News Center
News Archives - Insurance Journal
Progressive Approved for Personal Auto Rate Decreases in Louisiana
Louisiana Insurance Commissioner Tim Temple has approved Progressive Security Insurance Company’s request for a 6.6% average rate decrease on its over 270,000 private passenger auto insurance policyholders and Progressive Paloverde Insurance Company’s request for a 4% average decrease on its …
POSTED JANUARY 08, 2026 10:00 AM |
Blenheim Partnerships Launches Specialty Trade-Related MGA
Blenheim Partnerships, part of the White Bear Group, today announces the launch of its specialty trade-related managing general agency. The MGA is backed by Blenheim Underwriting alongside other well-known markets, including some Lloyd’s syndicates. The launch follows the appointment of …
POSTED JANUARY 08, 2026 8:34 AM |
Octave Ventures’ Statera Gets Approval to Be Lloyd’s Managing Agent
Statera Managing Agency Ltd. announced it has received regulatory approval to act as a Lloyd’s managing agent. Statera will manage Syndicates 4242 and 1416, which currently underwrite specialty risks produced through its strategic relationship with Octave Ventures, a division of …
POSTED JANUARY 08, 2026 8:15 AM |
Intruder Causes $28K in Damage at Vice President Vance’s Ohio Home
A man who broke windows at Vice President JD Vance’s Ohio home and caused other property damage was detained early Monday, the U.S. Secret Service said. William D. DeFoor, 26, is facing federal charges for allegedly damaging government property, engaging …
POSTED JANUARY 08, 2026 8:00 AM |
German Minister Says EU Must Take Legal Steps to Stop Grok’s Sexualized AI Photos
The EU Commission must take legal action to stop the “industrialization of sexual harassment” taking place on Elon Musk’s social media platform X, Germany’s media minister, Wolfram Weimer, told Reuters on Tuesday. With his comments, Weimer joins a chorus of …
POSTED JANUARY 08, 2026 7:42 AM |
Australian State Faces Catastrophic Fire Risk From Heat Wave
Australia is bracing for catastrophic fire risk in parts of Victoria on Friday as the country swelters through its worst heat wave since the Black Summer bushfires in the summer of 2019 and 2020. Temperatures rose above 45C (113F) in …
POSTED JANUARY 08, 2026 6:25 AM |
Tesla Door Design Is Targeted by New US Automotive Safety Bill
A US lawmaker is proposing legislation that would require manual door releases in new cars, a move to address growing safety concerns with the type of electrically powered handles popularized by Tesla Inc. The measure from Representative Robin Kelly, an …
POSTED JANUARY 08, 2026 6:06 AM |
Nestle Infant Formula Recall Widens to Africa, the Americas and Asia
Nestle’s recall of some batches of infant nutrition products has widened beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa, a tally from the company and national food safety statements show. No illnesses have yet …
POSTED JANUARY 08, 2026 6:05 AM |
German Dentists’ Fund Sues Advisers Over €1.1 Billion Loss
A German pension fund whose foray into private markets led to losses that totaled half of the fund’s assets has begun legal proceedings against its former auditor, an adviser and its own managers to recover the damages. The fund known …
POSTED JANUARY 08, 2026 6:04 AM |
People Moves: Roxborough Named 2026 CHSWC Chair
The California Commission on Health and Safety and Workers’ Compensation elected CHSWC Commissioner Nicholas Roxborough as the chair of the commission for 2026. Roxborough is the managing partner of Roxborough, Pomerance, Nye & Adreani, LLP. He specializes in representing insured …
POSTED JANUARY 08, 2026 6:00 AM |
4 Injured in Nursing Home Explosion File Negligence Lawsuit
Four people hurt when an explosion ripped through a Pennsylvania nursing home two weeks ago sued the facility and a natural gas utility this week, claiming their negligence was to blame. Two workers at Bristol Health & Rehab Center LLC, …
POSTED JANUARY 08, 2026 6:00 AM |
Orsted’s NY Wind Project Challenges US Suspension of Lease
Orsted A/S filed a legal challenge to the Trump administration’s order to halt construction of its offshore wind project near New York. In a complaint filed Tuesday in federal court in Washington, Orsted’s Sunrise Wind unit is seeking a preliminary …
