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Tag: insurance-journal

US Fund Accuses Radiant World of Fraud in Swiss Complaint
Insurance Journal | October 1, 2026
US Fund Accuses Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial …
Wisconsin Manufacturer Settles Religious Accommodation Request
Insurance Journal | October 1, 2026
Wisconsin Manufacturer Settles Religious Accommodation Request
Generac Power Systems, a Wisconsin generator manufacturer, reached an agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve for monetary and injunctive relief a religious accommodation charge involving an employee’s request to use biological pronouns for another employee, …
Illinois Governor Creates Cabinet to Explore AI Regulation
Insurance Journal | October 1, 2026
Illinois Governor Creates Cabinet to Explore AI Regulation
Gov. JB Pritzker is setting up a new group within state government to explore more regulations for artificial intelligence as calls grow across the country for new restrictions. Pritzker signed an executive order lsat week to establish an AI Cabinet …
Texas Stock Exchange Raises $155 Million After First Listings
Insurance Journal | October 1, 2026
Texas Stock Exchange Raises $155 Million After First Listings
The parent company of the Texas Stock Exchange raised $155 million in a third funding round, bolstering its financial firepower as it challenges the New York Stock Exchange and the Nasdaq for equities listings. TXSE Group Inc.’s existing shareholders are …
Seven Indicted in Louisiana Arson Scheme to Defraud Insurers
Insurance Journal | October 1, 2026
Seven Indicted in Louisiana Arson Scheme to Defraud Insurers
Seven people were indicted this week in a years long arson-related insurance fraud scheme involving fires set intentionally in Monroe, Louisiana. The U.S. Attorney’s Office in the Western District of Louisiana alleges that between 2019-2026, the defendants rented homes, obtained …
Bayer Faces Trial Test of Remaining Roundup Claims After Supreme Court Win
Insurance Journal | October 1, 2026
Bayer Faces Trial Test of Remaining Roundup Claims After Supreme Court Win
Attorneys for three cancer patients told a Missouri jury on Sept. 29 that Bayer’s Monsanto unit failed to adequately test its Roundup weedkiller before selling it, starting a trial that could help determine the viability of some Roundup lawsuits after …
China Has an 18-Wheel Answer to Soaring Global Diesel Prices
Insurance Journal | October 1, 2026
China Has an 18-Wheel Answer to Soaring Global Diesel Prices
As Qu Shaolong pulls his electric truck into one of the many charging stations that dot the Chinese coal hub of Yulin, the latest phase in the country’s energy transition is playing out in real time. The roads in this …
Takeaways From AP Analysis on the Flaws in National Flood Insurance
Insurance Journal | October 1, 2026
Takeaways From AP Analysis on the Flaws in National Flood Insurance
The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal …
AXA XL Launches Insurance Company, AXA XL E&S
Insurance Journal | October 1, 2026
AXA XL Launches Insurance Company, AXA XL E&S
AXA XL said it launched AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S), dedicated to exclusively serve wholesale brokers. This strategic move enhances AXA XL’s underwriting focus and capabilities within the Excess & Surplus (E&S) insurance market. …
Passengers Avert Crash Tackling Pilot Who Stabbed Colleague
Insurance Journal | September 30, 2026
Passengers Avert Crash Tackling Pilot Who Stabbed Colleague
A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. Catastrophe was narrowly avoided after a …