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Category: Insurance Journal

Apple Ordered by UK to Build Backdoor to Access User Data
Insurance Journal | February 10, 2025
Apple Ordered by UK to Build Backdoor to Access User Data
The UK government has ordered Apple Inc. to build a backdoor to give it access to global user data, in a move that could spark one of the biggest privacy fights in the iPhone maker’s history. British authorities in an …
New York City Live Poultry Markets Ordered Shut Due to Avian Flu
Insurance Journal | February 10, 2025
New York City Live Poultry Markets Ordered Shut Due to Avian Flu
Live poultry markets in New York City raced to sell off all their chickens and other fowl Friday after seven cases of avian flu were detected and state officials ordered markets in the metropolitan area to close for a week. …
Tornadoes Kill 2, Injure 3 in East Tennessee, With Flooding in WV, Kentucky
Insurance Journal | February 10, 2025
Tornadoes Kill 2, Injure 3 in East Tennessee, With Flooding in WV, Kentucky
WARTBURG, Tenn. (AP) — Two tornadoes moved through eastern Tennessee, leaving a mother and daughter dead and injuring three other people, officials said Friday. A mother and daughter from the same household were killed when the storm passed through the …
US Companies Say ESG Rules Are a Serious Barrier to EU Trade
Insurance Journal | February 10, 2025
US Companies Say ESG Rules Are a Serious Barrier to EU Trade
US companies are adding their voice to the list of critics targeting ESG regulations in Europe. The American Chamber of Commerce to the European Union, whose members include Ford Motor Co., Exxon Mobil Corp. and Amazon.com Inc., is calling on …
SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff
Insurance Journal | February 10, 2025
SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff
A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities and Exchange Commission’s acting boss, Mark Uyeda, addressed staff in a packed auditorium at its Washington headquarters. In his opening …
Oil Executives Call for Cautious Return to Red Sea Navigation
Insurance Journal | February 10, 2025
Oil Executives Call for Cautious Return to Red Sea Navigation
Oil executives called on Thursday [Feb. 6] for a return to navigation through the Red Sea en route to the Suez Canal following a halt in attacks by Iran-backed Houthi rebels, but said firms were cautiously monitoring shipping conditions and …
China Frees Possible $27 Billion From Insurers to Buy Gold
Insurance Journal | February 10, 2025
China Frees Possible $27 Billion From Insurers to Buy Gold
A pilot program in China that allows insurers to buy gold for the first time could free up billions of dollars of investment in the metal, adding further impetus to a record-setting rally. Prices hit a fresh peak. Ten insurance …
China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers
Insurance Journal | February 10, 2025
China Asks Insurers to Manage Sufficient Capital and Liquidity Buffers
China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers. The guidelines asked insurers to formulate a concentration risk management strategy and mitigation mechanisms and …
Viewpoint: Early Executive Actions by Trump Portend a Major Contraction at OSHA
Insurance Journal | February 10, 2025
Viewpoint: Early Executive Actions by Trump Portend a Major Contraction at OSHA
President Trump was sworn in for a second term the morning of January 20, and he spent the rest of that day setting a record for the most ever Day 1 executive actions. Among those Day 1 executive actions (and …
NCDOI Fines UnitedHealthcare $3.4 Million Over Balance Billing of Insureds
Insurance Journal | February 10, 2025
NCDOI Fines UnitedHealthcare $3.4 Million Over Balance Billing of Insureds
UnitedHealthcare of North Carolina has agreed to pay a $3.4 million fine and take action to improve claims handling and prevent balance billing for out-of-network treatment after a state Department of Insurance investigation detailed multiple allegations. “Patients receiving emergency room …