Insurance Journal

Clearwater Condo Building Evacuated After Support Beam Splits

Local authorities Tuesday evening ordered the evacuation of a condominium building in Clearwater, Florida, after cracks developed in a concrete support beam in the parking garage. The South Beach III condo building on Sand Key “is currently bei...

Posted: May 07, 2025

NSO Group to Pay Nearly $168M to Meta’s WhatsApp for 2019 Hacking

A federal jury in California has ordered Israeli firm NSO Group to pay more than $167 million in punitive damages to Meta Platforms for installing malware on its WhatsApp messaging app six years ago. Spyware vendor NSO Group must pay …

Posted: May 07, 2025

Court Approves $750 Million Settlement for Survivors of Abuse by NY Gynecologist

Columbia University and New York-Presbyterian hospitals will pay $750 million to patients who sued over being sexually abused by a former gynecologist who was convicted of sex crimes in 2023. The settlement was achieved on behalf of 576 former patien...

Posted: May 07, 2025

Rite Aid Returns to Bankruptcy Protection, Seeks to Sell Most Assets

Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open as it returns to Chapter 11 bankruptcy …

Posted: May 07, 2025

Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting

Several Asian airlines including Taiwan’s China Airlines and Korean Air said on Wednesday they were re-routing or canceling flights to and from Europe, and about a dozen Indian airports were shut after fighting erupted between India and Pakista...

Posted: May 07, 2025

Update: Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting

Airlines including United Airlines and Korean Air re-routed or canceled flights and about a dozen Indian airports were shut on Wednesday after India staged a reprisal attack on Pakistan that raised fears of an escalation. India attacked Pakistani Kas...

Posted: May 07, 2025

Authorities are Cleaning Up an Oil Spill in Southeast Louisiana

Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture&#822...

Posted: May 07, 2025

Authorities Are Cleaning Up an Oil Spill in Southeast Louisiana

Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture&#822...

Posted: May 07, 2025

Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance

Chaucer Group, the specialty re/insurance group, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides specialized insurance and ris...

Posted: May 07, 2025

US Seeks Forced Sale of Google Ad Technology Products

Alphabet Inc.’s Google should be forced to sell off two of its businesses that help websites buy, sell and serve online advertising after a judge found the company illegally monopolized those markets, the Justice Department said. The company sh...

Posted: May 07, 2025

Delta Must Face Passenger Lawsuit Over Massive CrowdStrike Computer Outage

Delta Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or canceling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. U.S. District …

Posted: May 07, 2025

Berkshire Shareholders Reject Diversity, AI Proposals

Berkshire Hathaway shareholders on May 3 rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were...

Posted: May 07, 2025

Business Moves: Gallagher Acquires Turkish Re/Insurance Broker Aspera

Gallagher announced it has acquired Turkey-based Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera). Terms of the transaction were not disclosed. Established in 2022, Aspera is a boutique insurance and reinsurance broker specializing in industrial...

Posted: May 07, 2025

Copper Cable Theft in Spain Delays Thousands of High-Speed Rail Passengers

Thousands of rail passengers in Spain were hit with delays after copper cables used in the signaling system of a high-speed line traveling south from Madrid to Seville were stolen at five locations, authorities said Monday. The theft, which happened...

Posted: May 07, 2025

Florida Condo Bill Gives Owners Some Slack But Brings Big New Insurance Concerns

Florida lawmakers late last week gave final approval to a long-debated condominium bill, one designed to give condo owners a little relief on the high cost of bringing structures up to code. But the final version of the bill seems …

Posted: May 07, 2025

Florida Condo Bill Gives Owners Some Slack But Brings New Insurance Concerns

Florida lawmakers late last week gave final approval to a long-debated condominium bill, one designed to give condo owners a little relief on the high cost of bringing structures up to code. But the final version of the bill seems …

Posted: May 07, 2025

Army Pausing Helicopter Flights Near DC Airport After Close Calls

The Army is pausing helicopter flights near a Washington airport after two commercial planes had to abort landings last week because of an Army Black Hawk helicopter that was flying to the Pentagon. The commander of the 12th Aviation Battalion &#8230...

Posted: May 07, 2025

California Electrical Firm Pays $1.4M for Fair Labor Violations

A San Jose, California-based electrical engineering and construction company paid $1.4 million for violating the Fair Labor Standards Act. The U.S. Department of Labor found Cupertino Electric Inc. failed to pay proper overtime rates, fining and fine...

Posted: May 07, 2025

California Labor Commissioner Cites University And Contractors

The California Labor Commissioner’s Office cited Pepperdine University and four janitorial contractors after an investigation reportedly found violations of state janitorial registration laws. The labor commissioner says Pepperdine University,...

Posted: May 07, 2025

California Labor Commissioner Cites University and Contractors

The California Labor Commissioner’s Office cited Pepperdine University and four janitorial contractors after an investigation reportedly found violations of state janitorial registration laws. The labor commissioner says Pepperdine University,...

Posted: May 07, 2025

World Insurance Acquires Upstate New York Agencies

Insurance broker World Insurance Associates LLC has acquired the business of Christopher Williams Agency and Barrett Millard LLC of Pittsford, New York. The Christopher Williams Agency began in 1961, and it purchased Barrett Millard in 2023. The agen...

Posted: May 06, 2025

New Louisiana Law Mandates Discount Disclosures for Insurance Companies

Louisiana Insurance Commissioner Tim Temple sent out an announcement this week to all property and casualty insurance companies notifying of a statue that requires insurers to disclose all available discounts that could lead to reduced premiums for c...

Posted: May 06, 2025

Benefit Advisors Network Adds Texas’ Carroll Insurance as New Member

Benefit Advisors Network (BAN), an international network of progressive and visionary employee benefit brokers and consulting firms from across the United States and Canada, announced Houston, Texas-based Carroll Insurance has been accepted for membe...

Posted: May 06, 2025

Rivian Deepens Illinois Ties With $120 Million EV Supplier Park

Rivian Automotive Inc. is investing $120 million in a new supplier park in Illinois, another win for Governor JB Pritzker after the company announced a $1.5 billion plan to expand its plant in the state. The 1.2 million-square-foot park in …

Posted: May 06, 2025

People Moves: Encova Insurance Names Lingala EVP and CIO

Encova Insurance, headquartered in Columbus, Ohio, hired Ramu Lingala as the successor to Tony Laska, executive vice president and chief information officer. Laska announced his plans for retirement at the end of 2025 last year. Lingala joined Encova...

Posted: May 06, 2025