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Tag: insurance-journal

Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders
Insurance Journal | March 30, 2026
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders
The U.S. Treasury Department is expected to convene in coming weeks the first of a series of meetings with domestic and international insurance regulators about recent developments in jittery private credit markets, two sources familiar with the plans told Reuters. …
Hawaii to Take Over Aging Dam After Failure Scare During Floods
Insurance Journal | March 30, 2026
Hawaii to Take Over Aging Dam After Failure Scare During Floods
A 120-year-old Hawaii dam that reached worrisome levels during heavy rains and devastating flooding, prompting thousands of residents to evacuate for fear of life-threatening failure last week, will soon be taken over by the state. The state’s land board on …
Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk
Insurance Journal | March 30, 2026
Toyota’s China JVs Recall 560,000 SUVs Over Seat Safety Risk
Toyota Motor Corp.’s Chinese joint ventures are recalling more than 560,000 sport utility vehicles to fix a defect in the second-row seats that could jeopardize passenger safety during a collision. From April 1, the Japanese carmaker and its local partner …
European Commission’s Data Stolen in Hack on AWS Account
Insurance Journal | March 30, 2026
European Commission’s Data Stolen in Hack on AWS Account
The European Commission was hit by a cyberattack that may have resulted in the theft of internal data, months after another incident potentially exposed some staff details. The European Union’s executive arm experienced a breach on March 24, a spokesman …
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War
Insurance Journal | March 30, 2026
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War
Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic victory — a tightening grip over …
Africa’s Biggest City Takes Out $7.5 Million Flood-Risk Policy
Insurance Journal | March 30, 2026
Africa’s Biggest City Takes Out $7.5 Million Flood-Risk Policy
Lagos, Nigeria’s commercial hub, has secured a $7.5 million flood insurance policy so some of its poorest residents can access relief when disaster strikes. The policy covers up to 4 million people in the coastal megacity, according to a statement …
Trump Unveils New Loan Guarantees for Beleaguered Farmers
Insurance Journal | March 30, 2026
Trump Unveils New Loan Guarantees for Beleaguered Farmers
President Donald Trump announced new loan guarantees for farmers and food suppliers, a bid to bolster US agricultural communities squeezed by the impact of the Iran war, tariffs and other challenges. Trump said the loan guarantees would cover farmers and …
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 …