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Brookfield Raises Record $77 Billion Driven by Insurance Arm
Brookfield Asset Management raised a record $77 billion in the second quarter, led mostly by its credit business, as the firm continues its push into the insurance sector. The firm’s distributable earnings climbed 15% to $707 million, or 44 cents …
POSTED AUGUST 06, 2026 6:14 AM |
Zurich Insurance Earnings Boosted by Global Data Center Demand
Zurich Insurance Group AG reported a 13% gain in profit for the first half of 2026 as it saw accelerating demand across all businesses, boosted by global data center and energy infrastructure demand. Group operating profit rose to $4.77 billion, …
POSTED AUGUST 06, 2026 6:03 AM |
NYC Law on Sharing Food Selivery Apps’ Data Unconstitutional, Appeals Court Rules
A U.S. appeals court said on Wednesday that a New York City law requiring food delivery companies to share customers’ data with restaurants is unconstitutional. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said the …
POSTED AUGUST 06, 2026 5:50 AM |
As Wildfires Destroy and Displace, APCIA Says Congress Must Pass Fix Our Forests Act
Wildfires have again become a major headline as about 10% of the population of Spokane, Washington has been ordered to leave their homes, and hundreds of structures have been destroyed. As of Aug. 5, according to the National Interagency Fire …
POSTED AUGUST 06, 2026 5:42 AM |
Global Wildfire Surge Hits US, Propelled by Rising Temperatures
The US is enduring one of its worst wildfire seasons in years, with blazes scorching millions of acres. It’s part of a global pattern of hot, dry conditions that favor fires becoming more common with climate change. Fires that erupted …
POSTED AUGUST 06, 2026 5:08 AM |
Shipowners Say Hormuz Tolls Would Lead to More Charges Elsewhere
Eight of the world’s largest shipping industry associations urged the United Nations and International Maritime Organization to oppose any compulsory tolls or transit charges in the Strait of Hormuz, warning that such a move could set a precedent for similar …
POSTED AUGUST 06, 2026 5:02 AM |
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds
Four years after Florida lawmakers ordered condominium buildings to be inspected regularly in the wake of the deadly Surfside collapse, a state report shows that more than 8,700 buildings have now been inspected. About 900 of those properties sought building …
POSTED AUGUST 06, 2026 5:01 AM |
Cal/OSHA Cites LA County Roofers $282,420 Following Fatal Fall
A worker’s fatal fall led Cal/OSHA to cite three Los Angeles County-based roofing contractors for multiple workplace safety violations, with proposed penalties totaling $282,420. An employee was repairing a roof leak at a two-story residential property in Westchester when he …
POSTED AUGUST 06, 2026 5:00 AM |
NYC Vows Legal Action Against Online Sellers of Illegal E-Bikes and E-Scooters
New York City is taking legal action against online retailers selling dangerous motorized devices — including high-speed e-bikes, stand-up e-scooters and other products that cannot legally be operated on the city’s streets. Mayor Zohran Kwame Mamdani said the city has …
POSTED AUGUST 06, 2026 5:00 AM |
Auto Insurer Root Inc. Reports 12% Increase in Q2 Net Income
Root Inc. reported second quarter 2026 net income of $25.4 million, an increase of 15% over the same period a year ago. For Q2 the combined ratio came in at 92.1 compared with 95.2 a year ago during the same …
POSTED AUGUST 06, 2026 4:34 AM |
West News Archives - Insurance Journal
Cal/OSHA Cites LA County Roofers $282,420 Following Fatal Fall
A worker’s fatal fall led Cal/OSHA to cite three Los Angeles County-based roofing contractors for multiple workplace safety violations, with proposed penalties totaling $282,420. An employee was repairing a roof leak at a two-story residential property in Westchester when he …
POSTED AUGUST 06, 2026 5:00 AM |
Amazon’s Zoox to Levy Fares, in US First for Controls-Free Taxis in Vegas
Amazon.com Inc.’s Zoox robotaxi division will start charging fares next week in Las Vegas, marking a first in the U.S. for autonomous vehicles without driver controls. Zoox will charge Vegas customers starting Aug. 10, with fares calculated from a base …
POSTED AUGUST 05, 2026 5:40 PM |
Wildfires Mean Portland Edges Out Kinshasa for World’s Worst Air
Wildfires burning across Washington and Oregon have left Portland with the worst air quality among major cities around the world, edging out Kinshasa in the Democratic Republic of Congo. The air in both cities is classified as unhealthy, although the …
POSTED AUGUST 05, 2026 1:53 PM |
Edison Equipment Blamed for Deadly Eaton Fire in Los Angeles
Southern California Edison equipment sparked a January 2025 wildfire that killed 19 people in the Los Angeles area, fire officials said. The Eaton Fire was caused by electrical arcing events that took place on an out-of-service tower on a dry …
POSTED AUGUST 05, 2026 5:00 AM |
Orion180 Launches Customizable Private Flood Insurance in California
Orion180 Insurance has rolled out a residential private flood insurance offering in California. The product provides up to $1 million in building coverage, waiting periods as short as 10 days and a streamlined application process. Policies are designed to meet …
POSTED AUGUST 05, 2026 5:00 AM |
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 |
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