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Tag: insurance-journal

As Hurricane Season Picks Up, Key Forecasting Tool Access Set to End
Insurance Journal | June 30, 2025
As Hurricane Season Picks Up, Key Forecasting Tool Access Set to End
US National Hurricane Center (NHC) forecasters accurately predicted Hurricane Erick would explode in intensity as it hit Mexico’s Pacific coastline. Now, key tools that helped inform that outlook will go away by the end of this month, and it’s unclear …
Tech Firms Warn ‘Scattered Spider’ Hacks Are Targeting Aviation Sector
Insurance Journal | June 30, 2025
Tech Firms Warn ‘Scattered Spider’ Hacks Are Targeting Aviation Sector
Tech companies Google and Palo Alto Networks are sounding the alarm over the “Scattered Spider” hacking group’s interest in the aviation sector. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto’s cybersecurity-focused Unit 42, …
GM Wins Victory as Appeals Court Decertifies Transmission Lawsuits
Insurance Journal | June 30, 2025
GM Wins Victory as Appeals Court Decertifies Transmission Lawsuits
General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit …
Investigation Into Florida Condo Collapse is Expected to Finish in 2026
Insurance Journal | June 30, 2025
Investigation Into Florida Condo Collapse is Expected to Finish in 2026
More than four years after a Florida condominium collapse killed 98 people, federal investigators have yet to make a final determination of the cause — but they do have some leading theories. The National Institute of Standards and Technology, the …
Erie Insurance Restores Online Access for Customers; Still Working on Other Systems
Insurance Journal | June 29, 2025
Erie Insurance Restores Online Access for Customers; Still Working on Other Systems
Erie Insurance has reported that online account access for customers including bill pay has been restored in the latest update on its recovery from its network outage. The insurer said the network and system outage it initiated on June 7 …
Michigan Paper Manufacturer Agrees to $300K Settlement Over PFAS Contamination
Insurance Journal | June 27, 2025
Michigan Paper Manufacturer Agrees to $300K Settlement Over PFAS Contamination
Michigan Attorney General Dana Nessel announced a settlement agreement with Domtar Industries, LLC and E.B. Eddy Paper, Inc. (together, Domtar) to address releases of per- and polyfluoroalkyl substances (PFAS) at the Techni-Comp, Inc. composting site near Port Huron. Nessel filed …
Search Ends for 1950 Lake Michigan Plane Crash That Killed 58 People
Insurance Journal | June 27, 2025
Search Ends for 1950 Lake Michigan Plane Crash That Killed 58 People
A group is ending a 20-year search for a plane that crashed into Lake Michigan in 1950, killing all 58 people on board, after sweeping the vast body of water using sonar technology and even getting support from an acclaimed …
Triple-I Says Payments on Lightning Claims Dropped 16.5% in 2024
Insurance Journal | June 27, 2025
Triple-I Says Payments on Lightning Claims Dropped 16.5% in 2024
Insurers in the U.S. paid out about $1 billion in claims for lightning-related damage in 2024, down 16.5% from the amount paid in 2023, according to the Insurance Information Institute (Triple-I). The tally was $1.04 billion in 2024 compared to …
US Supreme Court Lets Fuel Producers Challenge California Emissions Standards
Insurance Journal | June 20, 2025
US Supreme Court Lets Fuel Producers Challenge California Emissions Standards
The U.S. Supreme Court sided on Friday with fuel producers that had opposed California’s standards for vehicle emissions and electric cars under a federal air pollution law, agreeing that their legal challenge to the mandates should not have been dismissed. …
Foundational, Leadership-Driven Education High Priority in Insurance
Insurance Journal | June 20, 2025
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group’s annual Skills Report. Risk assessment, coverage analysis, and insurance operations education were among the top courses chosen by industry professionals. Based on …