Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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World Extends Run of Heat Records for 11th Month in a Row

April was the Earth’s 11th consecutive month of record-breaking heat, with warmer weather already sweeping across Asia and a hotter-than-usual summer expected in Europe. The European Union’s Copernicus Climate Change Service said last month’s temperatures globally were 1.58C (2.8F) above …

Wed May 8, 2024 10:58
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits

Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes over who controls access to infrastructure in Yemeni waters. The Yemeni government has granted permits for the repair of two …

Wed May 8, 2024 10:58
Clergy Sexual Abuse Probe Targets New Orleans Catholic Church Leaders

NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crimes to …

Wed May 8, 2024 10:58
Company to Pay $650K Over Child Labor Violations at Meat Processing Facilities

DES MOINES, Iowa (AP) — A Tennessee-based sanitation company has agreed to pay more than half a million dollars after a federal investigation found it illegally hired at least two dozen children to clean dangerous meat processing facilities in Iowa …

Wed May 8, 2024 10:58
Cyber Startup Wiz Raises $1B in Private Funds, Valued at $12B

U.S.-Israeli cloud cybersecurity startup Wiz said on Tuesday it raised $1 billion in a private funding round that values the four-year old company at $12 billion. Wiz, which has raised $1.9 billion since its founding in 2020, said the funds …

Wed May 8, 2024 08:58
TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban

China-based ByteDance Ltd. made clear it won’t comply with a new US law requiring it to sell its popular TikTok video-sharing app, setting up what likely will be a prolonged court battle pitting free-speech rights against national-security interests that could …

Wed May 8, 2024 08:58

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