Category: Insurance Journal

LA Fire Victims Suing City Utility for Billions Win Major Ruling
Insurance Journal | February 19, 2026
LA Fire Victims Suing City Utility for Billions Win Major Ruling
The water and power utility that serves the city of Los Angeles must face hundreds of lawsuits faulting its response to the massive 2025 wildfire that leveled one of the city’s premier seaside neighborhoods and caused tens of billions of …
Marsh Risk Launches Excess Casualty Facility for US Digital Infrastructure
Insurance Journal | February 19, 2026
Marsh Risk Launches Excess Casualty Facility for US Digital Infrastructure
Marsh Risk, a business of broker Marsh, announced the launch of Nimbus Casualty, a new insurance facility providing clients with excess general liability protection during the construction phase of US-based digital infrastructure projects. The facility offers up to $75 million …
Pritzker to Halt Data Center Tax Perks as Power Bills Soar
Insurance Journal | February 19, 2026
Pritzker to Halt Data Center Tax Perks as Power Bills Soar
Illinois Governor JB Pritzker is seeking to temporarily halt incentives for data centers in a bid to contain soaring power bills. Pritzker, a Democrat seeking his third term as governor, wants to implement a two-year moratorium on new state-issued tax …
AIG Underwriting Income Up 48% in Q4 on North America Commercial
Insurance Journal | February 10, 2026
AIG Underwriting Income Up 48% in Q4 on North America Commercial
Fourth quarter 2025 underwriting income in American International Group’s (AIG) General Insurance segment increased 48% compared with the prior year, to $670 million. The unit, which includes North America commercial, International commercial, and global personal—recorded $125 million in catastrophe-related charges …
EPA Identifies Spilled Chemical Compound That Affected 260 Cars in Kansas
Insurance Journal | February 10, 2026
EPA Identifies Spilled Chemical Compound That Affected 260 Cars in Kansas
The EPA has identified the chemical compound spilled in Garnett, Kansas, on Dec. 31, 2025. Recent laboratory analysis corroborates EPA’s preliminary field screening results with a “high level of confidence” that the corrosive substance was sodium aluminate, the agency said. …
Rejection of Texas Law Blacklisting ‘Woke’ Firms Could Challenge Other Anti-ESG Laws
Insurance Journal | February 10, 2026
Rejection of Texas Law Blacklisting ‘Woke’ Firms Could Challenge Other Anti-ESG Laws
A Texas judge’s move to strike down a state law blacklisting “woke” financial firms, including BlackRock and HSBC, that used environmental, social or governance factors in investment decisions will likely drive a broader push to repeal so-called “anti-ESG” laws in …
Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara
Insurance Journal | February 10, 2026
Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara
Liberty Mutual Group Inc.’s asset-management arm agreed to back Ara Partners’ infrastructure and energy strategies, in the latest partnership between an insurer and an alternative investment firm. The collaboration includes an anchor commitment to Ara’s new energy fund as well …
SC Wind Mitigation Grant Program Now Open for New Applications
Insurance Journal | February 10, 2026
SC Wind Mitigation Grant Program Now Open for New Applications
South Carolina’s Safe Home Mitigation Program today, Feb. 10, began accepting applications for a new round of funding for resiliency grants. The program, which provides up to $6,000 in matching grants and up to $7,500 in non-matching grants, received additional …
Trump Threatens to Block Detroit-Canada Bridge in New Row
Insurance Journal | February 10, 2026
Trump Threatens to Block Detroit-Canada Bridge in New Row
President Donald Trump threatened to block the opening of a new bridge that connects Michigan and Ontario until the US was given compensation and ownership of half of it, saying he’d start negotiations immediately. “I will not allow this bridge …
Louisiana Restaurants to Pay $34K in Sexual Harassment Lawsuit
Insurance Journal | February 10, 2026
Louisiana Restaurants to Pay $34K in Sexual Harassment Lawsuit
Shreveport, Louisiana-based Minden Seafood, LLC, and Dorcheat Seafood, LLC, operators of restaurants Minden Seafood and Dorcheat Seafood and Grill, will pay a former employee $34,000 in back pay and emotional distress damages to settle a sexual harassment lawsuit filed by …