The UK is investigating the firing of warning shots by a Russian warship near a British yacht just outside of its territorial waters. The UK received reports from a UK-registered yacht alleging Russia’s Admiral Grigorovich-class frigate fired the shots at …

This edition of International People Moves details appointments at the brokers Lockton and Aon. A summary of these new hires follows here. Lockton Appoints Lespérance as CEO of Canadian Business Lockton, the privately held independent insurance brokerage, announced the appointment …

ANV Group Holdings Ltd. said it has entered a definitive merger agreement with Open Lending Corporation. ANV said it will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction …

The Alabama Republican Party said U.S. Sen. Tommy Tuberville will remain the party’s gubernatorial nominee, rejecting a claim on Sunday that he had not lived in the state long enough to run for governor. The unanimous decision came after the …

Lawley, headquartered in Buffalo, New York, named three new team members. Stéphane Legris, insurance advisor, based in Buffalo and serving the Saratoga, New York region. As an insurance advisor, Legris specializes in business insurance, captive solutions, and construction, transportation, and …

A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …

A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …

Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …

Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …

Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …

The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …

Mostly complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …

Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …

The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …

Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …

An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for …

The battle between high-protein yogurts has entered the courtroom. Danone SA’s US subsidiary sued Chobani in US court on Monday, alleging that Chobani is improperly marketing how much protein is in a serving of its yogurt. The lawsuit, filed in …

Doubts swirled around the U.S.-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered. U.S. …

Ukraine is accelerating reforms to align its banking and insurance sectors with EU standards by 2028 despite wartime challenges, to buttress investor confidence and deepen economic integration with Europe, its central bank governor said. The European Union launched formal talks …

Insurance leaders say today’s risk environment is creating challenges that are more difficult to predict than ever before. This is leading insurers to rethink how they assess risk and make the right decisions without sacrificing speed and efficiency. “Risk is …