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Munich Re said it has investments of as much as €2.5 billion ($2.9 billion) in private credit, an asset class that has been facing fund redemptions and scrutiny of underwriting standards. Private credit “is about 1% of the asset portfolio …

Passengers from the Hondius cruise ship are being repatriated under a patchwork of measures that reflect uncertainty over how this strain of hantavirus spreads, complicating efforts to contain the deadly outbreak. Some passengers are being placed in biocontainment units, notably …

Cross-border insurance programs are both commercially attractive and operationally demanding. Acquiring new businesses, adding geographies, teams, products, lines of business, and partners is a real opportunity for growth. But most insurance platforms are traditionally optimized for local taxes, language, currency, …

Record-breaking heat and drought have fueled the world’s worst ever start to a wildfire year, as climate change and a developing El Niño threaten to push extreme weather to new heights. Over the first four months of this year, more …

Rufus French, a former NFL player who starred at Ole Miss, was sentenced last week to over 16 years in prison for orchestrating a years-long scheme to scam government agencies out of nearly $200 million by selling patient information and …

New Zealand’s government plans a law change to prevent private legal action against greenhouse gas emitters, arguing cases have created business uncertainty and deterred investment. The amendment will impact current and future proceedings before the courts, including a case brought …

Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the …

Netflix was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Texas said that for …

Iran says it’s deployed small submarines to act as an “invisible guardian” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the US. The Islamic Republic has at least 16 of the Ghadir-class midget …

A federal judge is asking for more information about a proposed settlement between Elon Musk and the US Securities and Exchange Commission, after the billionaire agreed to pay $1.5 million to end a lawsuit alleging he waited too long to …

The Trump administration asked the US trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues. In a 2-1 …

Across the insurance landscape, a familiar tension is playing out. Interest in captives and alternative risk solutions is rising, even as many small and mid-size businesses still miss the basics when premiums spike, disasters hit, or litigation arises. The result …

New York City’s Rent Guidelines Board voted to set a 0% to 2% range for rent increases for roughly one million stabilized apartments, putting Mayor Zohran Mamdani’s pledged freeze within reach. The nine-member panel approved the preliminary range for one-year …

Appealing to voters’ anxieties about the soaring cost of living is central to Democrats’ messaging in their hopes of big wins in this year’s midterm elections. In Oregon, a question on the primary ballot is complicating that strategy. The Democratic-controlled …

Connecticut has enacted legislation addressing wage theft in the building trades, job protections for services workers, and compensation for workers who are assaulted on the job, including nurses and teachers. The new law also requires employers to disclose position wage …

Insurance Journal’s Risky Future series is hosting the “AI Tools for Homeowners Data” Demo Day, a series of free AI tool demonstrations designed exclusively for home insurers. This event features property data platforms and AI tools designed to enhance homeowners …

A Frontier Airlines passenger jet struck and killed a pedestrian on a runway at Denver International Airport during a planned takeoff for Los Angeles late on Friday, the airport said in a statement. The Frontier flight reported striking an individual …

California’s Santa Clara County has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business practices laws. The lawsuit – filed Monday in Santa Clara County Superior …

Online fast-fashion platform Shein accused Temu of copyright infringement “on an industrial scale,” while Temu countered that Shein is using litigation to stifle competition, as a trial opened at London’s High Court on Monday. The case is part of a …

Hackers from a prominent cybercrime group used artificial intelligence to uncover a previously unknown software flaw and an exploit to take advantage of it for the first time, Alphabet’s Google said on Monday. The planned attack targeted a widely used …