Archive: July 2026

UK Investors Sue Binance in London for £150 Million
Insurance Journal | July 1, 2026
UK Investors Sue Binance in London for £150 Million
Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorization. The claimants, some of whom said they had …
Climate Change Keeps Adding to the List of Uninsurable Assets, Allianz Executive Says
Insurance Journal | July 1, 2026
Climate Change Keeps Adding to the List of Uninsurable Assets, Allianz Executive Says
Extreme weather events — such as the heat wave gripping Europe — are making a growing number of assets too risky to insure, according to a director at Europe’s largest primary insurer. “Certain locations and perils cannot be covered as …
People Moves: Gerger Named CEO of Big I Illinois
Insurance Journal | July 1, 2026
People Moves: Gerger Named CEO of Big I Illinois
The board of directors of Big I Illinois named Brett Gerger CEO, effective July 1. Gerger, who has served as director of education and agency resources with Big I Illinois since 2019, succeeds Phil Lackman, who is retiring after 31 …
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers
Insurance Journal | July 1, 2026
Ford’s AI Hiccups Lead Carmaker to Rehire ‘Gray Beard’ Engineers
Ford Motor Co. took an unusually human approach to fixing its stubborn quality problems: It brought back what it calls “gray beard” engineers to help train younger staff and to reprogram the artificial intelligence tools that weren’t getting the job …
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict
Insurance Journal | July 1, 2026
CIA Aims to Speed Up Tech Adoption as AI Is ‘Rewriting’ Conflict
CIA Director John Ratcliffe vowed to step up the agency’s efforts to deploy artificial intelligence and quantum computing, stressing that rapid developments in emerging technologies are changing the nature of geopolitics. In rare public remarks on Tuesday, Ratcliffe promised to …
The Lull Before the Storms: Businesses Should Test Hurricane Plans, Panel Says
Insurance Journal | July 1, 2026
The Lull Before the Storms: Businesses Should Test Hurricane Plans, Panel Says
The 2026 hurricane season may turn out to be a quiet one, as predicted by long-range forecasts this year. But that only means that businesses should have more time to review and rehearse their emergency plans before the next storm …