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News Archives - Insurance Journal
Kim and Allen Lead Voting in California Insurance Commissioner Primary
Democrats Jane Kim and Ben Allen led voting in Tuesday’s race for California insurance commissioner, making them the current favorites to advance to the Nov. 3 primary. However, insurance agent Stacy A. Korsgaden, R, was running a close third. The …
POSTED JUNE 03, 2026 1:35 PM |
Strain Grows on Shipping Industry With Vessels Stuck Inside Hormuz
Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told …
POSTED JUNE 03, 2026 1:15 PM |
Markets/Coverages: Resilience Launches Cyber Risk Program for Private Equity
Resilience launched a private equity cyber risk program that the San Francisco-based company said will help private equity firms manage cyber exposure across their portfolios. The program connects Arc, Resilience’s cyber risk management platform for complex organizations, with bespoke insurance …
POSTED JUNE 03, 2026 1:01 PM |
Novacore Adds Euclid Design to Its Professional Underwriters Agency
Pennsylvania-based specialty insurance provider Novacore announced the addition of Euclid Design Underwriters to its Professional Underwriters Agency (PUA) program. Euclid Design Underwriters is a specialized managing general agent focused on errors and omissions (E&O) coverage for architects, engineers and design …
POSTED JUNE 03, 2026 12:44 PM |
Extreme Weather to Drive $20 Trillion in Spending
Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a …
POSTED JUNE 03, 2026 12:35 PM |
King Risk Partners Acquires Construction Insurance Specialist
King Risk Partners has acquired The Roberts Agency, Inc., an independent insurance agency specializing in the construction industry that is based in Bloomfield, Connecticut. This partnership strengthens King Risk Partners’ presence in Connecticut while expanding its construction insurance and surety …
POSTED JUNE 03, 2026 11:30 AM |
Texas Lifts Bans on CDLs for Temporary Agriculture Workers
The Texas Department of Public Safety on Monday lifted a restriction on commercial drivers licenses and permits for immigrants with temporary agriculture work visas and removed the Spanish language option for CDL tests following changes in federal requirements. In September, …
POSTED JUNE 03, 2026 9:00 AM |
Okla. Workers’ Compensation Commission Warns of Scam Targeting Injured Workers
The Oklahoma Workers’ Compensation Commission is alerting residents of a scam targeting injured workers. Scammers have contacted injured workers by phone, text message, or social media by claiming to be a workers’ compensation attorney, according to the commission. The scammer …
POSTED JUNE 03, 2026 8:00 AM |
US Looks to Unblock Hormuz With Quiet Version of Project Freedom
A month after President Donald Trump announced — and then abandoned — a plan to escort commercial ships through the Strait of Hormuz, the US military is trying less public ways of protecting vessels in the vital waterway. Rather than …
POSTED JUNE 03, 2026 7:46 AM |
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally
The value of uninsured natural-catastrophe losses rose more than 7% globally last year to $424 billion, with North America the most exposed region, according to a fresh analysis. While insurance coverage has broadly kept pace with rising catastrophe exposure, the …
POSTED JUNE 03, 2026 7:26 AM |
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