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News Archives - Insurance Journal
NC State Workers Should Seek Comp Benefits, Not Constitutional Claims, Court Told
College workers stricken with cancer should seek remedy through the workers’ compensation system, and injured students can bring negligence lawsuits, not claims that their constitutional rights have been violated, attorneys for North Carolina State University said in asking a court …
POSTED FEBRUARY 25, 2026 5:16 PM |
AI Lost Out to Traditional Models in Forecasting NYC’s Blizzard
Two days before New York’s biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional US model had consistently predicted a major hit, while newer artificial intelligence systems weren’t so certain. The long-running …
POSTED FEBRUARY 25, 2026 4:29 PM |
Munich Re Plans to Return €5.3 Billion to Investors
German reinsurer Munich Re announced plans to return €5.3 billion ($6.3 billion) to shareholders through a new buyback program and a higher dividend. The firm aims to repurchase as much as €2.25 billion of its stock, according to a statement …
POSTED FEBRUARY 25, 2026 4:10 PM |
Markets/Coverages: Liberty Mutual, Floodbase Partner on Parametric Flood
Floodbase and Liberty Mutual announced the launch of an instant quoting application for parametric flood insurance in the U.S., allowing wholesale and retail brokers to price parametric flood covers in minutes Designed specifically for the U.S. market, Liberty’s pricing engine …
POSTED FEBRUARY 25, 2026 4:09 PM |
Alabama Governor Signs Law Barring New Environmental Regulations
Alabama Gov. Kay Ivey has signed legislation Thursday that restricts the state’s ability to set new environmental regulations. The measure prohibits state agencies from setting restrictions on pollutants and hazardous substances exceeding those set by the federal government. In areas …
POSTED FEBRUARY 25, 2026 4:04 PM |
Vistria Acquires Texas-Based MGA Lumen
Vistria, a middle market private investment firm with deep sector expertise across essential industries, announced the acquisition of Lumen, a technology-enabled Managing General Agent headquartered in Dallas, Texas. Founded in 2019, Lumen underwrites commercial property, builders’ risk, commercial general liability, …
POSTED FEBRUARY 25, 2026 3:50 PM |
Tree-Planting in Louisiana Wetlands Aims to Rebuild Natural Barriers
Across the calm waters behind a pumping station near Lake Borgne, hundreds of saplings stand out in the mist, wrapped in white plastic cylinders. To get there and to other sites like it, organizers have ferried dozens of volunteers week …
POSTED FEBRUARY 25, 2026 3:41 PM |
New MGA Elitium Offers Cover for Manufacturing Firms, Unoccupied Properties
Elitium, a UK-based specialist MGA incubated by Mission Underwriters, has been launched to provide commercial combined insurance for select trades within the manufacturing sector, as well as property cover for well-maintained unoccupied residential and commercial properties. The MGA’s commercial combined …
POSTED FEBRUARY 25, 2026 3:37 PM |
Michigan Health Care Provider Sued for Race Discrimination
Mid-Michigan Home Health & Hospice LLC, an in-home health care provider of bathing assistance to clients in central Michigan, violated federal law when it did not assign home visits in Grand Blanc, Michigan to a black certified nurse assistant (CNA) …
POSTED FEBRUARY 25, 2026 3:34 PM |
Commercial P/C Market Softest Since 2017, Says CIAB
Commercial property/casualty premiums across all account sizes in the fourth quarter 2025 were the softest they have been since 2017, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Overall, premiums across all account sizes rose by …
POSTED FEBRUARY 25, 2026 2:40 PM |
West News Archives - Insurance Journal
Wynn Resorts Says Hackers Stole Employee Data
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
POSTED FEBRUARY 25, 2026 6:00 AM |
California Vocational School CEO Charged in Worker Education Benefits Scheme
The CEO of a large California vocational return to work counseling center and his alleged co-conspirators were charges in a kickback and forgery scheme that drained injured workers’ educational benefits. Hazel Ortega, 54, of La Habra, and alleged co-conspirators Gemi …
POSTED FEBRUARY 25, 2026 6:00 AM |
DOJ Sues UCLA Claiming It Ignored Antisemitism Toward Staff
The US Justice Department filed a civil rights complaint alleging the University of California at Los Angeles created a hostile work environment for Jewish and Israeli employees. UCLA is accused in the lawsuit filed Tuesday of failing to prevent and …
POSTED FEBRUARY 25, 2026 6:00 AM |
California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition
California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere. The state’s attorney general, Rob Bonta, sought a preliminary injunction in …
POSTED FEBRUARY 24, 2026 4:35 PM |
Push to Tax California Billionaires Causing Political Stir
As national Democrats search for a unifying theme ahead of the fall’s midterm elections, a California proposal to levy a hefty tax on billionaires is turning some of the party’s leading figures into adversaries just when Democrats can least afford …
POSTED FEBRUARY 24, 2026 6:00 AM |
Viewpoint: Claims Handling Breakdowns From LA Wildfires One Year on
It’s been more than a year since the Palisades and Eaton Fires in Los Angeles, and attorneys who work in first‑party property claims are still seeing a steady rise in disputes. That trend isn’t slowing down anytime soon—these claims will …
POSTED FEBRUARY 24, 2026 6:00 AM |
Ski Guides in Spotlight as Investigators Probe Deadly California Avalanche
An investigation to determine if backcountry guides were criminally negligent during a California ski trip that ended with eight people killed in an avalanche and another presumed dead has surprised legal experts, who said the probe has scant precedent. Backcountry …
POSTED FEBRUARY 23, 2026 2:34 PM |
Berkshire’s Pacificorp Pays $575M to Settle Oregon, California Wildfire Claims
PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said …
POSTED FEBRUARY 23, 2026 6:00 AM |
People Moves: Arrowhead Intermediaries Names Curcio EVP, Arrowhead Specialty
Arrowhead Specialty named Jimmy Curcio executive vice president. Curcio has been a leader within Arrowhead since joining Arrowhead Programs in 2018. He most recently served as the chief strategy and analytics officer for Arrowhead Intermediaries and, previously, for Arrowhead Programs. …
POSTED FEBRUARY 23, 2026 6:00 AM |
Ski Trip Hit by Avalanche Was Led by Outfit Offering Mountain Adventures Globally
The group of 15 backcountry skiers headed out on a three-day trek organized by Blackbird Mountain Guides into pristine wilderness near Frog Lake in California’s Sierra Nevada as a powerful winter storm moved into the state. The skiers made their …
POSTED FEBRUARY 20, 2026 2:54 PM |
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