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Archive: July 2026

US Files Proposed Deal With Keystone Pipeline Owner Over 2022 Kansas Rupture
Insurance Journal | July 10, 2026
US Files Proposed Deal With Keystone Pipeline Owner Over 2022 Kansas Rupture
The U.S. Justice Department said on Friday it had filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 rupture in Kansas. Keystone ships Canadian crude …
People Moves: DeCotis Welcomes Production Underwriter for Personal Lines
Insurance Journal | July 10, 2026
People Moves: DeCotis Welcomes Production Underwriter for Personal Lines
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, hired Frank Moran Jr. as a production underwriter on its personal lines team. In this role, Moran is responsible for driving submission flow, developing a pipeline for new business opportunities and continuing …
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
Insurance Journal | July 10, 2026
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for …
Climate Models Become More Precise Even as Political Attacks Sharpen
Insurance Journal | July 10, 2026
Climate Models Become More Precise Even as Political Attacks Sharpen
As back-to-back heat waves batter the US and Europe, scientific models linking climate change to extreme weather are increasingly important for policymakers and commercial enterprises like insurers. But a growing political backlash aims to undermine their credibility. Climate scientists can …
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
Insurance Journal | July 10, 2026
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into …
Western Europe Records Hottest June on Record, EU Scientists Say
Insurance Journal | July 10, 2026
Western Europe Records Hottest June on Record, EU Scientists Say
Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature records, disrupted power supplies and shut schools. Last month was also the second-warmest June …
Japan’s Southwestern Islands Prepare for Typhoon Bavi; Taiwan Expects Heavy Rain
Insurance Journal | July 10, 2026
Japan’s Southwestern Islands Prepare for Typhoon Bavi; Taiwan Expects Heavy Rain
A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon …
US to Explore Allowing Driverless Cars Without Steering Wheels
Insurance Journal | July 10, 2026
US to Explore Allowing Driverless Cars Without Steering Wheels
The head of the top US auto safety regulator said the agency “absolutely” will consider ending requirements that driverless cars include steering wheels, a potential boon for Tesla Inc. and other robotaxi companies rethinking traditional vehicle design. “If you’re developing …
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
Insurance Journal | July 10, 2026
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will …
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
Insurance Journal | July 10, 2026
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …