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Jonathan Korbecki was relaxing at home on the Thornapple River one rainy February night when the fire marshal knocked on his door, warning the nearby Labarge Dam may fail and send a wall of water his way. Hundreds of yards …

The North Carolina Supreme Court in 2024 famously bucked the trend on COVID-19 business-interruption coverage, finding that an insurer owed coverage to a restaurant that was forced to close during the pandemic. But that ruling is not enough to overturn …

IMA Financial Group has expanded its Global Risk & Benefits leadership team with the appointment of two national practice leaders, strengthening the firm’s ability to support multinational organizations seeking coordinated strategies to address risk, employee benefits and compliance across international …

From Michigan Avenue, Saline Township looks like any other farming community, with its corn and soybean fields, silos and grain elevators. Just down the road, though, cranes reach above towering fences at the site of a $16 billion project — …

In an industrial park on the outskirts of Beijing, a humanoid arm picks up a bag of Lay’s potato chips and places it neatly along a row of snacks on a shelf. Nearby, a worker films himself grabbing cushions off …

The Shifting Landscape of Digital Risk: For years, many businesses have operated under the assumption that their general liability (GL) policy might offer a safety net for the physical consequences of a cyber event. However, since 2014 the ground beneath …

Iran and the United States exchanged intensified fire on Thursday in a week-long escalation that has all but torn up last month’s truce, though Iran’s release of a U.S. citizen pointed towards a path to avert the resumption of all-out …

A Legionnaires’ disease outbreak in a New York City neighborhood now counts 60 cases, but new diagnoses are slowing, health officials said Tuesday. They reported progress on inspections for the disease-causing bacteria — finding traces in dozens of buildings including …

Palm Beach County commissioners rejected a proposal late Wednesday to build a digital infrastructure hub to house AI data centers and warehouses, voting in line with the ardent opposition from local residents. The facility, known as Project Tango, would have …

A man running from an encounter with immigration and other federal agents in Florida was struck and killed by a tractor trailer on Tuesday, authorities said. It was the third death in a week involving encounters with U.S. Immigration and …

This edition of International People Moves details appointments at the insurers HSB (UK & Ireland) and Antares. A summary of these new hires follows here. HSB (UK & Ireland) Names Former Munich Re Exec Götz as Dir. of Strategy, Value …

AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (ICR) of “a” (Excellent) for Massachusetts-based Safety Insurance Co., Safety Indemnity Insurance Co., Safety Property …

The Hanover Insurance Group announced that John C. Roche, president and chief executive officer, plans to retire on Dec. 31 following a distinguished 40-year career in the insurance industry. Richard W. Lavey, chief operating officer of The Hanover and president …

London’s office market is weighing the possibility of lower prices for properties that don’t come with cooling options such as air-conditioning, according to real estate brokers and consultants. “Heat is now up there as a red flag,” said Chris Cummings, …

Iran said on Thursday that the Strait of Hormuz was an inviolable “red line,” warning that if U.S. President Donald Trump carried out his threat to attack Iran’s infrastructure, it would strike all infrastructure across the Gulf region. The U.S. …

The MEMIC Group, headquartered in Portland, Maine, hired Sean Rutledge to its Northeast underwriting team as a production underwriter. Based in Massachusetts, Rutledge will partner with agents and employers across Massachusetts, Rhode Island and Connecticut, specializing in small business accounts. …

India has directed ship owners, ship managers and recruitment agencies to stop deploying the country’s seafarers on vessels going through the Strait of Hormuz following an upsurge in attacks. Among precautions, there should be no deployment of Indian crew members …

Canopius Appoints Moore US CEO Canopius Group, headquartered in Chicago, Illinois, appointed Nadine Moore as CEO of its U.S. business. Based in Chicago, Moore will lead Canopius’ U.S. operations across both its retail and wholesale businesses. Moore will assume leadership …

Farmers Insurance has launched a new initiative designed to make insurance easier to understand and more transparent for consumers. Farmers said the enterprise-wide effort reflects its continuing commitment to helping consumers better understand their options so they can make more …

Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover …