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Category: Insurance Journal

Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
Insurance Journal | October 10, 2025
Ex-Insurance Agent Avoids Prison for Being ‘Model Cooperator’ in Menendez Case
Former New Jersey insurance agent Jose Uribe will not go to prison for his role in the bribery scheme involving former U.S. Senator Bob Menendez, the senator’s wife, and two other businessmen. U.S. District Judge Sidney Stein in New York …
Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
Insurance Journal | October 10, 2025
Wyoming Library Director Fired in Book Dispute Wins $700K Settlement
A former Wyoming library director who was fired amid an uproar over books with sexual content and LGBTQ+ themes that some people complained were inappropriate for youngsters and who sought their removal from youth shelves will be paid $700,000 after …
Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
Insurance Journal | October 10, 2025
Global Financial Watchdogs to Ramp Up Monitoring of Artificial Intelligence
Global financial regulators have laid out plans for closer monitoring of artificial intelligence risks as banks and other parts of the financial industry ramp up the use of AI. Banks have been broadly optimistic that AI will make them more …
Life-Threatening Heat Domes Are Confounding Forecasters
Insurance Journal | October 10, 2025
Life-Threatening Heat Domes Are Confounding Forecasters
Record-breaking temperatures seared the eastern US last month, leading to power emergencies across the region. The cause: an enormous ridge of high pressure that settled on the region, known as a heat dome. This phenomenon has also already struck Europe …
Explosion at Orange Site in Paris Injures Workers, Affects 80,000 Users
Insurance Journal | October 10, 2025
Explosion at Orange Site in Paris Injures Workers, Affects 80,000 Users
An explosion occurred at one of Orange’s technical sites in Paris on Thursday, injuring three workers, two critically, and disrupting communication services for 80,000 users, the district mayor said. The incident took place around 10 a.m. (0800 GMT) [on Oct. …
People Moves: Boxx Hires Leads for Distribution, Claims and Tech; XPT Specialty Hires Staver, Luceno to Personal Lines Team
Insurance Journal | October 10, 2025
People Moves: Boxx Hires Leads for Distribution, Claims and Tech; XPT Specialty Hires Staver, Luceno to Personal Lines Team
Boxx Hires Leads for Distribution, Claims and Tech Boxx Insurance, headquartered in Miami, Florida, appointed Joe Gates, Ray Moylan and Thomas Beale to new positions. Boxx appointed Gates head of distribution, central, where he manages access to Boxx’s all-in-one cyber …
Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
Insurance Journal | October 10, 2025
Survey Shows Homeowners Warming to DIY Digital Claims, Insurance Processes
Nearly 80% of U.S. homeowners would use their smartphones to document property damage for an insurance claim, according to a new survey that suggests self-service digital tools could play a larger role in future claims handling. The online survey of …
High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
Insurance Journal | October 10, 2025
High Demand for Gen AI Insurance; Buyers Say They’ll Pay More: Report
A new survey of corporate insurance buyers reveals widespread interest in buying insurance to cover Gen AI risks—and a willingness to pay up 10-20 percent more in organization-wide insurance premiums for the coverage. But the most willing buyers are those …
Microsoft Forecasts Show Data Center Crunch Persisting Into 2026
Insurance Journal | October 10, 2025
Microsoft Forecasts Show Data Center Crunch Persisting Into 2026
Microsoft Corp.’s data-center crunch will continue for longer than the company has previously outlined, underscoring the software giant’s struggles to keep up with cloud demand. Many of Microsoft’s US data center regions are experiencing shortages of physical space or servers, …
Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
Insurance Journal | October 10, 2025
Florida County Hit by 2024 Hurricanes Takes on Beach Restoration Without Fed Help
The white sandy beaches along a swath of Florida’s Gulf Coast were battered by three hurricanes last year, leading to a multimillion-dollar effort to repair a coastline that is the region’s economic engine. Crews are working with dredges, trucks and …