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For years, residents of this Southern California beach town could walk a mile along a stretch of cream-colored sand and dip their toes in the waves lapping ashore. That trip has been cut short. Coastal erosion has been eating away …

San Francisco-based Outmarket AI announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund. The funding comes months after the company …

The owner of a high-end car rental company has been sentenced to four years in state prison for insurance fraud involving a staged car crash and fraudulent insurance claim. Bozena A. Kolc of Edgewater was also ordered to pay approximately …

A federal judge has ruled that the Connecticut town of East Haven is not entitled to insurance coverage for a civil lawsuit and $11 million judgment against it regarding the closure of a local quarry in 2017 for political reasons. …

A pilot of a jet carrying more than 170 passengers to Tel Aviv stabbed his colleague and tried to crash the plane in what Israeli Prime Minister Benjamin Netanyahu branded a serious security incident. Catastrophe was narrowly avoided after a …

This edition of International People Moves details appointments at Howden Re and the re/insurance broker Cogent. A summary of these new hires follows here. Howden Re Launches Danish Office, Naming Ellborg as MD Howden Re, the London-based reinsurance unit of …

Ken Griffin has spent years trying to reshape Miami from a playground for the world’s wealthy into a high-finance and technology hub. That effort has largely centered on the city’s burgeoning Brickell financial district, where Griffin is constructing a headquarters …

The Bank of England on Wednesday warned of an increase in the risk that interconnected weaknesses in the financial system will crystallize, highlighting the re-escalation of the conflict in Iran and increased AI-related debt issuance. Rises in oil and gas …

The Hartford President A. Morris “Mo” Tooker is to succeed Christopher Swift as CEO in March 2027. Swift will transition to the role of executive chair of the board after nearly 13 years as CEO. Tooker will join the board, …

American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, …

Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If …

A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck …

Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over …

World Insurance Associates LLC announced that it acquired the business of Arctic Risk Specialists (ARS) of Toms River, New Jersey on June 1, 2026. ARS Group was founded in 2014 by Thomas Nastasi. The group provides commercial insurance, specializing in …

On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …

Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …

A McKinsey & Co. senior partner’s online comments questioning some challenges that women leaders face in the workplace have prompted a rebuke from his employer. McKinsey said it was “disappointed” and doesn’t endorse the remarks made by Australia-based senior partner …

Police in the Netherlands have arrested a Dutch man on suspicion of cybercrime-related activities, according to the person’s employer and other people familiar with the matter. Pepijn van der Stap, 24, was arrested earlier this month and charged with involvement …

Politicians and judges are increasingly attempting to shut down press freedoms in Mexico, raising concerns among journalism watchdog groups. In 2025, a new lawsuit against journalists or media outlets was filed every six days in Mexico, 69 cases in total, …

UK counterterror police investigating an incident at an airbase used by the US to launch strikes in Iran said they found fuel, but no explosives at the scene. “No improvised explosive devices were found,” Laurence Taylor, head of the UK’s …