2 months 3 weeks ago
Just hours after a wedding in north Georgia, a helicopter carrying the newlyweds crashed in Dawson County late Friday night, killing the pilot and the groom while injuring the bride, news sites reported. The groom, 25-year-old Dave Fiji, of Snellville, …
2 months 3 weeks ago
Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s (TFP’s) Pine Walk platform, announced it has partnered with the supply chain platform Overhaul, to launch a first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo. The …
2 months 3 weeks ago
This edition of International People Moves details appointments at the insurers Beazley and Santam. A summary of these new hires follows here. Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office Beazley, the leading specialty insurer, announced …
2 months 3 weeks ago
Just days before the civil trial on claims against the owner and operator of the cargo ship Dali was to begin, Grace Ocean and Synergy Marine settled wrongful death suits with the families of the six construction workers killed when …
Andrew G. Simpson
2 months 3 weeks ago
Insurance company Voya Financial Inc. is facing increased pressure from activist investor Toms Capital Investment Management to take M&A action and make changes. Toms Capital said in a letter to Voya’s board Monday that Voya should explore options, including a …
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2 months 3 weeks ago
Cost savings from automation are broadly falling short of projections, according to a new Bain & Co. global survey of large companies. The missed targets “should be making executives uncomfortable,” especially since many of them are approving increased spending for …
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2 months 3 weeks ago
California has become the latest Democratic-led state to retreat on climate goals amid affordability concerns as regulators Friday revamped its carbon market to ease costs to the oil industry. The California Air Resources Board (CARB) voted to give up as …
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2 months 3 weeks ago
Wildfire season has returned to Canada’s oil sands region, with seven active blazes in the area on Sunday raising risks for communities, workers, companies and investors. Canada is the world’s fourth-largest oil producer, and the bulk of its production is …
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2 months 3 weeks ago
A global food crunch due to extreme weather would boost prices more in the euro area than in Group of Seven economies, according to Oxford Economics. A “severe” shock to food prices from climate events could raise food prices in …
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2 months 3 weeks ago
Israel expanded its ground assault in Lebanon with its broadest incursion into the country in a quarter-century as Hezbollah — Iran’s most powerful regional ally — stepped up attacks on Israel’s north. According to the Israeli military, Hezbollah fired more …
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2 months 3 weeks ago
The US Securities and Exchange Commission wants to formally kill rules it’s now calling a “dramatic overreach” of its own authority that would have required public companies to report greenhouse gas emissions and climate-related risks to their operations. The 2024 …
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2 months 3 weeks ago
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn’t slow despite a 20 percent decline in overall claims volume in 2025. Data showed that …
2 months 3 weeks ago
Hackers are still trying to trick people to exploit an organization’s systems, but more breaches now with software vulnerabilities Stolen passwords, or credential abuse, are no longer the top way hackers breach systems, according to Verizon’s latest annual Data Breach …
Chad Hemenway
2 months 3 weeks ago
As the 2026 hurricane season blows in today and a state-funded wind-mitigation program remains as popular as ever, a Florida entrepreneur named John Smith wants a word. The My Safe Florida Home program, providing matching grants for window and door …
William Rabb
2 months 3 weeks ago
A years-long dispute over a portfolio of commercial properties in Southern California that sparked credit concerns at several banks last year has led to a roughly $1.34 billion arbitration award. Real estate owner Mohammad Honarkar was “fraudulently induced” into doing …
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2 months 3 weeks ago
In San Francisco’s latest real estate boom, renters are paying cash up front, multimillion-dollar houses are selling auction-style and AI company stock can buy a sprawling hilltop estate. It’s a reflection of the new wave of wealth from the artificial …
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2 months 3 weeks ago
AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite for startups using artificial intelligence to …
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2 months 3 weeks ago
A bus crashed into vehicles slowing for a work zone on Interstate 95 in Virginia early Friday, killing five people and injuring dozens, including the driver, authorities said. The crash happened at about 2:35 a.m. on southbound I-95 in Stafford …
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2 months 3 weeks ago
Illinois lawmakers this week passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry has heavily opposed the legislative measures, warning that …
Ezra Amacher
2 months 3 weeks ago
A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …
William Rabb