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Insurance Journal | September 19, 2025

California’s Insurance Commissioner Is Seeking Changes to The Intervenor Process

California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law …

Insurance Journal | September 19, 2025

People Moves: IMA Financial Group Names Leadership Appointments in Houston Office

IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment to the region and its growing client …

Insurance Journal | September 19, 2025

Grange Policy Not Ambiguous in Death of Family Killed in 2019 Kentucky Crash

A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …

Insurance Journal | September 19, 2025

Texas Insurance Agent Pleaded Guilty After Stealing Premiums

A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five …

Insurance Journal | September 10, 2025

More Than 60 Containers Fall Off Ship in Long Beach Port

More than 60 containers toppled off a cargo ship in the Port of Long Beach, tumbling overboard and floating in the water. The shipping containers fell off a vessel named the Mississippi shortly before 9 a.m. on Tuesday, and no …

Insurance Journal | September 10, 2025

California Plans to Boost Utility Wildfire Fund by $18 Billion

California lawmakers have reached an initial agreement to shore up the state’s wildfire utility fund. The agreement is expected be filed into legislative text on Wednesday after lawmakers suspended a Tuesday deadline, according to people familiar with the negotiations who …

Insurance Journal | September 10, 2025

Michigan Manufacturer to Pay $460K to Settle Sexual Harassment Lawsuit

East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, will pay $460,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. According to the …

Insurance Journal | September 10, 2025

Texas to Ban Minors From THC Products

THC products will remain largely legal in Texas, but will be banned for minors and further regulated under a new executive order by Gov. Greg Abbott on Wednesday. Abbott directs the Texas Department of State Health Services and the Alcoholic …

Insurance Journal | September 10, 2025

SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time, the parent company for SageSure’s carrier partners …

Insurance Journal | September 10, 2025

North Carolina Firefighters Shot, Burned in Separate Fire Calls

A North Carolina firefighter who was shot while answering a fire alarm call is recovering, while a suspect is in jail. The Associated Press and local media reported that the fireman was shot last week in Ellerbe. One fire truck …