News Archives - Insurance Journal

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6 05, 2026

Spanberger Weighs Legislation to Allow Class Action Lawsuits in Virginia Courts

By | May 6th, 2026|Uncategorized|Comments Off on Spanberger Weighs Legislation to Allow Class Action Lawsuits in Virginia Courts

Gov. Abigail Spanberger is weighing whether to sign or veto legislation that would, for the first time, allow Virginians to file class action lawsuits in state courts — a shift advocates say would expand access to justice, but one that …

7 05, 2026

ALPS to Acquire Ohio Bar Liability Insurance Company

By | May 7th, 2026|Uncategorized|Comments Off on ALPS to Acquire Ohio Bar Liability Insurance Company

The Ohio State Bar Association (Ohio Bar) and ALPS Insurance (ALPS) today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company (OBLIC), a leading provider of professional liability insurance …

7 05, 2026

Man Sentenced for Commercial Learner’s Permit Cheating Scam Using Bluetooth

By | May 7th, 2026|Uncategorized|Comments Off on Man Sentenced for Commercial Learner’s Permit Cheating Scam Using Bluetooth

A Boston man was sentenced in federal court for surreptitiously providing answers to exam questions for a person seeking a commercial learner’s permit (CLP). In Massachusetts, a permit is required before obtaining a commercial driver’s license. Frank Castro was indicted …

4 05, 2026

Baltic Exchange Denies Mercuria’s Allegations Over Hormuz Freight Losses

By | May 4th, 2026|Uncategorized|Comments Off on Baltic Exchange Denies Mercuria’s Allegations Over Hormuz Freight Losses

The Baltic Exchange, the world’s top provider of benchmark shipping indices, has denied allegations from Mercuria that some of its oil tanker pricing data caused losses at the commodity trader. In a court filing dated April 30, Switzerland-based Mercuria said …

4 05, 2026

China’s Unprecedented Defiance of US Sanctions Triggers Showdown

By | May 4th, 2026|Uncategorized|Comments Off on China’s Unprecedented Defiance of US Sanctions Triggers Showdown

China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies. Beijing has often railed against unilateral sanctions …

4 05, 2026

Hantavirus Outbreak on Cruise Ship Leaves 3 Dead, WHO Says

By | May 4th, 2026|Uncategorized|Comments Off on Hantavirus Outbreak on Cruise Ship Leaves 3 Dead, WHO Says

Three people have died and one is in intensive care in South Africa after a cluster of hantavirus infections linked to a cruise ship in the Atlantic Ocean, the World Health Organization said Sunday. One case has been confirmed by …

4 05, 2026

DEI Programs Are Dwindling But the Trump Administration Isn’t Done

By | May 4th, 2026|Uncategorized|Comments Off on DEI Programs Are Dwindling But the Trump Administration Isn’t Done

After a remarkably successful effort to extinguish diversity, equity and inclusion programs at US employers, federal officials are stepping up their push against corporate America’s remaining DEI initiatives. Last week it was a review of Walt Disney Co. television station …

4 05, 2026

Iran Says it Turns Back US Warship From Hormuz Strait, US Official Denies Missile Strike

By | May 4th, 2026|Uncategorized|Comments Off on Iran Says it Turns Back US Warship From Hormuz Strait, US Official Denies Missile Strike

Iran said it had forced a U.S. warship to turn back from entering the Strait of Hormuz on Monday, but a U.S. official denied a report that it had been struck by Iranian missiles, according to an Axios journalist. Iran’s …

4 05, 2026

FEMA Tells Court It’s Offering Jobs Back to Employees Let Go in January

By | May 4th, 2026|Uncategorized|Comments Off on FEMA Tells Court It’s Offering Jobs Back to Employees Let Go in January

An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision …

4 05, 2026

Hedge Fund Fermat Invests in First-of-a-Kind Catastrophe Bonds

By | May 4th, 2026|Uncategorized|Comments Off on Hedge Fund Fermat Invests in First-of-a-Kind Catastrophe Bonds

Fermat Capital Management has invested in the Asian Development Bank’s first-ever catastrophe bonds, designed to shield Kyrgyzstan and Tajikistan against specific types of natural disasters. The two sovereign bonds — each $80 million in size and with a three-year tenor …