News Archives - Insurance Journal

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31 03, 2026

US Appeals Court Upholds Decision to Dismiss Boeing Criminal Case

By | March 31st, 2026|Uncategorized|Comments Off on US Appeals Court Upholds Decision to Dismiss Boeing Criminal Case

A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against Boeing, which allowed the planemaker to avoid prosecution on a charge stemming from two fatal …

31 03, 2026

Farmers Insurance Plans Historic, Rapid Expansion of Agency Force

By | March 31st, 2026|Uncategorized|Comments Off on Farmers Insurance Plans Historic, Rapid Expansion of Agency Force

Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers’ history. The recruitment drive is aimed at fueling organic …

31 03, 2026

Moynihan Named CEO of Marsh Management Consulting and Oliver Wyman

By | March 31st, 2026|Uncategorized|Comments Off on Moynihan Named CEO of Marsh Management Consulting and Oliver Wyman

Marsh announced Ted Moynihan will become president and CEO of Marsh Management Consulting and Oliver Wyman, effective April 1. He will succeed Nick Studer, who earlier this month was appointed president and CEO of Marsh Risk. Moynihan will serve on …

31 03, 2026

Chicago Area Grapples With Property-Tax Growth Double Inflation

By | March 31st, 2026|Uncategorized|Comments Off on Chicago Area Grapples With Property-Tax Growth Double Inflation

Chicago-area residents are facing some of the country’s highest property taxes, with bills surging at double the inflation rate over the past 30 years, according to a study released Monday. Property owners paid $19.2 billion in taxes in 2024, a …

31 03, 2026

Illinois Cannabis Company Sued for Sexual Harassment

By | March 31st, 2026|Uncategorized|Comments Off on Illinois Cannabis Company Sued for Sexual Harassment

Cannabis company Ascend Wellness Holdings, Inc. violated federal law when it subjected female employees at the company’s Collinsville, Illinois facility to unlawful sexual harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the EEOC’s lawsuit, …

31 03, 2026

Axios Software Tool Used by Millions Compromised in Hack

By | March 31st, 2026|Uncategorized|Comments Off on Axios Software Tool Used by Millions Compromised in Hack

Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. An unknown hacker was able to breach one of the few accounts that can release new versions …

31 03, 2026

Shippers Fear Death More Than Costs as US Aims to Open Hormuz

By | March 31st, 2026|Uncategorized|Comments Off on Shippers Fear Death More Than Costs as US Aims to Open Hormuz

Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict, throwing cold wateron a Trump administration plan for US-backed insurance and naval escorts to clear passage through the vital waterway. “This is …

31 03, 2026

European Aviation Body Eyes Safety Risks as Conflict Squeezes Flight Corridors

By | March 31st, 2026|Uncategorized|Comments Off on European Aviation Body Eyes Safety Risks as Conflict Squeezes Flight Corridors

Wars, including a widening conflict in the Middle East, are heightening risks for aviation as flight corridors are squeezed and drones become more widespread, Europe’s top aviation safety regulator told Reuters. The month-old Iran war is reshaping airspace across the …

30 03, 2026

Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk

By | March 30th, 2026|Uncategorized|Comments Off on Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk

Toyota Motor Corp.’s Chinese joint ventures are recalling more than 560,000 sport utility vehicles to fix a defect in the second-row seats that could jeopardize passenger safety during a collision. From April 1, the Japanese carmaker and its local partner …

30 03, 2026

Hawaii to Take Over Aging Dam After Failure Scare During Floods

By | March 30th, 2026|Uncategorized|Comments Off on Hawaii to Take Over Aging Dam After Failure Scare During Floods

A 120-year-old Hawaii dam that reached worrisome levels during heavy rains and devastating flooding, prompting thousands of residents to evacuate for fear of life-threatening failure last week, will soon be taken over by the state. The state’s land board on …