Aggregator

It was an eventful first quarter, with the Iran conflict co-mingling with market concerns over the private credit exposures held by both European banks and insurers. Unsurprisingly, debt issuance has been affected, with March and much of April seeing a …

Eli Lilly, one of the world’s largest pharmaceutical makers, has won a federal court order against leaders of a Tennessee church and Florida and Tennessee-based pharmacy groups, after the drugmaker said the participants had crafted a years-long scheme that bilked …

Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform. In a complaint filed late on Tuesday night, Uber said …

A former engineer at Elon Musk’s xAI in California who now heads a think tank focused on AI safety filed a lawsuit claiming he was fired from the SpaceX subsidiary for raising concerns about the risks artificial intelligence poses to …

Cumulative trauma claims have risen sharply in recent years and they are driving changes in claim characteristics, costs and claim outcomes, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California’s Emerging Patterns of Cumulative Trauma Claims report …

Jonathan Rinderknecht has been wrongly accused of starting the most destructive wildfire in Los Angeles history, his lawyer told a jury. Rinderknecht was watching New Year’s Eve fireworks on a hillside in the Pacific Palisades and called 911 just after …

Off the coast of Oman over the weekend, 16 tankers clustered together to transfer millions of barrels of oil that had been stranded in the Persian Gulf. A month ago, that area had been entirely empty. They’re part of a …

This edition of International People Moves details appointments at Willis Re and Arch Insurance International. A summary of these new hires follows here. Willis Re Taps Carpenter’s Summers as CEO of Global Specialties Willis Re, an international reinsurance broker, announced …

Three more cases of the New World screwworm have been confirmed, including one outside the main cluster in Texas, demonstrating the difficulty of stopping a resurgent pest that could devastate the nation’s cattle industry, the U.S. Department of Agriculture announced …

Officials in the US and Canada are planning a ribbon-cutting ceremony in the coming days for a new C$6.4 billion ($4.6 billion) bridge linking Michigan to the province of Ontario, which President Donald Trump threatened to block earlier this year. …

Trucordia announced it has acquired the assets of the Hecht-Stout Insurance Agency. This Dunlap, Illinois-based business has deep roots in the Peoria area and a longstanding reputation for helping clients navigate complex insurance decisions with clarity and confidence. Under the …

Gov. Greg Abbott on Tuesday released sweeping regulatory recommendations on data centers for the Legislature to pass in the 2027 session, as Texas grapples with an explosion of artificial intelligence-driven development and soaring power demands. In a letter to state …

A two-year investigation into immigrants with fake identity documents led to federal officials detaining 48 workers at a South Carolina metal casting business and six people facing state charges, including two top managers at the plant, authorities announced Thursday. Dozens …

The growing likelihood of an El Nino to emerge this summer has led Colorado State University hurricane researchers to slightly reduce their original forecast for the Atlantic hurricane season. In the latest forecast published June 10, CSU predicts a below …

An investigation by the Federal Trade Commission into diversity, equity and inclusion at a consultancy for law firms and legal departments has forced the company to shut down. The FTC said Diversity Lab LLC used “discriminatory DEI employment practices” in …

A licensed property-casualty insurance agent in Palm Beach Gardens has been charged with keeping payments for contractors’ surety bonds, then using the funds for personal gain. Checree Bryant, 51, of Innovative Bonding Services, was arrested last week and charged with …

Citing continued below-average rainfall and worsening dry conditions, Massachusetts officials have declared a significant drought (Level 2) in the Southeast, Cape Cod, and Islands regions of the state. Energy and Environmental Affairs Secretary Rebecca Tepper said the designation also recognizes …

Connecticut Governor Ned Lamont has signed a bill into law mandating a six-month suspension of a driver’s license of any driver who, upon a third or subsequent time, is caught violating the state law on stopping for school buses. Under …

Anthropic PBC is widely releasing a version of Mythos that will be blocked from carrying out cybersecurity tasks, months after warning that the powerful artificial intelligence model could spot and exploit vulnerabilities in critical software. The new model, called Fable …

Chatbots on five different websites claimed to be licensed to practice medicine in Pennsylvania when prompted by Spotlight PA — the same kind of output that led the Shapiro administration to file a lawsuit last month. A task force under …