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News Archives - Insurance Journal
Greenpeace Faces $345M Judgment in North Dakota Court
Greenpeace is fighting for its life in North Dakota’s court system, where a judge has decided to order the environmental group to pay an expected $345 million to an energy company whose Dakota Access oil pipeline construction drew protests nearly …
POSTED MARCH 02, 2026 3:24 PM |
Anthropic’s Claude Chatbot Goes Down for Thousands of Users
Anthropic PBC’s artificial intelligence chatbot Claude and related consumer-facing applications went down on Monday, with the startup saying it has been grappling with “unprecedented demand” for its services over the past week. Nearly 2,000 users had reported Claude AI service …
POSTED MARCH 02, 2026 3:20 PM |
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent
NASCAR racing star Kyle Busch and his wife have settled an $8.5 million lawsuit they brought against Pacific Life Insurance and an insurance agent that alleged the insurer and agent misled the couple and caused them to lose millions of …
POSTED MARCH 02, 2026 2:46 PM |
Novartis Settles Lawsuit by Lacks’ Estate Over ‘Stolen’ Cells
Novartis has settled a lawsuit by the estate of Henrietta Lacks that alleged the pharmaceutical giant unjustly profited off her cells, which were taken from her tumor without her knowledge in 1951 and reproduced in labs to enable major medical …
POSTED MARCH 02, 2026 2:43 PM |
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
POSTED MARCH 02, 2026 2:31 PM |
Deep Freeze and Drought Fueled a Massive Florida Wildfire
Firefighters in southwest Florida on Friday continued battling an expansive blaze on a federal nature preserve as an unusually intense winter drought grips the state. The National Fire has burned more than 25,700 acres — an area larger than Manhattan …
POSTED MARCH 02, 2026 1:46 PM |
SEC Gave Companies More Power Over Investors but Lawsuits Pushed Them Back
A new federal approach giving U.S. companies more say over which proposals shareholders can vote on at their annual meetings is creating regulatory uncertainty and leading to litigation, activists said. The U.S. Securities and Exchange Commission in November changed its …
POSTED MARCH 02, 2026 1:39 PM |
Amazon’s AWS Reports Outage After UAE Data Center Struck by ‘Objects’
Amazon’s cloud-computing facilities in the Middle East faced power and connectivity issues on Monday after unidentified “objects” struck its data center in the United Arab Emirates. The objects had triggered a fire on Sunday that forced authorities to eventually cut …
POSTED MARCH 02, 2026 1:15 PM |
Insurers Urge Australia to Launch $21 Billion Flood Defense Fund
Insurers in Australia are urging legislators to set up a A$30 billion ($21.4 billion) flood defense fund as the nation grapples with surging costs from extreme weather events. Funding would be used on tasks including the addition of more flood-protection …
POSTED MARCH 02, 2026 10:56 AM |
Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals
Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life …
POSTED MARCH 02, 2026 10:15 AM |
West News Archives - Insurance Journal
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent
NASCAR racing star Kyle Busch and his wife have settled an $8.5 million lawsuit they brought against Pacific Life Insurance and an insurance agent that alleged the insurer and agent misled the couple and caused them to lose millions of …
POSTED MARCH 02, 2026 2:46 PM |
California Is Reconsidering Nuclear Energy After 50-Year Ban
Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …
POSTED MARCH 02, 2026 2:31 PM |
Federal Judge Allows Suit Against California AG Over ExxonMobil Remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California’s attorney general over comments about the company’s plastic recycling efforts. U.S. District Judge Michael J. Truncale in the Eastern District of Texas said in …
POSTED MARCH 02, 2026 6:00 AM |
Aspire Acquiring PolicyOne in California
Aspire today announced it has acquired California-based PolicyOne from One Inc. As part of the transaction, 21 PolicyOne employees are joining Aspire. Aspire plans to continue its long-standing relationship with One Inc. through the use of their PremiumPay and ClaimsPay …
POSTED MARCH 02, 2026 6:00 AM |
OSHA Penalizes Businesses Over 6 Deaths at Colorado Dairy
Federal workplace safety regulators penalized three businesses over their failure to protect six Colorado dairy workers who were killed by exposure to highly toxic hydrogen sulfide gas after a manure pipe disconnected in an enclosed space. The U.S. Occupational Safety …
POSTED FEBRUARY 27, 2026 6:00 AM |
SPG Acquires Property Specialist Proper in Montana
Specialty Program Group LLC has acquired Proper Insurance headquartered in Bozeman, Montana. As part of the transaction, Michael Grimland has been named president of Proper. Grimland will lead the business and oversee day-to-day operations, underwriting strategy and continued development of …
POSTED FEBRUARY 27, 2026 6:00 AM |
Court Tosses Judgment Blaming Montana Asbestos Deaths on BNSF
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 …
POSTED FEBRUARY 27, 2026 6:00 AM |
San Diego Approves $6M Settlement With Insurers for Flood Damage
The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods. The city council granted final approval Tuesday to the settlement, part of a longer …
POSTED FEBRUARY 26, 2026 6:00 AM |
People Moves: Delos Insurance Promotes, Hires Leadership Team Members
Delos Insurance Solutions made several promotions and appointments within its leadership team Co-founder Shanna McIntyre will move from chief data officer to become chief strategy officer, and Andrew Notohamiprodjo was promoted from head of data to chief data officer. Valencia …
POSTED FEBRUARY 26, 2026 6:00 AM |
Former California Insurance Agent Arraigned on Grand Theft And Embezzlement Charges
A former insurance agent has been charged with pocketing more than $100,000 of premiums. Andre De Gazon, 56, of Bellflower, was arraigned this week in Orange County Superior Court on multiple felony counts of grand theft and embezzlement after allegedly …
POSTED FEBRUARY 26, 2026 6:00 AM |
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