Insurance Journal

Foundational, Leadership-Driven Education High Priority in Insurance

Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among...

Posted: Jun 20, 2025

Insurer Aflac Investigating Possible Data Breach

Aflac on Friday disclosed a cybersecurity incident in which personal information of its customers may have been compromised, making it the latest insurance provider to be targeted. The health and life insurance firm said the attack on its U.S. networ...

Posted: Jun 20, 2025

People Moves: Arizona Department of Insurance Names Ailor Interim Agency Director

Arizona Gov. Katie Hobbs appointed Maria Ailor as the interim agency director of the Arizona Department of Insurance and Financial Institutions. Ailor has 30 years of public service experience as an insurance regulator, serving in various supervisory...

Posted: Jun 20, 2025

Honda Recalls More Than 259,000 Cars in the US Due to Brake Pedal Issue

Honda is recalling more than 259,000 of its cars across the U.S. due to a problem that can cause the brake pedal to shift out of position, potentially interfering with a driver’s ability to stop or slow down. According to …

Posted: Jun 20, 2025

Thriving Southern Cities Face Economic Threat From Funding Cuts

The same economic anchor that propelled North Carolina’s Research Triangle into one of America’s most thriving economies now risks becoming a liability. Major academic institutions in the community have helped lure businesses of all sizes...

Posted: Jun 20, 2025

Runaway Reaction Likely Caused Fatal Explosion at Food Color Plant in Ky., Board Says

Materials used in a food-coloring facility in Louisville led to a runaway chemical reaction last November, which likely caused the explosion that killed two workers and seriously injured three others, the U.S. Chemical Safety and Hazard Investigation...

Posted: Jun 20, 2025

How Will Tesla Remotely Control Robotaxis, And What Are The Limitations?

Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being …

Posted: Jun 20, 2025

California Utilities Expand Power Shutdowns as Winds Rise

California utilities cut power to more than 62,000 customers across the state in an attempt to stop wildfires from starting as dry winds sweep the region. PG&E Corp. cut off power to around 60,000 customers scattered across seven counties and &#8...

Posted: Jun 20, 2025

FTC Fines Payment-Processor Paddle $5 Million for Alleged Support of Schemes

Paddle.com Market, a U.K.-based payment processor, and its subsidiary, Paddle.com, Inc., will pay $5 million and be permanently banned from processing payments for tech-support telemarketers, said the Federal Trade Commission this week. The FTC alleg...

Posted: Jun 20, 2025

Boston Jury Awards $8 Million to Cancer Patient Who Was Lifetime User of J&J Powder

A Boston jury has awarded $8 million to a Massachusetts woman who developed mesothelioma after years of using Johnson & Johnson’s talcum powder products. The jury found the pharmaceutical giant liable for negligence and breach of warranty,...

Posted: Jun 20, 2025

Michigan Battery Manufacturer to Pay $95K Over Disability Discrimination Suit

Navitas Systems, LLC, an Ann Arbor, Michigan battery manufacturer, will pay $95,000 and furnish other relief to resolve a disability discrimination lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal agency announced. According...

Posted: Jun 20, 2025

Business Moves: Howden Acquires Chilean Retail Broker; United Risk Purchases Australian Facultative...

Howden Acquires Chilean Retail Insurance Broker Howden, the London-based insurance intermediary group, announced it has acquired Ureta & Fernandez Corredores de Seguros Limitada (U&F), an independent retail insurance broker headquartered in S...

Posted: Jun 20, 2025

China Warns of More Floods as Extreme Storms Hit World’s No. 2 Economy

Central and southern China were on high alert for more flash floods on Friday as the annual East Asia monsoon gathered pace and extreme rainfall threatened disruption in the world’s second-largest economy. Red alerts, the first for this year, w...

Posted: Jun 20, 2025

Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine

Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A...

Posted: Jun 20, 2025

Iran Hijacking Home Security Cameras to Spy Within Israel

Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem with the devices that has emerged in other global conflicts. Earlier this week, after Iranian ballistic missile...

Posted: Jun 20, 2025

UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs

To the untrained eye, the red shipping container at Felixstowe looked no different to the thousands of others stacked up at Britain’s busiest seaport. Destined for Africa, its contents were listed as “household goods,” but to police...

Posted: Jun 20, 2025

Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment

The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years,...

Posted: Jun 20, 2025

Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report

Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Departme...

Posted: Jun 20, 2025

Toyota’s Japanese Insurer Files $361 Million South Africa Claim

A 6.5 billion rand ($361 million) lawsuit has been lodged in a South African court by a Japanese insurance company for a claim arising from flood damages suffered in 2022 by Toyota Motors Corp.’s plant near Durban. The claim against …

Posted: Jun 20, 2025

Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus

Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …

Posted: Jun 20, 2025

People Moves: Circadian Risk Names Schools CFO

Circadian Risk, headquartered in Ann Arbor, Michigan, named Frank Schools as chief financial officer (CFO). Schools will oversee the company’s financial strategy, planning, risk management and reporting functions. Schools previously worked with...

Posted: Jun 20, 2025

AmRisc Launches Reciprocal Exchange for Commercial E&S Market

AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Ex...

Posted: Jun 20, 2025

Former Connecticut Trooper Accused of Workers’ Compensation Fraud

A former Connecticut state police trooper has been arrested and charged with collecting workers’ compensation benefits totaling $8,341.00 during his employment with the Connecticut Department of Emergency Services and Public Protection (DESPP)....

Posted: Jun 20, 2025

Pano AI in California Raises $44M Series B to Scale Early Detection

San Francisco, California-based Pano AI announced the close of its $44 million Series B funding round. The round, which brings its total amount raised to $89 million, was led by new investor Giant Ventures, with additional new participation from Libe...

Posted: Jun 20, 2025

Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower

Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially opera...

Posted: Jun 20, 2025