INSURANCE NEWS
‘Simply Fake’: The Dossier That Warned Credit Suisse About Gupta
The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was …
Family of Man Crushed by Bulldozer at Atlanta Homeless Camp Sues the City
ATLANTA (AP) — The family of a homeless man who died after a bulldozer crushed his tent during an encampment sweep sued the city of Atlanta on Friday over his death, calling it “tragic and preventable.” The lawsuit filed by …
Owner of Tenn. Factory Where Workers Drowned in Helene Won’t Face Charges
NASHVILLE, Tenn. (AP) — The owner of a factory where six workers died last year in flooding from Hurricane Helene won’t face charges after a Tennessee Bureau of Investigation found no criminal wrongdoing. First Judicial District Attorney General Steven Finney …
Evidence Shows Jeju Air Pilots Shut Off Less-Damaged Engine Before Crash: Source
The South Korea-led investigation into Jeju Air’s fatal plane crash in December has “clear evidence” that pilots shut off the less-damaged engine after a bird strike, a source with knowledge of the probe said on Monday. The source said the …
Singapore Says Cyber Espionage Group Targeting Critical Infrastructure
Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. “UNC3886 poses a serious threat to us, and has the potential to undermine …
Texas Mutual’s Ward Elected to NCCI Board of Directors
Jeanette Ward, president and CEO of Texas Mutual Insurance Company, has been elected as one of the insurer members on the National Council on Compensation Insurance 2025 Board of Directors. NCCI provides a comprehensive source for workers’ compensation data, insights …
Ambani’s Jio Agrees to Reinsurance Venture With Allianz in India
Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s quest to broaden his reach in the sector. The 50-50 venture combines Jio’s local digital footprint with Allianz’s global underwriting …
ITRC: 2025 Data Breaches Outpace Same Period Last Year
New analysis indicates there were 1,732 publicly reported U.S. data compromises in the first half of 2025—5% ahead of 2024’s pace, according to the Identity Theft Resource Center (ITRC). However, the number of victim notices in H1 2025 (165,745,452) represents …
How Crockett, Texas Turned a Devastating Tornado Into Funding for Sirens
A small East Texas community is in the final stages of installing a state-of-the-art disaster warning system officials have been working toward for years. Six new sirens will be placed strategically throughout the city of Crockett, about two hours north …
Russell Reappointed as Commissioner of Oklahoma Workers’ Compensation Commission
Jordan Russell was sworn in recently for his third appointment as Commissioner of the Oklahoma Workers‘ Compensation Commission (OWCC) and as Chair of the Commission. Russell is the longest-serving Commissioner, being first appointed by former Governor Mary Fallin in 2016. …
Authors Suing Anthropic Can Band Together in Copyright Suit, Judge Rules
A California federal judge ruled on Thursday that three authors suing artificial intelligence startup Anthropic for copyright infringement can represent writers nationwide whose books Anthropic allegedly pirated to train its AI system. U.S. District Judge William Alsup said the authors …
Drone Crashes, Security Threats Have States Demanding Power to Take Them Down
While authorities were desperately trying to save people from the deadly Fourth of July floods in Kerr County, Texas, a private drone collided with a search and rescue helicopter and forced it to make an emergency landing, one of the …