Insurance Journal

Long-Serving Delaware Chancery Court Judge to Retire at Year’s End

Delaware’s nationally important Court of Chancery, which has come under criticism from Elon Musk this month, is losing its second-longest-serving judge. Sam Glasscock, who has served on the go-to venue for U.S. corporate disputes since 2011, pl...

Posted: Feb 21, 2024

Biden Seeks to Bolster Port Cybersecurity With Executive Order

President Joe Biden will sign an executive order designed to implement new cybersecurity requirements for the nation’s port owners and operators amid growing concerns that hackers could roil crucial supply chains. The order will give the US Coa...

Posted: Feb 21, 2024

Lockbit Hackers’ Swagger on Display After Police Leak Identities Online

One of the world’s biggest criminal hacking gangs woke up on Tuesday to a startling discovery: Law enforcement, after taking over their main website on Monday, were now threatening to reveal their personal details and data about their cybercrim...

Posted: Feb 21, 2024

What Is Cybercriminal Group Lockbit?

A cybercriminal group named Lockbit, which was broken up by an international law enforcement operation this week, has hacked some of the world’s largest organizations in recent months, stealing and leaking their sensitive data if they didn&#821...

Posted: Feb 21, 2024

Autonomous Truck Market Surging, Study Finds

The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research. Leveraging 2022 data as a baseline, the study projects estimated market data …

Posted: Feb 21, 2024

Study: Autonomous Truck Market Surging

The demand for autonomous trucks is estimated to increase from $3.3 billion in 2023 to reach $6.9 billion by 2028, according to a new study by BCC Research. Leveraging 2022 data as a baseline, the study projects estimated market data …

Posted: Feb 21, 2024

Supreme Court Leaves Elite School’s Diversity Policy Intact

A divided US Supreme Court reinforced school efforts to use their admissions policies to foster socio-economic diversity, turning away an appeal that said a competitive Virginia public high school revised its criteria to change its racial composition...

Posted: Feb 21, 2024

FuboTV Files Antitrust Lawsuit to Block Disney, Fox, Warner Sports Streaming Deal

Sports-focused streaming service FuboTV said on Tuesday it has filed an antitrust lawsuit against Walt Disney, Fox and Warner Bros Discovery over a planned sports streaming platform by the companies. Fubo alleges in a statement that the media compani...

Posted: Feb 21, 2024

Alfa Insurance Did Not Discriminate Against Worker with MS, Appeals Court Finds

Alfa Insurance, one of the largest property/casualty insurers in Alabama, did not discriminate against an employee with multiple sclerosis and did not violate the Americans with Disabilities Act, a federal appeals court affirmed. The 11th U.S. Circui...

Posted: Feb 21, 2024

Supreme Court Leaves Intact Elite School’s Diversity Policy

A divided US Supreme Court refused to question an admissions policy at a competitive Virginia public high school, turning away contentions that the program was designed to reduce the percentage of Asian-American students. The rebuff is a blow to raci...

Posted: Feb 21, 2024

New Jersey School District Settles Sex Abuse Lawsuit Involving Teacher for $6 Million

A southern New Jersey school district will pay $6 million to settle a lawsuit brought by two students who claim they were sexually assaulted for years by a former high school teacher. The male students had filed separate lawsuits weeks …

Posted: Feb 21, 2024

Oil And Gas Producer Paying Millions to New Mexico Over Pollution Concerns

A company has reached a multimillion-dollar settlement with the federal government and the state of New Mexico to address air pollution concerns in the largest oil and gas producing region in the United States. The agreement announced last wek with &...

Posted: Feb 21, 2024

Pharmacy Benefit Managers: What They Are and Why They Matter

This post is part of a series sponsored by AgentSync. Yes, PBM is yet another in a long line of insurance acronyms, but where would we be without them? Using a lot more words to say the same thing, for …

Posted: Feb 21, 2024

California Hillsides Are at Risk of Floods After Days of Downpours

The latest in a series of robust storms is drenching California again with rain and snow, prompting officials to warn residents to stay on high alert for floods as weakened terrain gets further tested. Some hillside communities — including affluent &...

Posted: Feb 20, 2024

Top 5 Insights from INTRConnect 2024

This post is part of a series sponsored by CoreLogic. The property insurance industry’s first event of the year, CoreLogic’s second annual INTRConnect, was held in Austin, Texas, and brought together more than 1,200 passionate professiona...

Posted: Feb 20, 2024

New Concerns About NC State University Building Found to Have PCBs

Concerns and controversy have continued to mount over the presence of toxic chemicals, including cancer-linked polychlorinated biphenyls, or PCBs, found in a building at North Carolina State University. The Raleigh News & Observer, Forbes magazin...

Posted: Feb 20, 2024

Texas Car Dealership Settles Discrimination Lawsuit for $145K

An Amarillo, Texas-based car dealership will pay $145,000 and furnish other relief to settle an age and disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the...

Posted: Feb 20, 2024

Greek Ship Attacked in Red Sea by Houthis Arrives in Port of Aden With Cargo

The Greek-flagged bulker Sea Champion arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red Sea in what appeared to have been a mistaken missile strike by the Houthi militia, sources said. Shipping risks …

Posted: Feb 20, 2024

President Biden Visits East Palestine, Ohio to Assess Cleanup After Train Derailment

EAST PALESTINE, Ohio (AP) — President Joe Biden on Friday surveyed the federal cleanup in East Palestine, Ohio, more than a year after an explosive fire from a derailed train carrying hazardous chemicals, and saw up close the lingering hostility &#82...

Posted: Feb 20, 2024

Insurtech Cake Completes $1.3M in Pre-Seed Funding

Cake, an insurtech based in Indianapolis, has announced the completion of a $1.3 million pre-seed funding round led by venture capital company Markd. Additional sponsors included 2ndF, Iridium Bloom LLC, 101 Weston Labs, IIANC, and other industry-spe...

Posted: Feb 20, 2024

Marsh McLennan Acquires 2 Louisiana Agencies

Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it signed agreements to acquire two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies, doubling the firm’s presence in the state. Ba...

Posted: Feb 20, 2024

Turkey Plans Fine for SSR’s Local Unit Over Mine Spill

Turkey plans to fine a unit of SSR Mining Inc. after a landslide at its Copler gold mine and have the company cover the cost of removing millions of tons of waste, three government officials said. Anagold Madencilik, 80%-owned by …

Posted: Feb 20, 2024

Markets/Coverages: Connecticut Opens Door to Real Estate Insurer Honeycomb

The Connecticut Insurance Department has given Honeycomb Insurance approval to write policies statewide. Honeycomb offers customizable insurance coverage for apartment complexes, condominium associations, and single-family rental dwellings. The insur...

Posted: Feb 20, 2024

Germany to Approve Cannabis Bill This Week in Legalization Drive

German lawmakers will approve delayed legislation decriminalizing personal use of cannabis this week, paving the way for it to take effect on April 1, according to Health Minister Karl Lauterbach. The law, set to pass the lower house of parliament &#...

Posted: Feb 20, 2024

‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive

A move to revamp the state-backed property insurer of last resort into Florida’s main wind carrier, a plan dubbed “Citizens 2.0,” appears to have died in the Legislature this year. But other insurance-related bills are still alive,...

Posted: Feb 20, 2024