A South Dakota father and son have been ordered to pay over $4 million to resolve violations of the False Claims Act arising out of their 2018 and 2019 crop insurance fraud, according to the U.S. Attorney’s Office, District of …

OAK Global is launching a new strategic business unit, OAK Enterprise, which will be focused on underwriting retrocession business with an appetite for property and specialty classes. The newly formed Lloyd’s Syndicate 1440 has received in-principle approval to assume business …

A global ship management and maritime services company was ordered to pay $2 million for improperly discharging oily waste into the Gulf of Mexico, the U.S. Attorney’s Office, Middle District of Louisiana announced last week. V.Ships Norway A.S. (V.SHIPS) pleaded …

Climate change made the extreme weather conditions that fueled the wildfires in Portugal and Spain about 40 times more likely to happen and the blazes themselves 30% more intense than if the world hadn’t warmed, research scientists said. The 10-day …

The European private credit market is gaining ground on the US, according to a report from Moody’s Ratings. Over the last several years, the depth of the market in Europe has lagged behind the US, mostly because of regulatory and …

A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that …

A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 insurers. Among the group, made up …

The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and diabetes medicines online in recent months across the region, and warned about a serious risk to public health. Global shortages …

With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a moment in Florida and elsewhere in the Southeast. “It’s starting to get some traction. We’re seeing more and more requests …

The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first-half of 2025, according to a new report. “The lack of any significant natural catastrophes in the second quarter …

A chemical leak and fire at a suburban New York beauty products warehouse Tuesday may have been caused by a forklift mishap, officials said, warning neighbors to stay indoors. Commuter trains were temporarily stalled in the area ahead of the …

A Pennsylvania man has been charged with tricking people into investing money he claimed would be used to buy thousands of automated teller machines, causing more than $400 million of investor losses, U.S. authorities said on Wednesday. Daryl Heller, 55, …

U.S. states of California, Oregon and Washington said on Wednesday they have launched a new health alliance to provide unified vaccine recommendations amid growing tensions over federal immunization policies and public health directives. Under the West Coast Health Alliance, the …

South Korea’s largest mobile operator was hit with a fine and stern criticism from the country’s privacy regulator after a cyberattack disclosed in April compromised the data of about half the nation’s population. The Personal Information Protection Commission on Thursday …

Skyward Specialty Insurance Group said it has a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited from private equity firm Alchemy for a total of $555 million in a mix of cash and shares …

The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large …

An election to determine whether workers unionize an electric vehicle battery manufacturing complex in Kentucky was in limbo due to a few dozen disputed ballots that could swing the outcome. The United Auto Workers claimed it secured a narrow victory …

Seen from the air, a Florida freshwater spring is a bit of liquid heaven, luring humans and wildlife to enjoy its aquamarine cool. With at least 1,000 of them — more than any other state — the springs serve as …

Massive walls of dust and debris called haboobs that roll through the U.S. Southwest can be awe-inspiring and terrifying, especially for motorists caught in their path. Thunderstorms spawn the phenomenon and can create a wall of dust thousands of feet …

A plane carrying European Commission President Ursula von der Leyen was disrupted by what authorities suspect was Russian signals interference in Bulgaria. Authorities in Bulgaria have determined that the GPS jamming incident, which affected the plane’s navigation system as it …