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News Archives - Insurance Journal
Kroger Fights Suit by Albertsons Over Failed $24.6 Billion Deal
Kroger Co. is fighting back against a lawsuit brought by Albertsons Cos. over its failed $24.6 billion takeover of the rival grocery chain, escalating a dispute that began after US antitrust enforcers succeeded in blocking the deal last year. Albertsons …
POSTED MARCH 26, 2025 5:24 AM |
Allianz Global Investors Says It Is Cutting Some Roles
Allianz Global Investors, the smaller of the two asset managers owned by German insurance giant Allianz SE, is cutting some roles as it looks to make changes to its organizational structure. “Some tasks and elements of our operation may no …
POSTED MARCH 26, 2025 5:20 AM |
Spain Opens Antitrust Probe Into Generali, Sanitas Agreement
Spain’s antitrust watchdog said on Tuesday it had opened an investigation into Italian insurer Generali and local health insurance provider Sanitas over potential anti-competitive practices. The CNMC watchdog said the probe focused on an agreement signed in October 2022 under …
POSTED MARCH 26, 2025 5:10 AM |
Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website
The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved by the Florida Senate …
POSTED MARCH 26, 2025 5:01 AM |
New Fire Maps Put Nearly 4M Californians in Hazardous Zones
New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …
POSTED MARCH 26, 2025 5:00 AM |
Ardonagh Set to Raise Up to $2.5 Billion to Fuel Expansion Spree
Ardonagh Group Ltd. is nearing a deal to raise as much as $2.5 billion from investors to help fuel the private equity-backed insurance broker’s rapid growth. The London-based firm is expected to close the capital-raise this summer in an oversubscribed …
POSTED MARCH 26, 2025 5:00 AM |
Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires
Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected for the next fiscal year. Mayor Karen Bass and a group of city council members went to Sacramento, the state …
POSTED MARCH 26, 2025 5:00 AM |
Delaware Lawmakers Approve Bill Overhauling Corporate Law
Delaware lawmakers approved on Tuesday an overhaul of the state’s corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies’ legal home to another state, although opponents call it a giveaway to billionaires. …
POSTED MARCH 26, 2025 5:00 AM |
Pawtucket Dismantled Iconic Apex Pyramid Building. Here’s Why.
Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal frame. Removal …
POSTED MARCH 26, 2025 5:00 AM |
Major US Bridges at High Risk of Being Struck by Ships: Johns Hopkins Researchers
New analysis by Johns Hopkins researchers finds some bridges are likely to sustain catastrophic hits within the next few decades Ships are highly likely to collide with major bridges across the United States, with potentially catastrophic collisions happening every few …
POSTED MARCH 26, 2025 4:28 AM |
West News Archives - Insurance Journal
New Fire Maps Put Nearly 4M Californians in Hazardous Zones
New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …
POSTED MARCH 26, 2025 5:00 AM |
Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires
Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected for the next fiscal year. Mayor Karen Bass and a group of city council members went to Sacramento, the state …
POSTED MARCH 26, 2025 5:00 AM |
California at Risk of New Insurance Bailout Amid Fire Danger
As Los Angeles-area residents recover from one of the costliest natural disasters in U.S. history, California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the prospect that state residents …
POSTED MARCH 25, 2025 2:21 PM |
Lawsuit: Downed Municipal Power Lines May Have Caused LA’s Palisades Fire
Several residents of Los Angeles who were affected by the deadly Palisades wildfire sued city authorities over claims that municipal utility power lines ignited the fire, according to a lawsuit filed Monday. The suit cited a Washington Post article dated …
POSTED MARCH 25, 2025 2:12 PM |
California Cites Contractor $157K Following Fatal Trench Accident
A construction company was fined $157,500 by California for multiple violations of workplace safety regulations following a fatal trench collapse. W.A. Rasic Construction was fined by the California Division of Occupational Safety and Health incident over the death of an …
POSTED MARCH 25, 2025 5:00 AM |
Oregon DOJ Clears Way for New Ag Worker Housing Safety Rules in Oregon
The Oregon Occupational Safety and Health Division acted within its legal authority when adopting enhanced safety and health regulations for agricultural labor housing, the Oregon Department of Justice confirmed. The clarification for OSHA dispels doubts regarding the division’s capacity to …
POSTED MARCH 24, 2025 4:07 PM |
Hawaii Islands Sinking Faster in Some Areas, Increasing Flood Risk
Parts of Hawaii are sinking faster than others, according to a recent study led by researchers at the University of Hawaii at Mānoa, highlighting the flood risk to infrastructure, businesses and communities in low-lying areas especially in certain urban areas …
POSTED MARCH 24, 2025 5:00 AM |
Nearly a Quarter of Homes in New Mexico Uninsured, Report Shows
New Mexico has the highest rate of uninsured homes in a report that also shows nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured. A rerport from LendingTree that used Federal …
POSTED MARCH 24, 2025 5:00 AM |
NTSB: Deadly Crashes, Fire in Wyoming Tunnel Started With Pickup Losing Control
A series of chain-reaction crashes and a fire in a Wyoming highway tunnel that killed three people started when a pickup truck lost control and partially blocked traffic on the slick roadway, federal investigators said. It had snowed before the …
POSTED MARCH 21, 2025 1:47 PM |
Washington Dairy Worker Charged in $122K Workers’ Comp Scam
A Washington farmhand faces felony charges for reportedly stealing more than $122,000 workers’ compensation benefits. Efrain Alatorre Camarena was charged with felony theft for allegedly collecting workers comp payments while discreetly working at another dairy farm. A Washington State Department …
POSTED MARCH 21, 2025 5:00 AM |
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