News Archives - Insurance Journal

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6 05, 2026

Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says

By | May 6th, 2026|Uncategorized|Comments Off on Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says

Greece has rescued all nine crew members, eight Turkish and one Azerbaijani, of a cargo ship that hit rocks and sank off the island of Andros early on Wednesday, a Greek coast guard official said. The Vanuatu-flagged freighter had left …

6 05, 2026

Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW

By | May 6th, 2026|Uncategorized|Comments Off on Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW

Specialty insurance market rates declined in 2025 and during the January 1, 2026 renewals, with the pace of change exceeding expectations, according to WTW’s Specialty Insurance Marketplace Survey (SIMS). Data from the January 1 renewals and new business point to …

7 05, 2026

White House Prepares Order to Boost AI Security, Says Economic Advisor

By | May 7th, 2026|Uncategorized|Comments Off on White House Prepares Order to Boost AI Security, Says Economic Advisor

The White House is looking into an executive order that would create a vetting system for new artificial intelligence models like Anthropic PBC’s Mythos in a bid to protect business and government networks from AI-related cyber risks, a top economic …

7 05, 2026

A Quieter Hurricane Season This Year Could Still Pummel the US Power Grid

By | May 7th, 2026|Uncategorized|Comments Off on A Quieter Hurricane Season This Year Could Still Pummel the US Power Grid

Meteorologists are forecasting about 13 named Atlantic storms this season, or a little less activity than average. That sounds like good news for the US power grid and everyone who relies on it. But a look back at recent years …

6 05, 2026

SEC Rule to End Biden-Era Climate Policy Sent to White House

By | May 6th, 2026|Uncategorized|Comments Off on SEC Rule to End Biden-Era Climate Policy Sent to White House

The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies. The regulator sent the measure to the White House’s Office of Management and Budget for review on …

7 05, 2026

Man Sentenced for Commercial Learner’s Permit Cheating Scam Using Bluetooth

By | May 7th, 2026|Uncategorized|Comments Off on Man Sentenced for Commercial Learner’s Permit Cheating Scam Using Bluetooth

A Boston man was sentenced in federal court for surreptitiously providing answers to exam questions for a person seeking a commercial learner’s permit (CLP). In Massachusetts, a permit is required before obtaining a commercial driver’s license. Frank Castro was indicted …

7 05, 2026

Texas Sees Surge in Gas Projects as Data Centers Drive Shift in Power Generation

By | May 7th, 2026|Uncategorized|Comments Off on Texas Sees Surge in Gas Projects as Data Centers Drive Shift in Power Generation

A decade ago, wind power was surging in popularity and attracting huge investments that made Texas a national leader in renewable energy. But today, gas generation is making a big comeback, driven by a wave of data centers flooding into …

7 05, 2026

ALPS to Acquire Ohio Bar Liability Insurance Company

By | May 7th, 2026|Uncategorized|Comments Off on ALPS to Acquire Ohio Bar Liability Insurance Company

The Ohio State Bar Association (Ohio Bar) and ALPS Insurance (ALPS) today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance …

7 05, 2026

Iran Sets Out Process for Hormuz Transit But Shipowners Are Wary

By | May 7th, 2026|Uncategorized|Comments Off on Iran Sets Out Process for Hormuz Transit But Shipowners Are Wary

Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious about sending their vessels through until there are more details about the conditions that may be imposed. Iran’s Islamic Revolutionary …

7 05, 2026

People Moves: Pennsylvania Lumbermens Mutual Promotes Leadership Team Members

By | May 7th, 2026|Uncategorized|Comments Off on People Moves: Pennsylvania Lumbermens Mutual Promotes Leadership Team Members

Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, made several executive leadership changes and promotions across the organization. Steve Firko, CPCU, a PLM veteran of over two decades, assumed the role of president. Firko, who has 40 years of …