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News Archives - Insurance Journal
People Moves: NCDOI Names Price Deputy Commissioner Over Company Services
North Carolina’s insurance commissioner has named a financial analysis veteran to the role of senior deputy commissioner, overseeing the Company Services Group at the Department of Insurance. Jessica Price has led financial analysis at NCDOI for 15 years, and before …
POSTED MAY 06, 2026 4:47 PM |
People Moves: Brotherhood Mutual Announces Leadership Promotions & Transition; Assurex Global’s Johnson Named SVP, Global Growth Strategy
Brotherhood Mutual Announces Leadership Promotions & Transition Brotherhood Mutual Insurance Company, headquartered in Fort Wayne, Indiana, made several changes to its executive team. Scott Figgins assumes a new role as senior vice president – integration officer. He previously served as …
POSTED MAY 06, 2026 4:45 PM |
Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition
Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining …
POSTED MAY 06, 2026 3:25 PM |
Texas Mutual Board Approves $300M Dividend Distribution
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general …
POSTED MAY 06, 2026 3:13 PM |
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily …
POSTED MAY 06, 2026 3:06 PM |
Fire Destroys Lab Building on University of South Florida Campus
Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations …
POSTED MAY 06, 2026 2:50 PM |
Business Moves: Howden Acquires Cyber Analytics Firm Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight …
POSTED MAY 06, 2026 2:43 PM |
Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year
One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. …
POSTED MAY 06, 2026 2:38 PM |
Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
Exceptionally warm waters and a developing El Niño will increase the risk of direct hurricane impacts in Hawaii, Southern California and parts of Mexico this year, according to an AccuWeather analysis out on Wednesday. The forecast shows the Eastern and …
POSTED MAY 06, 2026 1:32 PM |
SEC Rule to End Biden-Era Climate Policy Sent to White House
The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies. The regulator sent the measure to the White House’s Office of Management and Budget for review on …
POSTED MAY 06, 2026 1:30 PM |
West News Archives - Insurance Journal
Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
Exceptionally warm waters and a developing El Niño will increase the risk of direct hurricane impacts in Hawaii, Southern California and parts of Mexico this year, according to an AccuWeather analysis out on Wednesday. The forecast shows the Eastern and …
POSTED MAY 06, 2026 1:32 PM |
Bird Flu May Spread Through Air on California Dairy Farms, Study Finds
Air and wastewater may help spread bird flu on California dairy farms, according to a study that points to more transmission routes than previously understood. Researchers sampling 14 infected farms found the H5N1 virus in the air during milking, in …
POSTED MAY 06, 2026 5:00 AM |
DOJ Files Statement of Interest in California Fire Insurance Case
The Department of Justice filed a Statement of Interest in a lawsuit filed against State Farm by homeowners who lost their homes in the January 2025 Los Angeles wildfires. The case, Ferrier v. State Farm Fire and Casualty Company, is …
POSTED MAY 06, 2026 5:00 AM |
A Quiet Alaska Fault Is Missing The Fluids Scientists Expected
Not all earthquake faults behave the same. Some stick and snap, causing earthquakes. Others move slowly over time. For years, the leading explanation for slow-moving faults has been that high-pressure fluids along the fault lubricate it, allowing the slabs to …
POSTED MAY 05, 2026 1:32 PM |
Oregon Regulator Shuts Down Health Sharing Company’s ‘Unlicensed’ Insurance
Oregon regulators ordered a health sharing company to stop selling coverage to residents, saying the company’s membership plans were functioning as unlicensed insurance. ClearShare Health was ordered to stop selling coverage by the Oregon Division of Financial Regulation, which began …
POSTED MAY 05, 2026 5:00 AM |
California Taking Action Against State Farm Over LA Wildfire Claims
The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …
POSTED MAY 04, 2026 3:00 PM |
New Mexico Seeks Changes to Meta Platforms in Youth Harm Trial
A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to …
POSTED MAY 04, 2026 2:36 PM |
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Maui Fire Lawsuit Payouts Are Near, but Few Will Break Even
Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
POSTED MAY 04, 2026 5:00 AM |
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
POSTED MAY 01, 2026 1:58 PM |
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