Insurance Journal

UK Watchdog Fines Aviva Unit $14 Million Over Solvency Miscalculation

Britain’s banking stability watchdog has fined U K Insurance Ltd., now part of Aviva, 10.6 million pounds ($14.2 million) over a miscalculation in its Solvency II balance sheet for 2023 and 2024. The Prudential Regulation Authority (PRA), part...

Posted: Mar 11, 2026

UBS Urges US Judge to Curb Liability for Nazi-Linked Crimes

UBS urged a U.S. judge on Tuesday to shield it from new Holocaust-related litigation arising from an investigation of the former Credit Suisse’s activities during World War II. A lawyer for UBS asked U.S. District Judge Edward Korman in Brookly...

Posted: Mar 11, 2026

Coast Guard and First Responders Battle Fire on Scrap Metal Barge in Delaware Bay

Multiple government agencies and the U.S. Coast Guard have been responding to a barge fire in the Delaware Bay since 8:20 a..m. yesterday. The barge is carrying salvage metal and has been moved to shallow water where it can be …

Posted: Mar 11, 2026

CRC Group CEO on Casualty: ‘It’s More About the Coverage’

Data, said CRC Group CEO Dave Obenauer, is a more critical part of insurance than ever, with artificial intelligence leading to greater client coverage outcomes. Speaking recently at Zywave’s Casualty Insights Conference in New York, Obenauer s...

Posted: Mar 11, 2026

CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price

Data, said CRC Group CEO Dave Obenauer, is a more critical part of insurance than ever, with artificial intelligence leading to greater client coverage outcomes. Speaking recently at Zywave’s Casualty Insights Conference in New York, Obenauer s...

Posted: Mar 11, 2026

Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub

If all goes according to plan for the nation’s second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers...

Posted: Mar 11, 2026

Alabama Dentist Sentenced After Blowing Up His Office to Gain Insurance Payout

Almost one year ago, an Alabama dentist was captured on surveillance video setting fire to his dental office in Evergreen, triggering an explosion that destroyed the building and slightly injured the dentist. Last week, Dr. Douglas P. O’Connor...

Posted: Mar 11, 2026

Virginia Boater Files Class Action Against DC Utility for Potomac River Sewage Spill

A Virginia boater is suing a Washington water utility for negligence in the collapse of a pipe that leaked millions of gallons of raw sewage into the Potomac River. The class action lawsuit filed Friday in U.S. District Court in …

Posted: Mar 11, 2026

Recreational Marijuana Effort Fizzles After Florida High Court Declines to Review

A move to allow Florida voters to decide if recreational marijuana should be legal in the state won’t be appearing on ballots anytime soon. The Florida Supreme Court this week declined to hear a petition from Smart & Safe Florida. …

Posted: Mar 11, 2026

Florida Bills Would Open Door to More Housing in the Everglades, Brownfields

Florida lawmakers who say they want to encourage construction of more affordable housing are trying to strip away powers Miami has used for decades to keep developments, strip malls and warehouses out of the Everglades. A land-use bill, HB 399, &#823...

Posted: Mar 11, 2026

Three Ships Hit by Projectiles in Middle East, UK Navy Says

The UK Navy said three vessels were hit with suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, as the conflict in the region continues to menace shipping. The targets, none of which were identified, include a …

Posted: Mar 11, 2026

Update: Three Ships Hit by Projectiles in Middle East, UK Navy Says

Three vessels were hit by suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, one of the heaviest days of attacks since the Iran war began. A cargo vessel called Mayuree Naree was attacked in the Strait …

Posted: Mar 11, 2026

Three Ships Struck in Day of Heavy Middle East Attacks

Three vessels were hit by suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, one of the heaviest days of attacks since the Iran war began. A cargo vessel called Mayuree Naree was attacked in the Strait …

Posted: Mar 11, 2026

Sony Fighting $2.7 Billion UK Lawsuit Over PlayStation Store Prices

Sony is fighting a London lawsuit worth almost 2 billion pounds ($2.7 billion) that alleges the PlayStation maker’s “monopoly position” inflated prices for digital games, in the latest mass consumer case to go to trial in Britain. T...

Posted: Mar 11, 2026

Bahrain Takes Aircraft Out of Country as Iran Threat Persists

Bahrain repositioned aircraft for its national carrier Gulf Air and several cargo companies out of the country as the Gulf nation continues to face threats from Iranian missile and drone attacks. Some 17 aircraft were taken out of the country, &#8230...

Posted: Mar 11, 2026

Update: Dubai Flights Disrupted After Drones Injure Four Near Main Airport

Dubai International Airport briefly halted operations on Wednesday after drones smashed down at the facility, resulting in four injuries at the world’s busiest international hub. Dubai’s media office said that two drones fell in the vicin...

Posted: Mar 11, 2026

Dubai Flights Disrupted After Drones Injure Four Near Main Airport

Dubai International Airport briefly halted operations on Wednesday after drones smashed down at the facility, resulting in four injuries at the world’s busiest international hub. Dubai’s media office said that two drones fell in the vicin...

Posted: Mar 11, 2026

Texas Hemp Businesses Fear an Uptick in Police Raids

Dallas attorney Chelsie Spencer specializes in making sure Texas businesses that sell hemp-derived THC products know how to stay in compliance with state and federal rules and regulations, an area that can be very confusing. She offers them a monthly...

Posted: Mar 11, 2026

Bayer Takes Its Multi-Front Battle on Pesticide Liability to Kansas

Kansas lawmakers were set to take up a bill on Tuesday backed by Bayer BAYGn.DE that would prevent people from suing pesticide manufacturers for not warning them that their products could cause cancer or other illnesses, as the German company …

Posted: Mar 11, 2026

Unconditional Payments Interrupt Prescription for Louisiana First-Party Claims

Unconditional payments – payments made without condition or reservation of rights, such as settlement offers – restart the clock on the standard two-year prescriptive period for Louisiana first-party insurance claims, the state high court ruled last...

Posted: Mar 11, 2026

Northern Louisiana Rattled by Series of Earthquakes

Louisiana already has its hands full catastrophe exposures in the form of hurricanes, floods and severe storms. Could earthquakes be next on the list? Northern Louisiana has been rattled by a series of earthquakes in the past week. First was …

Posted: Mar 11, 2026

DOJ Urges Companies to Report Criminal Misconduct in New Nationwide Policy

The U.S. Justice Department is rolling out a policy across divisions to encourage companies to report criminal misconduct in exchange for reduced penalties and other benefits, according to a DOJ memo shared with Reuters on Tuesday. The policy, simila...

Posted: Mar 11, 2026

International Women’s Day 2026: Why ‘Give to Gain’ Matters for Insurance

Every March, our industry gets a moment to pause and recognize the women shaping insurance—not just through leadership and advocacy, but through the economic power they generate every day. Women are driving business creation, influencing commercial b...

Posted: Mar 11, 2026

NHTSA Seeks Comment on Zoox Petition for Robotaxis Without Steering Wheels

The National Highway Traffic Safety Administration said Tuesday it is seeking public comments on Amazon.com’sself-driving unit Zoox to deploy up to 2,500 purpose-built, steering-wheel-free robotaxis. Zoox filed a petition in August seeking appr...

Posted: Mar 11, 2026

The California DMV Renewed His License After His Crash Killed A Child – Then Hid His Records

Placer County prosecutors wanted any information the California Department of Motor Vehicles had on Kostas Linardos, who drove a three-ton pickup truck at high speed into the back of a sedan in late 2022, killing a toddler. The district attorney&#821...

Posted: Mar 11, 2026