Insurance Journal

People Moves: Booher Named President & CEO of CopperPoint Insurance

CopperPoint Mutual Insurance Holding Company named Kellen Booher president and CEO. Booher succeeds CEO and Board Chair Marc Schmittlein, who announced his retirement last year. Schmittlein joined CopperPoint in 2016 and was appointed executive chair...

Posted: Apr 09, 2026

Berkshire-Owned PacifiCorp Wins Ruling That Could Reduce Oregon Wildfire Damages

An appeals court on Wednesday ruled in favor of Berkshire Hathaway’s PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in letting litigation against the utility proceed as a class action. The decision by &#82...

Posted: Apr 09, 2026

Judge Trims Wrongful Death Suit Claims Over Spicy Chip Challenge

A federal judge in Massachusetts has dismissed claims against Walgreens but allowed some claims against the The Hershey Co. and its affiliate food manufacturers Paqui and Amplify Snack Brands, Inc. to proceed in a wrongful death lawsuit brought by th...

Posted: Apr 09, 2026

California Workers’ Comp Bureau Upping Fee for Special Inspections

The Workers’ Compensation Insurance Rating Bureau of California will increase the fee for special inspections from $200 to $500 per location inspected. Special Inspections, conducted at the request of an insurer, broker or agent of record to co...

Posted: Apr 09, 2026

Nantucket Flight Returns After Part of Cabin Door Opens Midair

A Cape Air flight departing from the Massachusetts island of Nantucket returned safely after part of the main cabin door opened shortly after takeoff, an alarming midair incident that prompted the crew to turn back. The aircraft remained stable and &...

Posted: Apr 08, 2026

Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images

The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not a...

Posted: Apr 08, 2026

Texas Cannabis Businesses Sue State to Block Smokeable Hemp Ban

Texas hemp industry leaders and advocacy groups have sued the state to block new regulations that eliminate natural smokeable hemp products and increase licensing fees. The Texas Hemp Business Council, Hemp Industry & Farmers of America, and seve...

Posted: Apr 08, 2026

South Dakota Construction Company Sued Over Whistleblower’s Firing

The U.S. Department of Labor has filed suit against a Valley Springs, South Dakota construction contractor for the wrongful termination of an employee who reported a severe work-related injury. An investigation by the department’s Occupational...

Posted: Apr 08, 2026

Waco Business Earns TDI’s Lone Star Safety Award

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has honored Laminate Technologies Inc. in Waco, Texas, with the Lone Star Safety Award for exceptional dedication to protecting its employees through a strong and proact...

Posted: Apr 08, 2026

NFP Acquires Minnesota’s Sherman

NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, announced the acquisition of Sherman Insurance Agency, Inc., a full-service agency specializing in trucking, commercial, personal and benefits insurance s...

Posted: Apr 08, 2026

Investors Press Amazon, Microsoft and Google on Water, Power Use in Data Centers

Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their p...

Posted: Apr 08, 2026

UBS Loses Bid to Limit Liability for Nazi-Linked Crimes, Judge’s Ruling Shows

A U.S. judge on Tuesday rejected UBS’ bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by shielding it from claims based on new revelations about Nazi-linked accounts. U.S. District Judge E...

Posted: Apr 08, 2026

Russia-Linked Hackers Hijack Routers to Steal Passwords, UK Says

Russian government-linked hackers are compromising popular internet routers to steal passwords for email accounts and other online services, the UK’s National Cyber Security Centre has warned. The hackers, a group known as APT28, are associated...

Posted: Apr 08, 2026

Resuming Normal Shipping to Take 6-8 Weeks Once Middle East Stabilizes: Hapag-Lloyd

Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take a...

Posted: Apr 08, 2026

Markets/Coverages: Marsh Risk Enhances Cyber Facility With up to $200M of Capacity

Insurance broker Marsh Risk, the Marsh subsidiary, announced that its Cyber ECHO facility now provides Marsh clients with up to $200 million of cyber insurance. Marsh Risk describes Cyber ECHO as the largest cyber insurance facility of its kind in &#...

Posted: Apr 08, 2026

Markets/Coverages: Marsh Risk Enhances Cyber Facility With Up to $200M of Capacity

Insurance broker Marsh Risk, the Marsh subsidiary, announced that its Cyber ECHO facility now provides Marsh clients with up to $200 million of cyber insurance. Marsh Risk describes Cyber ECHO as the largest cyber insurance facility of its kind in &#...

Posted: Apr 08, 2026

5 Ways to Reduce Operating Costs and Get More Control Over Your Insurance Loss Ratio

It’s no longer just a hypothesis that more and larger natural disasters, along with general inflation and social inflation, are driving up insurers’ claims costs. While underwriters continue to dial in products for today’s emerging...

Posted: Apr 08, 2026

Maersk Cautious on Strait of Hormuz Shipping Despite US-Iran Ceasefire

Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet provide enough security certainty to resume normal operations. “At this point, w...

Posted: Apr 08, 2026

US, Iran Agree to Two-Week Ceasefire With Reopening of Strait of Hormuz

The United States and Iran have agreed to a two-week ceasefire, reaching a deal less than two hours before President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz or face the wiping out of “a whole civilization.”...

Posted: Apr 08, 2026

Update: US, Iran Agree to Two-Week Ceasefire Brokered by Pakistan

The United States and Iran agreed to a two-week ceasefire brokered by Pakistan, potentially suspending a six-week-old war that has killed thousands, spread across the Middle East and caused unprecedented disruption to the world’s energy supplie...

Posted: Apr 08, 2026

US, Iran Agree to Two-Week Ceasefire Brokered by Pakistan

The United States and Iran agreed to a two-week ceasefire brokered by Pakistan, potentially suspending a six-week-old war that has killed thousands, spread across the Middle East and caused unprecedented disruption to the world’s energy supplie...

Posted: Apr 08, 2026

US, Iran Agree to Two-Week Ceasefire as Israel Escalates Parallel War in Lebanon

The United States and Iran agreed to a two-week ceasefire brokered by Pakistan, suspending a six-week-old war that has killed thousands, spread across the Middle East and caused unprecedented disruption to the world’s energy supplies. There was...

Posted: Apr 08, 2026

Update: US, Iran Agree to Two-Week Ceasefire as Israel Escalates Parallel War in Lebanon

Relief over a truce between the United States and Iran gave way on Wednesday to alarm that fighting was still raging across the region, as Israel launched its biggest attacks yet on Lebanon, and Iran struck Gulf neighbors’ oil facilities. &#823...

Posted: Apr 08, 2026

Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped

Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than 800 vessels trapped in the Persian Gulf. The vital waterway has been virtually &...

Posted: Apr 08, 2026

Update: Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped

Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz and, at least in theory, provide an exit window for more than 800 vessels trapped in the Persian Gulf. The …

Posted: Apr 08, 2026