Marsh & McLennan Cos. is urging US regulators to allow banks to hold less capital against loans covered by credit risk insurance as they look for new ways to offload data center exposure. Demand for hedging AI-related finance has exploded, …

SpaceX must face a lawsuit accusing it of illegally firing eight engineers who raised concerns about alleged sexual harassment and discrimination at the company after a US appeals court on Tuesday rejected its request to send the case to private …

Five US states have joined the Federal Trade Commission in a lawsuit that alleges telehealth company Hims & Hers Health engaged in deceptive and unlawful privacy practices, the FTC said on Oct. 10. The lawsuit alleges the company shared consumers’ …

In October, Shell Plc held a “DE&I in Action and World Mental Health” day, focused on inclusion and mental wellbeing. Staff in the US and elsewhere were encouraged to reflect on their experiences at work, to “practice care, courage and …

Australia’s blue-chip companies are increasingly invoking artificial intelligence as they cut jobs and move work offshore, unions and experts say, complicating the government’s efforts to support employment in a slowing economy. On Oct. 10, Qantas, Australia’s flag carrier, said it …

A New York City sightseeing helicopter on a maintenance flight made an emergency landing on Tuesday at a New Jersey cargo port after the pilot reported possible engine trouble. Two people were aboard the Bell 206L-4 helicopter when it came …

The tally of losses from the historic wildfires in Washington over the summer continues to grow, but by so do the lessons being learned. Insured losses from the wildfires that plagued Washington for nearly half the summer are nearing $1 …

Reported ties between Jensen Huang, the CEO of AI powerhouse Nvidia, and a suspected Chinese spy have sparked an investigation by the FBI, calls for congressional hearings, a review by the company’s independent directors and a proposed investor class action …

Liberty Mutual Investments, the investment firm for Liberty Mutual Group, said it has provided debt financing to Synergy Pet Group to support the company’s continued pet services and technology expansion. Synergy Pet Group, based in Lakewood, New Jersey, is backed …

Maryland’s highest court heard arguments on an appeal Monday that will affect 1,300 lawsuits filed under the Child Victims Act. The 2023 law effectively eliminated time barriers for someone to file a court claim of institutional sex abuse. At issue …

Cheung Joins Island Insurance as VP of Operations, Data and Product Management Island Insurance named Michelle Cheung to its executive team as vice president overseeing the organization’s operations and data products management. Most recently, Cheung was the IT development manager …

Indiana Attorney General Todd Rokita on Tuesday announced a settlement with Progress Residential, LLC and Pretium Partners, LLC, one of the nation’s largest owners and operators of single-family rental homes, resolving allegations that the companies engaged in deceptive and unfair …

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …

SpaceX plans to construct, own and operate a gas-fired power plant and super-compute facility at its company town in Starbase, Texas, according to a notice of a public hearing on the city’s website. The estimated investment for the initial phase …

AM Best is maintaining its stable outlook for the delegated underwriting authority enterprise (DUAE) segment, citing continued premium growth, strong demand for specialty expertise and technology, and a growing emphasis on underwriting discipline and governance. The segment recorded its fifth …

Climate negotiators from almost 200 countries will spend the next two weeks at an annual United Nations summit under a dark cloud of waning ambition to tackle rapidly rising global temperatures. The negotiating agenda at COP31, which opened Monday in …

Nearly 60% of scam cases handled by Allstate between January through September 2026 involved impersonation, according to stats provided by the insurer. Scammers posing as trusted people or organizations, such as banks, law enforcement agencies, delivery companies or family members, …

Property insurance claims from Hurricane Isaias have so far reached 68,000, totaling $736 million in losses, putting the Oct. 9 storm in line with Hurricane Sally, a minor storm that hit the same Panhandle area in 2020. The Florida Office …

Insurtech Lemonade reported a third quarter 2026 net loss of about $43.7 million compared with a loss of about $37.5 million during the same time in 2025. For the nine months ended Sept. 30, Lemonade has posted a net loss …

Independent insurance brokerage Ensurise, LLC announced that CIS Group has officially joined its organization. The merger was effective October 30, 2026. Terms were not disclosed. CIS Group, of Rockville, Maryland, is an independent insurance brokerage serving the Washington, D.C. metropolitan …