Daily Headlines: Thursday, July 2, 2026

 
Insurance Journal
 
 

Today's Headlines

 
July 2, 2026
 
Today's Headline Sponsor: Academy of Insurance
 
 
 
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The answer, like most moments in insurance, is maybe, it depends on the circumstances. Join us as Casey Roberts unpacks the exclusion and endorsements.
 
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National

 

Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers

Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices...
 

Big Tech's Carbon Emissions Spike With Runaway Growth of AI

The greenhouse gas emissions of Amazon.com Inc. and Alphabet Inc.'s Google spiked in 2025, pointing to a growing problem for the...
 

Bayer Fuels Break-Up Talk as Roundup Business Put Into Separate Unit

Bayer said on July 2 it was consolidating its U.S. Roundup business in a new unit, less than a week after scoring a major legal victory...
 

Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor

Whether artificial intelligence will cause mass workforce cuts over time remains up for debate, but it is starting to leave an imprint on...
 

Travelers Builds Insurance-Specific LLM

The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large...
 

People Moves: Miller Appoints Plant Head of North American Property

Miller, an independent specialist (re)insurance broker headquartered in London, appointed Kim Plant as head of North American property....
 

US Declines to Extend North American Trade Deal

The Trump administration on July 1 declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the...
 

Festival Spotlight

As the summer season of outdoor music festivals gets ready to begin, organizers and their insurance partners must prepare for all risks. One...
 

Agent-Carrier Relationships Improving, Survey Shows

Maybe it's the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying...
 
More National News »
 
 

Featured Events

 
AI Tools for Underwriting Demo Day

AI Tools for Underwriting Demo Day

July 8 / Virtual
 
Cyber Risk Tools Demo Day

Cyber Risk Tools Demo Day

July 22 / Virtual
 
Data Cleansing & Data Tools Demo Day

Data Cleansing & Data Tools Demo Day

August 19 / Virtual
 
See more events, or you can post your own at our events page.
 
 

East

 

New York City, Northeast Swelter in Hottest Day of the Year

New York City and the eastern US are set to swelter through the hottest day of the year so far, as a heat wave drives up power prices and...
 

Virginia to Allow Recreational Marijuana Sales in Retail Stores in 2027

Five years after becoming the first Southern state to legalize possession of marijuana, Virginia has approved a legal way to sell it to...
 

Trump May Ask Supreme Court to Reconsider Carroll Appeal Denial

President Donald Trump may ask the US Supreme Court to reconsider its decision to turn away his appeal of a $5 million verdict against...
 

Popular 14th Street DC Restaurant Settles Wage and Hour Violation Charges

A popular District of Columbia restaurant and nightclub will pay $243,350 to settle charges that it harmed employees by violating wage...
 

World Insurance Adds Maryland's Still Creek Agency

World Insurance Associates LLC reports it acquired the business of Still Creek Insurance of Rockville, Maryland on March 1, 2026. Still...
 
More East News »
 
 
 
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Midwest

 

Ex-Michigan Police Lieutenant Pleads Guilty to Falsifying Salvage Vehicle Inspections

A former Lincoln Township, Michigan Police Department Detective Lieutenant has pled no contest to falsifying salvage vehicle inspections,...
 

People Moves: Alliant Hires Sorensen as EVP in Mergers & Acquisitions

Alliant Insurance Services has hired Justin Sorensen, ARM, as executive vice president within its mergers and acquisitions (M&A)...
 
More Midwest News »
 
 

Southeast

 

Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits

A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50...
 

Former Auto-Owners Claims Manager in NC Charged With Fraud in His Own Claim

A longtime claims manager for Auto-Owners Insurance Co. has been charged with defrauding the company of more than $43,000. Ian V....
 
More Southeast News »
 
 
 
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South Central

 

AM Best Revises Outlook to Positive for Louisiana Workers' Compensation Corporation

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the...
 

