INSURANCE NEWS
Despite Risk, Speeding Becoming Normalized AAA Study Finds
A new study suggests that some drivers feel speeding is okay despite the risks, according to the AAA Foundation for Traffic Safety (AAAFTS). While most drivers agreed that posted speed limits are appropriate, many also considered driving 10 mph over …
Highest-Ever Ocean Temperature Measured as Super El Niño Forms
Scientists have recorded the highest temperature ever measured in the world’s oceans, as climate change combines with a powerful El Niño in the tropical Pacific.The global average sea-surface temperature hit a record 21.1C (70F) on Aug. 22, according to Europe’s …
Register: Risky Future AI Tools for Insurance BPO & Consulting ‘Demo Day’ on August 26
Insurance Journal’s Risky Future series is hosting the “AI Tools for BPO & Consulting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Retail Agencies and Operations Executives. This event spotlights AI solutions that focus …
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US
USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to a lawsuit filed earlier this month in U.S. District Court for the Eastern District …
Miami Restaurateur, Telemundo Station President Killed in Kenya Helicopter Crash
The family of a Miami restaurateur say they are “devastated and heartbroken” after he and six others were killed by a safari helicopter crash in a remote part of northern Kenya. A helicopter crashed Wednesday morning while flying from the …
Jury Says NYTimes Defamed Alabama Basketball Player, Awards $9.5M
An Alabama jury on Thursday awarded $9.25 million in damages after finding that The New York Times defamed a college basketball player by incorrectly reporting that he was at the scene of a fatal shooting in Tuscaloosa. Kai Spears, who …
Germany Says Weapons Cache Points to Hybrid Attack Plans
Germany’s top security official confirmed the discovery of a cache of weapons on the outskirts of Berlin and said authorities are investigating the possible involvement of foreign security agents in a range of planned attacks. The revelation by Interior Minister …
Former Virginia Insurance Agent Pleads Guilty to Fraud
A former Virginia insurance agent pled guilty last week to wire fraud related to a scheme to pocket the premiums he was paid for policies he sold. According to court documents, Thomas Robert Hoyt, of Melfa, told certain clients to …
KPMG Australia to Fire Hundreds of Workers as Crisis Deepens
Scandal-plagued KPMG Australia is cutting almost 400 jobs as it grapples with the fallout from allegations it misused confidential client information to win business and as demand for consulting services slows. The consultancy giant will reduce its workforce by about …
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a phenomenon associated with bouts of hot, dry …
Trump’s Environmental Rollbacks Are Being Struck Down by Courts
The Trump administration’s many steps to reshape and shrink the scope of federal environmental protection have been met with a flood of legal challenges from companies, environmental groups and state officials. So far this summer, it’s been losing more than …
TikTok Agrees to $400 Million Children’s Privacy Settlement
TikTok and its Chinese parent company ByteDance on Friday agreed to a $400-million settlement to resolve the U.S. Justice Department’s allegations the short-video app violated children’s online privacy. The Justice Department sued TikTok and ByteDance in 2024 for allegedly failing …