Insurance Journal News Feed

Insurance Journal news feed

1. Six Charged for Roles in ‘Smash-and-Grab’ Robberies of Jewelry Stores

   Six people have been charged for their alleged roles in “smash-and-grab” robberies targeting jewelry stores across New Jersey, U.S. Attorney Robert Frazer announced. According to prosecutors, masked and gloved perpetrators used crow bars and/or sledgehammers to smash the glass doors …

2. Google Accused of Overcharging 20 Million Consumers in UK Class Action

   Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million UK customers. The US giant’s 30% levy for digital purchases violated competition law and consumers affected …

3. Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise

   Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels. UK Maritime Trade Operations has reported nine attacks in …

4. Don’t Sweat the Heatwave, El Niño Is Cooking up Some Raucous Weather for California

   Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …

5. Volkswagen Sets Aside £725 Million for UK Car Finance Payout

   The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans. It’s the first time that Volkswagen Financial Services …