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News Archives - Insurance Journal

Some Gary, Indiana Residents Still Without Power Weeks After Storms
Things became all-too familiar for Kimya Williams after storms rumbled through Gary, Indiana, earlier this month leaving big chunks of the mostly-Black city in the dark for two weeks. The power outage reminded the 50-year-old of what she experienced in …

POSTED AUGUST 26, 2026 4:32 PM
Meta to Pay Texas $1 Billon in Child Safety Case
Social media giant Meta will pay over $1 billion to Texas and implement sweeping protections for children as part of a settlement with the state, Attorney General Ken Paxton announced Wednesday. The settlement comes as Meta, the company behind Facebook …

POSTED AUGUST 26, 2026 4:24 PM
Top Container Line Halts Russian Black Sea Service Due to Drones
The world’s top container shipper MSC Mediterranean Shipping Co. has suspended new bookings to and from Russia’s Novorossiysk port with immediate effect after one of its vessels was attacked by a drone. The decision follows a recent strike on the …

POSTED AUGUST 26, 2026 4:06 PM
Iran, Oman Agree to Share Strait of Hormuz Revenue
Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as the two sides push for a wider deal on the management of the crucial waterway. “Agreements have been reached regarding each country’s share of …

POSTED AUGUST 26, 2026 3:47 PM
PwC International Can’t Exit Evergrande Case, HK Court Rules
A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. from a multibillion-dollar lawsuit brought by China Evergrande liquidators against the firm and its Hong Kong and mainland Chinese affiliates. Deputy High Court Judge Patrick Fung said the evidence PwC …

POSTED AUGUST 26, 2026 3:27 PM
Large SC Restaurant Chain Pays $700,000 in Back Wages, Fines from DOL
A South Carolina restaurant chain has paid more than $718,000 in back wages and penalties after federal investigators found that the company had failed to pay overtime to workers and allowed managers to dip into the tip pool. Tropical Grille …

POSTED AUGUST 26, 2026 3:00 PM
Meta Agrees to Pay Up to $18 Billion Over Social Media Claims
Meta Platforms Inc. said it agreed to pay up to $18 billion in landmark settlements to resolve allegations from multiple US states that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. Key parts of …

POSTED AUGUST 26, 2026 1:59 PM
Alabama AG Launches Probe Into OpenAI After Hugging Face Breach
Alabama’s attorney general said the state had opened an investigation into OpenAI after its models hacked technology company Hugging Face last month, raising concerns about how artificial intelligence firms control their powerful systems. Here are a few details: Last week, …

POSTED AUGUST 26, 2026 1:49 PM
Plane Crashed on Second Attempt to Land in Heavy Fog in Alaska, Killing 8, Officials Say
A plane that crashed at a remote military site in western Alaska, killing all eight people on board, had been making its second runway approach in heavy fog when it lost contact, authorities said. The Cessna’s two pilots could not …

POSTED AUGUST 26, 2026 1:42 PM
Yale Police Officer Charged With Workers’ Compensation Fraud
A New Haven man has been arrested and charged with illegally collecting workers’ compensation benefits from the state while being employed as a campus police officer at the Yale University Police Department. According to the arrest warrant affidavit, in November …

POSTED AUGUST 26, 2026 1:25 PM

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