Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels. UK Maritime Trade Operations has reported nine attacks in …

Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …

The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans. It’s the first time that Volkswagen Financial Services …

A tropical depression in the Atlantic is forecast to strengthen into a hurricane and bring heavy rainfall and high winds to the central Gulf Coast this weekend. Tropical Depression 9 is expected to impact southeastern Louisiana to the Florida Panhandle, …

A new report revealed half of U.S. homeowners paid out of pocket for weather damage the past three years, and only 22% feel very financially prepared for an unexpected weather repair, according to tech-native insurance group Hippo Holdings. Hippo’s third …

McDonald’s has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food company illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. The lawsuit, filed on Oct. 2, …

Elon Musk’s SpaceX is seeking approval to build a natural gas pipeline in Florida to supply fuel for its rocket launched from Cape Canaveral, according to a state regulatory filing from September. A SpaceX subsidiary, Coastal Connect Services (CCS), has …

Karen Clark & Co. has announced its latest severe convective storm model—Version 5.0—now with a new option on roof values. “While previously, roof replacement cost was assumed to be a fixed percentage of the total building value, roof replacement value …

San Francisco-based Corgi Insurance has launched fine arts coverage for individuals and businesses, and it introduced Golden by Corgi, a sports and entertainment insurance platform offering coverage through its surplus lines carrier. The fine arts coverage protects eligible artwork and …

The two passengers aboard an air ambulance that crashed in the waters off Massachusetts over the weekend while flying from Bermuda to Boston were identified Monday as a mother from Bermuda and her son, an executive with Hamilton Re. Bermuda …

Thousands of administrative systems at wind and solar power parks in Europe are exposed to the internet, potentially giving attackers access to interfaces that can stop turbines and raising the risk of sabotage, Dutch researchers warned on Tuesday. The exposed …

Missouri Attorney General Catherine Hanaway announced that her office secured a jury conviction against Daniel Eschliman for scamming an elderly couple out of more than $42,000. Eschliman allegedly stole from the victims over the course of six months. During those …

A new water tower in Turkey: $3 million. Upgrades for a museum in Stamford: $400,000. A first responders appreciation barbecue in Medina County: $10,000. These are just some of the public investments data center companies have paid for across rural …

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mutual Insurance Company and its affiliate, Home and Farm …

A tropical system developing in the Bay of Campeche may reach the US Gulf Coast this weekend, threatening heavy rain while potentially skirting major oil and gas hubs. The swirl of showers and winds has a 90% chance of becoming …

This edition of International People Moves details appointments at the insurer Hartford International and the London broker Augment Risk. A summary of these new hires follows here. Hartford Names Smith as International Head of Distribution in UK The Hartford has …

Insurance agency network SIAA reports it has acquired Canopy Specialty Insurance, a specialty commercial property/casualty managing general agent (MGA) with operations in the U.S. and U.K. The addition of Canopy adds specialized underwriting and product development capabilities to SIAA’s broader …

Specialty insurance broker Amwins has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability insurance. The MGA will work exclusively with wholesale brokers to focus on coverages for “challenging exposures across segments where market …

A 10th-grade girl and a motorist were killed Monday morning when a car hit a school bus full of high school students in central Florida, causing the bus to swerve and overturn. Polk County Sheriff Grady Judd said at a …

Britain’s communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before launching it in May. Instants allows content shared by users …