Insurance Journal

DOJ Sues UCLA Claiming It Ignored Antisemitism Toward Staff

The US Justice Department filed a civil rights complaint alleging the University of California at Los Angeles created a hostile work environment for Jewish and Israeli employees. UCLA is accused in the lawsuit filed Tuesday of failing to prevent and...

Posted: Feb 25, 2026

WalkerHughes Acquires Ohio’s Sacksteder Worland Insurance Agency

WalkerHughes Insurance, a privately held, founder led retail insurance brokerage, announced its expansion into Ohio with the acquisition of Sacksteder Worland Insurance Agency based in Tiffin, Ohio. This partnership represents WalkerHughes’ fou...

Posted: Feb 25, 2026

Blizzard Brought Up to $38 Billion in Estimated Damage and Economic Loss: AccuWeather

The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to preliminary estimate from AccuWeather. More than &#8...

Posted: Feb 24, 2026

Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather

The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More &#8230...

Posted: Feb 24, 2026

Sompo Holdings Completes Acquisition of Aspen, Taking it Private

A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the deal, which was first announced in August 2025, 100%...

Posted: Feb 24, 2026

California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition

California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere. The state’s attorney general, Rob Bonta, sought a prelimin...

Posted: Feb 24, 2026

Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best

Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents approximately 10% of the economy, AM Best said in a c...

Posted: Feb 24, 2026

People Moves: Rodriguez To Lead EPIC National Real Estate; AXA XL Names Carnazza Head of Constructio...

EPIC Names Rodriguez National Real Estate Program Development Leader EPIC Insurance Brokers & Consultants, headquartered in San Francisco, California, appointed Miranda Rodriguez to the newly created role of program development leader within its...

Posted: Feb 24, 2026

Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio: AM Best

Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …

Posted: Feb 24, 2026

Waymo to Debut in Biggest Texas Cities After New York Setback

Alphabet Inc.’s Waymo will start offering commercial robotaxi service in the three biggest cities in Texas, pushing ahead with its aggressive expansion plan after a recent setback in New York. The rollout of rides with no safety driver will beg...

Posted: Feb 24, 2026

Mississippi Hospital System Closes All Clinics After Ransomware Attack

A ransomware attack forced the University of Mississippi Medical Center to close all of its roughly three dozen clinics around the state and cancel elective procedures for a second day on Friday, hobbling one of the state’s largest health care...

Posted: Feb 24, 2026

Mexico Visitors Shaken as Cartel Death Fuels Travel Chaos

Despite assurances from President Claudia Sheinbaum and her security minister Monday that Mexico was returning to normal after a weekend of cartel violence, many vacationers to Puerto Vallarta and other cities still faced canceled flights and shelter...

Posted: Feb 24, 2026

NC House Fire That Killed Hamlin’s Father Ruled Accidental But Cause Unknown

The North Carolina house fire that killed NASCAR driver Denny Hamlin’s father and injured his mother has been ruled accidental but it’s still unclear what started it. A report released by Gaston County Emergency Management & Fire Serv...

Posted: Feb 24, 2026

UK Sanctions New Zealand Insurer Maritime Mutual After Reuters Report

Britain on Tuesday sanctioned Maritime Mutual, the New Zealand-based marine insurer that was the subject of a Reuters special report into how it had helped in the trade of tens of billions of dollars of Iranian and Russian oil. “(Maritime &#823...

Posted: Feb 24, 2026

Over 2,000 Flights Cancelled, 380,000 Homes Without Power as Storm Effects Continue

U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …

Posted: Feb 24, 2026

Over 2,000 Flights Canceled, 380,000 Homes Without Power as Storm Effects Continue

U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …

Posted: Feb 24, 2026

FedEx Sues US for Refund on Trump’s Emergency Tariffs

Global transportation company FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump’s emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last we...

Posted: Feb 24, 2026

EU’s Russia Sanctions Hit Roadblock Put Up by Hungary, Slovakia

The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures, laying bare divisions within the bloc as the war in Ukraine enters its fifth year. Efforts by EU foreign ministers …

Posted: Feb 24, 2026

UK Targets Russian Oil Fleet With Biggest Sanctions Hit in Years

The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine. Britain targeted 175 companies in the 2Rivers network, according to...

Posted: Feb 24, 2026

Oklahoma Captive insurance Program Adds 10 Insurers

The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers. Oklahoma has now surpassed its previous high of 73 captive insurers, which was set &...

Posted: Feb 24, 2026

Marsh Mulls Sale of PCS, Financial Risk Manager for Super Rich Asians

Marsh is exploring a sale of its financial risk manager and life insurance broker for high-net-worth individuals in Asia, according to people familiar with the matter. Marsh, formerly known as Marsh & McLennan Cos., is working with an adviser on...

Posted: Feb 24, 2026

Oklahoma Medical Practice to Pay $90K in Pregnancy Discrimination Lawsuit

Urologic Specialists of Oklahoma, Inc., a medical practice that operates five clinics employing two dozen physicians in Oklahoma, Arkansas and Missouri, will pay $90,000 and furnish other relief to settle a pregnancy and disability discrimination law...

Posted: Feb 24, 2026

Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’

World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liber...

Posted: Feb 24, 2026

US Supreme Court to Hear Bid by Oil Companies to Toss Climate Suits

The U.S. Supreme Court has agreed to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder, Colorado that seeks to hold the oil companies liable for helping fuel climate change in a …

Posted: Feb 24, 2026

Court Sharpens Causation Standard in All-Risk Policies in NC Church Mutual Case

In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina law but could make some claims …

Posted: Feb 24, 2026