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News Archives - Insurance Journal

China Accuses US of Orchestrating $13 Billion Bitcoin Hack
China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US. The theft of the 127,272 Bitcoin tokens from the LuBian …

POSTED NOVEMBER 13, 2025 6:16 AM
Iceland Sees Security Risk, Existential Threat in Atlantic Ocean Current’s Possible Collapse
Iceland has designated the potential collapse of a major Atlantic Ocean current system a national security concern and an existential threat, enabling its government to strategize for worst-case scenarios, the country’s climate minister told Reuters. The Atlantic Meridional Overturning Circulation, …

POSTED NOVEMBER 13, 2025 6:15 AM
Amazon Sued Over ‘Punitive’ Handling of Employee Absences
Amazon.com was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with disabilities to a “punitive” policy governing workplace absences. Amazon, the largest private-sector U.S. employer behind Walmart, was accused of docking unpaid …

POSTED NOVEMBER 13, 2025 6:09 AM
Pollen Street Eyes IPO for UK Insurer Markerstudy at £3 Billion Value
Pollen Street Group Ltd. has begun preparing an initial public offering for UK insurer Markerstudy, according to people familiar with the matter. The buyout firm has started early discussions with investment banks about the potential listing, the people said, asking …

POSTED NOVEMBER 13, 2025 6:05 AM
Viewpoint: Beware the Rise in Unproven ‘Brittleness Test’ for Roof Shingle Claims
A few years ago, in the early 2020s, it was not unusual to hear about or even see roofing workers in Florida deliberately manipulating roof shingles to make it appear that the roof was damaged by storm winds. I saw …

POSTED NOVEMBER 13, 2025 6:02 AM
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year
A weather forecasting organization is offering up five reasons why the U.S. wasn’t hit by a hurricane this season, despite forecasts that called for an above normal Atlantic hurricane season with numerous anticipated landfalls. It will be the first Atlantic …

POSTED NOVEMBER 13, 2025 6:01 AM
Mounting Oregon Wildfire Claims Threaten Ratings of Berkshire’s PacifiCorp
A Berkshire Hathaway Energy Co.-owned utility is at risk of losing its investment-grade credit rating as it expects to have to pay up more money for litigation brought by victims of 2020 wildfires in Oregon. PacifiCorp recently warned that it …

POSTED NOVEMBER 13, 2025 6:00 AM
People Moves: California Insurance Commissioner Makes Task Force Reappointments
California Insurance Commissioner Ricardo Lara reappointed Michael Golden, Bernardo de la Torre, Doug Heller and Cynthia Strathmann to the California Automobile Assigned Risk Plan (CAARP) Advisory Committee; Doug Bystry to the California Organized Investment Network (COIN) Advisory Board, and Rebecca …

POSTED NOVEMBER 13, 2025 6:00 AM
Delaware Supreme Court Revives Workers’ Compensation Insurer’s Subrogation Bid
The Delaware Supreme Court has revived a workers’ compensation insurer’s claim for subrogation in a case where an employee injured while driving for her employer received payment from her employer’s uninsured motorist (UIM) insurer after receiving her workers’ compensation benefits. …

POSTED NOVEMBER 13, 2025 6:00 AM
Waymo Launches Driverless Robotaxis on Freeways in First for US
Waymo will become the first robotaxi provider in the US to offer driverless rides on highways, a milestone that positions it to better compete with ride-hailing companies and traditional taxi services. Beginning Wednesday, the Alphabet Inc. unit will begin offering …

POSTED NOVEMBER 12, 2025 4:50 PM

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