At anchor in the Persian Gulf, Abhijit Chopra found out about the US-Iran peace deal when his phone lit up with messages from family and friends. The captain of a crude oil tanker, he had to temper his excitement. There …

A former Lincoln Township, Michigan Police Department Detective Lieutenant has pled no contest to falsifying salvage vehicle inspections, announced Michigan Attorney General Dana Nessel. Johnathan Chase, 54, of Stevensville, pled to one count of Misconduct in Office and one count …

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Louisiana Workers’ Compensation Corporation (LWCC), based in Baton …

H.C. Employees, LLC doing business as Home Creations, a homebuilder operating in Oklahoma and Texas, violated federal law when it fired an employee because of her pregnancy, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit announced today. …

Nearly two decades had passed since the storm. For many, the memory of what had happened on Goat Island had largely vanished into the Gulf of Mexico. Instead, what residents remembered that year were the piles of boats and cars …

Alliant Insurance Services has hired Justin Sorensen, ARM, as executive vice president within its mergers and acquisitions (M&A) vertical. Based in Chicago, Sorensen will deliver strategic risk and insurance solutions to a diverse, nationwide client base, drawing on his cross-disciplinary …

The Trump administration on July 1 declined to extend the U.S.-Mexico-Canada Agreement, starting a decade-long clock to wind down the trade deal as it seeks changes to try to restore manufacturing jobs and reduce U.S. trade deficits with its North …

The greenhouse gas emissions of Amazon.com Inc. and Alphabet Inc.’s Google spiked in 2025, pointing to a growing problem for the hyperscalers: reconciling their climate goals with the massive amount of energy required to power AI, much of it still …

Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in their respective market reports. “In the traditional property market, abundant reinsurer capacity continues …

New York City and the eastern US are set to swelter through the hottest day of the year so far, as a heat wave drives up power prices and strains electric grids. About 142.7 million people from Kansas to Maine …

The UK’s flood insurer of last resort is unfairly favoring wealthier households and will be reformed to reduce the burden of multimillion-pound payouts, the government said Wednesday. As part of the changes, Flood Re will lower the premiums it charges …

Bayer said on July 2 it was consolidating its U.S. Roundup business in a new unit, less than a week after scoring a major legal victory that blocked thousands of state-court lawsuits related to the weedkiller. The creation of the …

German federal prosecutors have charged a former Ukrainian army officer with being the co-perpetrator of a war crime over the 2022 Nord Stream gas pipeline blasts, accusing him of acting on behalf of Ukrainian state entities. Prosecutors said on Thursday …

A popular District of Columbia restaurant and nightclub will pay $243,350 to settle charges that it harmed employees by violating wage and hours laws. D.C. accused the company of denying employees sick leave pay, misclassifying workers as independent contractors, and …

Specialist Risk Group (SRG), the UK specialist insurance intermediary, announced the acquisition of London-based independent insurance broker Superian Insurance Group. The acquisition strengthens SRG’s ability to deliver specialist solutions to clients operating in increasingly complex and evolving risk environments, while …

The June heatwave that broke a series of temperature records in Europe has focused minds on the urgency of adapting to global warming in a continent once complacent about its relatively gentle climate and its ambitious goals on reducing emissions. …

Michael Platt’s BlueCrest Capital Management said the UK is “no longer a serious contender” as a place to do business after the firm lost a £200 million ($265 million) UK Supreme Court ruling over how some of its senior traders …

A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in …

Whether artificial intelligence will cause mass workforce cuts over time remains up for debate, but it is starting to leave an imprint on US employment data. A decline in payrolls in the financial-activities and information sectors — where AI adoption …

Miller, an independent specialist (re)insurance broker headquartered in London, appointed Kim Plant as head of North American property. Plant joins Miller from Amwins, where he served as a director in its North American property division from 2020, where he formed …