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News Archives - Insurance Journal

Amazon Sued by Australian Consumer Watchdog Over Prime Video Ads
Amazon.com Inc. has been sued by Australia’s consumer watchdog for introducing advertising to its Prime Video streaming service and then forcing existing subscribers to pay more to avoid the ads. The Australian Competition & Consumer Commission said Tuesday it has …

POSTED JUNE 30, 2026 12:27 PM
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test
Hyperscale data center campuses represent the latest growth opportunity for the global re/insurance industry. Annual investment in these specialized facilities will likely surpass $300 billion by 2027 and the total insurable asset base for the roughly 11,000 data centers currently …

POSTED JUNE 30, 2026 11:38 AM
It’s a Sweltering Summer. Can We Finally Wear Shorts to Work?
Last week, as temperatures in Europe soared and France recorded its highest-ever average temperature, Bloomberg conducted a poll of its clients — including traders, portfolio managers and strategists. The question was simple, but important: Is it ever appropriate to wear …

POSTED JUNE 30, 2026 10:30 AM
Apple iPhone 18 Pro Supplier List, Parts and Photos Exposed in Tata Data Leak
Sensitive lists of components and suppliers, and photos of Apple’s upcoming iPhone 18 Pro models are part of files posted on the dark web by the ransomware group that stole data from the U.S. firm’s Indian supplier Tata Electronics, according …

POSTED JUNE 30, 2026 9:42 AM
Iran Ratchets Up Talk of Controlling Hormuz Before New Talks
Iran reiterated its determination to control maritime traffic through the Strait of Hormuz, raising the stakes ahead of fresh talks in Qatar on formally ending its war with the US. Speaking to state television, Deputy Foreign Minister Kazem Gharibabadi said …

POSTED JUNE 30, 2026 9:22 AM
Texas Reaches $34M Settlement With AstraZeneca for Illegal Kickback Scheme
Texas Attorney General Ken Paxton secured a settlement with AstraZeneca Pharmaceuticals to resolve claims that the company engaged in an illegal kickback scheme that improperly influenced prescriptions paid for by Texas Medicaid. Under the settlement, the company will pay nearly …

POSTED JUNE 30, 2026 7:00 AM
Arthur J. Gallagher & Co. Acquires Cincinnati Benefit Solutions
Arthur J. Gallagher & Co. announced the acquisition of Ohio-based Cincinnati Benefit Solutions. Terms of the transaction were not disclosed. Cincinnati Benefit Solutions provides employee benefits services for small businesses in Cincinnati and nearby areas. Drew Locaputo and the Cincinnati …

POSTED JUNE 30, 2026 7:00 AM
DOJ Closes Criminal Probe Into Abbott Over Baby Formula Plant, WSJ Reports
The U.S. Justice Department closed a criminal probe into Abbott Laboratories over its handling of a baby formula plant linked to potentially deadly bacteria and infant deaths, opting instead for civil penalties, the Wall Street Journal reported on Sunday. Reuters …

POSTED JUNE 30, 2026 5:47 AM
Proxy Advisers Notch Third Legal Win Staving Off Republican ‘Anti-ESG’ Rules
A federal judge late on June 26 granted a preliminary injunction blocking an Indiana law requiring new disclosures from proxy advisers, marking a third legal victory for Institutional Shareholder Services and Glass Lewis against restrictions backed by Republican lawmakers. The …

POSTED JUNE 30, 2026 5:22 AM
AssuranceAmerica Suffers Third-Party Data Breach, Customer Data Exposed
About three months after it detected suspicious activity within its network systems, AssuranceAmerica has started alerting consumers. The Atlanta-based managing general agency with about 9,500 agents selling personal auto, renters, and commercial auto policies in 14 states, said on March …

POSTED JUNE 30, 2026 5:20 AM

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