INSURANCE NEWS
Passenger Jet Reported Hitting Drone. Helicopter Had Near Miss Hours Later.
A passenger jet reported striking a drone while approaching JFK International Airport on Monday, and just hours later, a helicopter pilot alerted a close call with a remote-control airplane near the same airport. The Federal Aviation Administration is investigating the …
UK Investors Sue Binance in London for £150 Million
Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorization. The claimants, some of whom said they had …
Climate Change Keeps Adding to the List of Uninsurable Assets, Allianz Executive Says
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as …
People Moves: Gerger Named CEO of Big I Illinois
The board of directors of Big I Illinois named Brett Gerger CEO, effective July 1. Gerger, who has served as director of education and agency resources with Big I Illinois since 2019, succeeds Phil Lackman, who is retiring after 31 …
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers
Ford Motor Co. took an unusually human approach to fixing its stubborn quality problems: It brought back what it calls “gray beard” engineers to help train younger staff and to reprogram the artificial intelligence tools that weren’t getting the job …
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict
CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics. In rare public remarks on Tuesday, Ratcliffe promised to …
The Lull Before the Storms: Businesses Should Test Hurricane Plans, Panel Says
The 2026 hurricane season may turn out to be a quiet one, as predicted by long-range forecasts this year. But that only means that businesses should have more time to review and rehearse their emergency plans before the next storm …
Salvation Army Faces Lawsuit Alleging Discrimination Against Employee With Cancer
The Salvation Army, headquartered in Virginia with a facility in Lynchburg, violated federal law when it discriminated against an employee with cancer by denying her a reasonable accommodation to seek treatment and causing her to resign, according to a lawsuit …
Meta Loses Bid to Dismiss States’ Claims That Facebook, Instagram Addict Children
A federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by 29 U.S. state attorneys general accusing it of designing Facebook and Instagram to addict children and knowingly concealing the harm from the public. In a decision late on …
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034
The U.S. House of Representatives has overwhelmingly passed legislation to extend the public-private partnership to insure terrorism risk though 2034. The TRIA Program Reauthorization Act of 2026 (HR 7128), sponsored by Mike Flood, R-Neb., passed by a vote of vote …
Cyberattacks Are Growing Threat to SMEs – but Insurance Protection Is Low: GlobalData
Cyberattacks are becoming an increasingly significant threat to small and medium enterprises (SMEs), yet insurance adoption remains disproportionately low, according to GlobalData, the London-based data and analytics company. Limited awareness of cyber risks, affordability challenges, and evolving threat landscapes continue …
Report: $2.9B in Claims Paid in Missouri After Severe 2025 Season
The Missouri Department of Commerce and Insurance reported that more than $2.9 billion in claims have been paid statewide one year after the catastrophic events of the 2025 severe weather season. DCI this month reported on incurred losses and paid …