News Archives - Insurance Journal

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10 07, 2025

US Sanctions Target North Korean Fake-Tech-Worker Scheme

By | July 10th, 2025|Uncategorized|Comments Off on US Sanctions Target North Korean Fake-Tech-Worker Scheme

The US slapped sanctions on individuals and companies linked to a scheme that involves recruiting North Koreans to pose as American tech workers and help fund Kim Jong Un’s regime. The Treasury Department’s Office of Foreign Assets Control imposed penalties …

10 07, 2025

What Flood Insurance Does and Does Not Cover

By | July 10th, 2025|Uncategorized|Comments Off on What Flood Insurance Does and Does Not Cover

Though natural disasters cycle across seasons and regions in the U.S., it’s often a shocking discovery for property owners how expansive and expensive flood and water damage can be when a major storm devastates their homes, businesses and communities. That’s …

10 07, 2025

People Moves: McLarens Appoints Miller as Chief Global Strategy Officer

By | July 10th, 2025|Uncategorized|Comments Off on People Moves: McLarens Appoints Miller as Chief Global Strategy Officer

Global claims services provider McLarens has appointed Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). This strategic addition to the leadership team reflects McLarens’ continued growth and commitment to …

10 07, 2025

Michigan Nursing Homes to Pay $4.5M Settlement Over Substandard Care Allegations

By | July 10th, 2025|Uncategorized|Comments Off on Michigan Nursing Homes to Pay $4.5M Settlement Over Substandard Care Allegations

Michigan Attorney General Dana Nessel announced a $4.5 million settlement with six Detroit-area nursing homes and their ownership companies, Villa Financial Services LLC and Villa Olympia Investment LLC, over allegations that they accepted taxpayer funds while providing grossly substandard care …

10 07, 2025

Deadly History of Flooding in ‘Flash Flood Alley’ Along Guadalupe River

By | July 10th, 2025|Uncategorized|Comments Off on Deadly History of Flooding in ‘Flash Flood Alley’ Along Guadalupe River

Cindy Manley was a summer camp counselor in 1987 when a different devastating flood scarred the Texas Hill Country. The Heart O’ the Hills camp is on the Guadalupe River, where a massive search continues for more than 160 people …

9 07, 2025

Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY

By | July 9th, 2025|Uncategorized|Comments Off on Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY

Bridging Finance Inc.’s receiver is suing Ernst & Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to detect fraud and misstatements that contributed to the Toronto private lender’s collapse. In a claim filed with Ontario’s Superior Court …

9 07, 2025

Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

By | July 9th, 2025|Uncategorized|Comments Off on Markets/Coverages: Markel Launches Pre-Loss Services for UK Cyber Clients

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its pre-loss services for UK Cyber360 policyholders. These new offerings include a complimentary one-hour call with an experienced cyber and data risk lawyer from Markel Law to …

9 07, 2025

Online Ticket Seller to Pay $85K for Violating Connecticut’s New Data Privacy Law

By | July 9th, 2025|Uncategorized|Comments Off on Online Ticket Seller to Pay $85K for Violating Connecticut’s New Data Privacy Law

Connecticut Attorney General William Tong announced a settlement with TicketNetwork, Inc. as a result of an investigation into violations of the Connecticut Data Privacy Act. Under the settlement, TicketNetwork has agreed to comply with the requirements of the CTDPA, maintain …

9 07, 2025

Insurtech Inshur Raises $35 Million From Trinity Capital for US Expansion, AI Tech

By | July 9th, 2025|Uncategorized|Comments Off on Insurtech Inshur Raises $35 Million From Trinity Capital for US Expansion, AI Tech

Inshur said it as received a $35 million capital raise from alternative asset manager Trinity Capital to invest in research and development of artificial intelligence technology to support its embedded auto insurance policies within the autonomous vehicle market. The company …

9 07, 2025

Family of Four Killed in North Carolina Plane Crash

By | July 9th, 2025|Uncategorized|Comments Off on Family of Four Killed in North Carolina Plane Crash

A North Carolina family of four, including two school-age children, died when their small plane crashed as they flew back from Florida. A National Transportation Safety Board crash investigator arrived Tuesday at the site of Monday’s crash in a field …