in 2024 even as statewide employment continued to rise, new data from the state’s Department of Consumer and Business Services show. The Oregon Workers’ Compensation Division received 21,749 accepted disabling claims last …
POSTED JANUARY 30, 2026 6:00 AM |
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
Los Angeles County District Attorney Nathan Hochman asked the county to hold off on making initial payments for a landmark $4 billion sexual abuse settlement while his office conducts a criminal investigation of potentially fraudulent claims. In a letter to …
POSTED JANUARY 30, 2026 6:00 AM |
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