News Archives - Insurance Journal

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30 10, 2025

GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant

By | October 30th, 2025|Uncategorized|Comments Off on GM to Cut EV, Battery Production and 1,200 jobs at Michigan Plant

General Motors GM.N said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a …

30 10, 2025

Hacking Firm Boss Pleads Guilty to Stealing, Selling Secrets

By | October 30th, 2025|Uncategorized|Comments Off on Hacking Firm Boss Pleads Guilty to Stealing, Selling Secrets

A former director at a US military contractor that sells computer vulnerabilities pleaded guilty on Wednesday to stealing and reselling $35 million in trade secrets to a Russian cyber-tools broker whose clients include the Russian government. Peter Williams, 39, worked …

29 10, 2025

South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices

By | October 29th, 2025|Uncategorized|Comments Off on South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices

A new class-action lawsuit, if successful, could require the California owner of former military munitions bunkers near Edgemont to pay more than $17 million to people who rent the so-called igloos for use as homes or shelters to protect them …

29 10, 2025

Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s

By | October 29th, 2025|Uncategorized|Comments Off on Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s

Starr, a global investment and insurance organization, announced it has entered a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines data and analytics with underwriting expertise. Financial terms of the transaction were not been …

29 10, 2025

SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims

By | October 29th, 2025|Uncategorized|Comments Off on SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims

Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …

30 10, 2025

Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student

By | October 30th, 2025|Uncategorized|Comments Off on Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student

A former assistant principal at a Virginia elementary school ignored multiple warnings that a 6-year-old student had a gun in the hours before he shot his teacher, an attorney for the teacher said Tuesday as trial opened in the woman’s …

30 10, 2025

People Moves: Aspire Promotes Alam to Chief Financial Officer

By | October 30th, 2025|Uncategorized|Comments Off on People Moves: Aspire Promotes Alam to Chief Financial Officer

Aspire General Insurance Services promoted Bilal Alam to chief financial officer. Alam has been with Aspire since January 2023, joining the firm as chief information officer and most recently serving as chief risk officer, where he oversaw the risk, actuarial, …

30 10, 2025

Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach

By | October 30th, 2025|Uncategorized|Comments Off on Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach

Predictions marketplace Kalshi Inc. sued New York’s gaming commission, saying the state agency is overstepping its authority by attempting to regulate sports-betting operations that fall exclusively under federal jurisdiction. In a lawsuit filed Monday in Manhattan US District Court, Kalshi …

30 10, 2025

EverPeak Launches Workers’ Comp in Arkansas

By | October 30th, 2025|Uncategorized|Comments Off on EverPeak Launches Workers’ Comp in Arkansas

EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said …

30 10, 2025

Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens

By | October 30th, 2025|Uncategorized|Comments Off on Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens

The devastation from Hurricane Melissa came into focus after the record-setting storm moved past Jamaica, Haiti and Cuba with at least 33 deaths and almost $8 billion of damage in its wake. Across the Caribbean, the storm’s powerful winds have …