Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts
President Donald Trump signed an executive order that allows the federal government to preempt state and local regulations in the recovery efforts of last year’s Los Angeles wildfires, blaming the destruction and its slow rebuilding on California’s authorities. “Immediate and …
London Cyberattack Threatens to Hold Up Thousands of Home Sales
A “sophisticated, criminal cyberattack” is threatening to hold up thousands of home sales in two of London’s richest boroughs. Westminster City Council and the Royal Borough of Kensington and Chelsea have been unable to process local authority searches since November …
Markets/Coverages: Apollo, ZenHedge Partner on Parametric Solution for Shippers
Apollo, a Skyward Group Company, announced a partnership with U.S. startup insurtech ZenHedge to launch a parametric insurance product called Freight Expense Insurance designed to protect U.S. shippers against increased freight costs caused by trucking carrier tender rejections. Apollo said …
Kin Moves Into Florida and Texas With Home-Auto Bundle Products
Kin, a direct-to-consumer digital personal lines insurer, announced the launch of auto insurance in Florida and Texas. The auto insurance is currently available as part of a bundle or as a standalone product. Home insurance customers who choose to bundle …
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half
GEICO has agreed to pay more than $900,000 plus administrative costs to settle lawsuits from almost 1,500 call-center workers who said the insurer failed to pay overtime, including for time spent booting up computers and logging into a GEICO network. …
Dutch Court Rules Uber Drivers Can Be Treated as Self-Employed
A Dutch court on Tuesday overturned a 2021 ruling that had classified all Uber drivers as employees, stating that individual drivers can be treated as independent entrepreneurs. The Amsterdam court said six drivers who had joined the rideshare company in …
Do New Yorkers Pay Too Much for Auto Insurance?
New York households paid an estimated $1,935 on average for personal auto insurance in 2024, according to a report by the industry’s Insurance Information Institute (Triple I). This was an increase from $1,753 in 2023. Triple I further estimates that …
WalkerHughes Insurance Acquires Pair of Missouri Agencies
WalkerHughes Insurance announced it has acquired Inman Insurance Agency in Salem, Missouri, and Clark Insurance Agency in Ballwin, Missouri. The acquisitions expand WalkerHughes’ presence in Missouri, increasing market density across south-central communities and the St. Louis metropolitan area. Inman Insurance …
Why Power Outages Do More Economic Damage Than We Think
The day after a major winter storm swept across the US, hundreds of thousands of homes and businesses remained without electricity and the prospect of more outages loomed amid frigid temperatures. One early estimate suggested the storm could result in …
Updated: 6 Killed in Private Plane Crash at Maine Airport
Six people were killed in a single plane crash Sunday night at Bangor International Airport in Maine, according to local officials, correcting what appears to have been a report from the federal government that seven people died. A late Monday …
WR Berkely Turns in Record Underwriting Results for Q4, Year
Fourth quarter 2025 net income at W.R. Berkley Corp. decreased nearly 28% compared to the same period a year ago. Net income was about $449.5 million for Q4 2025 compared to net income of about $576.1 million a year ago …
European Nations Issue Warning to Russia-Linked Shadow Fleet
A group of 14 European nations have issued an open warning to shadow-fleet tankers in the Baltic and North Seas, raising the stakes for vessels they say are endangering maritime safety. Ships can only sail under the flag of one …
Markets/Coverages: Brit Launches Integrated Cyber, Financial Institutions Consortium
Brit Group Holdings Ltd. announced the launch of “FI Cyber Max,” a new integrated cyber and financial institutions (FI) consortium. Built for large, complex financial clients, the new consortium will bring together Brit’s experienced cyber and FI underwriting teams to …
North Sea Wind Push Sees Industry Vow to Spend €9.5 Billion
The offshore wind industry has pledged to invest €9.5 billion ($11.3 billion) in its supply chain by 2030 to help expand capacity in the North Sea as European countries work to turn one of the most famous oil basins into …
Italy Declares Emergency as Storm Damage Tops €1.5 Billion
Italy’s government declared a state of emergency, unlocking €100 million in funds to help repair damage after a sea storm battered parts of the country’s south. Sicily was hit particularly hard, with regional Governor Renato Schifani estimating damages of more …
Nvidia’s Rally Shows DeepSeek Fears Were Unfounded a Year Later
A year ago, the Chinese startup DeepSeek freaked out the stock market with the idea that developing artificial intelligence was much easier and cheaper than everyone imagined. But 12 months later, that’s turned out to be largely a mirage so …
Flood in Vale Mining Area Damaged Brazilian River, State Government Says
Overflowing water in a mining area owned by Brazil’s Vale caused environmental damage as it reached the local Maranhao River, Minas Gerais state government said in a statement on Monday. The overflow on Sunday, in two nearby but separate areas …
NTSB Opens Probe Into Waymo Robotaxis Passing Stopped School Buses
The U.S. National Transportation Safety Board said on Friday it is opening an investigation into self-driving car company Waymo after its robotaxis illegally passed stopped school buses in Austin, Texas, at least 19 times since the start of the school …
Ansay & Associates Expands Into Illinois With Preston Insurance Partnership
Preston Insurance Agency, a full-service independent insurance agency with six locations across Illinois, announced a strategic partnership with Ansay & Associates, one of the nation’s largest family-owned independent insurance agencies. This partnership marks Ansay & Associates’ expansion into the Illinois …
Nvidia Launches AI Technologies to Aid Weather Forecasting
Nvidia Corp. is offering new open-source software and models designed to help governments and businesses more easily use artificial intelligence and complex data to build their own weather forecasting systems. The chipmaker’s new Earth-2 platform includes a pair of AI-based …
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