New York will lose more than $73.5 million in federal money because the Transportation Department said last week that state has refused to revoke nearly 33,000 questionable commercial driver’s licenses for immigrants since an audit uncovered problems last year. The …

An abrupt swing from hot weather to cold across the Northeast is frustrating some flower and fruit farmers who have had to either harvest blooms extra early or fear they could lose some crops altogether. Frosty nights aren’t unusual this …

Lawley Hires Fisher, Employee Benefits Consultant, and Street, Insurance Advisor Lawley, headquartered in Buffalo, New York, Hired Ryan Lynn Fisher as an employee benefits consultant in Buffalo and Carrie Street as a property and casualty insurance advisor in Rochester. Bringing …

The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state’s “insurance crisis,” which took …

Amwins and Vivere have partnered to launch a California FAIR Plan Wrap product. Developed by Vivere and distributed through Amwins, the product offers comprehensive coverage and fast quotes to the entire portfolios of California FAIR plan insureds, including commercial and …

Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open the world’s most important shipping corridor. …

President Donald Trump’s administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate federal wage laws. The U.S. Department of Labor unveiled a proposed rule that would narrow the circumstances in …

JetBlue has been sued in a proposed class action claiming it uses customers’ personal data to set ticket prices, after its response to a social media post raised concern that the carrier employed “surveillance pricing” to make flying more expensive. …

Strong winds whipped around Doug Bartek, a fifth-generation farmer, as he headed into a grain bin to shovel soybeans onto a conveyor chute. The 60-year-old was anxious at the onset of the spring planting season, rattling off the long list …

When it comes to Anthropic’s Mythos as friend or foe, Chubb CEO Evan G. Greenberg said the “arms race is on.” Speaking during a conference call to discuss first quarter earnings, Greenberg told analysts Anthropic’s Mythos artificial intelligence model has …

Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 points, Gallagher Re reported this week. …

It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle — and that’s not an easy ask. For a host of reasons, Hatzenbuhler and …

AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “bbb” (Good) of Louisiana Farm Bureau Insurance Company …

France’s forecasting office flagged suspected tampering with weather sensors at the country’s largest airport and referred the case to police, after detecting unusual readings alongside heavy betting on a popular prediction market. Automated temperature readings taken at Meteo France’s weather …

A joint legislative panel took more than four hours of testimony on a proposal to rescind and amend controversial flood rules approved on Gov. Phil Murphy’s last day in office. The discussion was spurred by a resolution sponsored by Senate …

Two workers were killed and 20 others, including first responders, were injured when a chemical reaction went awry at a silver recovery facility in West Virginia. The reaction and leak happened Wednesday at the Catalyst Refiners plant near Institute, about …

A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers. Euler ILS Partners, an alternative investor formed …

PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …

London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day. The acquisition, which follows a series of …

When I talk with our agents that serve middle market clients, the same themes consistently emerge: middle market businesses are optimistic, but they’re also fatigued and looking for more than traditional risk transfer from their insurance partners. Many owners are …