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Vermont’s effort to make fossil fuel companies pay for damage caused by climate change was tested Monday in a federal courtroom, where the state argued that two lawsuits challenging its groundbreaking 2024 law should be thrown out. Vermont became the …

The recent escalation of the Middle East war introduces geopolitical instability with potential long-lasting effects on commodities, financing conditions, global supply chains, and macro-credit conditions depending on the duration and scale of the conflict. S&P Global Ratings’ base case for …

The Bank of England said on Wednesday that the Iran war had dealt “a substantial negative supply shock” to the world economy, increasing the danger that pre-existing threats to financial stability materialize. The BoE said the prospect of weaker growth …

Insurers including Chubb, Fidelis and Lloyd’s were granted permission on Tuesday to appeal against a London court ruling in favor of the world’s largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine. London’s High Court …

A venture-backed technology firm says it has built what it describes as the first U.S. insurance carrier designed to operate without human decision-making in its core functions, replacing traditional underwriting, agent interaction and claims adjudication with a unified artificial intelligence …

The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets. The data, intended to be collected at the ZIP code level, will help …

The companies that typically make up the backbone of the US initial public offering market are eyeing the Iran war for signs volatility could boil over and wreck their plans. For banks, there’s a ray of hope — that SpaceX’s …

Boating accidents in crowded Biscayne Bay near Miami have claimed the lives of two Floridians, including a Miami insurance agency customer representative and the CEO of a medical conference services firm. Multiple news sources reported that Davide Veglia, 55, of …

A Florida hospital has dropped its lawsuit seeking to evict a patient who refused to vacate a room for months after she was discharged because, the hospital said, she finally left. Tallahassee Memorial Hospital filed the lawsuit this month requesting …

It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …

The chief judge on Delaware’s corporate court said she will reassign three cases involving Elon Musk to avoid unnecessary media attention after the billionaire entrepreneur complained that her activity on social media had shown bias against him. Chancellor Kathaleen McCormick …

The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview on Bloomberg Televison. Houston-based oil driller Sable Offshore …

The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …

Farmers Insurance has announced a plan to grow its agency force over the next year, and expects to appoint nearly 1,700 new agency owners—one of the largest single-year expansions in Farmers’ history. The recruitment drive is aimed at fueling organic …

Five people were killed when a train and van collided in rural Mississippi, near Wiggins, authorities said. All five killed were in the van, Stone County Coroner Wayne Flurry said. The lone surviving van passenger, a 23-year-old woman, was flown …

A U.S. appeals court on Tuesday upheld a ruling by a lower court to approve the Justice Department decision to dismiss a criminal case against Boeing, which allowed the planemaker to avoid prosecution on a charge stemming from two fatal …

Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. An unknown hacker was able to breach one of the few accounts that can release new versions …

Orlando-based Hatcher Insurance Group, part of Unison Risk Advisors for almost a year, has expanded its employee benefits practice with the acquisition of Level 3 Benefit Advisors. The Level 3 firm, founded in 2021, is based in Winter Park. Founder …

Pennsylvania-based insurance brokerage Patriot Growth Insurance Services announced the appointment of John Galaviz as chief executive officer. Galaviz succeeds Matt Gardner, who founded Patriot Growth in 2019, as CEO. Gardner has left the company to pursue other opportunities, according to …

District of Columbia Attorney General Brian L. Schwalb announced that the District has won judgments in nine lawsuits that will cost 14 drivers from Maryland and Virginia a total of $531,192 in unpaid fines, penalties and fees for traffic citations. …