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 …

from News Archives - Insurance Journal https://ift.tt/2lcD9yr

ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years

ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improperly used confidential client information to win business. The …

from News Archives - Insurance Journal https://ift.tt/Po7lT9O

People Moves: Plymouth Rock Home Names Stuckey VP of Customer Service

Plymouth Rock Home Assurance Corp. headquartered in Boston, Massachusetts, named Jared Stuckey as vice president of customer service and underwriting. Stuckey previously led underwriting strategy and managed personal and commercial products for Plymouth Rock’s Independent Agent auto business. He will …

from News Archives - Insurance Journal https://ift.tt/JR7EdLf

Senate Blocks Bill to Address Data Center Costs

The US Senate on Sept. 30 blocked legislation requiring state utility regulators to consider whether large electricity users, including data centers, should bear the incremental costs of power infrastructure built to serve them and thus ease the burden on households. …

from News Archives - Insurance Journal https://ift.tt/swlJSr0

US Fund Accuses Radiant World of Fraud in Swiss Complaint

A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial …

from News Archives - Insurance Journal https://ift.tt/FshwNXc

Kansas Woman Sentenced to Probation for Insurance Fraud

A Leavenworth County, Kansas woman has been sentenced to 12 months of probation for insurance fraud, Insurance Commissioner Vicki Schmidt announced. Jennifer Walker, aged 48, pleaded guilty on July 29, 2026, in Leavenworth County District Court to one felony count …

from News Archives - Insurance Journal https://ift.tt/sYCd0Pn

French Court Finds Swiftair Guilty of Corporate Manslaughter Over Mali Crash

The Paris Criminal Court found Spanish company Swiftair guilty of corporate manslaughter on Monday over the 2014 crash of an Air Algerie flight that killed 116 people in northern Mali. Swiftair, which had been sub-contracted to operate the flight on …

from News Archives - Insurance Journal https://ift.tt/DrndxwK

Estonia Says Russia Behind Arson Attack on Defense Firm

Estonia’s government said with “full confidence” that Russian special services commissioned an August arson attack against a defense manufacturing facility in Tallinn. “The arson attack on Milrem in Estonia on the night of 15 August was an act of sabotage,” …

from News Archives - Insurance Journal https://ift.tt/BupLHOz

Vitol Told Deutsche Bank That Radiant Contracts With CFO’s Signature Were Fake

Vitol Group told Deutsche Bank AG in early August that contracts with Radiant World purportedly signed by Vitol’s chief financial officer weren’t real, according to a court ruling in Singapore. The confirmation from Vitol was one of the key factors …

from News Archives - Insurance Journal https://ift.tt/flFohJN

Bangkok Gets a Month of Rain in Weekend, Disrupting City

Bangkok received nearly a month’s worth of rain in a single weekend, flooding roads and homes across the Thai capital, and forcing the government to close public offices and postpone economic data releases. More than 12 inches of rain fell …

from News Archives - Insurance Journal https://ift.tt/ofzGOpD

Relation Insurance Reports It Acquired Pennsylvania’s LaPlaca Agency

Relation Insurance Services reported that it has closed on its acquisition of LaPlaca Insurance, Inc. in Pennsylvania. The transaction went into effect on June 30, 2026. Terms of the transaction were not disclosed. Located in Chalfont, Pennsylvania, LaPlaca serves the …

from News Archives - Insurance Journal https://ift.tt/SXyFpvK

NYC Lawmakers Propose Financial Rewards for AI Whistleblowers

New York City lawmakers want to offer financial incentives to whistleblowers who expose dangerous artificial intelligence practices, part of a package of bills aimed at tightening oversight of the technology. One measure set to be debated by the City Council …

from News Archives - Insurance Journal https://ift.tt/iAzJOM2

Blackstone-Backed Insurance Underwriter The Fidelis Partnership Files for IPO

Insurance underwriter TFP Group, better known as The Fidelis Partnership, filed for a US initial public offering on Friday, as the fall listing window looks to gain momentum after a tepid start. Expectations for a strong pickup in the fall …

from News Archives - Insurance Journal https://ift.tt/3pynROz

Hurricane Nolo Threatens Hawaii With Catastrophic Flooding

Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 miles (120 kilometers) per hour as it churned about 450 …

from News Archives - Insurance Journal https://ift.tt/xCJ2YqA

First US Trial Against TikTok to Test Claims Platform Fueled Teen Mental Health Crisis

An Alabama jury will hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case against the company to reach trial in …

from News Archives - Insurance Journal https://ift.tt/cNK5wSi

Crypto Exchange Bitget Says Hackers Stole $352 Million

Crypto exchange Bitget reported an estimated $351.6 million in unauthorized transfers from some of its wallets and temporarily suspended withdrawals. “User funds are safe,” Chief Executive Gracy Chen said in a post on X early Friday in Singapore. “The full …

from News Archives - Insurance Journal https://ift.tt/ZoX28T0

Insurance Australia Group Settles $2B Credit Suisse Lawsuit Over Greensill Collapse

Insurance Australia Group (IAG) said on Friday it had agreed to settle an A$2.8 billion ($1.96 billion) Credit Suisse lawsuit over losses linked to the collapse of finance firm Greensill Capital. Here are some key details: The insurer did not …

from News Archives - Insurance Journal https://ift.tt/Kq6gIFL

Grid Operator E.ON Warns of Growing Risk of Attacks on Energy Infrastructure

Companies must prepare for successful attacks on critical power infrastructure as both physical and cyber threats continue to increase, the CEO of E.ON, Europe’s largest operator of energy grids, said on Thursday. “Attacks on our grids are increasing significantly,” Leonhard …

from News Archives - Insurance Journal https://ift.tt/XRtcPWl

OpenAI Agent Hacked Australian Government Health Website

An OpenAI model hacked an Australian government website earlier this year, marking one of the first known cyberattacks by artificial intelligence on a government database. The AI system gained unauthorized access to files on a website for reporting healthcare statistics, …

from News Archives - Insurance Journal https://ift.tt/RJhVWFv

Tesla’s Automated Driving System Often Misreads Speed Limits: Belgian Safety Group

Tesla’s FSD automated-driving system frequently exceeded speed limits and attempted to overtake cyclists on streets where it’s prohibited, a road-safety advocacy group said, citing tests it conducted in Belgium. The Belgian group Johanna.be – which advocates for pedestrian and cyclist …

from News Archives - Insurance Journal https://ift.tt/k9KeOJT