Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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Former Iowa Insurance Producer Sentenced for Wire Fraud and Money Laundering

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In addition to his prison sentence, …

Mon Oct 21, 2024 20:33
Texas Reaches $3.5M Settlement With Marriott Over Customer Data Breach

Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases. The breach exposed 131 million guest records pertaining to customers …

Mon Oct 21, 2024 20:33
Murdoch Firms Dow Jones and New York Post Sue Perplexity AI

Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the AI startup engages in a “massive amount of illegal copying” of their copyrighted work. Perplexity’s search tools enable users to …

Mon Oct 21, 2024 19:31
People Moves: Applied Underwriters Aerospace Names Parker Chairman

Applied Underwriters Aerospace, headquartered in Atlanta, has named Richard Parker as chairman of the Washington, D.C.-based group. Parker has over 35 years of experience in space insurance, satellite engineering and satellite and launch vehicle procurement. Before joining Applied Underwriters, he …

Mon Oct 21, 2024 19:31
Midwest Chicken Farmers Struggle to Feed Flocks After Closure of Producer

Dozens of farmers in Iowa, Minnesota and Wisconsin are scrambling to feed their flocks after a struggling organic broiler chicken producer abruptly closed a year after getting a $39 million federal loan. Pure Prairie Poultry shuttered its Charles City, Iowa, …

Mon Oct 21, 2024 19:31
Train Derails in South Louisiana, Causing Chemical Leak

DONALDSONVILLE, La. (AP) — Seventeen cars of a train derailed in south Louisiana on Friday, and several leaked a chemical used to sanitize swimming pools, but authorities said it was not a threat to the public. It was not immediately …

Mon Oct 21, 2024 19:31

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