American International Group’s excess & surplus subsidiary Lexington Insurance has set up a dedicated financial institutions practice to support wholesale produced private company banks, asset managers, broker dealers, and others. Kevin Ware has been hired as head of financial institutions, …

Connecticut’s insurance regulator is weighing whether to approve a workers’ compensation industry proposal for an overall average decrease of 4.9% to the current voluntary loss costs and an average decrease of 5.8% to the current assigned risk rate level. If …

A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck …

Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over …

Davis Cartage Co., a transportation, warehousing and logistics company headquartered in Corunna, Michigan, violated federal law by allowing its president of logistics to sexually harass two female employees at its Owosso, Michigan location, the U.S. Equal Employment Opportunity Commission (EEOC) …

The US Department of Agriculture has caught its first wild screwworm fly since the parasite was detected in the country’s livestock nearly four months ago, signaling the potential for continued spread even as overall cases have remained muted. The wild …

BevCap Management has added David Gross as a business development Executive, where he will focus on expanding the reach of the company’s Dealer Management Group (DMG) and Sharefield captive solutions throughout the Midwest and Western United States. Gross brings more …

WTW said it released Radar AI Assistant, a new natural language capability within Radar Vision, its AI-driven performance and experience monitoring tool built for insurers. The AI technology enables pricing, underwriting, claims and portfolio management teams to identify emerging issues …

The European Central Bank’s top climate official says a pattern is emerging whereby the cumulative impact of extreme weather shocks is morphing into its own risk category. There is a “chronic impact that is slowly surfacing,” Irene Heemskerk, head of …

Insurance Journal’s Risky Future series is hosting the “AI Tools for Digital Quoting” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, retail agents, managing general agencies, agency principals, product leaders. This event will highlight …

A powerful Nor’easter storm with heavy rains and strong winds that took at least one life and flooded low-lying communities continued to menace the Mid-Atlantic and New England states today. The National Weather Service said the storm will continue to …

Florida’s attorney general has filed suit against a high-profile roofing company with offices around the country, seeking penalties, refunds to homeowners, and a court order that would bar the firm from further deceptive actions. Evolve Construction & Restoration and six …

Mexican authorities urged residents of Baja California Sur to prepare for the imminent arrival of Hurricane Polo on Monday, warning of life-threatening winds and flash floods. Restaurant and store owners in the coastal cities of Loreto and Ciudad Constitucion boarded …

China and the United States have agreed to cut tariffs imposed on $60 billion worth of goods imported from each other, on an array of products ranging from US corn to cosmetics, and from Chinese household appliances to toys. Under …

NOAA’s National Weather Service announced that Flood Inundation Mapping (FIM), a tool for predicting river flooding, has expanded from prior coverage of 60% of the country to 100%. The experimental mapping tool produces estimates of land area covered in water …

The halls of the Development Center for Ship Technology and Transport Systems in Duisburg, Germany are lined with model ships, small-scale prototypes of vessels that may end up working on Europe’s busiest waterway, the Rhine. This year, DST’s researchers are …

The UK was closely monitoring increased threats to a British airbase used in US strikes against Iran before an attempted attack was foiled on Sunday, people familiar with the matter said, adding that authorities had tightened security at the site. …

Vitol Group told Deutsche Bank AG in early August that contracts with Radiant World purportedly signed by Vitol’s chief financial officer weren’t real, according to a court ruling in Singapore. The confirmation from Vitol was one of the key factors …

Bangkok received nearly a month’s worth of rain in a single weekend, flooding roads and homes across the Thai capital, and forcing the government to close public offices and postpone economic data releases. More than 12 inches of rain fell …

Increased actions by US immigration enforcement are creating significant disruption to beefpacking operations in Kansas, an area where nearly all of the country’s major processors have operations. Thousands of cattle set to be shipped to beef processors have been affected …