Insurance

Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions …

A U.S. judge granted preliminary approval on Friday to a $177-million settlement that resolves lawsuits against AT&T over breaches in 2024 that exposed personal information belonging to tens of millions of the telecom company’s customers. U.S. District Judge Ada Brown …

In the long conflict between insurance carriers and public claims adjusters, Florida’s Citizens Property Insurance Corp. has unexpectedly altered the rules of engagement in a way that could have a big impact on some adjusters’ livelihood. And a public adjuster …

Clay Johnson was named assistant commissioner of insurance for the Kansas Department of Insurance. Johnson, who was appointed by Kansas Insurance Commissioner Vicki Schmidt, succeeds Barb Rankin in the role. Rankin retired in early June. Johnson currently serves as the …

Faced with mounting lawsuits over a popular pistol, New Hampshire-based Sig Sauer asked for — and got — protection in the form of a new state law that makes it harder to take the gunmaker to court. Supporters in the …

The U.S. Supreme Court sided on Friday with fuel producers that had opposed California’s standards for vehicle emissions and electric cars under a federal air pollution law, agreeing that their legal challenge to the mandates should not have been dismissed. …

Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among the top courses chosen by industry professionals. Based on …

Aflac on Friday disclosed a cybersecurity incident in which personal information of its customers may have been compromised, making it the latest insurance provider to be targeted. The health and life insurance firm said the attack on its U.S. network, …

Arizona Gov. Katie Hobbs appointed Maria Ailor as the interim agency director of the Arizona Department of Insurance and Financial Institutions. Ailor has 30 years of public service experience as an insurance regulator, serving in various supervisory roles, most recently …

Honda is recalling more than 259,000 of its cars across the U.S. due to a problem that can cause the brake pedal to shift out of position, potentially interfering with a driver’s ability to stop or slow down. According to …