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Archive: June 2025

Former Connecticut Trooper Accused of Workers’ Compensation Fraud
Insurance Journal | June 20, 2025
Former Connecticut Trooper Accused of Workers’ Compensation Fraud
A former Connecticut state police trooper has been arrested and charged with collecting workers’ compensation benefits totaling $8,341.00 during his employment with the Connecticut Department of Emergency Services and Public Protection (DESPP). Jose Campos, age 32, of Winsted, was arrested …
Pano AI in California Raises $44M Series B to Scale Early Detection
Insurance Journal | June 20, 2025
Pano AI in California Raises $44M Series B to Scale Early Detection
San Francisco, California-based Pano AI announced the close of its $44 million Series B funding round. The round, which brings its total amount raised to $89 million, was led by new investor Giant Ventures, with additional new participation from Liberty …
Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower
Insurance Journal | June 20, 2025
Waymo Applies for NYC Testing Permit, Sending Uber and Lyft Shares Lower
Alphabet Inc.’s Waymo has applied for a permit to test its robotaxis in New York City, underscoring its intent to operate in one of the largest ride-hailing markets in the US despite an absence of local regulations supporting commercially operated …
SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
Insurance Journal | June 19, 2025
SpaceX’s Starship Explodes on Test Stand in Yet Another Setback
A SpaceX Starship rocket exploded on a test stand in Texas, adding to a series of setbacks to Elon Musk’s space ambitions that include trips to Mars. The huge blast enveloped the craft as it stood upright on a test …
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Insurance Journal | June 19, 2025
Krispy Kreme Starts Notifying Over 160,000 People Affected by Data Breach
Krispy Kreme released new information about its late 2024 data breach and said it is notifying affected individuals—many of them current or former employees, and their families. According to a post on its website and a notification to the attorney …
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Insurance Journal | June 19, 2025
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC
Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …
Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know
Insurance Journal | June 19, 2025
Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know
Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Insurance Journal | June 10, 2025
Wildfire Season Preview: Rest of 2025 Is High-Risk, May Follow LA Wildfires Paradigm
Following the “paradigm-shifting” Los Angeles wildfires in January, the 2024-2025 wildfire season will be remembered as a turning point for the insurance industry, and a warning that “wildfire is no longer a seasonal or rural phenomenon, a new outlook asserts. …
Texas State Fire Marshal’s Office Announces Investigations Leading to Guilty Pleas
Insurance Journal | June 10, 2025
Texas State Fire Marshal’s Office Announces Investigations Leading to Guilty Pleas
The Texas State Fire Marshal’s Office (SFMO), a division of the Texas Department of Insurance. announced three investigations that have led to guilty pleas: James Levorn Rias pleaded guilty to a first-degree murder charge following a May 2024 fire in …
People Moves: Burns & Wilcox Promotes Gatewood to EVP, Personal Insurance
Insurance Journal | June 10, 2025
People Moves: Burns & Wilcox Promotes Gatewood to EVP, Personal Insurance
Burns & Wilcox, a globally recognized leader in wholesale insurance brokerage headquartered in Farmington Hills, Michigan, promoted Bill Gatewood to executive vice president, personal insurance, effective July 1. Burns & Wilcox is a member of H.W. Kaufman Group, a privately …