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Archive: March 2025

FTC Concerned About Privacy Protections in 23andMe Bankruptcy
Insurance Journal | March 31, 2025
FTC Concerned About Privacy Protections in 23andMe Bankruptcy
The U.S. Federal Trade Commission is concerned about the potential sale or transfer of Americans’ personal information by 23andMe ancestry testing company which recently filed for bankruptcy, the agency’s chairman said on Monday. Any purchaser of 23andMe assets should agree …
RYZE Acquires Missouri’s Acorn Claims
Insurance Journal | March 31, 2025
RYZE Acquires Missouri’s Acorn Claims
RYZE Claim Solutions, a full-service claims management provider, announced its acquisition of Acorn Claims, a Springfield, Missouri-based firm specializing in daily and catastrophe claims services nationwide. RYZE said the transaction further supports its position in the industry, reinforcing its commitment …
Trial to Determine Who Will Pay $600M in Norfolk Southern Ohio Derailment
Insurance Journal | March 31, 2025
Trial to Determine Who Will Pay $600M in Norfolk Southern Ohio Derailment
Norfolk Southern wants two other companies to help pay for the $600 million class-action settlement it agreed to over its disastrous 2023 train derailment near the Ohio-Pennsylvania border and the toxic chemicals that were released and burned. The railroad filed …
Severe Storms Ravage South Texas, Leaving 3 Dead and Hundreds Stranded
Insurance Journal | March 31, 2025
Severe Storms Ravage South Texas, Leaving 3 Dead and Hundreds Stranded
Drenching rain along the Texas-Mexico border let up Friday, but rescues were still ongoing a day after severe storms trapped residents in their homes, forced drivers to abandon their vehicles on flooded roads and shut down an airport. Local officials …
Oracle Warns Health Customers of Patient Data Breach
Insurance Journal | March 30, 2025
Oracle Warns Health Customers of Patient Data Breach
Hackers broke into Oracle Corp.’s computer systems and stole patient data in an attempt to extort multiple medical providers in the US, according to a person familiar with the matter and a notification the software company sent to clients. Earlier …
State Farm Has Paid out $2.5 Billion for LA Wildfires
Insurance Journal | March 28, 2025
State Farm Has Paid out $2.5 Billion for LA Wildfires
State Farm has reported paying out $2.5 billion for the Los Angeles wildfires in January, more than double what the carrier reported paying out weeks earlier. “As of March 28, we’ve received more than 12,300 total claims related to the …
AM Best Removes Negative Implications, Expects Continued Profitability for Pie Insurance
Insurance Journal | March 28, 2025
AM Best Removes Negative Implications, Expects Continued Profitability for Pie Insurance
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Pie Insurance Company (Columbus, OH) and its pooled affiliate, Pie …
MS&AD Insurance Group Announces Merger of 2 Non-Life Subsidiaries
Insurance Journal | March 28, 2025
MS&AD Insurance Group Announces Merger of 2 Non-Life Subsidiaries
MS&AD Insurance Group Holdings Inc. announced it will merge two of its non-life insurance company subsidiaries – Mitsui Sumitomo Insurance Co. Ltd. and Aioi Nissay Dowa Insurance Co. Ltd. This merger will establish a non-life insurance company that holds the …
Concerns Raised Over Contamination of Farm Fields with PFAS-laden Biosolids
Insurance Journal | March 28, 2025
Concerns Raised Over Contamination of Farm Fields with PFAS-laden Biosolids
What goes down your toilet can end up on farm fields across the United States. Biosolids, or sewage sludge, are the solid byproducts of the wastewater treatment process. Rich in nutrients, they can be used as fertilizer on agricultural fields …
CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release
Insurance Journal | March 20, 2025
CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two …