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News Archives - Insurance Journal
UK Warns of Pancreatitis, Deaths Tied to Obesity Drugs Wegovy, Mounjaro
The UK warned some patients have died of severe inflammation of the pancreas linked to obesity and diabetes drugs such as Eli Lilly & Co.’s Mounjaro and Novo Nordisk A/S’s Wegovy. Though the worst cases of pancreatitis were rare, the …
POSTED JANUARY 30, 2026 8:59 AM |
Crypto Money-Laundering Hit $82 Billion in 2025, Researchers Say
Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday. The fastest-growing category has been Chinese-language money-laundering networks, …
POSTED JANUARY 30, 2026 8:15 AM |
Southern Africa Floods That Killed 300 Fueled by Global Warming
An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, …
POSTED JANUARY 30, 2026 8:00 AM |
China Plans $29 Billion Capital Injection Into Biggest Insurers
China is mulling the sale of hundreds of billions of yuan in special government bonds to recapitalize some of its largest insurers, according to people familiar with the matter, strengthening the biggest players in a sector that is under pressure …
POSTED JANUARY 30, 2026 7:25 AM |
Flood Risk Misconceptions Drive Underinsurance: Chubb
A new survey found three overarching themes that affect the purchase of flood insurance centered on awareness, action, and coverage misconceptions, according to Chubb’s Flood Risk and Resilience report. The survey of more than 1,500 high-net-worth homeowners, commercial businesses, agents, …
POSTED JANUARY 30, 2026 6:43 AM |
North American Risk Professionals See Average 11% Salary Increase
Risk professionals’ salaries have increased an average of 11% since 2023, with chief risk officers/vice presidents of risk management seeing increases of 16%. The increases and other trends in risk management compensation are detailed in the RIMS 2025 Compensation Survey, …
POSTED JANUARY 30, 2026 6:31 AM |
Viewpoint: Seamless Lead Sharing a Quiet Advantage In a World of Complex Distribution
Most carriers today generate leads from a mix of sources: agent driven activity, direct-to-consumer campaigns, affinity partnerships, and embedded insurance programs. Yet as acquisition costs rise and distribution ecosystems grow more complex, an insurance carrier’s competitive advantage is increasingly defined …
POSTED JANUARY 30, 2026 6:24 AM |
Danone Recalls Batches of Aptamil Baby Formula in Germany, Letter Shows
Danone has recalled at least three batches of its Aptamil baby formula in Germany, a letter to a wholesaler showed on Thursday, as the French food producer scrambles to contain a scare over a toxin contamination that started with Nestle …
POSTED JANUARY 30, 2026 6:05 AM |
USAA Prevails in MSP Recovery’s Latest Class-Action Attempt
MSP Recovery, a now-famous Miami litigation firm, has won some and lost some in federal and state appeals courts in a decade-long enterprise that has earned it millions of dollars in fees for, essentially, moving funds from auto insurers to …
POSTED JANUARY 30, 2026 6:01 AM |
People Moves: Trucordia Names Nelson VP of Public Relations; Hub Hires Ackerman as SVP, Private Client Risk Services
Trucordia Appoints Nelson as VP of Public Relations Trucordia hired Jason Nelson as vice president of public relations, a new role focused on the firm’s PR strategy, media presence, community engagement and brand. Nelson has more than two decades of …
POSTED JANUARY 30, 2026 6:00 AM |
West News Archives - Insurance Journal
People Moves: Trucordia Names Nelson VP of Public Relations; Hub Hires Ackerman as SVP, Private Client Risk Services
Trucordia Appoints Nelson as VP of Public Relations Trucordia hired Jason Nelson as vice president of public relations, a new role focused on the firm’s PR strategy, media presence, community engagement and brand. Nelson has more than two decades of …
POSTED JANUARY 30, 2026 6:00 AM |
Oregon Disabling Workers’ Comp Claims Fell in 2024
Oregon recorded fewer accepted disabling workers’ compensation claims in 2024 even as statewide employment continued to rise, new data from the state’s Department of Consumer and Business Services show. The Oregon Workers’ Compensation Division received 21,749 accepted disabling claims last …
POSTED JANUARY 30, 2026 6:00 AM |
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
Los Angeles County District Attorney Nathan Hochman asked the county to hold off on making initial payments for a landmark $4 billion sexual abuse settlement while his office conducts a criminal investigation of potentially fraudulent claims. In a letter to …
POSTED JANUARY 30, 2026 6:00 AM |
Waymo Probed After Robotaxi Struck Child Near California School
U.S. auto safety regulators are investigating a Waymo autonomous vehicle that struck a child near a school in Santa Monica, California, the second recent probe to examine the behavior of the Alphabet Inc. unit’s robotaxis near children. The vehicle collided …
POSTED JANUARY 29, 2026 4:30 PM |
Commerce Department Plans National AI Center in San Francisco
The U.S. Department of Commerce is preparing to open a national artificial-intelligence center in San Francisco, putting it closer to firms at the center of some of the government’s most high-profile initiatives. In addition to the Bay Area, AI export …
POSTED JANUARY 29, 2026 6:00 AM |
Trump Putting Zeldin in Charge of Permits to Rebuild After LA Wildfires
President Donald Trump on Wednesday said he will put Environmental Protection Agency administrator Lee Zeldin in charge of helping homeowners get permits to rebuild after the California wildfires last January. Related: Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts …
POSTED JANUARY 29, 2026 6:00 AM |
California Seafood Distributor Paying $248K for Prop 65 Violations
A California seafood is paying $248,000 to resolve allegations it sold frozen seafood products with elevated levels of lead and cadmium without the required warnings. California Attorney General Rob Bonta’s office settled with Pacific American Fish Company Inc., a seafood …
POSTED JANUARY 28, 2026 3:04 PM |
People Moves: CRC Adds DeJesus and Woita to Underwriting Leadership; Buckner Names Taylor President of Idaho
CRC Group Names DeJesus and Woita to Underwriting Leadership CRC Group hired Joe DeJesus and Austin Woita to its CRC Specialty Underwriting leadership team. DeJesus joined CRC Specialty as an underwriting team leader, based in Sacramento, California. DeJesus has a …
POSTED JANUARY 28, 2026 6:00 AM |
Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year’s Los Angeles wildfires, blaming the destruction and its slow rebuilding on California’s authorities. “Immediate and …
POSTED JANUARY 27, 2026 9:35 PM |
California Rehab Center to Pay $1.5M for Keeping Two Paycheck Protection Loans
A California rehabilitation center operator knowingly received more than one Paycheck Protection Program loan prior to Dec. 31, 2020, and was ordered pay the $1.5 million in damages and penalties, a court found. The U.S. District Court for the Central …
POSTED JANUARY 27, 2026 6:00 AM |
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