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Category: Insurance Journal

Bank of America Agrees to Pay $72.5M to Settle Epstein Accusers’ Lawsuit
Insurance Journal | March 30, 2026
Bank of America Agrees to Pay $72.5M to Settle Epstein Accusers’ Lawsuit
Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday. Lawyers for the bank and the women …
Lines Persist at Some Airports After Trump Signs TSA Pay Memo
Insurance Journal | March 30, 2026
Lines Persist at Some Airports After Trump Signs TSA Pay Memo
Several US airports advised travelers on Saturday to arrive at least four hours before their flights because of long security lines even after President Donald Trump said Transportation Security Administration workers would be paid by tapping funds from his 2025 …
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses
Insurance Journal | March 30, 2026
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses
Average cyber insurance claim severity for large accounts in the U.S. nearly doubled in 2025, according to a new Chubb report. The insurer’s 2026 Cyber Claims Report found that average severity for businesses with $1 billion or more in revenue …
Sarasota Homeowners Say Breach in County Dike Caused Flooding in Hurricane Debby
Insurance Journal | March 30, 2026
Sarasota Homeowners Say Breach in County Dike Caused Flooding in Hurricane Debby
More than 100 homeowners have charged in a lawsuit that officials in Sarasota County, Florida, failed to maintain a dike for years, allowing Hurricane Debby’s floodwaters to inundate homes throughout an upscale subdivision. “Engineering modeling analysis has confirmed that without …
Baseball Player Sues His Parents, Alleging They Are Misusing His Money
Insurance Journal | March 30, 2026
Baseball Player Sues His Parents, Alleging They Are Misusing His Money
Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their …
Ohio Contractor Sentenced to 17 Years in Prison on Fraud Charges
Insurance Journal | March 27, 2026
Ohio Contractor Sentenced to 17 Years in Prison on Fraud Charges
A pole barn contractor who defrauded consumers of more than $400,000 has been sentenced to at least 17 years in prison after being convicted of 47 felony counts, Ohio Attorney General Dave Yost announced this week.. This month, Marion resident …
Amid Drought, Corpus Christi Seeks Water From Privately Owned Plant
Insurance Journal | March 27, 2026
Amid Drought, Corpus Christi Seeks Water From Privately Owned Plant
Six months after scrapping their own seawater desalination plant project, Corpus Christi City Council voted Tuesday to consider an agreement with a private company to purchase water from its desalination plant to help stave off an impending water emergency. The …
People Moves: Marsh Risk Names Zafiriadis to Lead New Service Delivery Practice
Insurance Journal | March 27, 2026
People Moves: Marsh Risk Names Zafiriadis to Lead New Service Delivery Practice
Marsh names Zafiriadis Leader of new Service Delivery Practice, US and Canada, Marsh Risk Marsh, headquartered in New York City, appointed Katrina Zafiriadis as leader of its newly established service delivery practice (SDP), U.S. and Canada, Marsh Risk. Based in …
NHTSA Upgrades Probe into 3.2M Teslas Over Self-Driving Crashes
Insurance Journal | March 20, 2026
NHTSA Upgrades Probe into 3.2M Teslas Over Self-Driving Crashes
The National Highway Traffic Safety Administration on Thursday escalated its probe into 3.2 million Tesla vehicles with Full Self-Driving driver-assistance on concerns the system may fail to detect or warn drivers in poor visibility. NHTSA first opened a preliminary evaluation …
Oklahoma Insurance Producer Has License Revoked Following Investigation
Insurance Journal | March 20, 2026
Oklahoma Insurance Producer Has License Revoked Following Investigation
The Oklahoma Insurance Department (OID) announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, Oklahoma, following an investigation led by its Anti-Fraud Unit. On Feb. 11, 2026, a show-cause hearing was held …