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News Archives - Insurance Journal
TikTok Finalizing Trio of Settlements in Addiction Litigation
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved …
POSTED AUGUST 04, 2026 3:32 PM |
Government to Turn Kentucky Uranium Plant into AI Data Center
The U.S. Department of Energy is harnessing the artificial intelligence boom in its bid to convert another Cold War-era uranium enrichment site, tapping private equity to fund a $100 billion data center complex that will include its own new natural …
POSTED AUGUST 04, 2026 3:31 PM |
Bring It On: AI Strategy Sways Underwriter Choices of Employers
Property/casualty insurance underwriters are worried about AI tools taking over their jobs. Now, according to a recent survey, nearly three-quarters say they’re opting for companies with clear AI strategies as employers. The result shows up in the report “The Future …
POSTED AUGUST 04, 2026 2:39 PM |
Florida’s Edison Files for 9.8% Average Residential Rate Drop
Boca Raton-based Edison Insurance Co., now with more than 145,000 policies in force, has joined the list of Florida property insurers filing for rate decreases this year, three years after state lawmakers approved significant disincentives for claims litigation. Edison recently …
POSTED AUGUST 04, 2026 2:16 PM |
Lawsuit Says EEOC Has Halted All Federal-Sector Class Complaints
A labor union and two female prison employees filed a lawsuit late last month accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class …
POSTED AUGUST 04, 2026 1:45 PM |
Washington Man Charged With Starting Devastating Spokane Fire
A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that is devastating Spokane, the County Sheriff’s Office said in a statement. Aaron Farinacci, of Spokane, was taken into custody at …
POSTED AUGUST 04, 2026 1:27 PM |
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar
Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said on Tuesday, which has so far raised $1 billion. The capital raise includes a credit facility and equity commitments from …
POSTED AUGUST 04, 2026 1:12 PM |
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse. The commercial-property bond, backed by the mortgage on 53 buildings across Queens, Brooklyn, …
POSTED AUGUST 04, 2026 12:40 PM |
Hormuz Traffic at a Trickle as Ship Attacks Heighten Concerns
Observable traffic transiting the Strait of Hormuz remained at a trickle as attacks on vessels and Iranian threats heightened safety concerns for shipowners and crews considering a trip through the waterway. Shipping activity was subdued on Tuesday after six smaller …
POSTED AUGUST 04, 2026 10:32 AM |
China Signals Nation Is Ready to Lead Global Climate Action
China signaled it plans to take a more important role in steering the global campaign to tackle climate change, as officials offered further details on strategy to mitigate and adapt to rising temperatures. The nation “will constructively lead the multilateral …
POSTED AUGUST 04, 2026 9:56 AM |
West News Archives - Insurance Journal
Washington Man Charged With Starting Devastating Spokane Fire
A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that is devastating Spokane, the County Sheriff’s Office said in a statement. Aaron Farinacci, of Spokane, was taken into custody at …
POSTED AUGUST 04, 2026 1:27 PM |
California High Court Rules for Gilead, Says Drugmakers Don’t Have ‘Duty to Innovate’
California’s highest court ruled on Monday that manufacturers of drugs that are considered safe do not owe a duty to patients to try developing drugs that could be even safer, ruling in favor of Gilead Sciences in the closely watched …
POSTED AUGUST 04, 2026 5:00 AM |
Farmers Files to Expand Coverage, Raise Rates for California Small Businesses
Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …
POSTED AUGUST 03, 2026 5:28 PM |
Wildfires Destroy Hundreds of Structures in Washington State
Hundreds of structures have been destroyed and tens of thousands of people have been evacuated, as wildfires rip through eastern Washington state in what Spokane Mayor Lisa Brown called “the worst natural disaster our region has faced.” As of about …
POSTED AUGUST 03, 2026 1:17 PM |
US Proposes Deep Colorado River Water Cuts For Arizona, California, Nevada
The U.S. government proposed deep cuts to water supply for Arizona, California and Nevada during dry years in a new plan it released on Friday to operate the drought-stricken Colorado River. Lawsuits from states could challenge the federal intervention and …
POSTED AUGUST 03, 2026 5:00 AM |
Silicon Valley Enclave Most Expensive US ZIP as AI Wealth Surges
In the Silicon Valley enclave of Atherton, a six-bedroom, nine-bath mansion featuring a theater, a private rose garden and a spa hit the market earlier this year for nearly $32 million. It found a buyer within 72 hours, more than …
POSTED AUGUST 03, 2026 5:00 AM |
Edison Says Its Equipment Likely Associated With 2025 LA Fire
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
POSTED JULY 31, 2026 5:00 AM |
People Moves: UCA Names Balakrishnan Controller, Makes Lemon VP of Underwriting
UCA General Insurance Services Inc., promoted Vijayalakshmi Balakrishnan to vice president, controller. Balakrishnan joined UCA’s accounting team in 2022. In her new capacity, she leads the accounting department and joins the company’s management team. She previously served as an accountant …
POSTED JULY 31, 2026 5:00 AM |
Los Angeles’ Rare Humidity Tied to Pacific Heat, Climate Change
Los Angeles isn’t the first place people think of as sultry in summer. But an unusually warm Pacific Ocean is pushing humidity to uncommon levels in a region better known for dry heat. A marine heat wave stretching across the …
POSTED JULY 30, 2026 4:22 PM |
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 |
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