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News Archives - Insurance Journal
LA Mayor Race Shaken by Wildfire Allegations
Billionaire Rick Caruso is sticking with his decision to stay out of the race for Los Angeles mayor, despite raising the prospect he would reconsider following a news report that Mayor Karen Bass asked to soften an after-action investigation into …
POSTED FEBRUARY 06, 2026 6:11 PM |
McGowan Allied Specialty Insurance Announces Sales Territory Realignment
McGowan Allied Specialty Insurance announced a strategic realignment of sales territories within its in-house team designed to enhance services, improve regional coverage, and ensure a more tailored experience for clients across the country. The Ohio-based company said that by reallocating …
POSTED FEBRUARY 06, 2026 5:27 PM |
Louisiana Agency to Pay $1.2M Refund for Illegal Overcharging on Surety Premiums
A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …
POSTED FEBRUARY 06, 2026 5:15 PM |
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call
Allstate posted significantly higher net and underwriting income for the fourth quarter and full year. With affordability top of mind, that leads to questions about excessive profits. Similar to Chubb’s earnings call, analysts asked Allstate CEO Tom Wilson to comment …
POSTED FEBRUARY 06, 2026 4:58 PM |
People Moves: NFP Appoints Spencer in Northeast; Lawley Promotes 3 Partners
NFP Appoints Spencer as SVP, Commercial Risk, Northeast NFP, an Aon company and property/casualty broker and benefits consultant headquartered in New York City, appointed Jack Spencer as senior vice president, commercial risk, in its Northeast region. Based in West Hartford, …
POSTED FEBRUARY 06, 2026 4:31 PM |
WTW Reports Q4 Organic Revenue Growth of 6%; Data Center Clients Boost Business
Insurance broker WTW reported fourth quarter revenue of $2.94 billion, a decrease of 3% compared to $3.04 billion for the same period in the prior year due to the sale of TRANZACT. Q4 2025 organic revenue growth was 6%, while …
POSTED FEBRUARY 06, 2026 4:08 PM |
Alabama, NC Public Safety Officers Investigated in ‘Chop Shop,’ Disability Fraud
Fraud investigations in two Southeastern states have led to the arrest or administrative leave for three public safety officers. In Alabama, two University of Alabama at Birmingham police officers have been placed on leave in connection with an investigation into …
POSTED FEBRUARY 06, 2026 4:07 PM |
Pipeline Explodes at Delfin LNG Planned Project in Louisiana
A natural gas pipeline connecting to the proposed Delfin LNG project located offshore in southwestern Louisiana exploded Tuesday, according to the local emergency preparedness office. The blast on the 28-mile pipeline occurred while operators were performing routine maintenance, said Ashley …
POSTED FEBRUARY 06, 2026 3:38 PM |
Starbucks Wins Dismissal of Missouri Lawsuit Over DEI Policies
A federal judge in Missouri on Thursday dismissed a lawsuit by the Republican-led state accusing Starbucks SBUX.O of using its commitment to diversity, equity and inclusion as a pretext to systematically discriminate based on race, gender and sexual orientation. U.S. …
POSTED FEBRUARY 06, 2026 3:31 PM |
Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire
Bob Shaw glared at the executives from the chemical giant 3M across the table from him. He held up a carpet sample and pointed at the logo for Scotchgard on the back. “That’s not a logo,” fumed Shaw, CEO of …
POSTED FEBRUARY 06, 2026 3:28 PM |
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