News Archives - Insurance Journal

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2 01, 2026

Porsche to Recall Over 173,000 Vehicles for Rearview Camera Issue

By | January 2nd, 2026|Uncategorized|Comments Off on Porsche to Recall Over 173,000 Vehicles for Rearview Camera Issue

Porsche is recalling 173,538 vehicles in the U.S. as the rearview camera image may not display when the vehicle is placed in reverse, the U.S. National Highway Traffic Safety Administration said on Wednesday. This is one of the largest single …

2 01, 2026

US Sanctions Chinese Companies, Tankers With Venezuela Links

By | January 2nd, 2026|Uncategorized|Comments Off on US Sanctions Chinese Companies, Tankers With Venezuela Links

The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of evading restrictions. The Treasury Department’s Office of Foreign Assets Control …

2 01, 2026

Berkshire Falls on Buffett’s Last Day as CEO, Gained 6,100,000% Over 60 Years

By | January 2nd, 2026|Uncategorized|Comments Off on Berkshire Falls on Buffett’s Last Day as CEO, Gained 6,100,000% Over 60 Years

Berkshire Hathaway shares closed slightly lower on Warren Buffett’s final day as chief executive, with the legendary investor set to hand the reins to Greg Abel on Jan. 1. The price of Berkshire Class A shares edged down $600, or …

2 01, 2026

Nursing Home Bailouts. Why Vermont Has Given Millions to Keep Them Afloat

By | January 2nd, 2026|Uncategorized|Comments Off on Nursing Home Bailouts. Why Vermont Has Given Millions to Keep Them Afloat

With the second-oldest population in the country, Vermont needs its nursing homes. Yet, while Vermonters rapidly age, the state’s long-term care capacity has dwindled, losing 900 beds in the last two decades. To keep the struggling system afloat, the state …

6 01, 2026

High-Net-Worth Provider PCS Gets Former PURE CEO Buchmueller as Chairman

By | January 6th, 2026|Uncategorized|Comments Off on High-Net-Worth Provider PCS Gets Former PURE CEO Buchmueller as Chairman

Ross Buchmueller, founder and former CEO of PURE Insurance, will be joining the board of managing general underwriter Private Client Select Insurance Services as chairman. Buchmueller announced Jan. 5 on LinkedIn that he agreed to serve as chair of the …

2 01, 2026

Definity Financial Completes $2.4B Acquisition of Travelers’ Canadian Businesses

By | January 2nd, 2026|Uncategorized|Comments Off on Definity Financial Completes $2.4B Acquisition of Travelers’ Canadian Businesses

Definity Financial Corp., the Canadian property/casualty insurer, announced the completion of its previously announced acquisition of the personal insurance business and the majority of the Canadian businesses of The Travelers Cos. The deal, which was first announced in May 2025, …

2 01, 2026

Authorities Probing Damage to Undersea Telecom Cable in Gulf of Finland

By | January 2nd, 2026|Uncategorized|Comments Off on Authorities Probing Damage to Undersea Telecom Cable in Gulf of Finland

Authorities are investigating damage to an undersea telecommunications cable in the Gulf of Finland early Wednesday that occurred between the capitals of Finland and Estonia. Finnish authorities seized and inspected the vessel suspected to have caused the damage, the country’s …

2 01, 2026

2 New Jersey Pilots Killed in Helicopter Collision Frequented Nearby Cafe Together

By | January 2nd, 2026|Uncategorized|Comments Off on 2 New Jersey Pilots Killed in Helicopter Collision Frequented Nearby Cafe Together

Two men who died after their helicopters collided midair in New Jersey last weekend both earned their private pilot licenses over a decade ago and would often have breakfast together at a cafe near the crash site before taking to …

2 01, 2026

Kansas Man Sentenced to Probation for Insurance Fraud

By | January 2nd, 2026|Uncategorized|Comments Off on Kansas Man Sentenced to Probation for Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt this week announced a Sedgwick county man has been sentenced to 18 months of probation for insurance fraud. Shawn Gales, age 37, pleaded guilty on December 18, 2025, in Sedgwick County District Court to one …

2 01, 2026

Aon Extends Employment Agreement With CEO Case

By | January 2nd, 2026|Uncategorized|Comments Off on Aon Extends Employment Agreement With CEO Case

Aon Corp. said it has extended its contract with President and CEO Greg Case through 2030. Case’s contract was previously set to end on April 1, 2028. Case has led the brokerage, among the world’s largest, since he took over …