Insurance Journal

The Rise of Deepfake Cyberbullying Poses a Growing Problem for Schools

Schools are facing a growing problem of students using artificial intelligence to transform innocent images of classmates into sexually explicit deepfakes. The fallout from the spread of the manipulated photos and videos can create a nightmare for th...

Posted: Dec 24, 2025

Head of EEOC Urges White Men to Report Discrimination

The head of the U.S. agency for enforcing workplace civil rights posted a social media call-out urging white men to come forward if they have experienced race or sex discrimination at work. “Are you a white male who has experienced …

Posted: Dec 24, 2025

New York Times Reporter Sues Google, xAI, OpenAI Over Chatbot Training

An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk’s xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to...

Posted: Dec 24, 2025

Trump Bid to Defund CFPB Is Crippling the Agency, States Say

The Trump administration is illegally trying to cripple the Consumer Financial Protection Bureau by refusing to ask the Federal Reserve for funds needed to run the independent regulator, a group of mostly Democratic-led states said in a federal lawsu...

Posted: Dec 24, 2025

Florida’s City National Bank Partnering With NSI to Offer Insurance Products

Miami-based City National Bank of Florida, known as Florida’s second-largest bank, has stepped into the property insurance market, offering coverage options at loan closings through a partnership with NSI Insurance Group. “Insurance is a...

Posted: Dec 24, 2025

McGowan Acquires Westcap Insurance Services

The McGowan Companies, one of the nation’s largest insurance conglomerates, has announced the acquisition of Westcap Insurance Services through an asset purchase agreement. According to a press release, the transaction became effective Nov. 1....

Posted: Dec 24, 2025

People Moves: Tokarsky Joins Alliant Insurance Services as VP, Employee Benefits Group

Alliant Insurance Services named Dennis Tokarsky vice president within its employee benefits group. He is based in Southern California. Tokarsky has more than 20 years of experience working with employers across North America, Europe, the Middle East...

Posted: Dec 24, 2025

Markets/Coverages: Mosaic Raises Cyber Capacity to US$25M in Canadian Market

Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories. The increase more than doub...

Posted: Dec 23, 2025

Hawaii Building Fires Are on the Rise and Safety Inspections Aren’t Keeping Up

Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires in Hilo on Hawaii island in October and November in...

Posted: Dec 23, 2025

Breaking: Senators Launch Probe Into Demotech’s Ratings in Florida

Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent &#...

Posted: Dec 23, 2025

Senators Launch Probe Into Demotech’s Ratings in Florida

Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent &#...

Posted: Dec 23, 2025

AM Best Places Jet Insurance Ratings Under Review Following Acquisition

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Je...

Posted: Dec 23, 2025

50% Rule: TN Supreme Court Finds Driver Due Knee Replacement Despite Arthritis

It’s an age-old question that continues to come up for workers’ compensation insurers around the country: When is an injury an aggravation of an existing condition, and when is it compensable, perhaps requiring expensive surgery and more?...

Posted: Dec 23, 2025

Alabama, NC Set Hearings on Proposed Capital Requirements, Dwelling Rate Increase

Regulators in two Southeastern states will hold hearings early next year, one on a proposed steep dwelling insurance rate increase in North Carolina, and another on new capital requirements for insurers in Alabama. The Alabama Department of Insurance...

Posted: Dec 23, 2025

People Moves: CRC Adds Duff, Gallien, Jr. to Specialty Team

CRC Group, an independent wholesale specialty insurance distributor, announced additions to its expanding CRC Specialty division. Matthew Duff has joined in Little Rock as an underwriting team leader, bringing over a decade of experience in homeowner...

Posted: Dec 23, 2025

Michigan Regulators Approve State’s First Hyperscale Data Center

Despite criticism that they were acting too fast, state utility regulators last week approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ra...

Posted: Dec 23, 2025

China’s Kuaishou Shares Fall to Near Five-Week Low After Livestreaming Cyberattack

Shares of Kuaishou dropped by as much as 6% on Tuesday to HK$62.70 ($8.06), their lowest since November 21, after the Chinese short video platform was hit by a cyberattack on Monday night. The stock is set for its biggest …

Posted: Dec 23, 2025

J&J Vows Appeal After Jury Hits it With $1.5B Talc Cancer Award

A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Juror...

Posted: Dec 23, 2025

South Korea Online Retailer Coupang Faces US Securities Class Action Over Data Breach

South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers. The lawsuit, filed l...

Posted: Dec 23, 2025

Britain’s Top CEOs Predict the Biggest Challenges of 2026

The bosses of some of Britain’s biggest companies predict a fresh wave of challenges next year, as they absorb the impact Chancellor of the Exchequer Rachel Reeves’ tax-raising budget in November. Chief executive officers in sectors inclu...

Posted: Dec 23, 2025

Cyberattack Hits French Postal Service, Delaying Mail Deliveries

A suspected cyberattack disrupted services provided by French postal service La Poste on Monday, delaying package deliveries and online payment systems during the holiday season. The company said in a statement that a “major network incident&#8...

Posted: Dec 23, 2025

Instacart to Pay $60 Million in FTC Consumer Protection Case

Grocery delivery firm Instacart will pay $60 million to refund consumers who were deceived into enrolling in the company’s subscription service, Instacart+, the US Federal Trade Commission said. The consumer protection agency said the company t...

Posted: Dec 23, 2025

Check it Twice: Holiday Cargo Theft Events Up 82% Since 2020

Keep an eye on that sleigh, Santa—holiday cargo theft events increased 82% between 2020 and 2024. “The holiday period creates conditions criminals exploit—reduced oversight, facility closures, and high-value freight moving on compressed schedul...

Posted: Dec 23, 2025

Markets/Coverages: Risksmith Launches New DIC Earthquake Program

Specialty managing general underwriter Risksmith Insurance Services announced the launch of its new difference in conditions (DIC) earthquake insurance program. Built for large, complex and true excess & surplus property exposures, the program of...

Posted: Dec 23, 2025

Former CEO of Nonprofit P/C Statistical Agent Sentenced for Stealing Millions

A former chief executive officer of a statistical agent that compiles data from insurance companies for state insurance departments has been sentenced on charges related to her theft of millions of dollars from the organization. According to court re...

Posted: Dec 23, 2025