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News Archives - Insurance Journal
Latent Construction Defects: A Hidden Source of Disputed Water Losses in Fast-Built Texas Markets
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …
POSTED JUNE 16, 2026 2:59 PM |
Lawsuit Dismissed of Ex-Yosemite Ranger Fired for Hanging Transgender Flag
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
POSTED JUNE 16, 2026 2:53 PM |
Markets/Coverages: Nationwide, Barn Owl Partner to Monitor Rural Property Owners
Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …
POSTED JUNE 16, 2026 2:53 PM |
People Moves: Cincinnati’s Kellington to Retire as CTO, Osborn to Assume Position
Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …
POSTED JUNE 16, 2026 2:48 PM |
Skydiving Plane Crash Brings Attention to Industry’s Weak Oversight
Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …
POSTED JUNE 16, 2026 2:45 PM |
Texas Flood Threat Persists as Gulf System Nears Storm Status
The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …
POSTED JUNE 16, 2026 2:40 PM |
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
Motley, complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
POSTED JUNE 16, 2026 2:36 PM |
Almost All of World’s Children Exposed to Climate Hazards, UN Agency Says
Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …
POSTED JUNE 16, 2026 2:08 PM |
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …
POSTED JUNE 16, 2026 2:01 PM |
Allianz Is Said to Lead Bidding for HSBC Life Singapore
Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …
POSTED JUNE 16, 2026 1:40 PM |
West News Archives - Insurance Journal
Lawsuit Dismissed of Ex-Yosemite Ranger Fired for Hanging Transgender Flag
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
POSTED JUNE 16, 2026 2:53 PM |
CVS Paying $36.5 Million for Overbilling Medi-Cal for Insulin Pens
CVS is paying $36.5 million for submitting false claims to the Medi-Cal program for excessive dispensing of insulin pens. A settlement pursued by California Attorney General Rob Bonta in collaboration with the United States Department of Justice with CVS Pharmacy, …
POSTED JUNE 16, 2026 5:00 AM |
Washington County Prosecuting First Insurance Fraud Case Under OIC Deal
A county with one of the highest volumes of insurance fraud cases in Washington has filed its first changes under a new agreement with the state’s insurance regulator. The Pierce County Prosecuting Attorney’s Office filed insurance fraud charges in Pierce …
POSTED JUNE 16, 2026 5:00 AM |
Tugboat in California Closes $3M Seed Round to Expand Claims Support
Tugboat, a consumer insurance platform that helps homeowners with property damage and insurance claims, announced an oversubscribed $3 million in seed funding to scale its platform and offer expanded claim support for homeowners. The round was led by ResilienceVC with …
POSTED JUNE 15, 2026 1:01 PM |
California Man Charged With Defrauding Western Alliance Bank Out Of $100M
A California man has been criminally charged with defrauding Western Alliance Bancorp out of nearly $100 million by falsifying title insurance policies to inflate the value of collateral he pledged to obtain loans. In a complaint made public on Wednesday, …
POSTED JUNE 15, 2026 5:00 AM |
Two California Insurance Commissioner Candidates Are Left, and Reform Is Coming
Expect more efforts to reform California’s troubled homeowners insurance market from the state’s next top insurance regulator regardless of who wins a race that has now been whittled down to two candidates. Democrats Jane Kim and Ben Allen are advancing …
POSTED JUNE 12, 2026 1:48 PM |
California Company Paying $3.3M to Resolve False Claims Allegations
California medical providers and their medical director have agreed to pay $3.3 million to settle allegations they submitted claims to healthcare programs and commercial insurers for services that weren’t provided or supervised. San Francisco-based Circle Medical Care of California, Circle …
POSTED JUNE 12, 2026 5:00 AM |
Man Sentenced Over False FEMA Claims for Lahaina, California Wildfires
A Hawaii man was sentenced for filing claims with the Federal Emergency Management Agency seeking disaster relief related to the Lahaina and Pacific Palisades wildfires. Daylyn Harris, 35, of Honolulu, was sentenced to 24 months in prison, followed by five …
POSTED JUNE 12, 2026 5:00 AM |
xAI Accused of Illegally Firing California Engineer Who Raised Safety Concerns
A former engineer at Elon Musk’s xAI in California who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to …
POSTED JUNE 11, 2026 5:00 AM |
Report: Rising CT Claims Driving Shifts in Comp Costs and Patterns in California
Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …
POSTED JUNE 11, 2026 5:00 AM |
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