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Category: Insurance Journal

How US-Israeli War on Iran Is Upending Global Business
Insurance Journal | March 9, 2026
How US-Israeli War on Iran Is Upending Global Business
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …
People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams
Insurance Journal | March 9, 2026
People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams
Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years of experience in professional …
Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
Insurance Journal | March 9, 2026
Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes. Shareholders accused …
Federal Appeals Court Denies Workers’ Compensation Claim for Cannabis Edibles
Insurance Journal | March 9, 2026
Federal Appeals Court Denies Workers’ Compensation Claim for Cannabis Edibles
A construction worker who was permanently disabled on the job has been denied workers’ compensation coverage for cannabis-infused edibles prescribed by his doctor. The Second Circuit Court of Appeals has upheld the denial on the grounds that marijuana’s classification as …
Michigan Farm to Pay $33K to Settle River Pollution Case
Insurance Journal | March 2, 2026
Michigan Farm to Pay $33K to Settle River Pollution Case
Michigan Attorney General Dana Nessel has reached a settlement with Holloo Farms, a concentrated animal feeding operation (CAFO) in Calhoun County, to resolve allegations that the company violated environmental regulations and improperly discharged animal waste into state waters. As part …
Zurich Insurance and Beazley Agree to US$10.9B Cash Acquisition
Insurance Journal | March 2, 2026
Zurich Insurance and Beazley Agree to US$10.9B Cash Acquisition
Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new …
Business Moves: CRC Group Completes Buy of Euclid Transactional
Insurance Journal | March 2, 2026
Business Moves: CRC Group Completes Buy of Euclid Transactional
Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional. New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insurance, such as representations and warranties, tax liability and …
Suspected Gunman in Austin Shooting Had Potential Terrorism Links
Insurance Journal | March 2, 2026
Suspected Gunman in Austin Shooting Had Potential Terrorism Links
At least three people — including the suspected gunman — are dead following a shooting early Sunday in downtown Austin, officials said. Fourteen others were injured. The suspected shooter has been identified as 53-year-old Ndiaga Diagne, Austin police said Sunday …
Louisiana Contractor Arrested for Fraudulent Activities
Insurance Journal | March 2, 2026
Louisiana Contractor Arrested for Fraudulent Activities
A Louisiana contractor was arrested last week on charges of fraud, filing false public records and forgery. The contractor, Jon Andersen, also received a cease-and-desist letter from Louisiana Insurance Commissioner Tim Temple. Andersen was arrested on Feb. 25 in Jefferson …
Greenpeace Faces $345M Judgment in North Dakota Court
Insurance Journal | March 2, 2026
Greenpeace Faces $345M Judgment in North Dakota Court
Greenpeace is fighting for its life in North Dakota’s court system, where a judge has decided to order the environmental group to pay an expected $345 million to an energy company whose Dakota Access oil pipeline construction drew protests nearly …