Social media giant Meta will pay over $1 billion to Texas and implement sweeping protections for children as part of a settlement with the state, Attorney General Ken Paxton announced Wednesday. The settlement comes as Meta, the company behind Facebook …

The world’s top container shipper MSC Mediterranean Shipping Co. has suspended new bookings to and from Russia’s Novorossiysk port with immediate effect after one of its vessels was attacked by a drone. The decision follows a recent strike on the …

Iran’s military said it reached a revenue-sharing agreement with Oman on the Strait of Hormuz, as Tehran and Washington’s standoff over control of the crucial waterway continues. “Agreements have been reached regarding each country’s share of the strait’s waters as …

Accounting firm Deloitte will pay $21.5 million to settle a U.S. Department of Justice probe over diversity, equity and inclusion practices, which President Donald Trump’s administration has cracked down on during his second term in office. The settlement marks a …

Alphabet’s Google on Tuesday expanded its Gemini Enterprise artificial intelligence platform with new tools for lawyers and law firms, accelerating a race among technology companies to meet legal sector demand for AI. The company said its Gemini Enterprise for Legal …

Alacrity Solutions Group LLC, headquartered in Fishers, Indiana, promoted Lee Boyd to chief operating officer (COO). Backed by over two decades of experience in the insurance industry, Boyd joined Alacrity in 2021 and has held the roles of vice president …

Missouri Attorney General Catherine Hanaway announced that a contractor has pled guilty to defrauding consumers through his residential contracting business. Gene M. Matlock, owner of Matlock Construction, pled guilty on August 17 to one felony count of deceptive business practices …

Elected officials and industry leaders warn that Texas is at the “precipice” of running out of underground space to dispose of the nearly 1 billion gallons of wastewater that oil and gas production generates every day in the Permian Basin. …

Inszone Insurance Services announced the acquisition of Harris Insurance Services. This strategic acquisition strengthens Inszone’s personal lines footprint in Oklahoma, bringing a respected, century-old family agency into the Inszone family. Founded in 1925 by Charles R. Harris and later incorporated …

Ames & Gough, headquartered in Washington, D.C., appointed Tracy Benson, Christine Gibboni and Baynard Stanchina as assistant vice presidents in the firm’s Washington, D.C. office. All three executives specialize in serving the risk management and insurance needs of Ames & …

Canada on Tuesday announced retaliatory tariffs on C$27.6 billion ($19.94 billion) worth of United States goods, matching dollar-for-dollar new duties imposed by Washington, and unveiled financial support for Canadian businesses and workers caught in the escalating trade war. The counter-tariffs …

At five o’clock on the morning of August 24, 1992, Hurricane Andrew came ashore near Homestead, Florida, as a Category 5 storm. It was one of only four hurricanes known to have struck the continental United States at Category 5 …

For more than a year, a 31-year-old Fort Lauderdale gas station attendant was able to defraud Progressive Insurance of more than $44,700 before the insurer and state authorities caught up with him, according to an arrest affidavit. The scheme worked …

Insurance broker Willis Towers Watson (WTW) is accusing rival Lockton Companies and 18 former employees of WTW’s Northeast construction insurance team of engineering a “smash and grab” operation that began on August 19. On that day, 18 members of WTW’s …

A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation. U.S. Bankruptcy Judge Christopher Lopez said that …

Crews have started to contain a wildfire in the Sierra Nevada foothills near Reno, Nevada, that destroyed more than 30 homes as it spread perilously close to dense neighborhoods, officials said Monday. Containment reached 27% and there was no new …

The National Council on Compensation Insurance is recommending a 7.4% average rate decrease for workers’ compensation insurance, voluntary market, in Florida. If approved by state regulators, it would mark the 10th straight year of decreases, in line with most U.S. …

Australian miner Fortescue Ltd. has suspended an executive over sexual harassment allegations, and engaged law firm MinterEllison to conduct an independent investigation into the matter. The incident is being treated “extremely seriously” and the employee is being stood down while …

Chinese hackers are ramping up attacks after integrating DeepSeek and other open-source artificial intelligence models into their operations, highlighting attackers’ ability to leverage basic AI tools to hit targets abroad. State-affiliated cyber groups more than doubled the amount of attacks …

Even as Europe’s heat wave finally breaks, money managers say they’re still coming to terms with how climate change will affect their portfolios. Pictet Asset Management’s Katie Self says her firm has been fielding calls from clients about the risks …