Insurance Journal
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, …
Posted: Apr 13, 2026
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand...
Posted: Apr 13, 2026
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between i...
Posted: Apr 13, 2026
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrim...
Posted: Apr 13, 2026
DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion. Backed by a number of ...
Posted: Apr 13, 2026
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload...
Posted: Apr 13, 2026
Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative...
Posted: Apr 13, 2026
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some …
Posted: Apr 13, 2026
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some …
Posted: Apr 13, 2026
Oklahoma State’s softball team took some time to process a fatal crash involving its team bus earlier this week and will be back on the field Friday. The team had been traveling to Wichita, Kansas, on Wednesday afternoon when its …
Posted: Apr 13, 2026
Old Republic International Corporation announced the launch of Lodestar Claims & Risk Services, Inc. as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization&...
Posted: Apr 13, 2026
A shooting at a Chick-Fil-A restaurant in Union Township, New Jersey last evening took one life and injured six others. According to the Union County Prosecutor’s Office (UCPO), the shooting happened at approximately 9 pm on the Chick-Fil-A on...
Posted: Apr 13, 2026
In a young city like Miami, a quarter century can seem like a long time. For the Mandarin Oriental hotel, it was long enough to generate nostalgic laments and a farewell bash. The waterfront hotel, which opened in 2000, was …
Posted: Apr 13, 2026
The U.S. military said it will begin a blockade of ships leaving Iran’s ports on Monday, and Tehran threatened to retaliate against ports of its Gulf neighbors, after weekend talks failed to reach a deal to end the war, leaving …
Posted: Apr 13, 2026
The Bank of England plans to discuss the impact of Anthropic PBC’s new AI model with financial institutions, as UK regulators join their peers in the US and elsewhere in raising alarms over the risks posed by the tool. Anthropic’s …
Posted: Apr 13, 2026
Oil tankers are steering clear of the Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks between the U.S. and Iran over the weekend, shipping data showed. President Donald Trump said on Sunday the …
Posted: Apr 13, 2026
Two Iranian-linked tankers exited the Gulf on Monday as other vessels began avoiding the Strait of Hormuz after the U.S. said it would start blockading Iranian ports later in the day, unsettling shipping markets at a vital energy chokepoint, shipping...
Posted: Apr 13, 2026
In Property & Casualty (P&C) insurance, the submission-to-quote cycle is where business is won, or lost. Yet for many carriers, MGAs, and wholesalers, this process is slowed down by inbox clutter and manual re-entry of data. Every submission...
Posted: Apr 13, 2026
US President Donald Trump’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risks widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around...
Posted: Apr 13, 2026
The Trump administration approved major disaster declaration requests for at least seven states this week, according to information released Saturday by the Federal Emergency Management Agency, allowing affected communities to access federal support....
Posted: Apr 13, 2026
OpenAI said on April 10 it had identified a security issue involving a third-party developer tool called Axios and is taking steps to protect the process that certifies its macOS applications are legitimate OpenAI apps. The ChatGPT maker said it R...
Posted: Apr 13, 2026
Marine heat waves are supercharging damage caused by hurricanes and tropical cyclones across the globe, a new study found. Researchers looked at 1,600 tropical cyclones — the broader category of storms that includes hurricanes — that made landfall si...
Posted: Apr 13, 2026
The more than $1 billion that a special master has recommended that imprisoned insurance mogul Greg Lindberg pay in restitution may seem like a huge amount of money. But it falls well short of covering the wreckage left behind by …
Posted: Apr 13, 2026
RAINELLE, W.Va. (AP) — Every month, Rebecca Michalski takes a deep breath before opening her electric bill. She lives on a fixed income, and heating her small house this winter has been staggering: Her February charge was $940.08 — more …
Posted: Apr 13, 2026
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe bonds and other insurance-linked securities popular...
Posted: Apr 13, 2026