Montana’s Supreme Court upheld a landmark climate ruling that said the state was violating residents’ constitutional right to a clean environment by permitting oil, gas and coal projects without regard for global warming. The justices, in a 6-1 ruling, rejected …

The U.S. Department of Labor obtained a consent judgment and order in the U.S. District Court for the Northern District of Illinois on Dec. 2, 2024, that requires D’Nuez Corp. and owners Antonio Rendon and Albino Rendon – operators of …

Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing by 57% during the past decade and nuclear verdicts rising in frequency, said Swiss Re, pointing to jury awards above …

Tesla said on Friday it was recalling 694,304 vehicles in the United States over an issue with the tire pressure monitoring system (TPMS). The TPMS warning light may not remain illuminated between drive cycles, failing to warn the driver of …

Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people familiar with the matter. Liberty Mutual is working with a financial adviser on …

It appears another insurance carrier is turning sour on wildfire-prone California. Safeco, a Liberty subsidiary, is preparing to stop writing new condo and rental policies in California at the beginning of next year. Liberty stopped writing new condo or rental …

The Cleveland Clinic, a health care system with hospitals and clinics around the world, said it plans to build a 150-bed hospital in the Palm Beach area and will quadruple the size of an outpatient clinic there. Cleveland has operated …

Post-election protests rocking Mozambique since late October have interrupted trade and hampered a major aluminum smelter, with the southeast African nation braced for more disruption next week. The Constitutional Council is set to validate the disputed vote by Dec. 23 …

In his movies, Sylvester Stallone has taken on drug cartels, Soviet troops and boxer Apollo Creed. But in real life, he had to beat a retreat against the Palm Beach Town Council. The movie star appeared Thursday before the council …

A computer scientist who falsely claims to be the inventor of Bitcoin was handed a suspended prison termafter being found in contemptof court by a London judge after a stinging lawsuit loss. The Cryptocurrency Open Patent Alliance, a nonprofit cryptocurrency …

Years of toxic waste dumping in a Jersey Shore community where childhood cancer rates rose caused at least $1 billion in damage to natural resources, according to an environmental group trying to overturn a settlement between New Jersey and the …

Westchester, a Chubb Company and Chubb’s excess and surplus lines division, named Nick Gatt, previously chief operating officer (COO) for Westchester Programs, as head of Westchester Programs. Gatt will oversee strategy, underwriting and profitability. Gatt succeeds Franklin Sanders, who has …

Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter. Options under consideration range …

Singapore-headquartered insurance technology firm bolttech has raised more than $100 million in its latest funding round, led by Dragon Fund of Mitsubishi UFJ Financial Group and fintech direct lender Liquidity Group, it said on Friday. The Series C funding round …

SPRINGFIELD, Ill. (AP) — Grubhub Inc., an online food ordering and delivery platform, will pay $25 million to settle a dispute over alleged deceptive business practices with the Illinois attorney general and the Federal Trade Commission, officials said Tuesday. Attorney …

Augment Risk, the reinsurance and risk capital solutions broker, announced the appointment of Steve McElhiney as partner of newly created captive and alternative risk transfer solutions offering. Based in Dallas, Steve will develop Augment Risk’s efforts in creating legacy solutions …

Noblr, a USAA Insurance subsidiary offering insurance through an online quoting application, will pay $500,000 following a data breach that New York officials say affected 80,000 people and led to fraudulent unemployment benefit claims. New York Attorney General Letitia James …

Amazon.com will implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries, the agency said on Thursday. Amazon settled a series …

American Airlines has agreed to settle a race discrimination lawsuit by three Black men who were temporarily removed from a flight at the insistence of white flight attendants, according to a court filing on Thursday. The terms of the agreement …

With a “silver tsunami” of skilled underwriters eligible to retire in coming years and a shift in employee expectations, recruitment and retention is a critical focus for the insurance industry right now, said experts during a November webinar hosted by …