News Archives - Insurance Journal

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2 10, 2026

Viewpoint: State Socialism Meets Insurance

By | October 2nd, 2026|Uncategorized|Comments Off on Viewpoint: State Socialism Meets Insurance

A free market with limited government intervention has long been a pillar of Republican economic orthodoxy. Today’s Republican party has deviated from its laissez-faire economic roots. It has instead embarked headlong on populist economic policies. Policy initiatives exemplifying its populist …

2 10, 2026

TSMC Mulls Multibillion-Dollar Texas Site for More AI Chips

By | October 2nd, 2026|Uncategorized|Comments Off on TSMC Mulls Multibillion-Dollar Texas Site for More AI Chips

Taiwan Semiconductor Manufacturing Co. is weighing a new campus in Texas that would add tens of billions of dollars in new investment to the company’s multiyear expansion into chipmaking in the US. The go-to chipmaker for Nvidia Corp. and Apple …

2 10, 2026

No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Job

By | October 2nd, 2026|Uncategorized|Comments Off on No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Job

The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell …

2 10, 2026

California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks

By | October 2nd, 2026|Uncategorized|Comments Off on California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks

California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …

2 10, 2026

AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap News Reports

By | October 2nd, 2026|Uncategorized|Comments Off on AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap News Reports

Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …

2 10, 2026

Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Scheme

By | October 2nd, 2026|Uncategorized|Comments Off on Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Scheme

A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …

2 10, 2026

Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services

By | October 2nd, 2026|Uncategorized|Comments Off on Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services

Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …

2 10, 2026

Houston and Dallas Face Risk of Floods as Storms Sweep Texas

By | October 2nd, 2026|Uncategorized|Comments Off on Houston and Dallas Face Risk of Floods as Storms Sweep Texas

Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …

30 09, 2026

Facing Climate Lawsuits, Big Oil Again Turns to US Supreme Court

By | September 30th, 2026|Uncategorized|Comments Off on Facing Climate Lawsuits, Big Oil Again Turns to US Supreme Court

Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …

30 09, 2026

New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule

By | September 30th, 2026|Uncategorized|Comments Off on New Jersey Employers Should Prepare Now for Oct. 1 Independent Contractor Rule

On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …