News Archives - Insurance Journal

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10 07, 2025

Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

By | July 10th, 2025|Uncategorized|Comments Off on Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …

10 07, 2025

Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

By | July 10th, 2025|Uncategorized|Comments Off on Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into this new class of business, Descartes has hired …

10 07, 2025

Workers Reach Safety After Collapse Inside LA Industrial Tunnel

By | July 10th, 2025|Uncategorized|Comments Off on Workers Reach Safety After Collapse Inside LA Industrial Tunnel

All 31 construction workers who were far inside a huge industrial tunnel in Los Angeles made it to safety after a portion of it collapsed Wednesday evening, an outcome officials called a blessing after they initially feared much worse. The …

10 07, 2025

6 Firefighters Injured Battling Fire in 3-Story Building in New Jersey

By | July 10th, 2025|Uncategorized|Comments Off on 6 Firefighters Injured Battling Fire in 3-Story Building in New Jersey

Six firefighters suffered minor injuries in a blaze Thursday that partially collapsed a three-story building in a New Jersey neighborhood, authorities said. The fire in Jersey City, which started at about 1:30 a.m., also spread to nearby buildings, displacing some …

10 07, 2025

US Chamber Report Examines Copyright Value and Piracy Harms

By | July 10th, 2025|Uncategorized|Comments Off on US Chamber Report Examines Copyright Value and Piracy Harms

Copyright protections don’t just help individuals, they hold up a good part of the U.S. economy, according to a report from the U.S. Chamber of Commerce. The U.S. Chamber of Commerce’s 2023 report highlights industries like architecture, software, music, publishing, …

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 …