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Strengthen Oklahoma Homes Grant Program Completes 100th Home
Insurance Journal | December 9, 2025
Strengthen Oklahoma Homes Grant Program Completes 100th Home
The Oklahoma Insurance Department (OID) announced the completion of the 100th home through its OKReady, Strengthen Oklahoma Homes (SOH) Program, a significant achievement in the state’s ongoing efforts to build stronger, safer, and more resilient communities and save homeowners money. …
Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds
Insurance Journal | December 9, 2025
Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds
A Baltimore County jury has found Michael C. Okolo, of Parkville, Maryland, guilty of two counts of insurance fraud and one count of obstruction of justice. According to Maryland Attorney General Anthony G. Brown Okolo was found to have twice …
Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge
Insurance Journal | December 9, 2025
Trump Ban on Wind Energy Projects Ruled Illegal by Federal Judge
Less than a year after President Donald Trump banned new wind projects, a federal judge ruled the president’s executive order was illegal. US District Judge Patti Saris said Monday the order is “arbitrary and capricious and contrary to law,” siding …
South Korean Police Probe Massive Data Leak at E-Commerce Giant Coupang
Insurance Journal | December 1, 2025
South Korean Police Probe Massive Data Leak at E-Commerce Giant Coupang
South Korean police said on Monday they were tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country’s worst data breach in over a decade. Shares of the company fell 6.5% in …
Missouri AG Secures $60K Restitution Judgment in Roofing Fraud Case
Insurance Journal | December 1, 2025
Missouri AG Secures $60K Restitution Judgment in Roofing Fraud Case
Missouri Attorney General Catherine Hanaway announced last month that her office obtained a final consent judgment and permanent injunction against Xcel Roofing of Kansas City, LLC, and its owner, James Patrick Harding, for defrauding Greene County consumers out of thousands …
Third Russia-Linked Oil Tanker Suffers Explosions at Sea
Insurance Journal | December 1, 2025
Third Russia-Linked Oil Tanker Suffers Explosions at Sea
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days. Seawater entered the engine room of the Mersin, Besiktas …
Foundation Firmed: AM Best Switches View of US Homeowners Insurers to Stable
Insurance Journal | December 1, 2025
Foundation Firmed: AM Best Switches View of US Homeowners Insurers to Stable
Insurers of U.S. homes have improved rate adequacy and catastrophe risk management, modified coverage, and benefitted from a softening reinsurance market to earn a change in AM Best’s outlook for the segment to stable from negative. A quiet hurricane season …
Shein Faces Texas Probe Over Alleged Violations of Labor Laws and Product Safety
Insurance Journal | December 1, 2025
Shein Faces Texas Probe Over Alleged Violations of Labor Laws and Product Safety
Texas Attorney General Ken Paxton said the state is investigating global fast-fashion retailer Shein US Services LLC Corporation and its affiliates for potential violations of Texas law related to unethical labor practices and the sale of unsafe consumer products. Shein, …
A 6.0-Magnitude Earthquake Hit Anchorage Area on Thanksgiving
Insurance Journal | December 1, 2025
A 6.0-Magnitude Earthquake Hit Anchorage Area on Thanksgiving
A 6.0-magnitude earthquake rocked the Anchorage metropolitan area Thursday morning, according to the U.S. Geological Survey. The quake struck at about 8:11 a.m. local time at a depth of 69 kilometers (43 miles), according to the USGS. Its epicenter was …
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners
Insurance Journal | December 1, 2025
How ‘Super Roofs’ Reward Insurers, Cat Bond Investors and Homeowners
As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there’s another way to fund disaster preparedness: a …