Insurance Journal

Africa’s Biggest City Takes Out $7.5 Million Flood-Risk Policy

Lagos, Nigeria’s commercial hub, has secured a $7.5 million flood insurance policy so some of its poorest residents can access relief when disaster strikes. The policy covers up to 4 million people in the coastal megacity, according to a statem...

Posted: Mar 30, 2026

Trump Unveils New Loan Guarantees for Beleaguered Farmers

President Donald Trump announced new loan guarantees for farmers and food suppliers, a bid to bolster US agricultural communities squeezed by the impact of the Iran war, tariffs and other challenges. Trump said the loan guarantees would cover farmers...

Posted: Mar 30, 2026

Bank of America Agrees to Pay $72.5M to Settle Epstein Accusers’ Lawsuit

Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday. Lawyers for the bank and the women …

Posted: Mar 30, 2026

Lines Persist at Some Airports After Trump Signs TSA Pay Memo

Several US airports advised travelers on Saturday to arrive at least four hours before their flights because of long security lines even after President Donald Trump said Transportation Security Administration workers would be paid by tapping funds f...

Posted: Mar 30, 2026

Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses

Average cyber insurance claim severity for large accounts in the U.S. nearly doubled in 2025, according to a new Chubb report. The insurer’s 2026 Cyber Claims Report found that average severity for businesses with $1 billion or more in revenue...

Posted: Mar 30, 2026

Sarasota Homeowners Say Breach in County Dike Caused Flooding in Hurricane Debby

More than 100 homeowners have charged in a lawsuit that officials in Sarasota County, Florida, failed to maintain a dike for years, allowing Hurricane Debby’s floodwaters to inundate homes throughout an upscale subdivision. “Engineering m...

Posted: Mar 30, 2026

Investigators Find Mississippi Gas Pipes Separated but Utility Discounted the Danger

Separate natural gas explosions in January 2024 that destroyed two homes in Jackson, Mississippi resulted from underground pipes pulling loose from their fittings as spongy clay soil expanded and contracted with rainfall, according to a federal repor...

Posted: Mar 30, 2026

2 Students Dead and Others Injured in Tennessee School Bus Crash

A school bus crash in west Tennessee on Friday killed two students and injured at least seven other people, officials said. The crash involving a Tennessee Department of Transportation dump truck, a Chevrolet Trailblazer and the school bus took place...

Posted: Mar 30, 2026

Study: Rebuilding LA to Wildfire Safety Standards Could Lower Future Fire Losses

A new analysis from the California Department of Insurance and the National Association of Insurance Commissioners shows that rebuilding the communities destroyed by the January 2025 Palisades and Eaton fires to a standard set by the Insurance Instit...

Posted: Mar 30, 2026

Inszone Acquires Streeter Brothers Insurance in Montana

Inszone Insurance Services acquired Streeter Brothers Insurance in Billings, Montana. Streeter Brothers Insurance will continue operating from its current Billings location, with the existing team remaining in place. Founded in 1922 by Delton and Del...

Posted: Mar 30, 2026

Teens Get Probation for Creating Fake Nudes of Students; Claim Against School Expected

Two teenage boys who used artificial intelligence to create fake nude photos of their classmates at an exclusive private school in Pennsylvania received probation last Wednesday after dozens of victims described the images’ traumatizing effect...

Posted: Mar 30, 2026

Teens Get Probation for Making Fake Nudes of Students; Claim Against School Expected

Two teenage boys who used artificial intelligence to create fake nude photos of their classmates at an exclusive private school in Pennsylvania received probation last Wednesday after dozens of victims described the images’ traumatizing effect...

Posted: Mar 30, 2026

Crypto ‘Insurance’ Might Not Protect Customers From Theft

When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection. Coinbase...

Posted: Mar 30, 2026

Baseball Player Sues His Parents, Alleging They Are Misusing His Money

Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their …

Posted: Mar 30, 2026

Ohio Contractor Sentenced to 17 Years in Prison on Fraud Charges

A pole barn contractor who defrauded consumers of more than $400,000 has been sentenced to at least 17 years in prison after being convicted of 47 felony counts, Ohio Attorney General Dave Yost announced this week.. This month, Marion resident &#8230...

Posted: Mar 27, 2026

Amid Drought, Corpus Christi Seeks Water From Privately Owned Plant

Six months after scrapping their own seawater desalination plant project, Corpus Christi City Council voted Tuesday to consider an agreement with a private company to purchase water from its desalination plant to help stave off an impending water eme...

Posted: Mar 27, 2026

People Moves: Marsh Risk Names Zafiriadis to Lead New Service Delivery Practice

Marsh names Zafiriadis Leader of new Service Delivery Practice, US and Canada, Marsh Risk Marsh, headquartered in New York City, appointed Katrina Zafiriadis as leader of its newly established service delivery practice (SDP), U.S. and Canada, Marsh R...

Posted: Mar 27, 2026

Medical Journal Lancet Retracts 49-Year-Old Baby Powder Paper Over J&J Breach

The Lancet, one of the world’s leading medical journals, retracted a nearly five-decade-old paper extolling the safety of talc, the main ingredient in Johnson & Johnson’s iconic baby powder that fueled tens of thousands of lawsuits ag...

Posted: Mar 27, 2026

Lawsuit Alleges Microbetting Product by DraftKings, FanDuel, NFL Leads to Addiction

Major online betting platforms and the National Football League (NFL) are facing a product liability lawsuit in Pennsylvania alleging that their live in-game microbetting product is an “inherently dangerous product designed to maximize betting...

Posted: Mar 27, 2026

Meta Funds Seven Gas Plants for Biggest Data Center

Meta Platforms Inc. is paying for the construction of seven new natural gas-fired plants to fuel its most power-hungry data center, increasing its reliance on fossil fuels amid a fast-moving artificial intelligence race. The company reached a new agr...

Posted: Mar 27, 2026

Georgia Employers Fined for Repeat Silica Exposure for Workers

The federal Occupational Safety and Health Administration has proposed fines for two Georgia employers for failing to address safety violations that had exposed workers to noise and silica dust, which can cause severe respiratory illness. After a fol...

Posted: Mar 27, 2026

Georgia Tax Bill Would Take Billions in Breaks From Companies

Georgia wants to lower income taxes. Some of the world’s biggest companies are standing in the way. A state Senate bill that would all but exempt many lower- and middle-income earners from state income tax is stalling in the Georgia …

Posted: Mar 27, 2026

The Scope of Damage From Hawaii’s Floods Becomes Clearer

The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, &#82...

Posted: Mar 27, 2026

US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports

The US Senate passed legislation early Friday to fund most of the Department of Homeland Security, forging a path to end a lengthy partial government shutdown that snarled airport security and threatened to ripple through an economy already roiled by...

Posted: Mar 27, 2026

Trump Extends Deadline for Striking Iran’s Energy Plants Into April

U.S. President Donald Trump said he would again extend the deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Tehran had earlier rejected a 15-point U.S. proposal to end the fighting …

Posted: Mar 27, 2026