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Burns & Wilcox promoted Tom Carvalho to regional vice president. The promotion is effective Oct. 1. Carvalho will oversee Burns & Wilcox operations in Portland, Oregon; Seattle, Washington; and San Francisco, Sacramento and Fresno, California. He will report to Rich …

The Atlantic has been pretty quiet so far this season, but one system east of Bermuda could soon develop into a tropical storm, the National Hurricane Center said Thursday. If the storm were to develop into a Category 5 hurricane …

Federal legislation to extend the Terrorism Risk Insurance Act will head to the full Senate after unanimously getting a nod from the Senate Banking Committee. The committee on Sept. 17 voted 24-0 to advance S. 4395, the Terrorism Risk Insurance …

ExxonMobil Holdings Corp. won approval for its Rose carbon-capture project in Texas, allowing the company to move ahead with the emission-reducing development that could be among the biggest of its kind. The Railroad Commission of Texas, the state’s primary oil …

Zillow Group Inc. lost its bid to force Illinois’ largest provider of real estate listings to provide access to its data about homes for sale. US District Judge John Tharp Jr. in Chicago dissolved a previous order that required Midwest …

Alliant Insurance Services has hired Jennifer Bryant as senior vice president within its employee benefits group, based in Dallas, Texas. Bryant will work with employers to develop strategic health and welfare solutions while building long-term relationships and connecting clients with …

EPIC Insurance Brokers & Consultants has acquired Korotkin Insurance Group, a fifth-generation independent brokerage with over a century of operational history in Michigan. KIG brings a strong regional presence and specialized expertise across multiple industries and client segments to EPIC’s …

Morgan & Morgan, which has called itself the largest U.S. injury law firm with offices in all states, plans to spend $1 billion on artificial intelligence and other legal technology over the next decade. The firm already has spent $300 …

Beazley Confirms Affirmative AI Cyber Cover Beazley on Sept. 17 confirmed affirmative artificial intelligence cover in its cyber and tech E&O policies. As businesses adopt AI and cyber criminals increasingly use it to magnify the scale and speed of their …

Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG’s C-suite, which experienced several shake-ups including the one leading to Hancock’s latest role …

The US Justice Department is urging a federal judge to order the states and trade union challenging Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. to post a bond to cover any potential late fees that result …

Wind farm developer Vineyard Wind said on Wednesday it had resolved a legal dispute arising from turbine supplier GE Vernova’s effort to walk away from its $4.5 billion project in New England over claims it was owed more than $300 …

Over the course of the summer, Russian attacks have been pushing ever deeper into European territory. On Aug. 11, military divers destroyed two drones floating off the coast of Romania near a €4 billion ($4.7 billion) energy project. Nine days …

Severe weather disruptions will amplify food security risks in Asia, potentially triggering civil unrest and political instability in vulnerable countries such as India, Indonesia and the Philippines, according to consultancy Verisk Maplecroft. The warning comes as the war in Iran …

The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures …

U.S. solar panel maker First Solar Inc said on Sept. 16 it would withdraw a patent infringement complaint before the U.S. International Trade Commission and instead focus on pursuing lawsuits in federal court against rivals over a leading solar technology. …

The U.S. House Financial Service Committee on Sept. 16 advanced a bill to limit the authority of the Consumer Financial Protection Bureau, which the insurance industry said has crept over the years into insurance regulation. Within the Consumer Financial Protection …

Rogue AI agents from OpenAI hijacked Hugging Face user accounts and probed the site itself for vulnerabilities as early as May, nearly two months before the July breach of the open-source repository drew global attention, according to researchers who reviewed …

A contractor and a south Florida condominium property manager have been charged in a kickback scheme. Richard Thomas Murray, 62, head of AP Construction Solutions, of Pompano Beach, was charged last week with providing $186,000 to Carlos Jose Mejia, property …

US government agencies are tracking cyber threats against nearly 20 shipping vessels around the world, according to US officials familiar with the situation. The Coast Guard has asked for advance notice if any of those ships plan to come into …