Insurance Journal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign...
Posted: Nov 18, 2025
The head of the U.S. Securities and Exchange Commission said the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities. “In the coming months, I anticipate that the...
Posted: Nov 18, 2025
Horizon Blue Cross Blue Shield of New Jersey agreed to pay $100 million to resolve allegations that the health-insurance company had ripped off taxpayers by overpaying for care, in a pact made public on Friday. The settlement with New Jersey …
Posted: Nov 18, 2025
Supervisor Adam Bowman was loading metal onto a truck at a scrapyard just south of the Louisville, Kentucky, airport when he heard what he first thought was a transformer explosion and quickly realized was more horrific. “I turned around and &#...
Posted: Nov 18, 2025
Florida’s insurance commissioner has approved a 6.9% average decrease in workers’ compensation rates for the voluntary market for 2026, marking the ninth straight year of rate cuts in the state. The average rate reduction will be for new...
Posted: Nov 18, 2025
Walgreens has agreed to pay $500,000 to settle claims of overcharging at its stores in Vermont — including in one instance where an item rang at the register $23 higher than its shelf price, the state Attorney General’s Office said …
Posted: Nov 18, 2025
The New Jersey NAACP and two Latino groups last week filed suit against the state Department of Banking and Insurance, charging that the agency encourages discrimination in auto insurance rates by allowing insurers to use drivers’ education and...
Posted: Nov 18, 2025
A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for...
Posted: Nov 18, 2025
The Trump administration’s top official at the Federal Emergency Management Agency is departing his post after about six months on the job, according to the Washington Post. David Richardson resigned on Monday as FEMA’s acting head, the n...
Posted: Nov 17, 2025
The Trump administration’s top official at the Federal Emergency Management Agency, David Richardson, resigned on Monday after about six months on the job. Richardson had no emergency management experience when he took on the role. He came to F...
Posted: Nov 17, 2025
World Insurance Associates LLC acquired the business of Reinig Insurance Solutions in Lakewood, Colorado. Reinig Insurance Solutions specializes in providing property/casualty products and services to the health and fitness industry. World Insurance...
Posted: Nov 17, 2025
A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker...
Posted: Nov 17, 2025
A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker...
Posted: Nov 17, 2025
The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said U.S. private passenger nonstandard auto insurers turne...
Posted: Nov 17, 2025
Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions and heightened security threats have made the route more dangerous and complicated for commercial vessels. Meta Platforms Inc.R...
Posted: Nov 17, 2025
Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions and heightened security threats have made the route more dangerous and complicated for commercial vessels. Meta Platforms Inc.R...
Posted: Nov 17, 2025
Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.’s Lloyd’s Syndicate 1729, and K2 Insurance Services, an independent MGA platform, have received “in principle” approval from Lloyd’s to launch Sy...
Posted: Nov 17, 2025
Showers will be winding down across Los Angeles and Southern California after record rains brought raised the risks of floods and mudslides, especially in areas scorched by recent wildfires. Downtown Los Angeles received 1.65 inches Saturday, a recor...
Posted: Nov 17, 2025
More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the …
Posted: Nov 17, 2025
More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the …
Posted: Nov 17, 2025
Two law enforcement vehicles crashed in Tennessee on Friday night while supporting Vice President JD Vance’s motorcade, sending a police officer to the hospital in critical condition, authorities said. The crash in Maryville, about 17 miles (27...
Posted: Nov 17, 2025
Authorities in New Jersey are investigating the death of a 2-year-old boy who was reported to have fallen from a 20th-story window. Newark police were called to a high-rise apartment building at 7 a.m. Saturday on the report of a …
Posted: Nov 17, 2025
Federal officials confirmed Saturday that a surge of immigration enforcement in North Carolina’s largest city has begun, as agents were seen making arrests in multiple locations. “Americans should be able to live without fear of violent c...
Posted: Nov 17, 2025
A team of researchers has uncovered what they say is the first reported use of artificial intelligence to direct a hacking campaign in a largely automated fashion. The AI company Anthropic said this week that it disrupted a cyber operation …
Posted: Nov 17, 2025
European Central Bank Vice President Luis de Guindos said financial-stability risks are still high due to the unpredictable outlook for the global economy and trade. “Vulnerabilities remain elevated in view of uncertainty over geoeconomic trend...
Posted: Nov 17, 2025