Oklahoma-Based Homebuilder Sued for Pregnancy Discrimination

H.C. Employees, LLC doing business as Home Creations, a homebuilder operating in Oklahoma and Texas, violated federal law when it fired...
 

Texas Petrochemical Plants May Not be Ready for Fiercer Storms

Nearly two decades had passed since the storm. For many, the memory of what had happened on Goat Island had largely vanished into the...
 
More South Central News »
 
 

West

 

DUAL North America Launches California Homeowners Product

DUAL North America launched a California Homeowners insurance product, expanding its U.S. personal lines offering. The product is written...
 

Washington Farm Labor Contractor Fined $700,000 for Breaking Worker Protection Laws

A Washington farm labor contracting company faces nearly $700,000 in fines for labor violations. The Washington State Department of Labor...
 
More West News »
 
 

International & Reinsurance

 

Cedents Find Competitive Market Conditions at Midyear Reinsurance Renewals: Brokers

Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices...
 

Flood Re to Cut Insurance Payouts to Richest UK Households

The UK's flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of...
 

Germany Charges Former Ukrainian Army Officer With Nord Stream Pipeline Attack

German federal prosecutors have charged a former Ukrainian army officer with being the co-perpetrator of a war crime over the 2022 Nord...
 

Europe's Climate Adaptation Efforts Have Lagged its Net-Zero Drive

The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global warming in...
 

Iran's Floating Oil Hoard Swells as Major Buyers Stay Away

A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window...
 

BlueCrest Slams UK as Bad for Business After Top Court Tax Case Loss

Michael Platt's BlueCrest Capital Management said the UK is "no longer a serious contender" as a place to do business after the firm lost...
 

Specialist Risk Group Acquires UK-Based Broker Superian Insurance Group

Specialist Risk Group (SRG), the UK specialist insurance intermediary, announced the acquisition of London-based independent insurance...
 
More International & Reinsurance News »
 
 

Insurance Jobs

 

Client Executive - Lamb Insurance Services - Chicago, IL; Washington DC; Dallas, TX; Manhattan, NY

 

Commercial Lines Senior Account Manager (Bilingual) - Acrisure - Remote, Florida

 

Underwriting / Agent Relations - Louisiana Restaurant Association - Metairie, LA

 

Senior Account Associate - Commercial Lines - Insurance Office of America - Remote

 

Senior Account Associate - Commercial Insurance - Insurance Office of America - Remote

 
 
 

Research and Webinars

 
research

Renewing Hotel Accounts? Key Risks, Claims Trends and Coverage Considerations

Hotel owners face a growing range of challenges: property and liability concerns, workforce issues, aging infrastructure, severe...
 
research

The Ultimate Employment Practices Guide: A Step-by-Step Guide to Employment Risk Mitigation for Housing Clients

Employment lawsuits are among the costliest and most frequent forms of litigation housing organizations face. From wrongful...
 
research

Zero Hold Time Is Now Attainable for Agencies

Market share is shifting rapidly. Agencies that move decisively on Voice AI will be the ones positioned to differentiate,...
 
research

A "Perfect Storm of Complexity" Is Facing MGAs and Wholesalers

MGAs and wholesalers are under more pressure than ever to move business quickly, maintain underwriting discipline, satisfy...
 
research

How Branch Accelerates Time-to-Close for Homeowners Claims

40 days. That's the average length of time it takes to move from first notice of loss to final payment on a homeowners insurance...
 
More research and webinars »
 
 

Insurance Journal TV

 
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EP. 114: Underwriting, Workflows, and Digital Transformation

In this episode of The Insuring Cyber Podcast, two guests discuss how artificial intelligence...
 
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EP. 07: Why Are Severe Convective Storms All The Rage Nowadays

Severe Convective Storms are kicking up a lot of interest for insurers, reinsurers, modelers...
 
Watch more videos at InsuranceJournal.tv »
 
 
 
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