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News Archives - Insurance Journal
Europe’s Banks Face ‘Unprecedentedly High’ Risk of Shocks, ECB Warns
Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The ECB has long argued …
POSTED NOVEMBER 19, 2025 9:19 AM |
Amazon, Google Named by EU Among ‘Critical’ Tech Providers for Finance Industry
European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party computing providers for the bloc’s finance industry. Under the EU’s Digital Operational Resilience Act (DORA), which started being applied in …
POSTED NOVEMBER 19, 2025 8:56 AM |
Former Owner of Arkansas Apartment Complex Sued for Sexual Misconduct
The Justice Department announced that it has filed a lawsuit against Thomas Ray Kelso, the former owner and manager of rental properties formerly known as Briarwood Apartments in Searcy, Arkansas, for engaging in sexual harassment and retaliation in violation of …
POSTED NOVEMBER 19, 2025 8:30 AM |
Tulsa Approves Ordinance Allowing Fire Department to Bill Insurers for Car Accident Responses
The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance carrier, and the fee amount …
POSTED NOVEMBER 19, 2025 8:00 AM |
People Moves: Chubb Appoints Hazelton COO of North America Field Operations; Haase Joins Everest as CEO of Legacy Operations
Chubb Appoints Hazelton COO of North America Field Operations Chubb, headquartered in New York City, named Bill Hazelton as chief operating officer (COO) for North America Field Operations, effective Dec. 1. Hazelton will oversee the delivery of Chubb’s full portfolio …
POSTED NOVEMBER 19, 2025 6:28 AM |
Senator Opposes FCC Plan to Reverse Cyber Rules Adopted After Salt Typhoon Attack
The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S. telecom companies last year. Senator …
POSTED NOVEMBER 19, 2025 6:11 AM |
Has Insurtech Funding Found a Floor?
Two separate reports published this month show that while quarterly insurtech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in insurtechs have stabilized since late 2022. While their deal-dollar and deal-count tallies are slightly …
POSTED NOVEMBER 19, 2025 6:10 AM |
How Big Tech Is Faring Against US Antitrust Lawsuits?
A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term. Here are the statuses of the U.S. …
POSTED NOVEMBER 19, 2025 6:05 AM |
GEICO Can’t Slip Out of SC Lawsuit That Says it Owes $70M in Taxes and Penalties
GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in …
POSTED NOVEMBER 19, 2025 6:01 AM |
1 Worker Dies, 2 Injured in Trench Collapse at Cape Cod Construction Site
One worker died and two were injured in a trench collapse at a construction site in a popular seacoast town on Cape Cod, Massachusetts. The trench collapse happened on Tuesday about 9 a.m. at a sewer project work site located …
POSTED NOVEMBER 19, 2025 6:00 AM |
West News Archives - Insurance Journal
Amazon’s Zoox Launches Robotaxi Rides in San Francisco
Amazon’s self-driving unit Zoox opened its waitlist on Tuesday for users in San Francisco, offering free rides, just days after Alphabet’s Waymo said it will provide robotaxi rides in the same market. Zoox said it is inviting people to ride …
POSTED NOVEMBER 19, 2025 6:00 AM |
Digital MGA Honeycomb Insurance Expands to Colorado
Honeycomb Insurance has begun writing policies in Colorado. The digital managing general agency specializes in property/casualty coverage for landlords and condominium associations. The company’s underwriting platform evaluates properties individually using high-resolution imagery and technology. Honeycomb now operates across 20 states …
POSTED NOVEMBER 19, 2025 6:00 AM |
Business Groups Ask Supreme Court to Pause California Climate Reporting Laws
The U.S. Chamber of Commerce asked the Supreme Court to pause new California laws expected to require thousands of companies to report emissions and climate-risk information. The laws are the most sweeping of their kind in the nation, and a …
POSTED NOVEMBER 19, 2025 6:00 AM |
CVS Settles for $18.2M Over California False Claims Act Violations
CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …
POSTED NOVEMBER 18, 2025 2:42 PM |
Brockovich Group Sues Over LA Fire Alert Failure in 18 Deaths
A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for …
POSTED NOVEMBER 18, 2025 6:00 AM |
World Insurance Associates Acquires Reinig in Colorado
World Insurance Associates LLC acquired the business of Reinig Insurance Solutions in Lakewood, Colorado. Reinig Insurance Solutions specializes in providing property/casualty products and services to the health and fitness industry. World Insurance Associates is a headquartered in Iselin, New Jersey, …
POSTED NOVEMBER 17, 2025 6:11 PM |
Tesla Wins Bid to Undo Race Bias Class Action by Black Factory Workers
A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker. California …
POSTED NOVEMBER 17, 2025 4:29 PM |
Los Angeles Showers Wane After Record Southern California Rain
Showers will be winding down across Los Angeles and Southern California after record rains brought raised the risks of floods and mudslides, especially in areas scorched by recent wildfires. Downtown Los Angeles received 1.65 inches Saturday, a record for the …
POSTED NOVEMBER 17, 2025 3:06 PM |
Coal Miners With Black Lung Say Government Is Suffocating The ‘Working Man’
Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names, …
POSTED NOVEMBER 17, 2025 6:00 AM |
Arizona Workers’ Comp Rates Fall for a 12th Straight Year
Workers’ compensation rates in Arizona are set to go down 6.7% next year. The Arizona Department of Insurance and Financial Institutions reviewed the annual National Council on Compensation Insurance rate filing for a 6.7% reduction in workers’ comp rates, which …
POSTED NOVEMBER 17, 2025 6:00 AM |
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