Insurance Journal

Two former top investigators for Farm Bureau Financial Services are suing the company for fraud, racketeering and wrongful termination. The lawsuit alleges the insurer’s management group knew of fraudulent activity committed by company employees and refused to report fraud to …... Read more

Sen. John Kennedy has introduced a new bill aimed at reforming the courtroom practice of third-party litigation funding. Kennedy, R-La., introduced the Protecting Our Courts from Foreign Manipulation Act last week, and it was immediately supported by the insurance industry …... Read more

Meta shut down internal research into the mental health effects of Facebook after finding causal evidence that its products harmed users’ mental health, according to unredacted filings in a lawsuit by U.S. school districts against Meta and other social media …... Read more

Norfolk Southern railroad worked with the state of Ohio and Youngstown State University to revive plans for a $20 million first responder training center near the site of the worst derailment in a decade in East Palestine, Ohio. Building a …... Read more

Glunt Industries, Inc., a Warren, Ohio machining company which operates four large-scale fabrication plants, will pay $2 million and provide other relief to settle a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. …... Read more

Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said …... Read more

Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture …... Read more

United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels or strengthen …... Read more

American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former …... Read more

Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …... Read more

Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drilling in waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal published on …... Read more

Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, …... Read more

A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …... Read more

Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the country. The containers …... Read more

Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,000), though that figure may rise if …... Read more