Data centers face potential credit rating downgrades due to moratoriums and cancellations driven by public opposition, according to S&P Global Ratings. Delays due to grid capacity constraints, environmental sustainability concerns and zoning shifts “could increase downward pressure on the creditworthiness …

CopperPoint Insurance Co., a workers’ compensation and commercial insurance provider based in Phoenix, has completed its acquisition of Boston-based General Indemnity Group (GIG), an insurance holding company specializing in commercial and contract surety. The sale to CopperPoint by Boston Omaha …

Those lobbying for changes in court rules to require disclosure of third-party litigation funding have a new ally – Sen. Chuck Grassley. Grassley, R-Iowa, the chairman of the U.S. Senate’s Judiciary Committee, submitted a letter to the Advisory Committee on …

The United Arab Emirates shut more beaches after an oil spill in the Persian Gulf raised concerns over environmental and health impacts. Sharjah said Al Hamriya Beach has been closed as a precautionary measure to prevent pollution from the oil …

Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted internet services and raised concerns about economic stability. GMO Internet Group, a leading provider of online financial services, said customers would be compensated for …

Assicurazioni Generali SpA plans to reduce around 9% of its workforce in Germany and downsize locations as part of a simplification effort in the European country. Generali plans to set up five regional centers in Munich, Cologne, Karlsruhe, Hamburg and …

Global firms and governments rushed on Thursday to patch critical flaws in the PHP programming language that underpins much of the internet, as cloud firms reported a surge of hacking attempts after the vulnerabilities were disclosed. The push came after …

Even as automated vehicles such as robotaxis grow more prevalent in the U.S., almost every mass transit system still requires a driver or operator on board. Two major cities are seeking to change that. Officials in Washington, D.C., recently advanced …

In the warming Florida market, post-legislative reforms, much of the focus has been on homeowners’ property insurance rates. But one segment has been overlooked to a degree: multifamily dwellings, a category that includes everything from duplexes and fourplexes to big …

Private plaintiffs’ lawyers stand to collect up to $1.27 billion from New Mexico if the state’s $25 billion court win against Meta Platforms this week is upheld, according to a Reuters review of a contract with the state. New Mexico …

PG&E Corp. said it may spin off, sell or otherwise separate its natural gas business if California doesn’t overhaul its wildfire liability rules. The utility’s 4 million gas customers are bearing borrowing costs associated with the company’s sub-investment-grade credit because …

Exxon Mobil Corp. has lost its appeal of an $815.5 million compensatory damages judgment that was awarded to a Mobil gas station mechanic who developed leukemia after years of exposure to benzene in its gasoline. On October 15, a three-judge …

Commonwealth University, part of the Pennsylvania public education system, has launched academic offerings in risk management and insurance (RMI) designed to prepare students for careers in the insurance, financial services and corporate risk management industries. The RMI concentration combines finance …

The Justice Department announced that the owners of a residential rental property in Oklahoma City have agreed to pay $52,500 to resolve a lawsuit alleging that they refused to rent a one-bedroom apartment to a single mother upon learning that …

Gas prices in two Midwestern battleground states saw further hikes on Thursday as the region’s market grapples with a refinery issue in Illinois. In Michigan, prices rose to $4.74 a gallon on Thursday, up from $4.59 a gallon on Wednesday, …

Zurich American does not get to reclassify a loss as one with a much higher deductible after it had already paid part of the claim, a federal appeals court said in a case involving rain damage to a massive solar …

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) for the members of Ohio …

Arizona is not usually known as a hot spot for severe weather, but this week the state experienced hail, flooding and even a rare tornado. A severe storm on Wednesday produced hail the size of golf balls in metro Phoenix, …

The Texas Commission on Environmental Quality has shut down its automated electronic filing system after watchdog groups said the agency violated a directive from Gov. Greg Abbott and issued multiple stormwater permits related to data center construction. The agency said …

Allianz UK has enhanced its renewable energy proposition and introduced simplified operational wording for customers with multiple technologies at the same site. The proposition covers onshore wind, ground-mounted solar and hydro, biomass, and anaerobic digestion, alongside battery energy storage systems …