INSURANCE NEWS
Rikers Island Corrections Officer Cops to Falsifying Workers’ Compensation Claims
A corrections officer at the Rikers Island jail complex pled guilty yesterday to receiving more than $370,000 in workers’ compensation benefits based on fake injury claims, according to federal prosecutors. U.S. Attorney for the Southern District of New York Jay …
Greek Firms Scan Computer Systems as Iran War Raises Cyberattack Risks, Sources Say
Greek shipowners and other companies are scanning their computer systems for evidence of cyberattacks after advice from the National Cybersecurity Authority, two sources said on Wednesday following incidents that have been linked to the Iran war. The authority last week …
Gulf Banks Face $307 Billion Deposit Flight Risk if War Worsens, S&P Says
Gulf banks could face domestic deposit outflows of $307 billion if the Middle East conflict deepens, S&P Global Ratings said. An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in …
Iran War Cost Spike Straining Farmers Ahead of Midterm Elections
US farmers, long one of Donald Trump’s most loyal constituencies, are increasingly worried by the Iran war as soaring fertilizer and fuel prices hammer them just as they are about to start planting crops for the year. “Is the war …
SEC’s Top Cop Resigns After Just Six Months on the Job
The U.S. Securities and Exchange Commission’s enforcement director has resigned just over six months after she started on the job, the SEC said on Monday, a sudden departure for an agency that has changed dramatically under Republican leaders. Former military …
Onex CEO Le Blanc Channels Buffett With Big Bet on Insurance
Onex Corp. made a big bet on an insurance startup, and it didn’t take long for the losses to mount. First there was the pandemic, then a deep freeze in Texas. In 2022, Hurricane Ian ripped across the Caribbean and …
Germany Seeks Doubling of AI Data Centers by 2030
Germany plans to encourage investments in data centers to at least double domestic capacity and to boost artificial intelligence data processing at least fourfold by 2030, the government said on Tuesday. In a bid to catch up with the dominant …
Los Angeles, US West Brace for Second Bout of Record March Heat
Los Angeles and the U.S. Southwest are set for a second record heat wave in two weeks as temperatures soar, potentially straining electric grids, melting snowpack and raising health risks. Tuesday’s high in downtown Los Angeles is forecast to reach …
SEC Preparing to Scrap Quarterly Reporting Requirement, WSJ Reports
The U.S. Securities and Exchange Commission is preparing a proposal to scrap the requirement for companies to report their earnings every quarter and giving them the option to share results twice a year, the Wall Street Journal reported on Monday. …
TDI Names Tapp as Deputy Commissioner of Consumer Protection Division
The Texas Department of Insurance (TDI) announced Matthew Tapp as deputy commissioner of its Consumer Protection Division. Tapp will oversee the division, which helps Texans resolve insurance questions and complaints and protects consumers by overseeing agent and adjuster licensing. The …
Illinois Commercial Bakery Cited for Worker Safety Violations
The U.S. Department of Labor has cited a Chicago, Illinois-based commercial bakery for repeatedly exposing employees to safety hazards after a worker suffered a broken arm in September 2025 when clearing dough from a machine while working on the production …
Corpus Christi City Council to Address Looming Water Crisis
As drought tightens its grip on South Texas, city leaders in Corpus Christi are expected to deliver what could be the most sobering update yet on the region’s water supply outlook. At Tuesday’s city council meeting, officials are expected to …