The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to …

This edition of International People Moves details appointments at Liberty Specialty Markets and Berkshire Hathaway Specialty Insurance. A summary of these executive hires follows here. Liberty Specialty Markets Promotes Unstad as Head of Nordics Liberty Specialty Markets (LSM), part of …

A Pennsylvania man who was part of a group that stole paintings by Andy Warhol and Jackson Pollock among other valuables was sentenced to eight years in federal prison after pleading guilty to theft of major artwork. Thomas Trotta, 49, …

Megan Garcia says her son would still be alive today if it weren’t for a chatbot urging the 14-year-old to take his own life. In a lawsuit with major implications for Silicon Valley, she is seeking to hold Google and …

A former state correctional officer from Baltimore has been sentenced in the Circuit Court for Baltimore County for felony theft of $25,000 to $100,000 and ordered to pay $50,251.66 in restitution, announced Attorney General Anthony G. Brown. Prosecutors showed that …

The Great Bay Insurance Group, headquartered in West Atlantic City, New Jersey, named Timothy J. Byrne, Jr., president of the group, and Ronald R. Lovatt as president of Great Bay Insurance Co., a wholly-owned affiliate of the group. Byrne Jr. …

The head of the U.S. agency that enforces laws banning workplace discrimination on Monday warned 20 major law firms that their employment policies meant to boost diversity, equity and inclusion may be illegal. The letters from the U.S. Equal Employment …

The National Council for Occupational Safety and Health, a non-profit advocacy group, is sounding the alarm about a Kentucky bill that was passed swiftly this month and is now on the governor’s desk. If signed into law, it would limit …

Parametric hurricane coverage provider Vortex Weather has expanded its supplemental hurricane insurance solutions to Hawaii. Vortex’s parametric hurricane coverage provides automatic payouts based on National Hurricane Center data. The company promises swift claims process, with no proof of loss required. …

Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, announced it is expanding its property direct and facultative (D&F) portfolio with a new binder backed by Lloyd’s Somers Syndicates 3705 and 5423. This agreement provides Rokstone …

For the first time in four years, the U.S. property/casualty industry will finish a year with an underwriting profit. AM Best today in a “First Look” at US P/C financial results said the industry left 2024 with a $22.9 billion …

Unusually vicious and damaging weather across multiple U.S. states spawned violent tornadoes, blinding dust storms and fast-moving wildfires over the weekend, leaving at least 39 people dead. In the latest tally of the destruction, the Oklahoma Department of Emergency Management …

Australian pension fund Active Super has been fined A$10.5 million ($6.7 million) for making a number of misrepresentations about its environmental, social and governance credentials amid a regulator push to stamp out greenwashing. In June, the Federal Court found regulator …

Small plastic pellets washed up on the east coast of the UK, a week after two ships collided in the country’s waters. Nurdles, which are used to make plastic products and are usually just a few millimeters in size, were …

Allianz SE has agreed to sell its 26% stake in Indian joint ventures for about €2.6 billion ($2.8 billion) to local partner Bajaj Group, according to a statement. The German insurance company has entered into binding agreements with Bajaj Finserv …

Trump administration workforce cuts at federal agencies overseeing U.S. dams are threatening their ability to provide reliable electricity, supply farmers with water and protect communities from floods, employees and industry experts warn. The Bureau of Reclamation provides water and hydropower …

US executives are trying to soothe concerns that the Department of Government Efficiency’s contract-slashing spree might hurt profits, saying a modernized public sector is more likely to adopt their tools and services. DOGE, as Elon Musk’s cost-cutting initiative is known, …

Donald Trump’s executive order dismantling diversity, equity and inclusion efforts is making waves at international companies in Europe, Asia and beyond — but only on the surface. Quietly, many businesses are standing firm on diversity initiatives. Companies from Roche Holding …

Florida International University has long been known as a hurricane research center. Think: the famous Wall of Wind, the giant fan system that tests the effects of 157-mph winds on structures and materials. A much larger, stadium-sized testing facility for …

When Congress pushed ahead last year with adding 10 new daily flights to Washington D.C.’s Reagan National Airport, the Federal Aviation Administration had data showing an unnerving number of near misses in the already-crowded skies — something lawmakers apparently did …