Houthi Rebels Sink Ship in Red Sea, Killing at Least 4 With 11 Missing: EU Naval Mission
Four people are presumed dead and 11 others are still missing after a Liberian-flagged cargo ship sank in the Red Sea following an attack by Yemen’s Houthi rebels, a European Union naval mission said Friday. The update from the EU’s …
Tesla Plans Robotaxi Expansion to California and Arizona
Tesla Inc. is aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. Chief Executive Officer Elon Musk predicted on his social media service …
Questions Linger on Response to Deadly Texas Flash Flood
Key questions remain unanswered about the actions Texas officials took both before and during the catastrophic July Fourth holiday floods as a painstaking search for victims continues along the Guadalupe River nearly a week later. Officials have avoided specific explanations …
Ohio Rules That Data Centers Pay for Minimum Energy Needs
Regulators in Ohio, a key data center market, ruled that data centers will have to pay for some of their energy requests regardless of whether the electricity ends up being needed. The Public Utilities Commission of Ohio on Wednesday voted …
Trump Administration Investigates Minnesota Agency’s Affirmative Action Policy
The Trump administration said Thursday that it has opened an investigation into whether a Minnesota state agency’s newly updated affirmative action policy violates civil rights laws. The Minnesota Department of Human Services’ policy requires supervisors to provide a “hiring justification …
Farmers in Texas Face Severe Losses From Floods
Across a wide swath of Texas, the inundated rivers that ravaged communities also tore through farms and ranches. In the town of Bend, about two hours north of Austin, Boyd Clark waded into rising waters to help one of his …
NC Man Claimed Almost $300,000 in Travel Insurance Losses. Then He Was Arrested
Oscar Rafeal Ruiz was a busy man in 2023 and 2024, jetting to numerous places, losing his luggage multiple times and filing travel insurance claims of almost $300,000. The problem, North Carolina authorities said, is that most of the claims …
T-Mobile Ending DEI Programs as it Seeks FCC Approval for 2 Deals
Wireless carrier T-Mobile US said on Wednesday it is ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it seeks regulatory approval for two major deals. T-Mobile said in a letter to Federal Communications Commission …
Countertop Maker in Georgia Fined for Exposing Workers to Silica Dust
The federal Occupational Safety and Health Administration fined a Georgia countertop maker $33,000 for allegedly exposing workers to high levels of silica dust, which causes silicosis and other respiratory ailments. Brazilian Stone Design, in Powder Springs, which makes and sells …
Georgia Commercial Lender Owner Charged With $140M Ponzi Scheme
NEWNAN, Ga. (AP) — A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday. The civil lawsuit by the U.S. Securities and Exchange Commission …
How Northeast States Will Share in $720 Million Opioid Settlement With 8 Firms
States have secured about $720 million in settlements from eight pharmaceutical companies accused of fueling the opioid epidemic. The settlement was achieved as part of a nationwide collaborative effort by state attorneys general. Individual states’ ultimate shares of the $720 …
Microsoft Outlook Users Experience Hourslong Outage Impacting Email
After Outlook users ran into issues accessing their email accounts late Wednesday and into Thursday, Microsoft says that affected systems are back online. Microsoft 365 first said that it was investigating an issue with Outlook Wednesday night, and later shared …
How Carriers Can Win More Retail Broker Biz: Report
By segmenting retail brokers into tiers using premium volume, profitability and strategic alignment as factors to define top tiers, carriers can start to win more business, according to a new consulting firm report. The report, How Insurers Can Win More …
People Moves: Consilium Taps Carpenter’s Coleman for C-Suite After Co-CEO Baird Suddenly Exits; Everest Promotes Shaw as Chief Commercial Officer of Int’l Division
This edition of International People Moves details appointments at the broker Consilium and Everest’s International Insurance Operation. A summary of these new hires (and one exit) follows here. Consilium Taps Carpenter’s Coleman for C-Suite, as Co-CEO Baird Is Removed Consilium, …
Gun Makers Lose Appeal of New York Law Making Them Potentially Liable for Shootings
A New York state law holding gun manufacturers potentially liable when their weapons are used in deadly shootings was upheld Thursday by a federal appeals court. The ruling Thursday by the 2nd U.S. Circuit Court of Appeals in Manhattan affirmed …
Markets/Coverages: Aon Launches Insurance Facility for Full Lifecycle of Data Centers
Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As global investment in digital …
Red Sea Insurance Premium Spikes as Houthi Risks Return
The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …
European Commission to Propose Floating Russian Oil Price Cap
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission proposed …
US Faces More Extreme Weather Events, but Is Society Doing Enough?
After deadly flooding in central Texas in 1987, some thought they’d proven they could handle Mother Nature’s best punch. Then came this month’s horrific flash floods, when unfathomable amounts of rain fell in only hours and more than 100 people …
CSU Hurricane Season Forecast Adjusted to ‘Slightly’ Above Normal
The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which break up storms, is …