Update: Germany Confiscates Tanker in Russian ‘Shadow Fleet,’ Spiegel Reports
Germany seized a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, Spiegel news magazine reported on Friday, citing security sources. The …
Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …
Texas Senate Passes Ban on Hemp
The Texas Senate on Wednesday passed a state ban on all forms of tetrahydrocannabinol, or THC, advancing a priority of Lt. Gov. Dan Patrick to crack down on the state’s booming consumable hemp market six years after lawmakers inadvertently permitted …
Highway Pileup in Kansas Shows How Dust Storms Can Turn Deadly
A gust of wind sweeps over bare soil, kicking up enough dirt and dust to cut visibility to nearly zero, and for drivers, the dust storm seems to come out of nowhere. Such conditions resulted in a pileup on Interstate …
Carbon-Capture Pipeline Faces Delay After S. Dakota Eminent Domain Ban
The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …
Gen AI Is Shaking Up Underwriting, but Can it Replace Human Judgment?
Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York City. But has the technology developed so …
Big Tech’s Data Center Boom Poses New Risk to Grid Operators
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of …
Carolina Woman Charged With Fraud After Claiming Slips and Falls at 8 Groceries
North Carolina authorities charged a woman with insurance fraud after learning that she made slip-and-fall claims at multiple grocery stores in the area. Jackie Kay Lynch, 61, of Wilson, east of Raleigh, filed a $1,000 claim in August 2024 with …
People: BenefitMall Names Scheib Sales Exec, SCDOI Adds Conley as Captive Analyst
BenefitMall, a CRC Group company and employee benefits specialist, has named Jim Scheib sales executive for north Florida, expanding the mall’s commitment to the region, the company said. Scheib has 35 years of experience in employee and group insurance. The …
Florida House Panel Approves ‘Two-Way’ Attorney Fees, Aims at 2022 Reforms
Three bills that would chip away at or substantially reverse 2022 and 2023 reforms on attorney fees and medical damages passed Florida House subcommittees by wide margins on Thursday. But the consensus at the state Capitol is that most of …
Student Driver’s Parent Can Be Liable for Fatal Crash for Negligent Supervision: Court
A Virginia Court of Appeals has given a green light to a negligence lawsuit seeking to hold a mother responsible for failing to supervise her teenage son who was learning to drive when he hit and killed a person in …
Washington Dairy Worker Charged in $122K Workers’ Comp Scam
A Washington farmhand faces felony charges for reportedly stealing more than $122,000 workers’ compensation benefits. Efrain Alatorre Camarena was charged with felony theft for allegedly collecting workers comp payments while discreetly working at another dairy farm. A Washington State Department …
Former Art Adviser to DiCaprio, Other Wealthy Clients Sentenced for $6.5 Million Fraud
A New York art adviser who once counted actor Leonardo DiCaprio among her wealthy patrons was sentenced Wednesday to 30 months in federal prison after admitting to cheating clients out of $6.5 million in connection with the sale of 55 …
CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two …
Wall Street Brokers Start Trading Insurer Claims From LA Fires
Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
Tesla Recalls Most Cybertrucks Due to Trim Detaching From Vehicle
Tesla is recalling nearly all Cybertrucks in the United States to fix an exterior panel that could detach while driving, the company said on Thursday, the latest in a series of call-backs for the pickup truck. The recall covers just …
Delaware Corporate Law Reform Heads to Final Vote Amid Criticism It Favors Billionaires
Delaware lawmakers are expected to vote as soon as next week to overhaul the state’s corporate law to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires. The bill makes it hard for investors to …
CoreLogic: Approximately 170K Properties Potentially Impacted by Severe Storms
Approximately 170,000 properties were potentially impacted by the severe outbreak across the Midwest and Mississippi Valley, in addition to wildfires and dust storms across the Southern Plains, CoreLogic said. The early season tornado outbreak over March 13-16 spawned at least …
RiverStone in Loss Portfolio Transfer Deal With Lyft Subsidiary
RiverStone International has signed an agreement with Lyft subsidiary Pacific Valley Insurance Co. to provide a loss portfolio transfer reinsurance for a commercial auto liability portfolio. The deal is effective from Jan. 1, 2025. Guy Carpenter was the broker of …
AI Is Turbocharging Organized Crime, EU Police Agency Warns
The European Union’s law enforcement agency cautioned Tuesday that artificial intelligence is turbocharging organized crime that is eroding the foundations of societies across the 27-nation bloc as it becomes intertwined with state-sponsored destabilization campaigns. The grim warning came at the …

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