The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …

The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse” may sound interchangeable, but each plays a very different …

The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is that it’s not …

ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. Venture firm General Catalyst led the financing round, which included €150 …

Indonesia will need 51.8 trillion rupiah ($3.2 billion) to rebuild areas devastated by recent floods and landslides in Sumatra, according to the national disaster agency. More than 900 people have died as a result of monsoon rainfall that was intensified …

BNP Paribas plans to increase its stake in Belgium’s largest insurer Ageas to 22.5% from 14.9%, cementing its position as top anchor investor in a two-leg transaction worth 3 billion euros ($3.5 billion), the companies said on Monday. The deal …

Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are two of …

A Dunkin’ Donuts cashier who was stabbed by an Atlanta-area rapper has only the workers’ compensation remedy, even if the incident seems far outside the scope of work duties, the Georgia Court of Appeals has decided. “In this case, the …

Honolulu’s city council authorized $1 million to settle a lawsuit by the family of a 16-year-old boy who was shot and killed by police. The fatal shooting of Iremamber Sykap in 2021 came amid a national reckoning over police use …

Massachusetts’ highest court heard oral arguments Friday in the state’s lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2024 by Attorney General Andrea Campbell, alleges that Meta …

A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 96 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California’s Central Coast. The spill …

Three lawmakers who represent Piedmont, South Dakota, hope to change weak state mining laws that allowed a proposed limestone mine to be sited without notification or input by any local officials or residents. The plan by Simon Contractors to begin …

RiverStone International Appoints Pritchard as UK CEO RiverStone International Holdings, the legacy acquisition company, announced the appointment of Charlotte Pritchard as UK CEO, effective January 5, subject to regulatory approval. Pritchard succeeds Andrew Creed who will become group president (also …

Acrisure co-founder CEO Greg Williams is giving back to his alma mater in a major way. Michigan State University announced Williams and his wife are committing $401 million to the university, with most of the donation going towards the school’s …

Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms of the deal, which was announced today, were not disclosed. Arena is a leader in …

Marsh this week announced it has hired Tom Srail its cyber analytics and digital infrastructure leader for the U.S. and Canada. Srail had spend the last 21 years with WTW, mostly recently as executive vice president of its global cyber …

Private equity firms EQT AB, PAI Partners and Stone Point have been shortlisted in the bidding for German insurance brokerage Global Group, people familiar with the matter said. Global Group, which is backed by buyout firm Castik Capital, could fetch …

A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet GOOGL.O unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school …

The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple legal disputes and …

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., based …