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Gavin Spencer is the new head of specialty, North America at AIG. He is taking on this expanded role alongside his current responsibilities as head of marine, North America. AIG is headquartered in New York City. Spencer joined AIG in …

Euro Exchange Securities UK Ltd., a British payments company, handled at least £2 billion ($2.7 billion) for a small group of risky customers before regulators moved to seize the firm over fears it was facilitating money laundering. The firm told …

Falling Rhine water levels are choking fuel shipments to parts of western Europe as a heat wave grips the region, forcing barges to sail with less than half their normal loads. Earlier on Monday, barges carrying diesel through Kaub in …

Uber Technologies’ board was sued on Monday by shareholders who accused management and directors of letting the ride-sharing company cut corners on compliance, leading to thousands of lawsuits from victims of sexual assault and harassment. In a complaint filed in …

Investors in the ever-hotter AI stock rally must suddenly consider a risk with the potential to be even more damaging than high valuations and big spending: Politics getting in the way. The US administration’s move to block foreign nationals from …

June 24, 2026 marks the fifth anniversary of the tragic collapse of Champlain Towers South in Surfside, Florida. Like many Floridians, I remember exactly where I was when I first heard the news. The loss of 98 lives was heartbreaking, …

Virginia Governor Abigail Spanberger recently signed a package of “commonsense” bills that she and supporters maintain will reduce gun violence and save lives, but some of them may not be enforced if local prosecutors get their way. The new laws …

While State Farm publicly supported auto insurance reform measures in New York this year, now that a package of changes has been written into the state’s statutes, the insurance giant is taking a measured business approach. “We want some proof …

Workday must face claims that its popular AI-powered human resources software weeded out job applicants at other companies in ways that violated California law and a federal ban on discrimination against workers with disabilities, a federal judge ruled on Monday. …

A group of California consumers claimed in a lawsuit that gas station owners including Walmart Inc., Marathon Petroleum Corp., BP Plc and 7-Eleven Inc. are using artificial intelligence to illegally manipulate pump prices in the state that already has the …

Carlyle Group Inc. is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks. The $475 billion Washington-based firm says the current standard — whereby money managers are reactive rather …

Oil and liquefied natural gas tankers sailed through the Strait of Hormuz on Monday, in a sign of traffic slowly picking up after Iran said it had again closed the waterway over the weekend, shipping data showed. Iran lifted its …

Inszone Insurance Services, based in Sacramento, California, has continued its tear of mergers this year, most recently with the acquisition of Sanford, Bruker & Banks agency in Georgia. Sanford, Bruker, with offices in the Augusta area, is one of the …

WTW announced the appointment of Lizzie Eason as director and actuarial data scientist within its pricing, product, claims and underwriting (PPCU) consulting team in North America, effective June 15, 2026. Eason will support PPCU clients and prospects by developing integrated …

Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has launched an office in Ireland to expand its European footprint. Ireland is now the fourth-largest insurance market in the EU, generating over €100 billion in annual premiums, …

Areas across the Southeastern United States reported flooding from the remnants of Tropical Storm Arthur and other weather systems, with more flash floods expected Monday from Alabama to parts of the East Coast. In Smith County in central Mississippi, emergency …

The Travelers Companies, Inc. announced that the 2026 Travelers Championship at TPC River Highlands in Cromwell, Connecticut will run from Thursday, June 25 to Sunday, June 28. This is a Professional Golf Association (PGA) Tour Signature Event and the 20th …

Europe is facing another summer of intense wildfires, but firefighters who will be on the frontline warn that they’re entering the season under-funded, under-equipped and under-staffed. The continent experienced its worst season for wildfires on record last year, with blazes …

No offense to the members of the media, but the media tends to blow this stuff up. That’s how Jim Williamson, president and chief executive officer of insurer and reinsurer Everest Group Ltd., prefaced his answer to a question about …

Firefighters are making progress on a large blaze at a warehouse that blackened the skies near downtown Los Angeles and prompted shelter-in-place orders in the area due to the risk of hazardous air. Fire crews were able to remove the …