POSTED JANUARY 08, 2026 6:00 AM |
Berkshire Hathaway Raises New CEO Abel’s Salary to $25 Million
Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades. Abel, 63, became chief …
POSTED JANUARY 08, 2026 6:00 AM |
Germania Insurance Places First Cat Bond Through Handshake Re
Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …
POSTED JANUARY 07, 2026 8:30 PM |
The MEMIC Group Closes Acquisition of The Dakota Group
The MEMIC Group announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services, Inc. and its affiliated service companies. The strategic combination positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, …
POSTED JANUARY 07, 2026 8:22 PM |
California Bill Would Require Insurer Claims Handling Plans, And Double Penalties
A bill that promises legislative reform in California to speed up disaster recovery for homeowners and renters through improved insurance coverage and expanded consumer protections was introduced on the anniversary of the Los Angeles wildfires. The Disaster Recovery Reform Act, …
POSTED JANUARY 07, 2026 7:30 PM |
Update: US Seizes Russian-Flagged Tanker and Another Tied to Venezuela
The U.S. seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia’s flag, as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become …
POSTED JANUARY 07, 2026 6:32 PM |
Neglect, Abuse Common at Michigan Nursing Homes, Report Finds
The plea was desperate: Help! Lorena Brown gasped for air on Sept. 12, 2022, turning blue, at the SKLD Muskegon nursing home. Her roommate called for help from a nurse. The response: “Mind your own business.” Using a washcloth, the …
POSTED JANUARY 07, 2026 5:11 PM |
Texas Insurance Commissioner Brown Retiring
Texas Insurance Commissioner Cassie Brown is retiring on Feb. 2 after more than four years overseeing the Texas Department of Insurance. Appointed by the governor, the Texas insurance commissioner oversees the regulation of the $293 billion Texas insurance market, the …
POSTED JANUARY 07, 2026 5:04 PM |
Trump Aims Bumper Aid at US Rice Farmers Facing Bleakest Outlook
The new year may mark the last time Texas farmer LG Raun plants a rice crop. “I guess I’m going to be the one that’s going to screw up the tradition of growing Raun family rice,” said the third-generation producer, …
POSTED JANUARY 07, 2026 4:42 PM |
After Merger with CAC, Baldwin Names Lynch, Two Others to Leadership Roles
The Baldwin Group, formerly Baldwin Risk Partners and based in Tampa, has named new leadership for its insurance advisory solutions section that handles retail property-casualty and benefits brokerage. Publicly traded Baldwin, which just closed a merger with CAC Group, announced …
POSTED JANUARY 07, 2026 4:18 PM |
Three Atlanta Firms Merge, Offering Range of Insurance and Financial Services
Three Atlanta-based firms have merged, expanding insurance and financial services for small and medium-sized businesses, with growth plans for 2026. Partners Risk Services, an independent insurance brokerage in property/casualty, benefits and life products and formerly known as BWT Risk Advisors, …
POSTED JANUARY 07, 2026 3:21 PM |
NRA Sues Charity Arm After Alleged Takeover by LaPierre Allies
The National Rifle Association has sued its charity affiliate, alleging a “disgruntled faction of former NRA directors” has seized the affiliate to turn it into a competitor and misused nearly $160 million in NRA funds. The NRA’s lawsuit against the …
POSTED JANUARY 07, 2026 2:42 PM |
US Wants Venezuelan Oil Flowing Again With Revenues in US Accounts, Wright Says
Energy Secretary Chris Wright said on Wednesday the United States government wants to get Venezuelan oil flowing again, deposit money into U.S.-controlled accounts and create conditions for U.S. oil companies to enter the country. Wright said he was speaking to …
POSTED JANUARY 07, 2026 2:18 PM |
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead
In their latest report on the U.S. auto insurance market, analysts from S&P Global Market Intelligence predict the strongest overall U.S. property/casualty insurance underwriting results in 18 years for 2025, driven by favorable private passenger auto outcomes. Still, while their …
POSTED JANUARY 07, 2026 12:59 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Kelstar Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|