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Category: Insurance Journal

Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine
Insurance Journal | June 20, 2025
Rio Tinto Reaches $138.75M Settlement With Investors Over Mongolian Mine
Rio Tinto agreed to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia. A …
Iran Hijacking Home Security Cameras to Spy Within Israel
Insurance Journal | June 20, 2025
Iran Hijacking Home Security Cameras to Spy Within Israel
Iran is tapping into private security cameras in Israel to gather real-time intelligence about its adversary, exposing a recurrent problem with the devices that has emerged in other global conflicts. Earlier this week, after Iranian ballistic missiles tore through high-rise …
UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs
Insurance Journal | June 20, 2025
UK Car Theft Crisis Pits Manufacturers Against High-Tech Gangs
To the untrained eye, the red shipping container at Felixstowe looked no different to the thousands of others stacked up at Britain’s busiest seaport. Destined for Africa, its contents were listed as “household goods,” but to police officer Adam Gibson, …
Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
Insurance Journal | June 20, 2025
Oklahoma Workers’ Compensation Commission Votes to Reduce MITF Assessment
The Oklahoma Workers’ Compensation Commission announced that it voted this spring to reduce the Multiple Injury Trust Fund assessment on workers’ compensation coverage providers from 7% to 6.29%. This is the first reduction in five years, the WCC said. The …
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report
Insurance Journal | June 20, 2025
Toyota Files $361 Million South Africa Flood Damage Lawsuit: BD Report
Toyota Motors Corp. has brought a lawsuit for 6.5 billion rand ($361 million) in a South African court for 2022 flood damages that shuttered its plant near Durban, Business Day reported. The claim against Transnet SOC Ltd., the KwaZulu-Natal Department …
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Insurance Journal | June 20, 2025
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading unit. John …
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
Insurance Journal | June 20, 2025
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company announced this week. Calais Reciprocal Insurance Exchange is domiciled in Illinois and plans …
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 …