Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. “The orderly completion of the renewal, with no structural disruption, disciplined capacity and cedent-friendly pricing outcomes, …

Pawtucket, Rhode Island-based toymaker Hasbro, Inc. reported it is investigating a cybersecurity incident after identifying unauthorized access to its network on March 28. The company said it has taken certain systems offline and launched an investigation with the assistance of …

Mississippi will soon become the latest state to provide wind-mitigation grants for homeowners if the governor signs bills approved by lawmakers this week. Senate Bill 2049 revives a 20-year-old retrofit plan and creates the Strengthen Mississippi Homes Program, providing grants …

The state of Georgia must pay some 5,000 military service members and their spouses a total of $3 million to settle charges that state boards failed to recognize out-of-state professional licenses. The U.S. Department of Justice announced this week that …

A committee of senior officials in President Donald Trump’s administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles. The decision, …

Kroger Texas L.P. – Houston Division, operator of Kroger grocery store #300 in Houston’s Clear Lake/NASA area, violated federal employment law when it failed to accommodate and then fired an employee because of her disability, the U.S. Equal Employment Opportunity …

A Trump-appointed federal judge in South Texas this week dismissed a lawsuit filed by a woman in the Rio Grande Valley who alleged that her rights were violated after prosecutors charged her with murder in a controversial case that made …

A tugboat captain has been charged in a deadly Miami collision in July that killed three girls from a sailing camp, federal prosecutors said Tuesday. Yusiel Lopez Insua, 46, of Miami, faces a charge of seaman’s manslaughter in the crash, …

A commercial fleet lender is paying $1.64 million to settle allegations it made false claims to take advantage of a loan loss insurance program. California Attorney General Rob Bonta settled with Crossroads Equipment Lease and Finance over alleged false claims …

Federal law enforcement officials report they arrested Zhan Petrosyants, charging him with operating an extensive no-fault automobile insurance fraud scheme that involved submitting tens of millions of dollars in fraudulent medical claims and laundering the proceeds. Petrosyants, 44, also known …

Jurors failed to reach a verdict on Tuesday in the corruption trial of two fired FirstEnergy Corp. executives charged with alleged roles in a $60 million scheme to bribe politicians for a $1 billion nuclear bailout and other favors. The …

When pollution gets bad enough in the rivers supplying Iowa’s largest city with drinking water, it costs Des Moines around $16,000 a day to run a special system to filter out dangerous nitrates. It’s a fact of life in the …

Hailstorms drove record insured damages as severe convective storms become more common and damaging, popping up in new places, a new report shows.

Three paintings by French masters Pierre-Auguste Renoir, Paul Cézanne and Henri Matisse stolen from a museum in northern Italy last week were probably not insured, according to market sources. One fine art underwriter told the Reuters publication The Insurer that …

The motor finance industry must pay around 9.1 billion pounds ($12 billion) to compensate UK motorists for unfair vehicle loans under the market regulator’s trimmed, final bill for one of Britain’s costliest financial mis-selling scandals. The headline number, unveiled by …

In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks at anchor with missiles and drones passing overhead, it could finally sail safely out through the Strait of Hormuz and …

Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran, sending oil prices back well over $100 a barrel in a blow to consumers around the …

The Slack messages began arriving at 5:47 a.m. on a recent Monday. Three sales proposals had gone out the previous week and none of the team members had scheduled follow-ups. The reminders were crisp, professional and relentless — and they …

Markel said James Shankland has been appointed head of ocean cargo, U.S. He will lead the growth of Markel’s U.S. cargo portfolio, and be responsible for underwriting strategy, portfolio management and broker engagement. He’ll work closely with actuarial, claims, operations …

A number of Baidu Inc.’s Apollo Go robotaxis suddenly stopped on the streets of China’s Wuhan city on Tuesday, trapping passengers in vehicles and raising concerns about the safety and reliability of autonomous driving technology. Wuhan police received multiple reports …