Insurance Journal

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Walmart Boosts Drone Deliveries in SE in Effort to Speed Up Orders

2 days ago | insurancejournal.com | Jaewon Kang

Walmart Inc. is adding drone delivery in five new cities in a bid to expand online sales and get goods to shoppers faster. The world’s largest retailer will start offering drone service at 100 stores across Charlotte, North Carolina; Tampa, Florida; Atlanta; Houston and Orlando, building on existing operations in northwest Arkansas and Dallas-Fort Worth. Walmart said it’s the first retailer to scale drone delivery in five states.
After $66M Florida Boat Crash Award, Judge Says TPA Can’t Halt Claims Adjustments

2 days ago | insurancejournal.com | William Rabb

South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the “Shark Tank” TV show in 2019. Hirschorn died in 2021 when a 38-foot Chris Craft boat collided with the hoverboard watercraft he was riding in Biscayne Bay. His widow was awarded $66 million in arbitration, from the boat owner and operator.
Trump Administration Targets Connecticut Town Over Transgender Athlete Policies

2 days ago | insurancejournal.com | Susan Haigh

A school system in Connecticut that’s at the center of an ongoing legal fight over allowing transgender student athletes to participate in competitive girls’ sports is being investigated by the Trump administration, the U.S. Department of Education confirmed Tuesday, adding a new flashpoint in the national debate over trans girls’ participation in youth sports.
AI’s Need for Power Spurs Return of Dirty Gas Turbines

3 days ago | insurancejournal.com | Naureen Malik |Josh Saul

If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta Platforms Inc., which Tuesday announced a 20-year deal to buy electricity from an Illinois nuclear plant, Stargate is relying on a technology that’s largely been relegated to the sidelines of power production: small, single cycle natural gas turbines.
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat

3 days ago | insurancejournal.com | Danielle Moran

BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage more than $300 billion of assets — will be allowed to purchase BlackRock shares, invest in its exchange-traded funds and hire the firm for advice and risk management.
Bernie Madoff Customers to Recoup $498M, Payout Tops $15B

3 days ago | insurancejournal.com | Jonathan Stempel

Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Luxembourg Investment Fund U.S. Equity Plus had invested exclusively with Bernard L. Madoff Investment Securities for three years before Madoff’s firm collapsed in December 2008.
TN Metal-Treating Firm Failed to Learn from Previous Incidents, Safety Board Says

4 days ago | insurancejournal.com | William Rabb

A French-owned metal-treating company in Tennessee failed to utilize safety management and failed to implement lessons learned from previous incidents before a 2024 explosion that killed one worker and heavily damaged the site, the U.S. Chemical Safety and Hazard Investigation Board said in its final report on the accident.
Colossal Cloud of Sahara Dust en Route to Texas, Florida

4 days ago | insurancejournal.com | Danica Coto

A massive cloud of dust from the Sahara Desert blanketed most of the Caribbean on Monday in the biggest event of its kind this year as it heads toward the United States. The cloud extended some 2,000 miles (3,200 kilometers) from Jamaica to well past Barbados in the eastern Caribbean, and some 750 miles (1,200 kilometers) from the Turks and Caicos Islands in the northern Caribbean down south to Trinidad and Tobago. “It’s very impressive,” said Alex DaSilva, lead hurricane expert with AccuWeather.
AI’s Urgent Need for Power Spurs Return of Dirtier Gas Turbines

4 days ago | insurancejournal.com | Naureen Malik |Josh Saul

If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta Platforms Inc., which Tuesday announced a 20-year deal to buy electricity from an Illinois nuclear plant, Stargate is relying on a technology that’s largely been relegated to the sidelines of power production: small, single cycle natural gas turbines.
EU Sees Progress in US Talks Despite Trump’s Steel Tariff Hike

4 days ago | insurancejournal.com | William Horobin

The European Union and the US are headed in the “right direction” in trade talks, though new American levies on steel and aluminum imports aren’t helpful if both sides want to maintain momentum, Maros Sefcovic said after meeting with US Trade Representative Jamieson Greer. “Our goal is to maintain the momentum,” the EU trade commissioner told reporters Wednesday in Paris, where he’s attending a conference at the Organization for Economic Cooperation and Development.