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News Archives - Insurance Journal
Amazon Sued by Australian Consumer Watchdog Over Prime Video Ads Amazon.com Inc. has been sued by Australia’s consumer watchdog for introducing advertising to its Prime Video streaming service and then forcing existing subscribers to pay more to avoid the ads. The Australian Competition & Consumer Commission said Tuesday it has …
POSTED JUNE 30, 2026 12:27 PM |
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test Hyperscale data center campuses represent the latest growth opportunity for the global re/insurance industry. Annual investment in these specialized facilities will likely surpass $300 billion by 2027 and the total insurable asset base for the roughly 11,000 data centers currently …
POSTED JUNE 30, 2026 11:38 AM |
It’s a Sweltering Summer. Can We Finally Wear Shorts to Work? Last week, as temperatures in Europe soared and France recorded its highest-ever average temperature, Bloomberg conducted a poll of its clients — including traders, portfolio managers and strategists. The question was simple, but important: Is it ever appropriate to wear …
POSTED JUNE 30, 2026 10:30 AM |
Apple iPhone 18 Pro Supplier List, Parts and Photos Exposed in Tata Data Leak Sensitive lists of components and suppliers, and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm’s Indian supplier Tata Electronics, according …
POSTED JUNE 30, 2026 9:42 AM |
Iran Ratchets Up Talk of Controlling Hormuz Before New Talks Iran reiterated its determination to control maritime traffic through the Strait of Hormuz, raising the stakes ahead of fresh talks in Qatar on formally ending its war with the US. Speaking to state television, Deputy Foreign Minister Kazem Gharibabadi said …
POSTED JUNE 30, 2026 9:22 AM |
Texas Reaches $34M Settlement With AstraZeneca for Illegal Kickback Scheme Texas Attorney General Ken Paxton secured a settlement with AstraZeneca Pharmaceuticals to resolve claims that the company engaged in an illegal kickback scheme that improperly influenced prescriptions paid for by Texas Medicaid. Under the settlement, the company will pay nearly …
POSTED JUNE 30, 2026 7:00 AM |
Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions Arthur J. Gallagher & Co. announced the acquisition of Ohio-based Cincinnati Benefit Solutions. Terms of the transaction were not disclosed. Cincinnati Benefit Solutions provides employee benefits services for small businesses in Cincinnati and nearby areas. Drew Locaputo and the Cincinnati …
POSTED JUNE 30, 2026 7:00 AM |
DOJ Closes Criminal Probe Into Abbott Over Baby Formula Plant, WSJ Reports The U.S. Justice Department closed a criminal probe into Abbott Laboratories over its handling of a baby formula plant linked to potentially deadly bacteria and infant deaths, opting instead for civil penalties, the Wall Street Journal reported on Sunday. Reuters …
POSTED JUNE 30, 2026 5:47 AM |
Proxy Advisers Notch Third Legal Win Staving Off Republican ‘Anti-ESG’ Rules A federal judge late on June 26 granted a preliminary injunction blocking an Indiana law requiring new disclosures from proxy advisers, marking a third legal victory for Institutional Shareholder Services and Glass Lewis against restrictions backed by Republican lawmakers. The …
POSTED JUNE 30, 2026 5:22 AM |
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed About three months after it detected suspicious activity within its network systems, AssuranceAmerica has started alerting consumers. The Atlanta-based managing general agency with about 9,500 agents selling personal auto, renters, and commercial auto policies in 14 states, said on March …
POSTED JUNE 30, 2026 5:20 AM |
West News Archives - Insurance Journal
3 Firefighters Killed in Colorado as Wildfires Stoked By Heat, Wind Rage Across West Blistering heat and strong winds Sunday stoked wildfires across the West after three firefighters were killed a day earlier in Colorado while battling a blaze along the state’s border with Utah. The National Weather Service said wildfire conditions “remain critical” …
POSTED JUNE 30, 2026 5:00 AM |
LA Palisades Fire Jury Fails to Reach Verdict in Arson Trial A federal jury failed to reach a verdict in the arson case over the most destructive wildfire in Los Angeles history. U.S. District Judge Anne Hwang declared a mistrial after jurors told her Friday they were divided and unable to …
POSTED JUNE 30, 2026 5:00 AM |
Uber and Waymo End Robotaxi Deal in Phoenix; Uber to Announce New Partner Uber Technologies Inc. said it has wound down its robotaxi offering with Alphabet Inc.’s Waymo in Phoenix, the latest relationship twist between two companies that simultaneously function as partners and competitors. The Arizona capital was the first market where Waymo …
POSTED JUNE 30, 2026 5:00 AM |
Four Washington Restaurants Must Pay $750K in Wages, Damages to Workers Four Washington-based restaurants must pay $750,000 in back wages and damages to 42 workers after an investigation uncovered minimum wage and overtime violations of the Fair Labor Standards Act. The U.S. Department of Labor secured a federal consent judgment requiring …
POSTED JUNE 29, 2026 5:00 AM |
People Moves: Venbrook Names Ward CFO; Lesmann Joins Crest as Broker; Alliant Adds Lundquist to Benefits Team Ward Joins Venbrook as CFO Venbrook Group LLC named Kenneth W. Ward chief financial officer. Ward specializes in operational efficiency, cost-cutting initiatives and growth. He has worked across a variety of industries and most recently held the CFO role at …
POSTED JUNE 29, 2026 5:00 AM |
Tesla Settles Lawsuit Over Deadly Crash Involving Full Self-Driving Tesla Inc. has quietly resolved a lawsuit stemming from a fatal 2023 crash that precipitated a defect investigation into the carmaker’s automated-driving technology. The collision involved 71-year-old Johna Story, who had stepped out of her vehicle on an Arizona highway …
POSTED JUNE 26, 2026 2:55 PM |
Orion180 Launches FLEX Home Insurance in Colorado Orion180 Insurance has launched its FLEX homeowners insurance coverage in Colorado. FLEX Home Insurance is designed to give homeowners greater control over how they protect their property, allowing them to tailor coverage to fit their individual risk tolerance and budget. …
POSTED JUNE 26, 2026 5:00 AM |
Indictments Delivered for Auto Theft Ring Targeting Colorado Airports A Colorado grand jury indicted 11 defendants for taking part in an auto theft ring that reportedly targeted vehicles parked at municipal airports. Colorado Attorney General Phil Weiser and Denver District Attorney John Walsh announced the indictments this week on …
POSTED JUNE 26, 2026 5:00 AM |
Week-Long LA Warehouse Fire That Impacted Air Quality and Businesses Knocked Down A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse …
POSTED JUNE 25, 2026 1:49 PM |
‘Ghost Broker’ Who Procured 1,120 Policies Through Fraud Arrested A 14-month-long “ghost broker” investigation has concluded with the arrest of a man accused of procuring more than 1,120 auto insurance policies using fraudulent data and social media apps. The Utah Insurance Department announced the arrest of Carlos David Garcia …
POSTED JUNE 25, 2026 5:00 AM |
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