Insurance Journal

Iran-Israel Conflict Spreads to Hacks on Banks, Crypto

The conflict between Israel and Iran is spilling over into the digital world, inflaming a decades-long campaign of hacks and espionage between two nations renowned for their cyber prowess. On Tuesday, a pro-Israel hacking group claimed responsibility...

Posted: Jun 19, 2025

New Jersey High Court Allows Clergy Sex Abuse Grand Jury Opposed by Diocese

New Jersey can have a grand jury examine allegations of clergy sexually abusing children, the state’s Supreme Court ruled Monday, after a Catholic diocese that had tried for years to block such proceedings recently reversed course. The Diocese...

Posted: Jun 19, 2025

Waymo Expands Robotaxi Services Into More Parts of San Francisco Bay Area

Waymo will expand into more areas of the San Francisco peninsula and parts of Silicon Valley, as the sole commercial robotaxi operator in the U.S. seeks to scale up operations, the Alphabet unit said on Tuesday. The self-driving technology firm &#823...

Posted: Jun 19, 2025

Alex Jones Accused of Hiding Assets as Sandy Hook Families Seek Payment

The trustee overseeing Infowars host Alex Jones’ personal bankruptcy case is accusing the far-right conspiracy theorist of trying to shield more than $5 million from creditors, including relatives of victims of the 2012 Sandy Hook Elementary Sc...

Posted: Jun 19, 2025

$20 Million Travelers Golf Championship Tees Off Today in Connecticut

The 2025 Travelers Championship gets underway Thursday, June 19 at TPC River Highlands in Cromwell, Connecticut. All 72 players in this year’s tournament will compete for four rounds. The Travelers Championship offers a $20 million purse, with...

Posted: Jun 19, 2025

UBS Confirms Data Stolen After Hack at External Supplier

UBS Group AG said that information about the company had been stolen in a cyber attack on one of its suppliers, following a report a Swiss newspaper that data on more than 130,000 employees had been subject to a hack. …

Posted: Jun 19, 2025

Inszone Insurance Services Acquires Evers Insurance LLC

Inszone Insurance Services acquired Evers Insurance LLC in Cave Creek, Arizona. Evers Insurance specializes in commercial insurance, particularly in the garage and auto dealer industries. It was founded in 2011 by Britt Evers. Jake Evers also contrib...

Posted: Jun 19, 2025

Viasat Identified as Victim in Sweeping Phone Hack Tied to China

Viasat Inc. is the latest US communications company identified as a victim of the sweeping surveillance hack blamed on the Chinese government that emerged during last year’s presidential campaign, according to people familiar with the matter. T...

Posted: Jun 18, 2025

LA Mayor Lifts Downtown Curfew She Imposed During Protests

Downtown Los Angeles businesses hoped customers would return quickly after Mayor Karen Bass lifted a curfew she had imposed last week to prevent vandalism and break-ins during nighttime protests against President Donald Trump’s immigration crac...

Posted: Jun 18, 2025

Justices Back Temporary Texas Nuclear Waste Storage Site

The US Supreme Court left intact a federal plan to store as much as 40,000 tons of highly radioactive waste at a temporary site in west Texas over the objections of local landowners and oil and gas operators. Voting 6-3, …

Posted: Jun 18, 2025

Carnival Cruise Lines Not Liable for Teen’s Sexual Assault on Ship, Appeals Court Finds

Carnival Cruise Lines could not have foreseen a sexual assault on a teenager, despite a lack of security presence at the time, the sneaking of booze on to the ship by an alleged assailant, and reports of more than 100 …

Posted: Jun 18, 2025

Parametric Insurer Descartes Receives Investment From Battery Ventures

Descartes Underwriting, the Paris-based parametric insurer for climate and emerging risks, announced a strategic investment by Battery Ventures, a technology-focused investment firm. Financial details of the investment were not disclosed. The transac...

