China Calls for France to Help Resolve Trade Differences With EU
China called on France to help resolve trade differences with the European Union, as Beijing seeks to shore up ties with the bloc amid simmering tensions with the US. “It is normal to have differences in bilateral economic and trade …
Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme
Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Hayes. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilty to falsification …
Trucordia Gains $1.3B Investment From Carlyle to Propel Growth
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.7 billion, and it will reduce the company’s debt relative to equity while simplifying its governance …
Canadian Wildfires Cause Unhealthy Air Quality in Midwest
Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more than 27,000 …
Texas Wants to Kill a Cannabis Boom It Accidentally Helped Stoke
Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …
Iowa Amusement Park Settles Lawsuit Over 11-Year-Old’s Drowning in 2021
An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …
People Moves: Mosaic’s DeLong Promoted to Global Market Engagement Officer, Bonkoski Joins as Cyber Head
Mosaic Insurance, headquartered in Hamilton, Bermuda, promoted Yosha DeLong to the new role of global engagement officer and hired cyber and technology liability executive Brian Bonkoski to lead the company’s cyber business. Based in Chicago, Illinois, DeLong has built Mosaic’s …
Tariffs Stoke Supply Chain Worries for US Businesses, Gallagher Survey Shows
A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise fears of renewed trade friction, …
Will DeSantis Sign Bill Allowing Longer Noncompete Agreements in Florida?
While federal agencies and some states have moved to rein in the reach of noncompete agreements, a Florida bill awaiting the governor’s signature would go in the opposite direction, significantly lengthening the agreements and expanding employers’ ability to enforce them. …
Musk’s X Aims to Soothe EU Regulators With Blue Check Disclaimer
Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators that it’s deceptive and should be overhauled. X started showing users …
Penn Wins Dismissal of Antisemitism Suit by Jewish Students
A federal judge dismissed a lawsuit against University of Pennsylvania filed by Jewish students over antisemitism, ruling they failed to show the Ivy League school engaged in intentional discrimination. US District Judge Mitchell Goldberg ruled Monday in a case by …
Pilot Avoids Crash, Lands Small Plane in Long Island Sound
The pilot of a small plane that was about to crash managed to land it safely in the cool, choppy waters of Long Island Sound off Connecticut and called 911 to provide his precise coordinates before the aircraft sank, authorities …
People Moves: Al Fardan Named Non-Exec Chairman, Burns & Wilcox MENA; Aon Appoints Marcell to CEO of Global Solutions
H.W. Kaufman Group Names Hasan Fardan Al Fardan as Non-Executive Chairman, Burns & Wilcox MENA H.W. Kaufman Group named Hasan Fardan Al Fardan as the non-executive chairman for Burns & Wilcox, Middle East and North Africa (MENA). He works closely …
Stonetrust Insurance Credit Ratings Unchanged Amid Acquisition of Southern Vanguard
AM Best said that the Credit Ratings (ratings) of Southern Vanguard Insurance Company (Southern Vanguard) (Austin, Texas) and the members of Stonetrust Insurance Group (Stonetrust) (Baton Rouge, Louisiana) remain unchanged following the May 27, 2025, announcement that Wintaai America Inc. …
Judge Dismisses California’s Tariff Lawsuit, Teeing up Appeal
A U.S. judge dismissed the state of California’s challenge to President Donald Trump’s tariffs, allowing the state to file an appeal over the court’s ruling that the dispute should have been filed in a specialized U.S. trade court in New …
Report: Long COVID Accounted for Nearly 74% of California Comp Virus Payments
Long COVID cases accounted for 82.1% of the treatment payments on COVID claims and 73.7% of all COVID-19 claim payments in California’s workers’ compensation system, according to a study. The study from the California Workers’ Compensation Institute shows one-in-21 California …
Pennsylvania AG Reaches Settlement With AI-Based Property Management Platform
Pennsylvania Attorney General Dave Sunday announced a settlement with Home365, LLC, regarding the Las Vegas-based property management company’s alleged failures to timely address Pennsylvania tenants’ maintenance needs. The voluntary compliance settlement also alleges Home365 failed to return tenant security deposits. …
People Moves: Lloyd’s Makes Executive Team Changes
Lloyd’s, headquartered in London, the world’s leading marketplace for insurance and reinsurance market for global risk, made several new appointments and updates to its executive team. Rachel Turk is appointed as chief of market performance and will join the Council …
People Moves: BevCap Names Dinardo as SVP of Captive Operations
BevCap Management, a program manager for casualty and medical stop loss captive insurance companies in multiple domiciles, announced that Dawn Dinardo has joined its team as SVP of Captive Operations. With nearly 20 years of experience in captive insurance management, …
Northern US Mayors Call for End to ‘Irrational’ Trade War With Canada
Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s most successful economic relationships. …