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Tag: insurance-journal

Ohio Engineering Firm Penalized for 401(k) Plan Breach
Insurance Journal | January 20, 2026
Ohio Engineering Firm Penalized for 401(k) Plan Breach
A federal court has ordered a Cincinnati, Ohio civil engineering firm and its owner to pay $45,699.63 to employee accounts in the company’s 401(k) plan after the U.S. Department of Labor found the company violated federal employee benefits law. The …
Michigan Bulletin Provides Guidance for AI Use in Financial Services
Insurance Journal | January 20, 2026
Michigan Bulletin Provides Guidance for AI Use in Financial Services
The Michigan Department of Insurance and Financial Services issued a bulletin to provide guidance to financial service providers on the use of artificial intelligence. The bulletin says that financial service providers including insurers are expected to develop, implement, and maintain …
Texas Forecast to be Top Market for Data Centers
Insurance Journal | January 20, 2026
Texas Forecast to be Top Market for Data Centers
Texas is poised to become the largest home for data centers in the country within the next three years as artificial intelligence continues to boom, according to a report published Tuesday. Bloom Energy, a California-based company that provides onsite power …
Edison Sues LA County Over Fire Deaths for Delayed Alerts
Insurance Journal | January 20, 2026
Edison Sues LA County Over Fire Deaths for Delayed Alerts
Edison International sued Los Angeles County and other public agencies for allegedly failing to ensure timely evacuation alerts that the company says could have saved most of the 19 people who died in a massive wildfire last year. If the …
10,000 Travelers Employees Get AI Assistants Via Anthropic Partnership
Insurance Journal | January 20, 2026
10,000 Travelers Employees Get AI Assistants Via Anthropic Partnership
Nearly 10,000 engineers, data scientists, analysts and product owners at Travelers are being empowered with personalized AI assistants, Travelers announced in mid-January. In a joint announcement with Anthropic, the two firms announced a partnership aimed at expanding Travelers AI-enabled engineering …
Former County Employee Pleads Guilty to Embezzling From Labor Union
Insurance Journal | January 20, 2026
Former County Employee Pleads Guilty to Embezzling From Labor Union
A former Massachusetts county employee pleaded guilty yesterday in federal court in Boston to embezzling from a Barnstable County employee labor union. Kenneth Mattoon, of West Yarmouth, pleaded guilty to embezzlement of labor union assets. According to prosecutors, Mattoon admitted …
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
Insurance Journal | January 20, 2026
Insurance Regulators, Trades Get Behind Latest Effort to Abolish FIO
The nation’s insurance commissioners and industry trade associations are looking to support efforts to put the Federal Insurance Office (FIO) back on the chopping block. Late last week, Rep. Troy Downing, R-Mont., introduced the McCarran-Ferguson Restoration Act to eliminate the …
Dozens Killed After High-Speed Train Derails in Spain
Insurance Journal | January 20, 2026
Dozens Killed After High-Speed Train Derails in Spain
More than three dozen people died in Spain after a high-speed train derailed and hit another coming from the opposite direction. Prime Minister Pedro Sánchez canceled his trip to Davos and declared three days of mourning. The last two carriages …
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers say
Insurance Journal | January 20, 2026
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers say
Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilizing markets, a cross‑party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach. In …
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse
Insurance Journal | January 20, 2026
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse
BHP was on Monday refused permission to appeal against a ruling that it is liable for the 2015 collapse of a dam in southeastern Brazil, in a London lawsuit potentially worth tens of billions of pounds. In November, London’s High …