Britain’s insurance industry is urging the Bank of England’s regulatory arm to rethink its live crisis simulation, citing heavy reporting demands and unrealistic scenarios in a stress test that pushed firms “to their absolute limit.” The Prudential Regulation Authority’s first …

The Trump administration is weighing a plan to establish a government-led incubator aimed at investing in cybersecurity research and spinning out startups focused on developing tools for the government to use, according to people familiar with the situation. The White …

The National Association of Professional Insurance Agents has made David Gorman its president, succeeding Mark Suhr. Gorman, of Dallas, founded Red Gorman Insurance Services in 2018 and has a long history of service to the independent insurance agent community holding …

Hershey won the dismissal of a lawsuit claiming it let down consumers because its Halloween-themed Reese’s pumpkins lacked the decorative carved designs shown on the packaging. U.S. District Judge Melissa Damian in Miami said the two Florida residents leading the …

Asset owners are increasingly concerned about the impact of artificial intelligence on the environment and society, according to a report by Morningstar Inc. In a survey of more than 500 pension funds, family offices, endowments, sovereign wealth funds and other …

Earlier this month, federal legislation was introduced to make motor vehicle collision fraud a federal crime, according to a joint press release by Congresswoman Laura Gillen (D-NY-04) alongside U.S Representatives Troy Nehls (R-TX-22), Josh Gottheimer (D-NJ-05) and Vince Fong (R-CA-20). …

The remains of the final missing Tennessee victim from Hurricane Helene were found two years after the storm devastated Appalachian mountain towns with floods that wiped away whole communities. Nancy Tucker, 76, disappeared along with her husband, Jimmy Tucker, when …

European Union officials insist they need to see a credible effort from China to rebalance its trade relationship with the bloc by next month or they will use all “tools” at their disposal to fix the situation. EU trade chief …

A federal district court in New York has approved a $10.5 million class action settlement by digital insurer Lemonade over its exposing license numbers of as many as 190,644 drivers to third parties through its online auto insurance quote platform. …

Workers’ compensation provider Summit has expanded its coverage into Maryland and Washington, D.C. Summit-managed carriers — Bridgefield Casualty Insurance Co., Bridgefield Employers Insurance Co. and Bridgefield Indemnity Insurance Co. — received regulatory approval to begin offering workers’ compensation coverage in …

New York Attorney General Letitia James encouraged workers at artificial intelligence companies to confidentially report activity they think is dangerous or illegal to her office. In a Thursday press release, James pointed to an online portal she said whistleblowers could …

Hawai’i Employers’ Mutual Insurance Company Inc. is returning $5 million to qualifying policyholders this year, a move that the workers’ compensation insurer said marks the 20th consecutive annual dividend declared by its board. This payout also matches the largest dividend …

A sexual assault trial started Monday for a New Hampshire man whose arrest more than seven years ago kicked off one of the biggest youth detention scandals in U.S. history. Former youth counselor Jeffrey Buskey, 60, of Litchfield, faces allegations …

Burns & Wilcox promoted Tom Carvalho to regional vice president. The promotion is effective Oct. 1. Carvalho will oversee Burns & Wilcox operations in Portland, Oregon; Seattle, Washington; and San Francisco, Sacramento and Fresno, California. He will report to Rich …

The Atlantic has been pretty quiet so far this season, but one system east of Bermuda could soon develop into a tropical storm, the National Hurricane Center said Thursday. If the storm were to develop into a Category 5 hurricane …

Lely North America, Inc., an international agricultural technology company headquartered in Pella, Iowa, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s charge investigation found that Lely violated …

The Insurance Industry Charitable Foundation has named Sabrina Timmins, a senior vice president at CNA insurance, as chair of the foundation’s Southeast region. Timmins heads the South regional for Chicago-based CNA, one of the largest commercial insurers in the United …

A legislative committee will hear from the Texas Railroad Commission on Tuesday as the agency prepares to update its rules for inactive oil and gas wells, now required under state law. The Railroad Commission regulates oil and gas production. It …

Jeff Black has joined Alliant Insurance Services as Senior Vice President within its Employee Benefits Group. The Chicago-based consultant will advise a diverse portfolio of clients on human capital and benefits strategies designed to support growth, organizational transformation, and critical …

Meta Platforms CEO Mark Zuckerberg said on Tuesday that competition and liability give AI companies enough reason to act individually on safety, appearing to break from calls by leaders of top AI firms for a coordinated slowdown in AI development. …