Insurance Journal News Feed

Insurance Journal news feed

1. France Probes Weather Data Tampering After Surge in Polymarket Bets

   France’s forecasting office flagged suspected tampering with weather sensors at the country’s largest airport and referred the case to police, after detecting unusual readings alongside heavy betting on a popular prediction market. Automated temperature readings taken at Meteo France’s weather …

2. New Jersey Lawmakers Weigh Future of New Flood Rules

   A joint legislative panel took more than four hours of testimony on a proposal to rescind and amend controversial flood rules approved on Gov. Phil Murphy’s last day in office. The discussion was spurred by a resolution sponsored by Senate …

3. West Virginia Chemical Facility Reaction Kills 2, Injures 20

   Two workers were killed and 20 others, including first responders, were injured when a chemical reaction went awry at a silver recovery facility in West Virginia. The reaction and leak happened Wednesday at the Catalyst Refiners plant near Institute, about …

4. Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Insurance Risk

   A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers. Euler ILS Partners, an alternative investor formed …

5. PwC Pays $166 Million to Settle HK Evergrande Audit Probe

   PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …