Three U.S. lawmakers have called on the American government to blacklist a set of Indian IT firms over what they describe as “more than fifteen years of targeted espionage against U.S. citizens, businesses, and the lawyers representing them.” In a …

CVC-backed Bamboo Insurance Services is targeting a valuation of up to $3.24 billion on a fully diluted basis in its U.S. initial public offering, the company revealed in a filing on Monday. The Midvale, Utah-based company’s selling shareholders are seeking …

A late-filed workers’ compensation claim can be considered valid where the lateness is due to the identity of the claimant’s employer being concealed from her. The Virginia Workers’ Compensation Commission (VWCC) has upheld a deputy commissioner’s ruling that found an …

Insurance brokerage The Baldwin Group, Inc. said today it has entered a definitive agreement resulting in becoming a privately held company. An entity formed by Sequence Holdings and DFO Management is to pay an all-cash sum of $7.7 billion to …

US Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory …

Mizuho Bank provided some $100 million in credit to Radiant World in June which was secured by invoices that a counterparty to the iron ore trader later said were invalid, according to documents and a source with direct knowledge of …

Insurance broker network Keystone, headquartered in Mechanicsburg, Pennsylvania, appointed Kevin Meskell as national brokerage leader. Meskell will lead Keystone’s national brokerage strategy — deepening the company’s carrier relationships and strengthening the placement capabilities behind every Keystone agency and platform partner. …

Online vehicle auctioneer Copart last Thursday agreed to acquire peer ACV Auctions in an all-cash deal of about $1.9 billion, marking its entry into dealer-to-dealer wholesale remarketing. The acquisition comes as Copart seeks to expand beyond its core auction business …

The AI-linked rally that has seen world stock markets soar over the last two years is showing growing signs of vulnerability, global central bank umbrella body, the Bank for International Settlements, said on Monday. In a new report, the BIS …

Warnings from researchers at leading U.S. artificial intelligence developer Anthropic that increasingly powerful models could escape human control and even lead to the extinction of the human race have drawn attention in China, where policymakers have been preparing for some …

New strikes on Saudi Arabia and on ships in the Gulf tested nerves in the Middle East on Sunday, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime disruption to …

Almost 300 women who say they were sexually abused by former Harrods owner Mohamed Al Fayed want as much as £150 million ($203 million) in compensation from the luxury department store, more than double the amount it’s set aside. The …

Ford is recalling 223,472 vehicles in the U.S. due to leaky and improperly secured fuel tanks that may detach from the vehicle while driving, the U.S. National Highway Traffic Safety Administration said on Saturday. Here are some more details from …

U.S. commercial insurance rates increased 0.5% in the second quarter 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing is continuing to move toward a more balanced market, with overall price increases moderating across …

For years, some of the leading figures in Silicon Valley have warned that artificial intelligence might pose an existential threat to humanity even as they pushed to develop the technology. This week, the high-profile resignation of an Anthropic researcher brought …

A form of self-insurance often associated with mining, oil and other environmentally risky sectors is quietly transforming the market for physical-risk coverage, thanks to the rise of mega AI data centers. Captives — whereby firms sidestep traditional insurers and instead …

For claims executives and insurance company leaders, one jurisdiction consistently demands disproportionate attention: California. The Golden State has long functioned as the nation’s bellwether for the liability trends, regulatory frameworks and legal doctrines that eventually ripple across the rest of …

Arizona has sued L’Oreal SA and its U.S. subsidiary, alleging the cosmetics company hid evidence that its hair relaxer products could cause cancer in women, as it faces thousands of similar lawsuits from users and their families. Arizona Attorney General …

A Long Island contractor has been charged with workers’ compensation fraud that officials contend resulted in the underpayment of insurance premiums by more than $160,000. Suffolk County District Attorney Raymond A. Tierney announced that Joseph Arthurs, of Patchogue, and his …

Six people have been convicted in a bribery scheme that enabled more than 100 people to fraudulently obtain commercial driver’s licenses, the U.S Attorney’s Office, Eastern District of Louisiana announced. Mahmoud Alhattab, a restaurant owner, led a scheme in which …