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News Archives - Insurance Journal

5th Circ. Affirms Conviction of Ex-Texas Police Chief in Insurance Fraud Case
A federal appeals court this month affirmed the conviction of a former Texas police chief who arranged the destruction of a personal vehicle, falsely reported it stolen, and received insurance proceeds. The United States Fifth Circuit Court of Appeals ruled …

POSTED JUNE 12, 2026 4:28 PM
US Ships Escort Oil Tankers Through Hormuz at Night, Burgum Says
US forces are helping move millions of barrels through the Strait of Hormuz under the cover of darkness, sometimes escorting more than 20 ships per night out of the vital waterway, US Interior Secretary Doug Burgum said Friday. Now that …

POSTED JUNE 12, 2026 4:24 PM
US P/C Industry Records $16 Billion Underwriting Income in Q1
The U.S. property/casualty industry reversed a $1 billion underwriting loss in the first quarter 2025 to post a $16.3 billion gain for the same period this year. According to a report from industry rating firm AM Best, net income doubled …

POSTED JUNE 12, 2026 3:19 PM
Houston Businessman Pleads Guilty in Arson-for-Hire Scheme
A Houston businessman has pleaded guilty to conspiring to commit arson of a commercial building, announced Acting U.S. Attorney John G.E. Marck. Lyndell Leroy Price, 42, admitted he directed others to intentionally set fire to Bar 5015, a Houston business …

POSTED JUNE 12, 2026 3:13 PM
Inszone Acquires Nebraska’s Sommelier Insurance Group
Inszone Insurance Services announced the acquisition of Sommelier Insurance Group, LLC. This strategic acquisition strengthens Inszone’s presence in Omaha, Nebraska, and adds specialized expertise in several key commercial sectors to the Inszone network. Founded in September 2020 by Luper Akough, …

POSTED JUNE 12, 2026 3:07 PM
Texas to Set Rules for Using Treated Fracking Water on Farms
State environmental regulators are preparing to take another critical step toward allowing treated oilfield wastewater to be spread on Texas farmland, a proposal that supporters say could help the state’s water supply needs and critics warn could expose communities and …

POSTED JUNE 12, 2026 3:04 PM
Scammers Used Gemini AI to Help Build Spam Messages, Google Says
Alphabet Inc.’s Google filed a lawsuit against a suspected Chinese cybercrime operation, alleging that the group used artificial intelligence to send more than 2 million text messages with fraudulent links attempting to scam cellphone users. Known as the Outsider Enterprise, …

POSTED JUNE 12, 2026 2:22 PM
Multiple Tornadoes Cause Damage in Illinois and Indiana
Several tornadoes struck northern and central Illinois and northwest Indiana on June 11, causing damage in multiple towns. The National Weather Service confirmed multiple tornadoes occurred in or near Streator, Illinois, Merrillville, Indiana and Hebron. Indiana. The storm corridor extended …

POSTED JUNE 12, 2026 2:18 PM
US Declares Power Emergency in Southeast as Heat Strains Grids
The Trump administration declared a power emergency in the southeastern US as forecasters warned of dangerous heat that’s likely to stress power grids along the country’s east coast. An emergency order issued by the Energy Department on Thursday allows Duke …

POSTED JUNE 12, 2026 2:09 PM
Solar Power Hits New Milestones in the US
Even as President Donald Trump boosts coal over clean energy, solar power is hitting new milestones in the U.S. and remains the leading source of new power. Data released June 10 by global energy think tank Ember, along with a …

POSTED JUNE 12, 2026 2:02 PM

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