News Archives - Insurance Journal

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19 09, 2025

UK Teenager Charged by US for Role in Yearslong Hack Spree

By | September 19th, 2025|Uncategorized|Comments Off on UK Teenager Charged by US for Role in Yearslong Hack Spree

The US Justice Department accused a British teenager on Thursday of engaging in a yearslong spree of cyberattacks that targeted 47 American organizations and netted more than $100 million in ransom payments. Thalha Jubair, 19, from London, participated in a …

19 09, 2025

Washington Excavator Fined $140K for Workplace Safety Violations

By | September 19th, 2025|Uncategorized|Comments Off on Washington Excavator Fined $140K for Workplace Safety Violations

A Clark County, Washington excavating company was fined $140,500 for knowingly putting workers in danger after a Washington Labor & Industries inspector witnessed employees pulling co-workers out of a 12-foot-deep trench where they were installing a new sewer line. According …

19 09, 2025

Court Rejects George Santos Lawsuit Against Jimmy Kimmel

By | September 19th, 2025|Uncategorized|Comments Off on Court Rejects George Santos Lawsuit Against Jimmy Kimmel

A copyright infringement lawsuit former Congressman George Santos filed against talk show host Jimmy Kimmel and ABC was properly dismissed by a lower court judge, an appeals court said Monday. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected …

19 09, 2025

Waymo, Via to Offer Autonomous Public Transit Rides in Arizona

By | September 19th, 2025|Uncategorized|Comments Off on Waymo, Via to Offer Autonomous Public Transit Rides in Arizona

Via Transportation Inc., the public transit software maker that went public last Friday, will partner with Waymo to launch autonomous shared rides in Arizona this fall. The program will start in Chandler, whose existing Flex service lets the public book …

19 09, 2025

Judge: Vermont’s Delaying Public Access to Civil Case Documents Violates 1st Amendment

By | September 19th, 2025|Uncategorized|Comments Off on Judge: Vermont’s Delaying Public Access to Civil Case Documents Violates 1st Amendment

A federal judge has granted an injunction against the Vermont judiciary in a legal action brought by news outlets aimed at curbing delays when seeking newly filed civil lawsuits. The ruling issued this month by Judge Christina Reiss is the …

19 09, 2025

People Moves: Gary Joins XPT Specialty’s Pacific Northwest Team

By | September 19th, 2025|Uncategorized|Comments Off on People Moves: Gary Joins XPT Specialty’s Pacific Northwest Team

XPT Specialty added Rachel Gary to its Pacific Northwest team in its Seattle, Washington office. Gary has more than two decades of insurance industry experience, previously serving a decade-long tenure at Hull & Company, where she progressed from underwriting associate …

19 09, 2025

Department of Energy Launches Effort to Speed Power Grid Projects for AI

By | September 19th, 2025|Uncategorized|Comments Off on Department of Energy Launches Effort to Speed Power Grid Projects for AI

The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to keep operating. The Department of …

19 09, 2025

Viewpoint: Rampant Fraud in Staged Accidents

By | September 19th, 2025|Uncategorized|Comments Off on Viewpoint: Rampant Fraud in Staged Accidents

It should come as no surprise that Hollywood has not made many movies about insurance—arguably among the least glamorous of industries. However, there are three insurance-themed films worth watching. Two from the 1940s film noir era are Double Indemnity and …

19 09, 2025

AI Boom Fuels 11% Rise in Top Japan Insurer’s Project Loans

By | September 19th, 2025|Uncategorized|Comments Off on AI Boom Fuels 11% Rise in Top Japan Insurer’s Project Loans

Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount of such loans provided by …

18 09, 2025

Update: SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits

By | September 18th, 2025|Uncategorized|Comments Off on Update: SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits

The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements through arbitration rather than court litigation, handing a victory to companies and weakening …