In a three-way deal, TPG, an asset management firm, has launched an insurance brokerage with offices in South Carolina. That brokerage, Third Wave Insurance, has acquired Palmer & Cay, an insurance and employee benefits brokerage in Atlanta. Palmer & Cay, …

Starbucks may be neglecting the financial and reputational risks that stem from labor disputes, two proxy advisory firms are warning shareholders. The warnings come more than a year after contract talks between the company and its U.S. union, formed by …

McGill and Partners and American International Group said they collaborating to perhaps disrupt the subscription market—using agentic artificial intelligence to deploy capital to clients. AIG said the digital-first platform of the London-based independent broker allowed the insurer to conduct a …

The disruption to energy markets caused by the Iran war is a lesson on the risks of relying on fossil fuels which should drive governments to wean their economies off oil and gas faster, the U.N. climate secretary told Reuters …

SiriusPoint Ltd., the Bermuda-based specialty underwriter, announced changes to its business structure as part of the next phase of the company’s evolution. SiriusPoint will now operate through four business areas, including three globally focused P&Ls: Global P&C Programs, Global Reinsurance, …

In the town of Le Bourget outside Paris, Sofiane Milous, a candidate in France’s municipal elections, is vowing to reverse plans for a data center he says will intensify heat islands, worsen noise pollution and create few local jobs. The …

Following through on an old threat, Iran has effectively closed the Strait of Hormuz, cutting off a vital waterway that normally carries about a fifth of global oil and liquefied natural gas supplies, in retaliation for U.S.-Israeli strikes. As oil …

A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to rollback its civil rights code last year. The preemption law took effect Tuesday, as soon as …

The imminent depletion of water supplies in Corpus Christi threatens to cut off the flow of jet fuel to Texas airports and other oil exports from one of the nation’s largest petroleum ports, triggering potential shockwaves through energy markets in …

The ride-sharing company Lyft will ensure the rights of blind and other disabled passengers across the country to travel with their service animals under a settlement announced in Minnesota on Wednesday. College student Tori Andres turned to the Minnesota Department …

Blizzards, wildfires and thunderstorms swirling toward the eastern US have knocked out power to thousands and grounded hundreds of flights across the Midwest. Heavy snow touched off blizzard warnings from South Dakota to Michigan’s Upper Peninsula on Sunday, the National …

A federal judge on Friday ordered the Trump administration to continue funding the U.S. Consumer Financial Protection Bureau indefinitely, saying top officials had unlawfully relied on deficient legal advice to justify their refusal to do so. The ruling from U.S. …

The Environmental Protection Agency proposed Friday to weaken air pollution limits on a chemical used to sterilize medical equipment, a move that would reverse a Biden administration finding of high cancer risks at manufacturing facilities that use ethylene oxide to …

The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday. The Iran war has …

AM Best reports it has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Farmers Mutual Fire Insurance Company of Marble, Pennsylvania. AM …

Uber and Hyundai Motor-backed autonomous vehicle firm Motional launched a commercial robotaxi service in Las Vegas on Friday, the latest in a string of similar tie-ups as the ride-hailing platform doubles down on its self-driving taxi strategy. Related: Amazon’s Zoox …

The massive sewage pipe that ruptured and leaked millions of gallons of raw waste into the Potomac River returned to operation Saturday after the completion of emergency repairs. DC Water, the utility that runs Washington’s water and sewage systems, reported …

While struggling to log in to their work computers last week, some employees of the medical technology company Stryker Corp. were met by an unfamiliar black-and-white cartoon figure: the logo of a shadowy pro-Iranian hacking group. The image that greeted …

A bill to create a statewide framework for handling wildfire smoke damage insurance claims is now making its way through California Legislature. The Smoke Damage Recovery Act, which primary backer Insurance Commissioner Ricardo Lara said stems from the recovery process …

Louisiana Insurance Commissioner Tim Temple announced this week that two insurers under the Allstate group have filed rate decrease for some personal auto policyholders. Temple has finalized the rate changes, the Louisiana Department of Insurance said. Imperial Fire & Casualty …