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News Archives - Insurance Journal
London Marine Insurers Still Provide Middle East Cover as War Risk Rates Rise: Gallagher
Marine insurers in the London market continue to offer cover in the Middle East, despite rising war risk premiums driven by escalating conflict in the Gulf, insurance broker Gallagher’s Marine Divisional Director Angus Blayney said on Wednesday. Rates have increased …
POSTED MARCH 05, 2026 8:24 AM |
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations
As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are discovering a harsh reality: their travel insurance won’t cover replacement flights or extended hotel stays. Insurers, including industry giants Allianz SE and …
POSTED MARCH 05, 2026 8:00 AM |
Marsh, Aon in Talks With US on Insuring Tankers in Hormuz
Marsh and Aon Plc, two of the world’s largest insurance brokers, are in talks with the US government on a plan to help insure tankers navigating the Strait of Hormuz energy chokepoint. President Donald Trump said on Tuesday the US …
POSTED MARCH 05, 2026 7:42 AM |
AmFam Reports Underwriting Profit, Top-Line Decline for 2025
American Family Insurance reported $2 billion more underwriting profit in 2025, compared with 2024—pointing to “deliberate customer-driven strategic actions and a lower level of catastrophe losses to explain the favorable result. The actions meant declines on the top line, the …
POSTED MARCH 05, 2026 7:37 AM |
Bayer’s $7.25B Roundup Settlement Gets Initial OK From Judge
A state court judge in Missouri gave an initial green light on Wednesday to a proposed $7.25 billion settlement to resolve thousands of lawsuits claiming Bayer’s Roundup weedkiller causes cancer. Judge Timothy Boyer in St. Louis granted preliminary approval to …
POSTED MARCH 05, 2026 6:15 AM |
How State Farm, USAA Boost Customer Retention: Historic Dividends
While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. State Farm …
POSTED MARCH 05, 2026 6:09 AM |
Viewpoint: Business Interruption Insurance Must Catch Up With Climate Volatility
In the wake of recent weather events around the world, whether it’s the bomb cyclone that hit the US from the Gulf Coast to New England, or the combination of Storms Ingrid and Chandra battering the south coast of the …
POSTED MARCH 05, 2026 6:04 AM |
Banks on High Alert for Cyberattacks as Iran War Escalates
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
POSTED MARCH 05, 2026 6:02 AM |
Viewpoint: Alabama Needs Tort Reform, Too, as Litigation Costs Rise
Editor’s note: No significant tort-reform legislation is currently making its way through the Alabama Legislature. But at least one state senator is calling for action. Good news continues to roll out of the Sunshine State. Florida Governor Ron DeSantis recently …
POSTED MARCH 05, 2026 6:02 AM |
Westchester Close to Settling on Hurricane Sally Condo Claim That Topped $230M
Westchester Surplus Lines Insurance has reached a settlement with a Florida condominium association in a hurricane claim, three years after the condo claimed damages that insurers said were so inflated that they were termed “outrageous.” “This matter involves an egregious …
POSTED MARCH 05, 2026 6:02 AM |
West News Archives - Insurance Journal
Cal/OSHA Fines Fabricator $212K Over Employee Finger Amputation
California safety regulators levied a heavy fine against a metal fabricator over an incident that cost a worker a finger. Cal/OSHA fined All FAB Precision Sheetmetal $212,850 after a June 2025 press brake incident in San Jose amputated a worker’s …
POSTED MARCH 05, 2026 6:00 AM |
SullivanCurtisMonroe Acquries Stepco Insurance Agency
SullivanCurtisMonroe has acquired Stepco Insurance Agency. The Stepco group will join SCM’s Pasadena team. Stepco was founded in 1962 as George Joseph & Associates, dba Mercury Insurance Agency. In 1983, CEO Steve Stepanian took over the agency from his brother-in-law, …
POSTED MARCH 04, 2026 6:00 AM |
Little Ceasars Franchise in California Settles for $409K Over Worker Pay
The operator of a pizza parlor in California must pay back wages following an investigation that showed the business did not pay the required minimum wage and overtime. The U.S. Department of Labor reached a settlement agreement with the operator …
POSTED MARCH 04, 2026 6:00 AM |
Family Members Arraigned in California Auto Insurance Fraud Scheme
A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple counts of …
POSTED MARCH 03, 2026 6:00 AM |
California Insurance Agent Fraud Found After Student Athlete Death
A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts, including …
POSTED MARCH 03, 2026 6:00 AM |
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
POSTED MARCH 02, 2026 2:31 PM |
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
Aspire Acquiring PolicyOne in California
Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …
POSTED MARCH 02, 2026 6:00 AM |
OSHA Penalizes Businesses Over 6 Deaths at Colorado Dairy
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety …
POSTED FEBRUARY 27, 2026 6:00 AM |
SPG Acquires Property Specialist Proper in Montana
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of …
POSTED FEBRUARY 27, 2026 6:00 AM |
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