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Category: Insurance Journal

Barney Frank, Key Lawmaker During Financial Crisis, Dies at 86
Insurance Journal | May 20, 2026
Barney Frank, Key Lawmaker During Financial Crisis, Dies at 86
Barney Frank, the quick-witted Democratic congressman who found himself on the front lines of the government’s rescue of the American financial system in 2007 and 2008, has died. He was 86. He died on Tuesday at his home in Ogunquit, …
Murdaugh Sues Clerk Whose Actions Led to Overturning His Murder Conviction
Insurance Journal | May 20, 2026
Murdaugh Sues Clerk Whose Actions Led to Overturning His Murder Conviction
Alex Murdaugh has filed a lawsuit against the court clerk whose behavior during his murder trial led the South Carolina Supreme Court to overturn his convictions and life sentence for the deaths of his wife and son. The suit filed …
Iran Consolidating Control of Hormuz With Checkpoints, Vetting and Sometimes ‘Fees’
Insurance Journal | May 20, 2026
Iran Consolidating Control of Hormuz With Checkpoints, Vetting and Sometimes ‘Fees’
The tanker crew gathered their courage and carefully navigated along a route designated by Iran, hugging the coastline and maneuvering their hulking vessel between island checkpoints through the Strait of Hormuz. The 330-meter-long Agios Fanourios I, laden with Iraqi crude …
Arthur J. Gallagher’s RPS Acquires McKee Risk Management
Insurance Journal | May 20, 2026
Arthur J. Gallagher’s RPS Acquires McKee Risk Management
Risk Placement Services, Inc. (RPS) reports it has acquired McKee Risk Management, Inc., a King of Prussia, Pennsylvania-based program administrator. Terms of the transaction were not disclosed. McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services …
UPS Saw No Need for Changes After 2011 Boeing Defect Letter
Insurance Journal | May 20, 2026
UPS Saw No Need for Changes After 2011 Boeing Defect Letter
A US safety investigator said United Parcel Service Inc. decided not to take further action after reviewing a 2011 service letter from Boeing Co. that flagged failures of a key structural component in the type of plane that later crashed …
Virginia Governor Vetoes Bill to Allow Class Actions
Insurance Journal | May 20, 2026
Virginia Governor Vetoes Bill to Allow Class Actions
Virginia will remain as one of only two states where courts do not allow class actions. Gov. Abigail Spanberger, a Democrat, has vetoed a measure that would have initiated a procedure to allow class actions in state courts. The legislature …
Fears of Unfettered Hacking Spurred by Anthropic’s Mythos AI Model Overstated
Insurance Journal | May 20, 2026
Fears of Unfettered Hacking Spurred by Anthropic’s Mythos AI Model Overstated
Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release. The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every …
People Moves: Gallagher Appoints Practice Leaders From Assured Partners; Willis Makes Moves Across Corporate Risk & Broking North America Growth Leadership
Insurance Journal | May 20, 2026
People Moves: Gallagher Appoints Practice Leaders From Assured Partners; Willis Makes Moves Across Corporate Risk & Broking North America Growth Leadership
Gallagher Appoints Practice Leaders From Assured Partners Gallagher is expanding its US retail brokerage capabilities with the appointment of the new practice leaders. Alush Garzon, managing director, manufacturing, brings extensive experience developing comprehensive risk management programs for manufacturers and has …
United Arab Emirates’ Image as Middle Eastern Haven Is Tested by Iran War
Insurance Journal | May 20, 2026
United Arab Emirates’ Image as Middle Eastern Haven Is Tested by Iran War
The United Arab Emirates for decades has advertised itself as a haven for international business in a Middle East awash in violent upheaval. Those waves have now crashed into this nation, testing its economic model like never before. The UAE, …
Small Plane Crash Near Austin Caused by Inflight Breakup, Report Finds
Insurance Journal | May 20, 2026
Small Plane Crash Near Austin Caused by Inflight Breakup, Report Finds
The small plane that crashed while carrying four pickleball players to a tournament near Austin last month had problems with freezing instruments before it broke apart midair, according to a preliminary federal investigation report released Friday. The Cessna 421C took …