News Center
News Archives - Insurance Journal
Connecticut Seeks Consultant to Explore Nonprofit Liability Insurance Options
The Connecticut Insurance Department (CID) is seeking a consultant to conduct a study and present options to improve the liability insurance market for nonprofit organizations operating in the state. A report issued in January by a working group of legislators, …
POSTED JULY 08, 2026 12:56 PM |
Damaged Qatari LNG Tanker Awaits Salvage After Strike as Hormuz Risks Escalate
A Qatari LNG tanker was still stuck off Oman on Wednesday awaiting salvage operations, shipping data showed, a day after it was hit by a projectile, while the U.S. military said two other tankers had been targeted by Iran in …
POSTED JULY 08, 2026 12:29 PM |
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI
Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence solutions. The cuts, which they expect to take the forms of severance agreements, early …
POSTED JULY 08, 2026 11:27 AM |
Developer Downplays Structural Concerns at ‘Unstable’ Midtown Manhattan Tower
The structural concerns that led New York City officials to shut down a Midtown Manhattan high-rise and evacuate surrounding buildings are “very small,” said Nathan Berman, the chief executive officer of Metro Loft, which is leading the project to convert …
POSTED JULY 08, 2026 11:02 AM |
NYC Is Racing to Secure Unstable Midtown Manhattan Building
New York City officials were racing to stabilize a high-rise building in the heart of Manhattan after cracks developed in multiple columns and floors began to sag, leading to the evacuation of nearby office buildings and a school during the …
POSTED JULY 08, 2026 11:01 AM |
London Moves to Expand Influence in $140 Billion ILS Market
The world’s biggest hub for commercial and specialty risk is angling for a much more prominent role in the $140 billion global market for insurance-linked securities. Issuance of ILS products, currently dominated by Bermuda, is witnessing a stunning surge in …
POSTED JULY 08, 2026 10:26 AM |
Private Equity Turns to Heat Detectives as Climate Risks Intensify
Erratic weather is forcing private equity investors to scrutinize a new source of financial risk — whether assets in their portfolios can withstand a changing climate. For decades, investment models at the world’s largest funds relied on assumptions of a …
POSTED JULY 08, 2026 9:58 AM |
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to …
POSTED JULY 08, 2026 7:00 AM |
Supreme Court Lets Texas’ Age App Verification Law Stand
Texas can continue enforcing a law requiring app marketplace operators like Google and Apple to verify all users’ ages after the U.S. Supreme Court declined Monday to intervene. Senate Bill 2420, which was supposed to take effect Jan. 1, establishes …
POSTED JULY 08, 2026 7:00 AM |
Sequel Insurance Agencies Acquires Texas’ Watkins
Sequel Insurance Agencies, powered by SIAA, a leading independent insurance agency platform and perpetuation partner for entrepreneurial agencies, announced its acquisition of Watkins Insurance Group including five office locations across Austin and Central Texas. This transaction marks another strategic milestone …
POSTED JULY 08, 2026 5:29 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 Cote Agency 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.
|