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News Archives - Insurance Journal
People Moves: Spencer Appointed AIG’s Head of Specialty, North America
Gavin Spencer is the new head of specialty, North America at AIG. He is taking on this expanded role alongside his current responsibilities as head of marine, North America. AIG is headquartered in New York City. Spencer joined AIG in …
POSTED JUNE 23, 2026 5:18 AM |
UK Payments Firm Moved Billions for Risky Clients Before FCA Seizure
Euro Exchange Securities UK Ltd., a British payments company, handled at least £2 billion ($2.7 billion) for a small group of risky customers before regulators moved to seize the firm over fears it was facilitating money laundering. The firm told …
POSTED JUNE 23, 2026 5:15 AM |
Heat Wave Lowers Rhine Levels, Straining Fuel Supply Chains
Falling Rhine water levels are choking fuel shipments to parts of western Europe as a heat wave grips the region, forcing barges to sail with less than half their normal loads. Earlier on Monday, barges carrying diesel through Kaub in …
POSTED JUNE 23, 2026 5:05 AM |
Uber Board Sued Over Alleged ‘Serial’ Compliance Failures, Sexual Abuse Lawsuits
Uber Technologies’ board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in …
POSTED JUNE 23, 2026 5:04 AM |
Anthropic Ban Forces Investor Rethink of Political Risk
Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way. The US administration’s move to block foreign nationals from …
POSTED JUNE 23, 2026 5:02 AM |
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters
June 24, 2026 marks the fifth anniversary of the tragic collapse of Champlain Towers South in Surfside, Florida. Like many Floridians, I remember exactly where I was when I first heard the news. The loss of 98 lives was heartbreaking, …
POSTED JUNE 23, 2026 5:02 AM |
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits
Virginia Governor Abigail Spanberger recently signed a package of “commonsense” bills that she and supporters maintain will reduce gun violence and save lives, but some of them may not be enforced if local prosecutors get their way. The new laws …
POSTED JUNE 23, 2026 5:00 AM |
‘We’ll Want Some Proof’: State Farm CEO’s Take on NY Auto Insurance Reforms
While State Farm publicly supported auto insurance reform measures in New York this year, now that a package of changes has been written into the state’s statutes, the insurance giant is taking a measured business approach. “We want some proof …
POSTED JUNE 23, 2026 5:00 AM |
Workday Must Face California Lawsuit Over AI Bias in Job Screening Tools
Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. …
POSTED JUNE 23, 2026 5:00 AM |
Lawsuit Says Gas Stations Using AI to Inflate Prices in California
A group of California consumers claimed in a lawsuit that gas station owners including Walmart Inc., Marathon Petroleum Corp., BP Plc and 7-Eleven Inc. are using artificial intelligence to illegally manipulate pump prices in the state that already has the …
POSTED JUNE 23, 2026 5:00 AM |
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