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News Archives - Insurance Journal
Attorneys for Suspect in LA Wildfire Seek Release Based on New Evidence
Defense attorneys for the man accused of sparking the deadly Palisades Fire in Los Angeles held a news conference Thursday to call for his release from jail in light of new evidence they say shows he is not responsible for …
POSTED MARCH 06, 2026 11:51 PM |
AM Best Upgrades Issuer Credit Rating of First Chicago Insurance Group Members
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of First Chicago Insurance Company and United Security Insurance Company. The outlook of …
POSTED MARCH 06, 2026 5:20 PM |
AI ‘Man Camps’ Offer Golf, Free Steaks to Lure Workers in Texas
Companies competing for workers to build data centers are finding that a motel room with sluggish Wi-Fi isn’t much of a draw. Try free steaks and golf simulators. As data-center development has exploded with the rise of artificial intelligence, competition …
POSTED MARCH 06, 2026 5:00 PM |
NHTSA to Hold Self-Driving Safety Forum With CEOs of Waymo, Zoox, Aurora
The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety forum that will include the CEOs of self-driving companies Waymo, Zoox and Aurora on Tuesday. The Trump administration is looking for ways to speed deployment of robotaxis …
POSTED MARCH 06, 2026 4:53 PM |
After Florida Charged People With Selling Insurance Licenses, 12 More Arrested
Two years ago, Rainier Miguel Salas and two licensed Florida insurance agents were charged with selling insurance agent licenses—all part of an illicit licensing school in Miami. This week, 12 others in the Miami area were charged with participating in …
POSTED MARCH 06, 2026 4:44 PM |
Markets/Coverages: Floodbase Expands Parametric Platform
Parametric platform Floodbase said it has unveiled its Floodbase Quote API to enable insurers and MGAs to reduce manual quoting cycles into workflows that dramatically accelerate distribution and offer new portfolio flood solutions for the historically underserved U.S. flood market. …
POSTED MARCH 06, 2026 4:35 PM |
World’s Farmers See Fertilizer Price Surge as Iran War Blocks Exports
The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches. The war, which has closed the Strait of Hormuz, has shut down …
POSTED MARCH 06, 2026 4:25 PM |
People: Alliant Names McMinn VP in Benefits Group
Alliant Insurance Services named Will McMinn, formerly an employee benefits consultant with USI Insurance, as vice president in Alliant’s employee benefits group. McMinn, with 20 years of experience in the space, will be based in Charlotte, North Carolina, Alliant said …
POSTED MARCH 06, 2026 3:49 PM |
Legal Fight Over SpaceX Beach Closures Hits Texas Supreme Court
The Texas Supreme Court pondered how far the state can go in limiting access to a public beach during oral arguments Thursday in a case involving the closure of Boca Chica Beach for SpaceX’s rocket launches. Rio Grande Valley environmentalist …
POSTED MARCH 06, 2026 3:27 PM |
Florida Tank Company Contesting OSHA Fines After Fatal Incident
The U.S. Occupational Safety and Health Administration recently cited a Land O’Lakes, Florida, firm for exposing workers to chemical and respiratory hazards after a fatal incident last summer. PCE Petroleum Contractors Enterprises, a petroleum tank-service company for gas stations and …
POSTED MARCH 06, 2026 3:23 PM |
News Archives - Claims Journal
High-Tech Snowplows and AI Help Cities Recover From Storms, Cut Insurance Claims
Residents of Syracuse, New York — America’s snowiest city — once barraged a service hotline with street neglect complaints during blizzards, even if plows had passed two hours earlier but the work was hidden by fresh snow. Now public trust …
POSTED MARCH 07, 2026 6:00 AM |
NHTSA Holding Autonomous Safety Forum With Waymo, Zoox, Aurora Chiefs
The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety forum that will include the CEOs of self-driving companies Waymo, Zoox and Aurora on Tuesday. Related: Carmakers Push Toward ‘Eyes-Off’ Driving, Raising Questions of Safety, Liability The …
POSTED MARCH 07, 2026 6:00 AM |
Ford Recalling 1.74M Vehicles in US Over Rearview Camera Issue
Ford is recalling 1.74 million vehicles in the U.S. as a rearview camera defect may prevent images from displaying, reducing the driver’s view behind the vehicle, the U.S. National Highway Traffic Safety Administration said on Friday. Recall: Ford Recalling 4.3 …
POSTED MARCH 06, 2026 2:30 PM |
Reinsurers Triple Ship Insurance Costs After US Torpedo Attack
London-based ship reinsurers are canceling coverage and demanding 200% more to reinstate policies, after a U.S. sub sank an Iranian warship off Sri Lanka, say people familiar with the matter.
POSTED MARCH 06, 2026 2:18 PM |
Severe Storms in Kansas Lead to $879 Million in Insurance Claims in 2025
Severe storms in Kansas caused $879 million in insurance claims in 2025, the state insurance department said. More than 82,000 total storm claims reported in 2025. The claim amounts was a 99% increase from 2023, which totaled 147,710 claims and …
POSTED MARCH 06, 2026 6:00 AM |
Twenty-Four States File Lawsuit to Stop Trump’s Latest Global Tariffs
A group of 24 U.S. states sued President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10% global tariffs, alleging that the president cannot sidestep a recent U.S. Supreme Court ruling that invalidated most …
POSTED MARCH 06, 2026 6:00 AM |
Google Gemini Accused of Coaching Florida Man to Suicide
Google is facing a lawsuit from the family of a 36-year-old Florida man who allegedly considered carrying out a “mass casualty attack” and ultimately killed himself under the influence of the company’s Gemini chatbot. According to a suit filed Wednesday …
POSTED MARCH 06, 2026 6:00 AM |
Gallagher Announces New APAC Leadership
Gallagher Re named Roshan Perera managing director, head of the Asia Pacifc region and Richard Jones chairman of APACA. Perera has 25 years of experience, including two decades in various roles throughout the Asia Pacific region. He most recently served …
POSTED MARCH 06, 2026 6:00 AM |
xAI Loses Bid to Halt California AI Data Disclosure Law
Elon Musk’s artificial intelligence company xAI failed to convince a California federal court on Thursday to temporarily block the state’s law requiring companies to disclose information about the data they use to train AI models. U.S. District Judge Jesus Bernal …
POSTED MARCH 06, 2026 6:00 AM |
Westchester Close to Settling $230M-Plus Hurricane Condo Claim
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 06, 2026 6:00 AM |
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