National News

US Treasury Says It Was Breached by Chinese-Backed Hacker

The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday. Treasury described the intrusion as a “major cybersecurity incident,” since it was …

Trump Fails to Win New Trial in E. Jean Carroll Sex-Abuse Case

A federal appeals court denied Donald Trump’s request for a new trial in New York writer E. Jean Carroll’s sexual abuse lawsuit, dealing a blow to the president-elect as he seeks to put his legal woes behind him before taking …

Top National Insurance Journal Stories of 2024

The three largest insurance brokers each announced or closed multi-billion-dollar acquisitions in 2024. The topic was one of many in which readers of Insurance Journal kept a close eye this year. Also the last 12 months saw difficulties in the …

Generative AI: A Double Agent Serving Good and Evil in the World of Claims

Claims professionals need to adapt to the AI evolution at a fast pace as the same technologies used to fight claims fraud are also being used to perpetuate it, according to experts. “It’s truly become an arms race,” said Shane …

AT&T, Verizon Say Networks Now Clear After Salt Typhoon Hack

AT&T Inc. and Verizon Communications Inc. acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion. The hackers attempted to gain information about foreign intelligence, Dallas-based AT&T said …

When 2025 Arrives, So Will the End of the Amateur Athlete in College Sports

When the page turns on 2024, it will be time to say goodbye, once and for all, to the amateur athlete in college sports. In theory, the concept held on stubbornly via the quaint and now all-but-dead notion that student-athletes …

Though US Jobless Claims Slip, Numbers Point to Worker Scarcity

The number of Americans filing new applications for jobless benefits dipped to the lowest in a month last week, consistent with a cooling but still-healthy U.S. labor market that is likely to keep Federal Reserve officials from cutting interest rates …

Crum & Forster Sells Credit Insurance Division to Amynta

Insurer Crum & Forster, a subsidiary of Fairfax Financial Holdings Limited, has sold its C&F Credit Division to Amynta Group. The C&F Credit Division underwrites and manages credit insurance products, including mortgage credit and alternative credit risk solutions, primarily for …

FDA Proposes Standardized Testing of Talc Cosmetics to Identify Asbestos

The U.S. Food and Drug Administration (FDA) has unveiled a proposed rule to require standardized testing to detect asbestos in talc-containing cosmetic products. The FDA says the proposed rule, if finalized, would help protect consumers who use talc-containing cosmetic products …

A Look at the $100B Disaster Relief in the Government Spending Bill

Congress is allocating more than $100 billion in emergency aid designed to address extensive damage caused by disasters after this week’s scramble to find consensus on a government spending bill. The money comes after back-to-back hurricanes — Helene and Milton …

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