News Archives - Insurance Journal

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4 05, 2026

UK Court Orders Samsung to Pay China’s ZTE a $392M Lump Sum After Patent Trial

By | May 4th, 2026|Uncategorized|Comments Off on UK Court Orders Samsung to Pay China’s ZTE a $392M Lump Sum After Patent Trial

Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday in the English leg of the companies’ global licensing dispute. ZTE has brought parallel lawsuits …

4 05, 2026

California Taking Action Against State Farm Over LA Wildfire Claims

By | May 4th, 2026|Uncategorized|Comments Off on California Taking Action Against State Farm Over LA Wildfire Claims

The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …

4 05, 2026

Study Suggests Federal Action to Realize Insurance Savings

By | May 4th, 2026|Uncategorized|Comments Off on Study Suggests Federal Action to Realize Insurance Savings

A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses — and it proposes federal guardrails so that a public beset by affordability pressures could see savings. The analysis by the …

4 05, 2026

Westcap Launches Excess Liability Product

By | May 4th, 2026|Uncategorized|Comments Off on Westcap Launches Excess Liability Product

Westcap Insurance Services announced the launch of its new Excess Liability product, further enhancing its ability to deliver comprehensive risk solutions to clients in the construction and manufacturing sectors. The new offering is designed to complement existing coverages by providing …

4 05, 2026

Kansas Man Sentenced for Insurance Fraud

By | May 4th, 2026|Uncategorized|Comments Off on Kansas Man Sentenced for Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced a Wyandotte County man has been sentenced to 16 months in prison for insurance fraud. Christopher Dunn, aged 33, pleaded guilty on March 2, 2026, in Wyandotte County District Court to one felony count …

4 05, 2026

Massive Explosion at NYC Home Sends Police Officers Flying

By | May 4th, 2026|Uncategorized|Comments Off on Massive Explosion at NYC Home Sends Police Officers Flying

A massive, fiery explosion at a house in Queens sent several New York City police officers flying through the air early last Thursday morning as they were responding to a call of a man inside armed with a knife and …

4 05, 2026

American Farmers Shun USDA Surveys as Trust in Data Erodes

By | May 4th, 2026|Uncategorized|Comments Off on American Farmers Shun USDA Surveys as Trust in Data Erodes

American farmers are ignoring US Department of Agriculture surveys in the latest sign of distrust in government data. Reply rates for the USDA’s annual prospective planting report sank in March to a record low, with just over a third of …

29 04, 2026

Bill to Extend Federal Terrorism Backstop Introduced in Senate Committee

By | April 29th, 2026|Uncategorized|Comments Off on Bill to Extend Federal Terrorism Backstop Introduced in Senate Committee

A bipartisan effort is underway in the Senate with the introduction of a bill to extended the federal terrorism risk insurance program for seven years. A federal backstop for terrorism risk was first initiated late in 2002 by the Terrorism …

29 04, 2026

AMA Says Research on Medical Liability Claims Shows ‘Broken’ System

By | April 29th, 2026|Uncategorized|Comments Off on AMA Says Research on Medical Liability Claims Shows ‘Broken’ System

New research studies from the American Medical Association (AMA) reveal many physicians face a significant risk of being sued during their careers. The ever-present risk of lawsuits—even when no error occurred—and high medical liability insurance premiums have contributed to a …

29 04, 2026

Fast-Moving storms Batter the Midwest With Hail, Heavy Rain

By | April 29th, 2026|Uncategorized|Comments Off on Fast-Moving storms Batter the Midwest With Hail, Heavy Rain

Fast-moving storms pummeled parts of the Midwest with hail, strong wind and heavy rain Monday, flooding streets, stranding commuters and downing many trees, including one in western Michigan that landed on a man and killed him. More than 56 million …