News Center
News Archives - Insurance Journal
Houston and Dallas Face Risk of Floods as Storms Sweep Texas
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …
POSTED OCTOBER 02, 2026 3:51 PM |
Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …
POSTED OCTOBER 02, 2026 3:43 PM |
Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Scheme
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …
POSTED OCTOBER 02, 2026 2:56 PM |
US P/C Insurers See Fewer Ratings Downgrades in H1 2026 on Improved Performance
The US property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many …
POSTED OCTOBER 02, 2026 2:56 PM |
AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap News Reports
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
POSTED OCTOBER 02, 2026 12:51 PM |
To Shield Its Parishes, Vermont Diocese Wants to Pull Its Bankruptcy Filing
Facing a ruling that could expose its local parishes and schools to liability, no progress in settlement talks, and rising litigation costs, the Roman Catholic Diocese of Burlington, Vermont has taken the unusual step of asking the U.S. bankruptcy court …
POSTED OCTOBER 02, 2026 12:21 PM |
California AG Bonta Issues Subpoena to OpenAI over AI Cybersecurity Risks
California Attorney General Rob Bonta has issued an investigative subpoena to OpenAI, as part of a broader inquiry into cybersecurity incidents and risks related to its AI models, his office said on Thursday. Last month, Bonta announced that the Department …
POSTED OCTOBER 02, 2026 12:19 PM |
No Lights, No Radio: Getting Oil Through Strait of Hormuz Is a Risky Job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the US Navy to tell …
POSTED OCTOBER 02, 2026 11:55 AM |
Police Arrest Dual UK-Iranian National Over Airbase Plot
UK police said they arrested a sixth man, a British-Iranian dual national, in relation to an incident near an airbase used by the US to launch strikes on Iran. The 27-year-old man was arrested in London on suspicion of preparation …
POSTED OCTOBER 02, 2026 10:51 AM |
US States Challenge Corteva Spinoff as Bid to Evade PFAS Liabilities
Fifteen US states sued agrichemicals company Corteva on Thursday, alleging that the spinoff of its seed and genetics business into Vylor was designed to shield the company’s best assets from tens of billions of dollars in potential liabilities tied to …
POSTED OCTOBER 02, 2026 10:24 AM |
News Archives - Claims Journal
Google Faces $3.2 Billion Damage Claims on Ad-Tech Monopoly
U.S. District Judge P. Kevin Castel said he will allow jury trials to move forward on how Google’s conduct related to its AdX advertising exchange harmed major publishers.
POSTED OCTOBER 02, 2026 1:05 PM |
AI Tools Suspected in Korea’s Shinhan Bank Hack, Yonhap Says
Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
POSTED OCTOBER 02, 2026 12:57 PM |
E-Scooter Trauma Admissions Nearly Double as Youngest Riders Are Hurt Most Severely
Newswise — E-scooter trauma admissions nearly doubled from 2021 to 2023, and nearly two-thirds of injured riders under 16 sustained major injuries, according to two national analyses. The studies were presented at the American College of Surgeons (ACS) Clinical Congress …
POSTED OCTOBER 02, 2026 5:00 AM |
Southern California Utilities Prep Shutoffs as Fire Risk Surges
Thousands of homes and businesses in Southern California have been warned of the potential for power cuts in the coming days as a heat wave boosts wildfire risk throughout the region. With triple-digit temperatures expected this weekend, Edison International’s Southern …
POSTED OCTOBER 02, 2026 5:00 AM |
GM Loses Ground to Toyota as High Prices Reshape US Market
Toyota Motor Corp. and Hyundai Motor Co. are pulling closer to Detroit’s marquee automakers in the U.S. auto market, boosted by demand for gas-electric hybrids and affordable vehicles as average car payments rise well above $800 a month. Toyota recorded …
POSTED OCTOBER 02, 2026 5:00 AM |
Report: Property Claims Face Delays, Are Growing More Complex
Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also shows claims costs are under pressure. Several factors are putting …
POSTED OCTOBER 02, 2026 5:00 AM |
Before the Nuclear Verdict: Rethinking How Liability Claims Are Managed
Across the industry, nuclear verdicts are dominating conversations about social inflation and liability severity, and for good reason: in 2025, U.S. juries returned nearly 200 nuclear verdicts — awards of $10 million or more — against corporate defendants, a 40.7% …
POSTED OCTOBER 02, 2026 5:00 AM |
Exxon, Suncor Bid to Block Climate Suits at US Supreme Court
A yearslong legal campaign to hold the oil industry accountable for climate change risks running aground in the U.S. as the Supreme Court takes up a case that threatens to undercut dozens of lawsuits. The justices open their new term …
POSTED OCTOBER 02, 2026 5:00 AM |
EU’s Insurance Watchdog Warns of Risks Tied to Extreme Heat
The warning is the latest by EU authorities charged with safeguarding the bloc's economic stability. A Central Bank's official said last month that the cumulative impact of extreme weather shocks is morphing into its own risk category.
POSTED OCTOBER 01, 2026 1:41 PM |
AI Safety Measures Widely Backed by Most Americans, Poll Finds
A vast majority of Americans favor requiring artificial intelligence companies to meet independent safety benchmarks for their models, even if those standards mean slowing development of the technology, according to a new poll. Against a backdrop of growing global anxiety …
POSTED OCTOBER 01, 2026 5:00 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does G & H Financial Insurance Services, Inc. confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|