News Center
News Archives - Insurance Journal
Plane Crashes in Texas Hill Country, Killing 5 Pickleball Players
Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, …
POSTED MAY 04, 2026 7:00 AM |
SpaceX Sued for Alleged Home Damage in South Texas
A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …
POSTED MAY 04, 2026 6:00 AM |
CISA Weighs Cutting Deadlines to Fix Digital Flaws Amid Worries Over AI
U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …
POSTED MAY 04, 2026 5:15 AM |
Misclassification Costs Workers, Social Insurance
As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …
POSTED MAY 04, 2026 5:12 AM |
KBRA Assigns Issuer Rating to Universal, as Q1 Results Mark ‘Fantastic’ Start to 2026
KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …
POSTED MAY 04, 2026 5:03 AM |
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive
Berkshire Hathaway reported improved first-quarter performance from the conglomerate’s insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. “The reality is that … as our insurance business softens, we cannot realize the value we should for …
POSTED MAY 04, 2026 5:03 AM |
SC Bill Would Change ‘Free’ Windshield Replacement and Give DOI More Authority
Under a bill poised to win approval in the South Carolina legislature, the decades-old practice of letting many drivers automatically enjoy relatively painless windshield replacements may soon disappear. House Bill 4817, titled the “Insurance Rate Reduction and Policy Holder Protection …
POSTED MAY 04, 2026 5:02 AM |
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Mayor Mamdani Pushes to Shrink New York Business Tax Credit
New York City Mayor Zohran Mamdani is delaying the city’s $127 billion budget as he pressures the state to limit a tax credit used by hedge funds, private equity firms and other businesses. Mamdani and City Council Speaker Julie Menin …
POSTED MAY 04, 2026 5:00 AM |
RI Settles With Deloitte for $12M Over 2024 Ransomware Attack on Benefits System
Rhode Island Governor Dan McKee announced that the state has finalized a settlement agreement with Deloitte Consulting LLP related to the December 2024 cybersecurity incident that shuttered the state’s benefits administration site, RIBridges. In February 2025, Deloitte, the services provider …
POSTED MAY 04, 2026 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Owen & Associates, LLC confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|