The Department of Energy on Tuesday announced $2.2 billion in funding for eight projects across 18 states to strengthen the electrical grid against increasing extreme weather, advance the transition to cleaner electricity and meet a growing demand for power. The …

The insurance industry is at a pivotal moment in embracing generative AI. According to the ISG Pulse Check State of the European Insurance Industry 2024, insurance firms are actively engaged in generative AI transformations and currently comprise nearly a quarter …

Microsoft Corp. said Delta Air Lines Inc. turned down repeated offers for assistance following last month’s catastrophic system outage, echoing claims by CrowdStrike Holdings Inc. in an increasingly contentious conflict between the carrier and its technology partners. Microsoft employees reached …

One child was killed and another was injured after a wind gust blew a bounce house into the air at a baseball game in Maryland last Friday night, local officials said. Local emergency personnel received a call in Waldorf, Maryland, …

Pine Walk Capital Ltd., the specialist managing general agency platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Novagen, a renewables MGA. Novagen will focus on underwriting the full spectrum of renewable technologies (onshore, offshore, …

China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors’ investments from the property giant. Lawyers of liquidators have started legal actions against PwC and PricewaterhouseCoopers Zhong Tian …

All major commercial lines premium renewal rates were higher in July than in June, except commercial property which decreased, according to the latest monthly Ivans Index. Year over year, commercial auto, business owners, general liability, commercial property and umbrella experienced …

Norwegian salmon farmers face challenges from an unusually harsh winter and the El Nino climate phenomenon which led to record fish mortality and concerns over long-term forecasts ahead of a warmer summer. El Nino — a climate pattern raising temperatures …

Jargon often gets in the way of clearly understanding the climate challenge. While some technical terms such as “net zero” are useful and continue to gain wider acceptance, others aren’t so helpful. Take the phrase “hard to abate.” The simplest …

Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon that it plans to use as its new headquarters. The company will give up its current base near Lisbon’s Chiado …

The Florida Office of Insurance Regulation said it is reminding property insurers in the state to file Hurricane Debby claims data Thursday and Friday this week. Insurers should use the Simplified 2024 Catastrophe Reporting Form through the Insurance Regulation Filing …

They have combed the ashes for mementos, worried about where they would sleep, questioned their faith and tried to find a way to grieve amid the great, unsettling devastation. Residents have faced a year of challenges, practical and emotional, since …

Summers in New York City are difficult for Anthony Gay and his family. A small, portable air conditioner in his bedroom is the only relief they have from soaring temperatures in their Brooklyn rental. “The rest of the apartment is …

New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas, countering criticism that the state aims to force people away from the Jersey Shore by making it harder …

Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future. Climate change is fueling stronger, more persistent storms and the state’s …

Elon Musk’s social media platform X on Tuesday sued a global advertising alliance and several major companies, including Mars and CVS Health, accusing them of unlawfully conspiring to boycott the site and causing it to lose revenue. X filed the …

Crest Insurance Group has acquired Scottsdale, Arizona-based Provost Associates. Provosts specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest is an insurance brokerage firm headquartered in Tucson, Arizona, that provides property/casualty and …

The Department of Labor said it has obtained a federal court order that requires two New Jersey construction companies and their owners and managers to pay $600,000 in back wages and liquidated damages to 131 former employees after a federal …

Environmental groups filed a lawsuit against Suncor Energy on Tuesday, alleging that pollution from the company’s Commerce City refinery in Colorado has resulted in long-lasting harm to surrounding communities. The lawsuit was filed by Earthjustice on behalf of GreenLatinos, the …

CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making …