Insurance Journal

Apple Loses Bid to Dismiss Justice Department Antitrust Suit

Apple Inc. lost its bid to throw out an antitrust case brought by the US Justice Department and a group of state attorneys general on Monday, a victory for the aggressive posture taken during the Biden administration and carried on …

Posted: Jul 01, 2025

Cal/OSHA Regulations Extended to Domestic Workers Starting July 1

Domestic workers employed by companies in California are now covered by state workplace safety and health laws under a new law that took effect today. Previously workplace safety and health laws did not cover individuals performing household domestic...

Posted: Jul 01, 2025

Shut Three Mile Island Nuclear Plant May Restart in 2027, Owner Says

The former Three Mile Island nuclear power plant in Pennsylvania may restart in 2027, about a year ahead of schedule after being put on a fast track to connect to the regional grid, executives with the plant’s owner Constellation Energy …

Posted: Jul 01, 2025

People Moves: MSIG USA Appoints Petrone as Northeast Leader

MSIG USA, headquartered in Warren, New Jersey, appointed David Petrone as Northeast region distribution leader. Petrone will be responsible for regional distribution strategy, broker and client relationships, and support for MSIG USA’s underwri...

Posted: Jul 01, 2025

Senate Debates Whether to Adopt Revised State AI Regulation Ban

Two key U.S. Republican senators agreed to a revised federal moratorium on state regulation of artificial intelligence to five years and allow states to adopt rules on child online safety and protecting artists’ image or likeliness. Senate Comm...

Posted: Jun 30, 2025

1 Dead, 2 Injured in Philadelphia Explosion That Damaged Several Homes

One person died and two others were injured after an explosion damaged several homes on Philadelphia’s north side early Sunday, according to authorities. Firefighters responded to a report of an explosion just before 5 a.m., according to the Ph...

Posted: Jun 30, 2025

Meta, TikTok Can Be Sued by Mother of NYC Teen Killed While ‘Subway Surfing’

Meta Platforms and TikTok owner ByteDance must face a wrongful death lawsuit by the mother of a 15-year-old Manhattan boy who died while “subway surfing” on a moving train, a New York state judge ruled. Justice Paul Goetz ruled on …

Posted: Jun 30, 2025

Texas Establishes Response Team to Prevent Re-Emergence of Invasive Screwworm Fly

Gov. Greg Abbott wants Texas to get serious about an invasive, parasitic fly that poses a serious threat to the state’s livestock and wildlife. Abbott ordered the Texas Animal Health Commission and the Texas Parks and Wildlife Department to est...

Posted: Jun 30, 2025

Containment Grows on Southern California Wildfire As Evacuation Orders Lifted

Firefighters made quick progress battling a wildfire in Southern California, which is now 25% contained after burning 485 acres in San Bernardino County and prompting evacuations. The Lake Fire erupted Saturday afternoon north of Crestline and Lake A...

Posted: Jun 30, 2025

Omni Hotels Sued for Alleged Religious Discrimination at Chicago Property

Omni Hotels Management Corporation violated federal law at its Michigan Avenue location in Chicago when it discriminated against an employee by denying his request to not work on Sundays due to his religion, the U.S. Equal Employment Opportunity Comm...

Posted: Jun 30, 2025

Flint, Michigan Struggles to Complete Lead Pipe Replacement Decade After Water Crisis

Jeffrey Bell watched as crews dug up and replaced neighbors’ lead water pipes, hoping his mother’s house would be next. Workers told him it wasn’t on their list but probably assigned to another contractor. With Flint’s lead pi...

Posted: Jun 30, 2025

Tech Industry Trade Group Sues Arkansas Over Social Media Laws

A tech industry trade group sued Arkansas Friday over two new laws that would place limits on content on social media platforms and would allow parents of children who killed themselves to sue over content on the platforms. The lawsuit …

Posted: Jun 30, 2025

US Warns Iran-Tied Hackers Pose Ongoing Risk to American Firms

Iran-affiliated hackers remain a potential threat to critical sectors of the US economy, including defense contractors and other American organizations, according to a bulletin published Monday from the FBI, the National Security Agency, the Cybersec...

