INSURANCE NEWS
Fayed Abuse Victims Seek Up to £150 Million From Harrods
Almost 300 women who say they were sexually abused by former Harrods owner Mohamed Al Fayed want as much as £150 million ($203 million) in compensation from the luxury department store, more than double the amount it’s set aside. The …
Ford to Recall About 223,500 Vehicles Over Fuel Tank Issues
Ford is recalling 223,472 vehicles in the U.S. due to leaky and improperly secured fuel tanks that may detach from the vehicle while driving, the U.S. National Highway Traffic Safety Administration said on Saturday. Here are some more details from …
WTW, Ivans Reports Signal More Commercial Rate Moderation
U.S. commercial insurance rates increased 0.5% in the second quarter 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing is continuing to move toward a more balanced market, with overall price increases moderating across …
Silicon Valley Escalates Warnings About Existential Risks of AI
For years, some of the leading figures in Silicon Valley have warned that artificial intelligence might pose an existential threat to humanity even as they pushed to develop the technology. This week, the high-profile resignation of an Anthropic researcher brought …
AI Data Centers Are on Track to Fuel ‘Explosive’ Growth in Captive Insurance
A form of self-insurance often associated with mining, oil and other environmentally risky sectors is quietly transforming the market for physical-risk coverage, thanks to the rise of mega AI data centers. Captives — whereby firms sidestep traditional insurers and instead …
Viewpoint: What Liability Trends in California Mean for the Rest of the Country
For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …
Six Convicted in Louisiana Scheme to Obtain Commercial Driver’s Licenses
Six people have been convicted in a bribery scheme that enabled more than 100 people to fraudulently obtain commercial driver’s licenses, the U.S Attorney’s Office, Eastern District of Louisiana announced. Mahmoud Alhattab, a restaurant owner, led a scheme in which …
Drought-Stricken South Dakota Ranchers Faced With Drying Wells
Each morning this summer, Gordon and Connie Howie have awoken on their cattle ranch in central Pennington County and turned on the kitchen faucet, unsure if any water will come out. “We can’t do laundry or dishes or take showers …
AM Best Revises Outlook to Stable for Farm Bureau Property & Casualty Group
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Farm Bureau Property & Casualty Insurance Company and Western Agricultural Insurance …
Register: AI Tools for FNOL & Digital Claims Intake ‘Demo Day’ on September 16
Insurance Journal’s Risky Future series is hosting the “AI Tools for FNOL & Digital Claims” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance claims leaders, including chief claims officers, innovation & transformation leaders, customer experience …
Rain Brings Needed Relief to North Texas Wildfires
Rain fell over and around the Ross Fire in North Texas on Thursday, a welcome reprieve to firefighters who have battled the flames for two weeks. The heavy rain, while brief, could dampen flames and embers and speed containment of …
Bayer Faces Pivotal Test of $7.25 Billion Roundup Settlement
Bayer’s Monsanto unit heads to a Missouri state court on Monday seeking approval of a $7.25 billion settlement that could resolve tens of thousands of U.S. lawsuits alleging that its popular weedkiller Roundup causes cancer. In a pivotal test of …