Posted: Jun 18, 2025

People Moves: Liberty Mutual Names Bhatnagar President, GRS Major Accounts; Geary Hired as TMHCC CEO...

Liberty Mutual Insurance Appoints Bhatnagar President, Major Accounts, GRS North America; Fallon Announces Retirement Liberty Mutual Insurance, headquartered in Boston, named Neal Bhatnagar president, major accounts, of Global Risk Solutions (GRS) No...

Posted: Jun 18, 2025

King Risk Acquires Nobles Agency in North Carolina

King Risk Partners, one of the largest insurance brokerages in the U.S., has acquired Nobles Insurance Agency in North Carolina, King Risk announced this week. Nobles, with offices in Raleigh, Clayton and other cities, has been in business for almost...

Posted: Jun 18, 2025

Groups Notify Musk’s AI Company of Intent to Sue Over Facility Pollution in Memphis

The NAACP and an environmental group said Tuesday that they intend to sue Elon Musk’s artificial intelligence company xAI over concerns about air pollution generated by a supercomputer facility located near predominantly Black communities in Me...

Posted: Jun 18, 2025

Perelman at $410 Million Art Trial Says Fire Faded His Works

Ron Perelman told a judge that five of his paintings totaling over $400 million in value lost their luster from a fire in his Hamptons home, at the trial of his lawsuit seeking to force his insurers to cover the …

Posted: Jun 18, 2025

Finnish Insurer Sampo Picks Thorsrud as CEO to Succeed Magnusson

Finland’s Sampo Oyj appointed Morten Thorsrud to succeed retiring Torbjorn Magnusson as chief executive officer, in a sign of continuity at the helm of the property and casualty insurer. Thorsrud, who currently runs the If P&C unit within t...

Posted: Jun 18, 2025

Asset Owners With $9.5 Trillion Call for Stopping Deforestation

A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren’t supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories...

Posted: Jun 18, 2025

Trucordia Closes Carlyle Investment, Refinances Debt

Trucordia announced that it has completed a comprehensive debt refinancing that it says significantly enhances the company’s capital structure and positions it for continued growth. The transaction closes concurrently with the $1.3 billion stra...

Posted: Jun 18, 2025

Insurance Industry Rejects Proposed Moratorium on State AI Regulation

A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, &#82...

Posted: Jun 18, 2025

Religious Organizations Get New Chance for Exemption From New York Abortion Rule

The Supreme Court on Monday ordered a New York court to take a new look at whether some religious organizations should be excluded from a state regulation requiring health insurance plans to cover abortions. The justices acted after the court …

Posted: Jun 18, 2025

People Moves: Hamilton Re and Hamilton Global Specialty Announce CEO Appointments, as Graves Retires...

This edition of International People Moves details appointments at Hamilton Re and Hamilton Global Specialty as well as Aon. A summary of these new hires follows here. Hamilton Re, Hamilton Global Specialty Name New CEOs, as Graves Retires Hamilton I...

Posted: Jun 18, 2025

Oklahoma Man Arrested for Illegal Marijuana Grow Operations

An Oklahoma man faces felony charges for illegally growing marijuana, Attorney General Genter Drummond’s office announced. Hui Tang, 51, of Kingfisher, was arrested in the wake of a May 29 raid by The Attorney General Office’s Organized C...

Posted: Jun 18, 2025

Translating the real meaning of risk in Cotality’s 2025 Hurricane Risk Report

Hurricane risk isn’t exclusive to Florida — or to coastal areas at all, for that matter. Many people, including insurance professionals, do not realize how far hurricane risk can spread. Migration patterns within Florida show that people are aw...

Posted: Jun 18, 2025

Storm System Brings Severe Weather and Tornadoes to Central Plains and Midwest

A powerful storm system brought severe weather across parts of the Central Plains and Midwest early this week, with more storms forecast for Wednesday. A moist and unstable atmosphere led to significant rainfall, hail and tornadoes in Minnesota on Mo...

Posted: Jun 18, 2025