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Syndicate content News Archives - Insurance Journal
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 4 weeks 4 days ago

Georgia City Warns Against Drinking Tap Water After Atlanta Airport Fuel Spill

Mon, 2026-02-02 08:45
A town south of Atlanta advised its residents on Friday not to drink their tap water after a fuel spill at Atlanta’s airport may have contaminated the Flint River. The city of Griffin, whose water system serves more than 20,000 …

Record-Breaking Cold Hits South, Leaving Snow, Accidents and Crop Damage

Mon, 2026-02-02 08:31
Record-breaking cold gripped the Southeast this weekend, bringing heavy snow to parts of Tennessee and North Carolina, canceling flights across the region and threatening citrus crops in Florida. News outlets reported that at least 44 daily temperature records may be …

AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage

Mon, 2026-02-02 08:19
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit. Late last month the Delaware Supreme Court affirmed a ruling …

Markets/Coverages: Willis Returns to Light and Recreational General Aviation Market

Mon, 2026-02-02 04:42
Willis, a WTW business, has announced its return to the light and recreational general aviation market after a 30-year absence, marking a significant milestone in the company’s ongoing commitment to providing industry-leading insurance solutions. The move has been enabled by …

UN Nuclear Watchdog Discusses Risks to Ukraine’s Nuclear Safety After Russian Strikes

Mon, 2026-02-02 03:32
The U.N. atomic watchdog’s board held a special session Friday to discuss risks to nuclear safety in Ukraine as concerns mount that relentless Russian attacks on its energy infrastructure pose an increasing danger of a nuclear accident. The urgent meeting …

Dutch Regulator to Probe Roblox Over Risks to Minors

Mon, 2026-02-02 02:14
The Netherlands’ consumer protection regulator ACM has launched an investigation into U.S. gaming platform Roblox over potential risks to underage users in the European Union, it said on Friday [Jan. 30]. The regulator said it will assess whether Roblox is …

India’s GIFT City Attracts Lloyd’s and Other Global Reinsurers, Sources Say

Mon, 2026-02-02 01:58
Some of the world’s biggest reinsurers, including Lloyd’s of London, are seeking Indian regulatory approval to operate in a low-tax city set up in the prime minister’s home state to try to rival other international financial hubs, two sources said. …

Trafigura Wins $600 Million Nickel Fraud Lawsuit Against Businessman Gupta

Mon, 2026-02-02 01:15
Trafigura won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes on Friday, with London’s High Court ruling in favor of the commodities trader. Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent “Ponzi scheme” in …

Bitcoin’s Break Below $80,000 Signals New Crisis of Confidence

Sun, 2026-02-01 23:20
Price, relevance, conviction — Bitcoin is bleeding all three. The world’s largest cryptocurrency slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff …

Federal Trade Commission Warns Law Firms About DEI Hiring

Sun, 2026-02-01 23:11
The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in …

Open-Source AI Models Vulnerable to Criminal Misuse, Researchers Warn

Sun, 2026-02-01 23:03
Hackers and other criminals can easily commandeer computers operating open-source large language models outside the guardrails and constraints of the major artificial-intelligence platforms, creating security risks and vulnerabilities, researchers said on Thursday. Hackers could target the computers running the LLMs …

Charges Dropped Against ‘Poster Boy’ Florida Contractor Accused of Insurance Fraud

Sun, 2026-02-01 23:02
Almost three years ago, in May of 2023, a circuit court judge in Lee County, Florida, sharply criticized a restoration contractor, accusing him of concealing the true cost of condominium roof work in an assignment-of-benefits claim with Tower Hill insurance. …

Delaware’s Supreme Court Slashes Legal Fees in Tesla Director Pay Lawsuit

Sun, 2026-02-01 23:00
The Delaware Supreme Court handed Tesla a victory on Friday, slashing by more than $100 million the legal fees owed to shareholder lawyers who successfully sued directors at Elon Musk‘s electric car company for overpaying themselves. The court said Tesla …

Man Charged With Murder in New York City High-Rise Gas Explosion

Sun, 2026-02-01 23:00
A deadly gas explosion in a New York City high-rise last weekend was traced to an intruder who disconnected a stove to steal and sell it, prosecutors said Thursday. The suspect, Samuel Calderon, was being held without bail after his …

Rapaport Reappointed as Virginia Workers’ Compensation Commissioner

Sun, 2026-02-01 23:00
The Virginia Workers’ Compensation Commission reappointed Commissioner Robert A. Rapaport to serve an additional six-year term as a commissioner of the Virginia Workers’ Compensation Commission. Rapaport was originally appointed to the commission in 2017. Before his appointment, Rapaport practiced law …

Two Companies Made Dried Milk Powder Linked to Botulism in Baby Formula

Sun, 2026-02-01 23:00
Two companies processed and supplied dried milk powder that could be a culprit in the outbreak of botulism tied to ByHeart infant formula that has sickened dozens of babies, The Associated Press has learned. Organic whole milk powder that tested …

Meta Faces New Mexico Trial Over Child-Exploitation Claims

Sun, 2026-02-01 23:00
Meta Platforms is set to face trial this week in a lawsuit brought by the state of New Mexico accusing it of exposing children and teens to sexual exploitation on its platforms and profiting from it, the first case of …

Search Suspended for 7 People on Fishing Vessel That Sank Off Massachusetts

Sun, 2026-02-01 16:37
The U.S. Coast Guard on Saturday suspended the search for seven people who were aboard a commercial fishing vessel that sank off the coast of Massachusetts in rough, frigid waters. The Coast Guard launched a search and rescue mission early …

California Accelerates Work on EV Rules, Tax Credits That Trump Opposes

Fri, 2026-01-30 12:41
California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state’s top air regulator said. California is fighting in the courts and in the U.S. Congress against President …

TDI Investigations Result in $50M for Fraud Victims

Fri, 2026-01-30 10:35
The Texas Department of Insurance (TDI) Fraud Unit this week announced that it contributed to insurance fraud investigations landing $50.9 million in court-ordered restitution in fiscal year 2025. More than 20 TDI investigators working across the state looked into 314 …