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News Archives - Insurance Journal

EU Aims to Use Global Upheaval to Drive New Single Market Push
European Council President Antonio Costa said leaders are ready to make another push to unify their markets, arguing that a fracturing world order could force action on languishing reforms. “My feeling is there is a real commitment for all the …

POSTED FEBRUARY 11, 2026 12:22 PM
Estee Lauder Sues Walmart Over Alleged Counterfeit Fragrances
Estee Lauder sued Walmart in California federal court on Monday, accusing the retail giant of selling knockoffs of Estee Lauder fragrance and skin care brands including Clinique, Tom Ford and Le Labo. Estee Lauder said in the lawsuit that Walmart …

POSTED FEBRUARY 11, 2026 11:26 AM
South Korea Crypto Exchange Bithumb Says System Flaws Led to $40 Billion Error
South Korea’s Bithumb said on Wednesday that serious flaws had left the crypto exchange’s internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country’s second-largest virtual …

POSTED FEBRUARY 11, 2026 11:21 AM
Climate Change and Budget Cuts Fueled South American Blazes
Human-induced climate change, along with land-use shifts and budget cuts, likely worsened recent wildfires in Argentina and Chile that are threatening some of the world’s oldest trees, an analysis has found. These regions are now receiving 20% to 25% less …

POSTED FEBRUARY 11, 2026 11:07 AM
Canadian Airlines Suspend Cuba Flights as Island Set to Run Out of Jet Fuel
Canadian airlines on Monday suspended flights to Cuba, which warned it was running out of jet fuel, as the U.S. tightens its grip on the communist-run nation’s oil supply by blocking shipments from Venezuela. Air Canada, the country’s biggest carrier, …

POSTED FEBRUARY 11, 2026 10:00 AM
Acorn Owners Said to Weigh Options for £1 Billion UK Cab Insurer
The owners of British specialist motor and home insurer Acorn Group are exploring strategic options including selling a controlling stake in the company, according to people familiar with the matter. The London black cab insurer’s shareholders, which include Inflexion Private …

POSTED FEBRUARY 11, 2026 9:36 AM
Viewpoint: Why Unified Data, Not More Data, Will Decide Insurance’s Next Winners
The role of data across the insurance value chain has evolved noticeably. What was once used primarily for retrospective reporting is now becoming a source of real-time intelligence that shapes daily decision-making. This shift is being driven by three forces: …

POSTED FEBRUARY 11, 2026 6:10 AM
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch
Fitch Ratings said it does not expect autonomous vehicles (AVs) to “have any meaningful impact” on insurers in the next decade. Therefore, impacts to credit ratings will be modest. However, over time, the technology “will indelibly alter” the landscapes of …

POSTED FEBRUARY 11, 2026 6:02 AM
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation
The Trump administration’s imminent repeal of an Obama-era scientific finding that greenhouse gases pose a public health threat could open up a new pathway for filing lawsuits against power-plant operators and other companies. Legal experts said the policy reversal could …

POSTED FEBRUARY 11, 2026 6:00 AM
Injured Employee Loses Evidence Spoliation Bid Over Video Erased by Employer
A Virginia public school employee must proceed with his workers’ compensation claim appeal without the evidence of a video he believes shows how and when he was injured at work. His employer, the Newport News Public Schools, erased the video …

POSTED FEBRUARY 11, 2026 6:00 AM

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