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Category: Insurance Journal

‘Bomb Cyclone’ Pummels Sydney With Heavy Rains, Winds
Insurance Journal | July 1, 2025
‘Bomb Cyclone’ Pummels Sydney With Heavy Rains, Winds
A “bomb cyclone” has lashed Australia’s most populous state with heavy rain and strong winds, forcing airlines to cancel domestic flights and prompting evacuation warnings in coastal communities. Authorities on Tuesday warned that parts of New South Wales could also …
BNP Paribas Completes Acquisition of AXA’s Asset Management Unit
Insurance Journal | July 1, 2025
BNP Paribas Completes Acquisition of AXA’s Asset Management Unit
BNP Paribas SA has finalized its purchase of AXA SA’s investment unit, creating one of Europe’s largest asset managers. The newly formed business will have more than €1.5 trillion ($1.8 trillion) in assets under management, according to a release from …
India’s Sigachi Factory Fire Death Toll Rises to 39; Cause Still Unknown
Insurance Journal | July 1, 2025
India’s Sigachi Factory Fire Death Toll Rises to 39; Cause Still Unknown
HYDERABAD, India –– The death toll from the explosion and fire at Sigachi Industries’ chemical factory in southern India has risen to at least 39, officials said on Tuesday, forcing the supplier of pharma products to shut operations for 90 …
China Enlists Commercial Insurers in Bid to Boost Local Biotechs
Insurance Journal | July 1, 2025
China Enlists Commercial Insurers in Bid to Boost Local Biotechs
China wants commercial insurance firms to invest in the development of homegrown medicines, Beijing’s latest bid to support its burgeoning biotech and pharmaceutical sector. Commercial insurers have been encouraged to set up investment funds to provide long-term financing and “patience …
Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod
Insurance Journal | July 1, 2025
Aviva’s £3.7 Billion Direct Line Deal Gets UK Regulator’s Nod
Aviva Plc’s plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($5.09 billion) to create the UK’s largest motor insurer has been given the nod from the country’s competition regulator. The Competition and Markets Authority said in …
Supreme Court Seeks Justice Department Views on Bayer’s Roundup Appeal
Insurance Journal | July 1, 2025
Supreme Court Seeks Justice Department Views on Bayer’s Roundup Appeal
The U.S. Supreme Court asked President Donald Trump’s administration on Monday for its views on Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. Bayer has asked …
Insurance Fraud Charges Dropped for Former Alabama Congressional Aide
Insurance Journal | July 1, 2025
Insurance Fraud Charges Dropped for Former Alabama Congressional Aide
A former aide to an Alabama congressman, previously sentenced for health care fraud, has been cleared of insurance fraud and other charges related to claims made on her mother’s car in 2022. Sherry McCormick, who was a case worker and …
Apple Loses Bid to Dismiss Justice Department Antitrust Suit
Insurance Journal | July 1, 2025
Apple Loses Bid to Dismiss Justice Department Antitrust Suit
Apple Inc. lost its bid to throw out an antitrust case brought by the US Justice Department and a group of state attorneys general on Monday, a victory for the aggressive posture taken during the Biden administration and carried on …
Cal/OSHA Regulations Extended to Domestic Workers Starting July 1
Insurance Journal | July 1, 2025
Cal/OSHA Regulations Extended to Domestic Workers Starting July 1
Domestic workers employed by companies in California are now covered by state workplace safety and health laws under a new law that took effect today. Previously workplace safety and health laws did not cover individuals performing household domestic work. Starting …
Senate Debates Whether to Adopt Revised State AI Regulation Ban
Insurance Journal | June 30, 2025
Senate Debates Whether to Adopt Revised State AI Regulation Ban
Two key U.S. Republican senators agreed to a revised federal moratorium on state regulation of artificial intelligence to five years and allow states to adopt rules on child online safety and protecting artists’ image or likeliness. Senate Commerce Committee chair …