Posted: Jun 30, 2025

Idaho Officials Say Gunman Started Fire, Then Fatally Shot 2 Firefighters in Ambush

A man armed with a rifle started a wildfire and then began shooting at first responders in a northern Idaho mountain community, killing two firefighters and wounding a third during a barrage of gunfire over several hours, authorities said. A …

Posted: Jun 30, 2025

2024 Grocery Chain Cyber Attack Exposed Data of 2.2 Million Employees, Others

Ahold Delhaize USA Services, the Dutch company that owns Stop & Shop and Hannaford grocery stores across New England and others across the country, reported on June 26 that a cyber attack last November likely exposed the personal information of &...

Posted: Jun 30, 2025

2024 Grocery Chain Cyberattack Exposed Data of 2.2 Million Employees, Others

Ahold Delhaize USA Services, the Dutch company that owns Stop & Shop and Hannaford grocery stores across New England and others across the country, reported on June 26 that a cyberattack last November likely exposed the personal information of an...

Posted: Jun 30, 2025

Lloyd’s Applauds Removal of Section 899 Tax Measure From ‘One Big Beautiful Bill’

Lloyd’s has issued a statement applauding the removal of Section 899 from the Senate’s version of the Republication reconciliation bill, which would have could have led to substantial additional tax on the US income of non-US-domiciled bu...

Posted: Jun 30, 2025

Wall Street Backs LA Wildfire Lawsuits, Chasing Billions

The Los Angeles wildfires have generated potentially thousands of new clients for lawyers and prospects for billions in fees. Wall Street wants in on the action, too. The chance at a piece of strong returns has encouraged investment banks, hedge &#82...

Posted: Jun 30, 2025

Beazley Report: US Executives Misjudge Cyber Preparedness

U.S.-based executives feel more prepared to counter cyber threats, potentially indicating a false sense of security because many companies lack the ability to be adequately prepared, according to a new report from specialist insurer Beazley. Accordin...

Posted: Jun 30, 2025

G7 Agrees to Avoid Higher Taxes for US and UK Companies

The United States and the Group of Seven nations have agreed to support a proposal that would exempt U.S. companies from some components of an existing global agreement, the G7 said in a statement on Saturday. The group has created …

Posted: Jun 30, 2025

‘Generali’ Sign Atop Insurer’s Skyscraper Offices Collapses in Milan

One of the giant Generali signs that crown the Italian insurer’s head offices in Milan collapsed on Monday, remaining atop the 170 meter-high (558 ft) skyscraper but at risk of crashing to the ground, firefighters said on Monday. Generali, whic...

Posted: Jun 30, 2025

People Moves: Liberty Specialty Markets Taps CNA Hardy’s Butt as UK Head of Casualty Claims; SiriusP...

This edition of Interntional People Moves details appointments at Liberty Specialty Markets and SiriusPoint. A summary of these new hires follows here. Liberty Specialty Markets Taps CNA Hardy’s Butt as Head of Casualty Claims, UK Liberty Speci...

Posted: Jun 30, 2025

Markets/Coverages: AEGIS London Raises Line Sizes for Political, Financial Risk Cover

AEGIS London, a top quartile Lloyd’s syndicate, has announced significant enhancements to its political and financial risk (PFR) offering. The syndicate has increased its sovereign non-payment (CF) and political risk (PR) line sizes from $20 mi...

Posted: Jun 30, 2025

Executives Get Combined 141 Years in Prison for Italy PFAS Spill

Eleven former executives of companies linked to Miteni SpA were sentenced to a combined 141 years in prison by an Italian court for one of the largest groundwater contaminations of forever chemicals in Europe. Parent company Mitsubishi Corp., Japan&#...

Posted: Jun 30, 2025

Hedge Fund Strategy Built on Catastrophes Taps a Hot New Trend – Parametrics

One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an old idea whose popularity is suddenly soaring. Parametric insurance, where policyholders get quick payouts if weather-related metric...

Posted: Jun 30, 2025