Amgen Settles Shareholder Lawsuit Claiming it Hid $10.7 Billion Tax Bill
Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …
Georgia DOI Set to Lower Exam Score Requirements if Agent Has Sponsor
Applicants hoping to become insurance agents in Georgia may soon be able to start work even if they don’t ace the license exam. The state Office of Commissioner of Insurance will hold a hearing next week on proposed changes to …
WVU Health Leadership Failed to Address Painkiller Thefts as Opioids Spread
WVU Health Systems knew for years that employees were stealing highly addictive drugs. A federal settlement shows the medical system didn’t take enough steps to report and stop the problem. Between 2017 and 2024, drugs were disappearing inside the WVU …
Trump Administration Probing Harvard’s Financial Aid for International Students
The Justice Department is investigating whether Harvard University is allowing Chinese donors to create scholarships that exclude American students, adding to the barrage of federal inquiries the Trump administration has opened in its battle against the Ivy League school. Justice …
Hybrids Boom as EVs Fall Out of Favor Even in California
In America’s EV stronghold, another type of vehicle is rapidly gaining ground. Hybrids accounted for almost one in every four automobiles registered in California in the second quarter, according to newly released data from the California New Car Dealers Association. …
Report: Arizona Vehicle Thefts Continued to Decline in First Half of Year
Arizona vehicle thefts continued to fall in the first half of 2026, down 24% in year-to-year thefts compared with the first half of 2025, the Arizona Automobile Theft Authority reported. AATA reported that for the first six months of 2026, …
Gallagher’s RPS Acquires W.N. Tuscano Agency, a Pennsylvania MGA
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Greensburg, Pennsylvania-based W.N. Tuscano Agency, Inc. Tuscano is a managing general agency (MGA) and wholesale insurance broker …
Texas Heat Wave Collides With Tropical Storm Bertha
Texas and Louisiana are facing a dangerous combination of stormy weather and extreme temperatures as Tropical Storm Bertha sweeps across the Gulf Coast during a heat wave. Bertha is expected to bring a life-threatening storm surge and as much as …
People Moves: Liberty Mutual Re Names Spurgeon as Global Head of Cyber Reinsurance; Tokio Marine HCC Promotes Dagdelen as Head of Cyber – International
This edition of International People Moves details cyber appointments at Liberty Mutual Reinsurance and Tokio Marine. A summary of these new hires follows here. Liberty Mutual Re Names Spurgeon as Global Head of Cyber Reinsurance Liberty Mutual Reinsurance Group (LM …
Former Arch Execs Grandisson, Gansberg Named Vantage Chair, CEO; Best Comments
Howard Hughes Holdings Inc., the new parent company of Vantage Group Holdings Ltd., announced that Marc Grandisson has been named executive chairman of Vantage, effective immediately. At the same time, David Gansberg was appointed as CEO designate – a role …
New York City Braces for Heavy Rain Tuesday After Weekend Floods
Flooding rain is set to make a return to New York and New Jersey Tuesday, days after a weekend storm blocked city streets and forced pedestrians to wade through thigh-high water in some areas. Up to four inches (10 centimeters) …
Aon Ups Data Center Lifecycle Program Capacity Again: Now $5B
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1.5 billion, increasing the program’s first-party coverage capacity to $5.0 billion. In addition, Aon is offering integrated risk solutions that support digital infrastructure assets from …
Nominate Your Agency as a Best Agency to Work For
Once again, Insurance Journal is seeking the best retail insurance agencies to recognize for the annual Best Agencies to Work For awards. Does your retail insurance agency stand out as a great place to work? Does it foster a strong …
Former Italian Motorway Boss Among 32 Convicted Over 2018’s Genoa Bridge Tragedy
The former head of Italian motorway operator Autostrade per l’Italia was sentenced to 12 years in prison on Thursday [July 16] for his role in a disaster that killed 43 people when a bridge collapsed near the city of Genoa …
FDA Walks Back Positive Lab Test in Lettuce Cyclospora Outbreak
The Food and Drug Administration on Sunday withdrew an earlier positive test that had tied Taylor Farms’ lettuce to the cyclospora outbreak, even as health officials said the supplier remains a focus of their investigation. The false positive doesn’t change …
NYC Reports 3 Deaths From Legionnaires’ Disease; Cooling Tower Cleaning Underway
New York City officials are reporting that three people have died and eight people are currently hospitalized due to the outbreak of Legionnaires’ disease on the Upper East Side. More than 60 cases have been reported since the first cases …
License Pulled for Utah Boarding School Where Paris Hilton Says She Was Abused
Utah revoked another campus license on Friday for the boarding school where Paris Hilton said she was abused as a teenager, marking a major victory in the hotel heiress’ yearslong effort to get the school shut down. The Utah Department …
Texas Hill Country Floods Test New Warning Systems After Last Year’s Deadly Disaster
After deadly floods killed more than 100 people in Texas’ Hill Country last July, officials vowed major changes in hopes of preventing the failures that contributed to the high death toll. They promised better flood warning systems, tighter safety rules …
Yemen’s Houthis to Impose Maritime Blockade on Saudi Arabia
The Houthis, an Iran-backed Yemeni group, said they would impose a maritime blockade on Saudi Arabia, putting at risk the flow of millions of barrels that the kingdom exports via the Red Sea. The blockade is in response to what …
Profitable 2025 Masks Challenges for Global Insurers, Says Bain & Company
Global insurance companies had a strong 2025 with improved profitability and premium growth but new research from Bain & Company warns insurers to “enjoy it while you can.” “Insurers should enjoy today’s momentum – but they should not mistake it …
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