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European insurers that want to ride the private credit boom need to grasp the risks they face, according to the region’s top watchdog for the industry. The region has “a multitude” of insurers of varying size, some of which don’t …

President Donald Trump downplayed the threat posed by Iranian sea mines in the Strait of Hormuz to commercial shipping, even as other US officials have warned of their dangers. Speaking to reporters on Wednesday, Trump said American forces had “swept …

The Trump administration’s decision to dismantle most of a $386 million federal ocean-observing network will leave scientists without an irreplaceable source of data used to understand how climate change is affecting crucial currents and marine ecosystems and increasing coastal flooding. …

The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday. The groups said …

A Florida mother and her daughter sued Campbell’s after eating SpaghettiOs that they claim were contaminated by worms or parasites, and therefore unfit to eat. In a complaint filed on Tuesday, Mary Hubbard said she discovered the alleged contamination around …

President Donald Trump outlined a hands-off approach to addressing cybersecurity threats raised by artificial intelligence under an executive order that calls for giving the US government voluntary access to AI models. The directive was signed June 2, two weeks after …

Georgia insurance brokers and agents are sounding the alarm—and perhaps checking their own errors and omissions coverage—after a recent state appeals court ruling opened the door for third parties to sue when full coverage is not secured. “This ruling fails …

Hudson Insurance Group, headquartered in New York City, appointed Beth Diamond as senior vice president and chief claims officer. Diamond has more than two decades of specialty claims experience and most recently served as group chief claims and litigation officer …

In the weeks following the implosion of a massive tank at a Washington paper mill that killed 11 workers and spilled hundreds of thousands of gallons of chemicals, believed to be the deadliest industrial accident in state history, managers of …

Alliant Insurance Services hired Joseph Ehrlich and Jackson Bender as executive vice presidents within its mergers and acquisitions (M&A) vertical. Based in New York, Ehrlich has experience advising private equity firms, family offices and strategic investors on complex transactional risk …

New York State lawmakers must decide by the end of this week whether to advance a bill that would alter state law tied to foreign sovereign debt, setting up a late-session test for legislation closely watched by investors and debt-relief …

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of FMNE Insurance Company based …

Convex Group Ltd., the international specialty insurer and reinsurer, announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled managing general agency, which will start trading in Q4 2026. The MGA has received UK regulatory approval and will be …

Arch Capital Group Ltd., the Bermuda-based re/insurer, announced the expansion of Maamoun Rajeh’s role as president. Rajeh, who most recently oversaw Arch’s Reinsurance and Mortgage segments, will also take on responsibility for Arch’s Insurance segment as the company moves forward …

Alight Solutions, an employee benefits administrator headquartered in Lincolnshire, Illinois, violated federal law when it discriminated against an employee by denying him a reasonable accommodation for his diabetes, and then firing him because of the disability, the U.S. Equal Employment …

IMA Financial Group, a large North American insurance brokerage, named Rob Price as Alabama Market president, based in Birmingham, the firm announced. Price has been a top performer at the brokerage for almost nine years, and recently led IMA’s executive …

Data centers are expected to consume twice as much power and water by 2030 as they expand to meet the surge in demand from artificial intelligence, U.N. researchers said on Wednesday. Unless governments heed the rising environmental costs of AI, …

USA Rare Earth said on Tuesday it will invest $1.2 billion to build a magnet manufacturing and rare earth metals facility in South Carolina, as it expands domestic production capacity. Shares of the company rose 5.9% to $31.1 in morning …

Florida lawmakers have approved a stripped-down version of a proposal from Gov. Ron DeSantis to slash property taxes, removing local school districts from the plan. The Florida House and Senate on Tuesday passed joint resolutions (HJR 1F/SJR 2F) that will …

A South Carolina jury on Monday found a store owner not guilty of murder in the 2023 shooting of a Black 14-year-old. The jury returned the verdict for Chikei Rick Chow. Chow, 61, who is Asian, shot Cyrus Carmack-Belton in …