INSURANCE NEWS
Email Phishing Scam Targets New York Financial Services Firms, DFS Warns
The New York State Department of Financial Services (DFS) is alerting firms and individuals it regulates to use caution before responding to emails from senders falsely claiming to represent DFS. DFS said it recently became aware of phishing emails “purporting …
Customers’ Search for Better Auto Rates Has UBI Heating Up
Customers shopped for auto insurance at a record pace in 2025 as years of insurance rate hikes got buyers looking around. And this time, they are finding better prices elsewhere, according to J.D. Power. The percentage of customers who shopped …
Georgia Financial Adviser Awaits Sentencing in $380M Ponzi Scheme
A financial adviser in Georgia pleaded guilty Wednesday to wire fraud in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities announced. Prosecutors accused Todd Burkhalter, the founder and CEO of Drive Planning LLC, …
FEMA Extends Housing Aid for Maui Wildfire Survivors Until 2027
U.S. officials have granted a request to extend housing assistance for survivors of catastrophic 2023 wildfires, Hawaii Gov. Josh Green said. Nearly 1,000 households displaced by fire were anxiously awaiting word on whether federal assistance helping them stay housed will …
Private Plane Crashes at Maine Airport With 8 on Board
A team from the National Transportation Safety Board (NTSB) is headed to Bangor International Airport in Maine to investigate the Sunday, Jan. 25 crash of a Bombardier CL 600 airplane. Eight people were on board. No information about their fate …
Ice, Snow and Crashes Across Much of the Southeast from Winter Storm
Parts of the Southeast took it on the chin from Winter Storm Fern on Sunday, with iced-up roads, downed trees and widespread power outages, along with severe thunderstorms and wind along the Gulf Coast—all of which will likely result in …
Google Settles Google Assistant Privacy Lawsuit for $68 Million
Google agreed to pay $68 million to settle a lawsuit claiming that its voice-activated assistant spied inappropriately on smartphone users, violating their privacy. A preliminary class action settlement was filed late Friday night in the San Jose, California federal court, …
Post-Storm Freeze to Test US Power Grids as Demand Surges
US power grids are expected to grapple with unprecedented seasonal demand and the threat of blackouts after a damaging winter storm coated parts of the South and Mid-Atlantic in ice — leaving brutal cold in its wake. More than 800,000 …
Markets/Coverages: Marsh Risk Expands Nimbus Facility for Major Data Center Projects
Insurance broker Marsh Risk, a business of Marsh, announced the addition of significant capacity to Nimbus, its large-scale data center construction insurance facility. Nimbus now offers limits up to US$2.7 billion – inclusive of delay in start-up and business interruption …
Doordash, Uber Fail to Stop NYC Law Requiring 10% Tip Prompt
DoorDash Inc. and Uber Technologies Inc. lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Monday. A federal judge on Friday denied the companies’ request …
Snowstorm Triggers Warnings in Germany and Northern Europe
Heavy snow and ice hit northern and eastern Europe, disrupting transport and power systems as freezing conditions are forecast for the next two weeks. The winter storm triggered red weather alerts in Germany, where 20 centimeters (7.9 inches) of snow …
EU Opens Probe Into X Over Grok’s Production of Sexualized Imagery, Lawmaker Says
The European Commission has launched an investigation into Elon Musk’s AI chatbot Grok over the production of explicit imagery, Regina Doherty, a member of the European parliament representing Ireland, said in a statement on Monday. The investigation will assess whether …