Insurance Journal

How US-Israeli War on Iran Is Upending Global Business

The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts....

Posted: Mar 09, 2026

People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams

Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years...

Posted: Mar 09, 2026

Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires

The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes...

Posted: Mar 09, 2026

Federal Appeals Court Denies Workers’ Compensation Claim for Cannabis Edibles

A construction worker who was permanently disabled on the job has been denied workers’ compensation coverage for cannabis-infused edibles prescribed by his doctor. The Second Circuit Court of Appeals has upheld the denial on the grounds that ma...

Posted: Mar 09, 2026

People Moves: AXA XL Taps QBE’s Weaver to Lead Energy, UK & Lloyd’s; Aon Re Names Attard Head of Ana...

This edition of International People Moves details appointments at AXA XL, Aon Reinsurance, and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps QBE’s Weaver as Head of Energy, UK & Lloyd...

Posted: Mar 09, 2026

Tennessee’s The Plateau Group is Now Lumos Insurance

After 45 years under the name The Plateau Group, the Tennessee-based multi-line insurer now has a new name: Lumos Insurance. The rebranding is the culmination of a multi-year modernization effort on corporate governance and capitalization, the compan...

Posted: Mar 09, 2026

Ohio AG Sues Contractor Accused of Scamming Residents

Ohio Attorney General Dave Yost last week filed a lawsuit against a contractor accused of soliciting Northeast Ohio residents for new roofs and siding replacement, only to ghost customers after accepting over $188,000 in payments. The lawsuit, filed...

Posted: Mar 09, 2026

Miami Developer Indicted in Alleged $85M Fraud Scheme

A prominent Miami real estate developer could face years in prison after he was indicted last week on charges of leading a massive fraud scheme that allegedly diverted investor funding, deceived lenders and evaded taxes. Rishi Kapoor, 42, who until &...

Posted: Mar 09, 2026

State Farm California Homeowners 17% Rate Hike to Remain

The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond...

Posted: Mar 09, 2026

State Farm 17% California Homeowners Rate Hike to Remain Under New Agreement

The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond...

Posted: Mar 09, 2026

State Farm’s 17% California Homeowners Rate Hike to Remain Under New Agreement

The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond...

Posted: Mar 09, 2026

Austin Shooting Response Raises Fresh Questions About Self-Driving Cars

A viral image from the March 1 shooting in downtown Austin — an autonomous vehicle blocking an ambulance from reaching the scene where a gunman fatally wounded three people and injured 15 others — has put a spotlight on driverless …

Posted: Mar 09, 2026

Authorities Search Debris After Suspected Tornadoes Kill 6 in Michigan, Oklahoma

Authorities searched through rubble and debris in southern Michigan on Saturday after suspected tornadoes tore through the region and killed four people, including a 12-year-old boy, during powerful storms also blamed for two deaths in eastern Oklaho...

Posted: Mar 09, 2026

Live Nation Reaches Settlement With DOJ in Antitrust Case

Live Nation Entertainment has reached a proposed settlement with the U.S. Justice Department, according to a court hearing on Monday. In the same hearing, it was disclosed that Live Nation is also in talks with state attorneys general to secure &#823...

Posted: Mar 09, 2026

Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off

A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first large oil tankers to leave the Persian Gulf since traffic through the vital chokepoint all but halted. The …

Posted: Mar 09, 2026

Update: Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off

A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted. The Shenlong tanker, …

Posted: Mar 09, 2026

Asia’s Rich Having Second Thoughts on Dubai as War Rages

Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years. Several consultants told Bloomberg News they are getting calls from c...

Posted: Mar 09, 2026

Airline Shares Battered, Airfares Surge as Iran War Intensifies

Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices were trading more &#82...

Posted: Mar 09, 2026

Zurich to Buy Generali’s Irish Unit for €337 Million in Cash

Zurich Insurance Group AG agreed to buy Assicurazioni Generali SpA’s RedClick unit for €337 million ($389 million) in cash to expand its non-life business in Ireland. The two companies announced the deal in separate statements Monday, confirmin...

Posted: Mar 09, 2026

US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow

The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The US International Development Finance Corp. said Fr...

Posted: Mar 09, 2026

UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks

The UK’s flood insurer of last resort says the country’s mortgage banks aren’t doing enough to prepare for the risks facing homeowners across Britain. “Their assumption is they don’t need to do anything,” Perry Tho...

Posted: Mar 09, 2026

A Year of Success at EZLynx

Key Takeaways EZLynx is leading the market through technology that supported 14.3 million policies and more than 600,000 sales wins in 2025. Automation tools saved more than 1 million hours of administrative time this past year. EZLynx is committed t...

Posted: Mar 09, 2026

HAI Group Renames Training Arm, Reinforces Multifamily Education for Insurance Agents

Training Arm of HAI Group, a Leading Public and Affordable Housing Insurance Provider, Continues 30-Year Commitment to Multifamily Training CHESHIRE, Conn., [March 2026] — The training arm of HAI Group®, a leading provider of public and affordable ho...

Posted: Mar 09, 2026

AI-Powered Insurance BPO: Execution Inside AMS, Not Portals

Why the Future of Insurance BPO Lives Inside Your AMS Most insurance BPOs still work in spreadsheets, ticket portals, or offshore email chains. They move data between systems, not inside them. That model worked when volume was low and expectations &#...

Posted: Mar 09, 2026

Trump Signs Order to Bolster Efforts to Combat Cybercrime

President Donald Trump signed an executive order Friday aimed at fighting cybercrime — including fraud and extortion — directing officials to identify robust tools to combat transnational criminal organizations preying on American families, businesse...

Posted: Mar 09, 2026