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News Archives - Insurance Journal

Appeals Court Affirms Conviction of Ex-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

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