News Archives - Insurance Journal

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18 03, 2026

Germany Seeks Doubling of AI Data Centers by 2030

By | March 18th, 2026|Uncategorized|Comments Off on Germany Seeks Doubling of AI Data Centers by 2030

Germany plans to encourage investments in data centers to at least double domestic capacity and to boost artificial intelligence data processing at least fourfold by 2030, the government said on Tuesday. In a bid to catch up with the dominant …

19 03, 2026

Tesla Is Sued by Survivor of Deadly Cybertruck Crash

By | March 19th, 2026|Uncategorized|Comments Off on Tesla Is Sued by Survivor of Deadly Cybertruck Crash

Tesla Inc. was sued by the sole survivor of a 2024 Cybertruck crash in California that killed three college students who were unable to escape the burning vehicle, the latest in a growing body of litigation faulting the automaker’s electrically …

19 03, 2026

Countries Propose Safe Corridor to Free 20,000 Seafarers Stranded in Gulf

By | March 19th, 2026|Uncategorized|Comments Off on Countries Propose Safe Corridor to Free 20,000 Seafarers Stranded in Gulf

A proposal from the UN’s shipping agency on Wednesday calls for a safe maritime corridor to free some 20,000 seafarers stranded in the Gulf by war in Iran. Hundreds of vessels have dropped anchor since Tehran threatened to attack ships …

18 03, 2026

AM Best Withdraws Credit Ratings of Texas’ Cadence Indemnity

By | March 18th, 2026|Uncategorized|Comments Off on AM Best Withdraws Credit Ratings of Texas’ Cadence Indemnity

AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb+” (Good) of Texas-domiciled Cadence Indemnity Inc, a single parent captive of The Sullivan Brothers Family …

19 03, 2026

EU Moves to Ban AI That Creates Nonconsensual Sexual Images

By | March 19th, 2026|Uncategorized|Comments Off on EU Moves to Ban AI That Creates Nonconsensual Sexual Images

Artificial intelligence tools that can be used to create nonconsensual sexual images may be banned in the European Union, following outcry after users used Elon Musk’s Grok service to generate thousands of undressed pictures of women and children. The European …

18 03, 2026

No Sprinklers in TN Explosives Plant Building Where Blast Killed 16, Investigators Say

By | March 18th, 2026|Uncategorized|Comments Off on No Sprinklers in TN Explosives Plant Building Where Blast Killed 16, Investigators Say

A building where explosives were manufactured in Tennessee was not outfitted with a sprinkler system or fire protection system before a massive explosion killed 16 workers in October, the U.S. Chemical Safety Board said this week. It’s not clear if …

19 03, 2026

US Vehicle Thefts Declined Nearly 25% Last Year: NICB

By | March 19th, 2026|Uncategorized|Comments Off on US Vehicle Thefts Declined Nearly 25% Last Year: NICB

Prevention efforts are making a substantial dent in vehicle thefts across the nation, according to newly released data by the National Insurance Crime Bureau (NICB). The non-profit organization dedicated to preventing and combating insurance crime found that vehicle thefts declined …

18 03, 2026

Patriot Growth Adds Morse Agency in Massachusetts

By | March 18th, 2026|Uncategorized|Comments Off on Patriot Growth Adds Morse Agency in Massachusetts

Patriot Growth Insurance Services announced it has acquired a new strategic partner, Morse Insurance Agency, a property/casualty insurance agency based in North Easton, Mass. Morse Insurance Agency operates multiple locations across the state, including offices in North Easton, Norton, Bridgewater, …

19 03, 2026

Jewelers Mutual Launches Digital Jewelry Insurance Program Powered by Sure

By | March 19th, 2026|Uncategorized|Comments Off on Jewelers Mutual Launches Digital Jewelry Insurance Program Powered by Sure

Sure, an insurance technology platform, announced the launch of a new digital jewelry insurance program underwritten by JM Specialty Insurance Company, a member insurer of the Jewelers Mutual Group. Developed in collaboration with Jewelers Mutual and built to meet its …

18 03, 2026

Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance

By | March 18th, 2026|Uncategorized|Comments Off on Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance

Onex Corp. made a big bet on an insurance startup, and it didn’t take long for the losses to mount. First there was the pandemic, then a deep freeze in Texas. In 2022, Hurricane Ian ripped across the Caribbean and …