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Jeff Shell is stepping down as president of Paramount Skydance Corp. following a contentious lawsuit by a high-stakes gambler who accused him of leaking inside information. Shell, who served as the No. 2 executive under Chief Executive Officer David Ellison, …

The Strait of Hormuz remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed …

Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners. With the increased demand from the market also comes “a pronounced …

Anthropic announced an initiative with major technology companies, including Amazon.com, Microsoft and Apple, that lets partners preview an advanced model with cybersecurity capabilities developed by the AI startup. Under its “Project Glasswing,” select organizations will be allowed to use the …

The Federal Deposit Insurance Corp., which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins as digital currencies become more widely accepted in the financial system. …

Enforcement cases brought by the U.S. Securities and Exchange Commission fell more than 20% in the latest fiscal year as the regulator “recentered” its enforcement program, the agency said April 7. The SEC brought 456 enforcement actions in the fiscal …

Six weeks after leaders of scheme to sign up south Florida homeless people for Affordable Care Act policies were sentenced to years in prison, the companies involved have agreed to pay more than $135 million to resolve a federal investigation. …

A Massachusetts water and sewer line construction contractor is facing $4,699,362 in proposed penalties for safety violations related to a trench collapse that claimed the life of an employee and seriously injured another at a Cape Cod worksite. A federal …

CopperPoint Mutual Insurance Holding Company named Kellen Booher president and CEO. Booher succeeds CEO and Board Chair Marc Schmittlein, who announced his retirement last year. Schmittlein joined CopperPoint in 2016 and was appointed executive chair of the CopperPoint board of …

An appeals court on Wednesday ruled in favor of Berkshire Hathaway’s PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in letting litigation against the utility proceed as a class action. The decision by …

A federal judge in Massachusetts has dismissed claims against Walgreens but allowed some claims against the The Hershey Co. and its affiliate food manufacturers Paqui and Amplify Snack Brands, Inc. to proceed in a wrongful death lawsuit brought by the …

The Workers’ Compensation Insurance Rating Bureau of California will increase the fee for special inspections from $200 to $500 per location inspected. Special Inspections, conducted at the request of an insurer, broker or agent of record to confirm classifications, are …

A Cape Air flight departing from the Massachusetts island of Nantucket returned safely after part of the main cabin door opened shortly after takeoff, an alarming midair incident that prompted the crew to turn back. The aircraft remained stable and …

The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to …

Texas hemp industry leaders and advocacy groups have sued the state to block new regulations that eliminate natural smokeable hemp products and increase licensing fees. The Texas Hemp Business Council, Hemp Industry & Farmers of America, and several Texas-based dispensaries …

The U.S. Department of Labor has filed suit against a Valley Springs, South Dakota construction contractor for the wrongful termination of an employee who reported a severe work-related injury. An investigation by the department’s Occupational Safety and Health Administration found …

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has honored Laminate Technologies Inc. in Waco, Texas, with the Lone Star Safety Award for exceptional dedication to protecting its employees through a strong and proactive safety program. This facility’s …

NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, announced the acquisition of Sherman Insurance Agency, Inc., a full-service agency specializing in trucking, commercial, personal and benefits insurance solutions. Based in South St. Paul, Minnesota, …

Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects. More than a dozen investors are cranking …

A U.S. judge on Tuesday rejected UBS’ bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by shielding it from claims based on new revelations about Nazi-linked accounts. U.S. District Judge Edward Korman in …