INSURANCE NEWS
India’s Cabinet Approves Opening Up of Insurance, Nuclear Sectors, Sources Say
India’s cabinet has approved sweeping changes to atomic energy laws and fully opened the insurance sector to foreign investors, two government sources said on Friday, key policy moves aimed at attracting billions of dollars in two critical sectors. India, which …
Germany Summons Russian Envoy Over Surge in Cyberattacks
Germany’s foreign ministry summoned the Russian ambassador in Berlin and said it made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy. “We have observed a massive increase in threatening hybrid …
Deadliest Morocco Flooding in Two Decades Leaves Dozens Dead
Flash flooding left at least 37 people dead in a city on Morocco’s Atlantic coast, the North African country’s deadliest such incident in more than two decades. Search and rescue operations remained underway in Safi on Monday after heavy rains …
FEMA to Send Georgia $300M in Helene Aid After Accusations of Delays
The Federal Emergency Management Agency on Friday announced it would send $350 million in funding to localities and electric cooperatives for relief efforts following Hurricane Helene and Tropical Storm Debby. The announcement comes two months after Democratic U.S. Sen. Raphael …
Oil Tanker Rates to Stay Strong Into 2026 as Sanctions Remove Ships for Hire
The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be capped …
Death at Universal’s Orlando Resort Roller Coaster Ruled Accidental
The death of a 32-year-old man after riding a high-speed roller coaster at the Universal Epic Universe theme park was accidental, and an investigation has been closed, according to a Florida sheriff’s office report released this week. Meanwhile, a medical …
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains
Deadly flooding in Asia and early snowstorms across the US are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters worldwide. In recent La Niña years, global losses have …
Jury Orders Johnson & Johnson to Pay $40M to Two Women in Latest Talc Trial
A California jury on Friday awarded $40 million to two women who said Johnson & Johnson’s JNJ.N baby powder was to blame for their ovarian cancer. The jury in Los Angeles Superior Court awarded $18 million to Monica Kent and …
Trump Administration Turning to Private Firms in Cyber Offensive
President Donald Trump’s administration is preparing to turn to private businesses to help mount offensive cyberattacks against foreign adversaries, according to people familiar with the matter, potentially expanding a shadowy electronic conflict typically conducted by secretive intelligence agencies. The White …
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim
Allegations that some roofers deliberately damage roofs in order to qualify properties for insurance claims have long been a concern for insurers. This fall, the North Carolina Department of Insurance and North Carolina Farm Bureau decided to do something about …
US Senators Push USDA for Urgent Action on Bird Flu Vaccine
A bipartisan group of U.S. senators this week urged the administration of President Donald Trump to finalize a science-based plan for developing a bird flu vaccine for livestock, according to a letter seen by Reuters. More than 180 million chickens, …
TDI Deputy Commissioner Receives NAIC’s Robert Dineen Award
Texas Department of Insurance (TDI) Deputy Commissioner Jamie Walker won this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). Walker began at TDI as an examiner trainee before …