News Archives - Insurance Journal

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1 12, 2025

Third Russia-Linked Oil Tanker Suffers Explosions at Sea

By | December 1st, 2025|Uncategorized|Comments Off on Third Russia-Linked Oil Tanker Suffers Explosions at Sea

An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days. Seawater entered the engine room of the Mersin, Besiktas …

1 12, 2025

Missouri AG Secures $60K Restitution Judgment in Roofing Fraud Case

By | December 1st, 2025|Uncategorized|Comments Off on Missouri AG Secures $60K Restitution Judgment in Roofing Fraud Case

Missouri Attorney General Catherine Hanaway announced last month that her office obtained a final consent judgment and permanent injunction against Xcel Roofing of Kansas City, LLC, and its owner, James Patrick Harding, for defrauding Greene County consumers out of thousands …

1 12, 2025

South Korean Police Probe Massive Data Leak at E-Commerce Giant Coupang

By | December 1st, 2025|Uncategorized|Comments Off on South Korean Police Probe Massive Data Leak at E-Commerce Giant Coupang

South Korean police said on Monday they were tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country’s worst data breach in over a decade. Shares of the company fell 6.5% in …

28 11, 2025

Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

By | November 28th, 2025|Uncategorized|Comments Off on Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire

Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 …

1 12, 2025

Texas Adds ID Restrictions on Vehicle Registrations, Renewals

By | December 1st, 2025|Uncategorized|Comments Off on Texas Adds ID Restrictions on Vehicle Registrations, Renewals

The Texas Department of Motor Vehicles is implementing more stringent photo identification requirements for all vehicle registrations and renewals in an abrupt shift that could shut out undocumented residents from legally owning vehicles. Current photo identification, such as a state …

1 12, 2025

CME Data Center Bolsters Backup Cooling After 10-Hour Outage

By | December 1st, 2025|Uncategorized|Comments Off on CME Data Center Bolsters Backup Cooling After 10-Hour Outage

The data center that supports CME Group Inc., one of the world’s largest derivatives exchanges, said it has bolstered its backup cooling capacity after overheating sparked a catastrophic 10-hour outage that roiled world markets on Friday. CyrusOne — which owns …

1 12, 2025

People Moves: Vermont Captive Insurance Commissioner Bigglestone to Retire

By | December 1st, 2025|Uncategorized|Comments Off on People Moves: Vermont Captive Insurance Commissioner Bigglestone to Retire

Sandy Bigglestone, deputy commissioner of the captive insurance division the Vermont Department of Financial Regulation (DFR), is retiring from her position as of Jan. 1, 2026. Bigglestone’s career in state government began in 1997. As deputy commissioner, she led the …

1 12, 2025

State Audit Finds Delays and Gaps in Vermont’s Food and Lodging Inspections

By | December 1st, 2025|Uncategorized|Comments Off on State Audit Finds Delays and Gaps in Vermont’s Food and Lodging Inspections

The Office of the State Auditor found significant shortcomings with how the Vermont Department of Health reviews complaints related to food and lodging establishments, according to a recent report. The report is the first audit of four planned for the …

1 12, 2025

Litigation Finance Hits a Wall After Bets on Huge Gains Falter

By | December 1st, 2025|Uncategorized|Comments Off on Litigation Finance Hits a Wall After Bets on Huge Gains Falter

Litigation finance is having a bad year. After predicting huge growth as recently as January 2024, the industry is now finding that hedge funds and other sources of capital are pulling back. The situation has led some litigation finance firms …

1 12, 2025

California Labor Commissioner Cites Janitorial Companies, OptumCare $468K

By | December 1st, 2025|Uncategorized|Comments Off on California Labor Commissioner Cites Janitorial Companies, OptumCare $468K

The California Labor Commissioner’s Office has cited several janitorial companies, their owners, and OptumCare Management LLC $468,204 for wage theft violations that reportedly impacted more than 90 janitors who cleaned manufacturing, laboratory, and healthcare facilities across Los Angeles and Orange …