Airlines on Monday were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the U.S. attacked key Iranian nuclear sites and Tehran vowed to defend …
Category: Insurance Journal
U-Turning Oil Supertankers Cross Hormuz After Avoiding It
Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the past 24 hours. On Sunday, the Coswisdom Lake and South …
Canada Says Network Devices Compromised in China-Linked Hack
Canada’s cybersecurity agency said Chinese-backed hackers were likely behind recent malicious activity targeting domestic telecommunications infrastructure, warning that three network devices registered to a Canadian company were compromised in the attacks. The Canadian Centre for Cyber Security and the US …
Air India Crash Risks Fueling Up to 30% Jump in Insurance Premiums
Indian insurance policy sellers expect the cost of coverage for airlines to spike as much as 30% after the deadliest aviation crash in more than a decade. Sajja Praveen Chowdary, director at Indian broker Policybazaar, expects premiums for hull, war-risk, …
Kaya AI Launches to Transform ISO Class Code Classification for Insurance Brokers
Monrovia, CA., June 18, 2025 — Greenwood General Insurance today announced the official launch of Kaya AI, an artificial intelligence solution designed to streamline ISO class code classification for insurance brokers and underwriters. The tool addresses persistent industry challenges by …
Texas to Create Task Forces to Target Oil Field Thefts
At least three times a week, Darin Mitchell gets the call. Oil drums have been stolen. Copper wires were yanked. Other field equipment at an oil and gas facility was pilfered. The Winkler County Sheriff dispatches his officers to investigate, …
Tesla Launches Long-Promised Robotaxi Service for Select Riders
Tesla Inc. rolled out its long-awaited robotaxi service to a handful of users following almost a decade of hype from Elon Musk, kicking off a precarious new era for the carmaker. Several of the online influencers who were hand-picked for …
North Dakota Tornado Leaves 3 Dead as Powerful Storms Sweep Through Midwest
Powerful winds — including a tornado — that swept across parts of the upper Midwest left three people dead and a regional airport heavily damaged, while nearly 150 million Americans were under a heat advisory or warning as the weekend …
Walmart to Pay $10M to Settle FTC Lawsuit Over Money Transfer Fraud
Walmart has agreed to pay $10 million to settle a U.S. Federal Trade Commission civil lawsuit accusing the world’s largest retailer of ignoring warning signs that fraudsters used its money transfer services to fleece consumers out of hundreds of millions …
AT&T’s $177M Data Breach Settlement Wins US Court Approval
A U.S. judge granted preliminary approval on Friday to a $177-million settlement that resolves lawsuits against AT&T over breaches in 2024 that exposed personal information belonging to tens of millions of the telecom company’s customers. U.S. District Judge Ada Brown …