Insurance Journal

Opportunities for Specialty Insurance Growth in 2026

As we move further into 2026, insurers are taking stock of evolving market conditions and crystallizing the opportunities and priorities shaping the year ahead. In the specialty space, the outlook varies depending on your vantage point. Historically,...

Posted: Mar 08, 2026

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: Mar 06, 2026

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 Ins...

Posted: Mar 06, 2026

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,...

Posted: Mar 06, 2026

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 depl...

Posted: Mar 06, 2026

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...

Posted: Mar 06, 2026

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 historical...

Posted: Mar 06, 2026

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: Mar 06, 2026

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, Nor...

Posted: Mar 06, 2026

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: Mar 06, 2026

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...

Posted: Mar 06, 2026

Maritime Insurance Premiums Surge as Iran Conflict Widens

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging — in some cases by more than 1000% — dramatically driving up the cost of moving energy through a critical maritime corridor. The conflagration sp...

Posted: Mar 06, 2026

Reinsurers Triple Ship Insurance Costs After US Torpedo Attack

London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, according to people familiar with the matter, after a US submarine sank an Iranian warship off Sri Lanka, amplifying risk percept...

Posted: Mar 06, 2026

New Mexico Jurors Heard From Zuckerberg in Meta Child Safety Trial

Jurors in a bellwether trial about the impacts of social media on children watched a deposition of Meta CEO Mark Zuckerberg on Wednesday that explored what the architects of Facebook and Instagram knew from internal research about the negative experi...

Posted: Mar 06, 2026

Wyoming Project Gets First Construction Permit for Nuclear Reactor in Years

The U.S. Nuclear Regulatory Commission on Wednesday approved its first construction permit for a commercial nuclear reactor in eight years, one that will allow a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming. TerraPowe...

Posted: Mar 06, 2026

Justin Sun Settles SEC Fraud Case for $10 Million

The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity. Thursday’s settlement requires court approval, with the payment...

Posted: Mar 06, 2026

Ohio Bill Would Establish Online Auto Insurance Verification

Ohio lawmakers are considering legislation that would establish an online auto verification system intended to hold uninsured drivers accountable. House Representatives Cindy Abrams (R-Harrison) and Jack Daniels (R-New Franklin) are the lead sponsors...

Posted: Mar 06, 2026

Michigan Pharmacist Pleads Guilty in $3M Health Care Fraud Scheme

A Michigan pharmacist and business owner who engaged in a five-year pharmacy shortage fraud scheme at two separate pharmacies pleaded guilty on February 24, announced United States Attorney Jerome F. Gorgon, Jr.. Mohammad Hamdan, age 44, from Dearbor...

Posted: Mar 06, 2026

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 &#82...

Posted: Mar 06, 2026

Amazon Says it Fixed Issue That Led to Website Outage for Thousands

Amazon said March 5 it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers. The disruption, which began around 2:00 p.m. ET, gradually eased to less than …

Posted: Mar 06, 2026

GL, Workers’ Comp Only Commercial Lines With Monthly Renewal Rate Increase: Ivans

Month over month, premium renewal rates declined across all commercial lines of business except general liability and workers’ compensation, Ivans announced Thursday. The finding came from the technology provider’s February 2026 Ivans Ind...

Posted: Mar 06, 2026

People Moves: Green Tree Risk Names Page; TDC Specialty Appoints Spina

Green Tree Risk Partners Names Page Director Green Tree Risk Partners, headquartered in Philadelphia, Pennsylvania, named Laura Page as director of Green Tree Risk Partners. Page has 20 years of insurance and leadership experience, previously serving...

Posted: Mar 06, 2026

Richmond National Expands Glen Allen Office

Virginia-based specialty insurer Richmond National Group plans to invest $1.75 million to expand operations at the firm’s Glen Allen office. The company said it expects to be hiring as many as 75 new employees for the office. “Five years...

Posted: Mar 06, 2026

Gulf Carriers Resume Limited Flights, but Missile Fire Fuels Uncertainty

Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday, though the threat of missile fire piled pressure on airlines as they scramble to accommodate travelers. With most...

Posted: Mar 06, 2026

Update: Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open

Emirati airlines resumed some flights to global cities from the war-hit Gulf on Friday, but a Lufthansa jet that was headed to the region diverted over safety fears and an Air France repatriation flight was forced to turn back due …

Posted: Mar 06, 2026