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Tag: insurance-journal

Allstate Q1 Net Income Skyrockets on Underwriting Gains
Insurance Journal | April 29, 2026
Allstate Q1 Net Income Skyrockets on Underwriting Gains
Allstate Corp. first quarter 2026 net income applicable to common shareholders more than quadrupled compared with the same time a year ago, due to a large gain in underwriting income. Net income was $2.4 billion for Q1 versus $566 million …
Kansas Man Sentenced to Probation for Insurance Fraud
Insurance Journal | April 29, 2026
Kansas Man Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
Bank of England to Curb Offshore Life Insurance Trades
Insurance Journal | April 29, 2026
Bank of England to Curb Offshore Life Insurance Trades
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Insurance Journal | April 29, 2026
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …
California Commissioner Advances Proposal to Overhaul Intervenor Process
Insurance Journal | April 20, 2026
California Commissioner Advances Proposal to Overhaul Intervenor Process
California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state’s intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor …
People Moves: Swingle Collins & Associates Appoints Curtis as CEO
Insurance Journal | April 20, 2026
People Moves: Swingle Collins & Associates Appoints Curtis as CEO
Swingle Collins & Associates announced the appointment of Dan Curtis as Chief Executive Officer, effective March 31, 2026. In conjunction with the appointment, Founder and CEO Frank Swingle will transition to the role of Executive Chairman, where he will continue …
Low-Producing Oil Wells Cause Headaches for Texans
Insurance Journal | April 20, 2026
Low-Producing Oil Wells Cause Headaches for Texans
Some Texas oil wells gush hundreds of barrels of oil a day. But many are like the wells on Jackie Chesnutt’s ranch in West Texas that only trickle out a couple barrels a month. Chesnutt, a retired engineer, claims the …
Destructive Winds and Tornadoes Leave Trail of Damage Across Midwest
Insurance Journal | April 20, 2026
Destructive Winds and Tornadoes Leave Trail of Damage Across Midwest
A trail of damaged homes and buildings dotted a wide swath of the U.S. on Saturday after a burst of destructive winds and reported tornadoes tore off roofs, uprooted trees and rendered rural roads impassable with debris. No deaths were …
Michigan Feared Cheboygan Dam Danger Before Rains Pushed it to Brink
Insurance Journal | April 20, 2026
Michigan Feared Cheboygan Dam Danger Before Rains Pushed it to Brink
Local, state and federal officials were aware of the dangers posed by the Cheboygan Lock and Dam for years before floodwaters pushed it to the brink of collapse, records show. Yet they failed to compel private owners to repair the …
UPS Plane Aborts Landing in Louisville After Small Plane Crosses Runway
Insurance Journal | April 20, 2026
UPS Plane Aborts Landing in Louisville After Small Plane Crosses Runway
A UPS cargo plane had to abort its landing in Louisville last week when a small plane crossed the runway just as it approached. The air traffic controller yelled “Skylab 25, stop!” at the small plane before quickly ordering the …