Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump’s sweeping tariff plan. …

The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon and Gallagher Re. “The …

Brown & Riding, headquartered in Dallas, hired Robert Conyers Jr., to lead B&R’s environmental practice with Jeff Hubbard. With over eight years of industry experience, Conyers joined Brown & Riding in 2017 and was named a principal in 2023. In …

Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledged to clients …

A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …

Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “marks a significant …

The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Lavey has 35 years of experience in insurance and technology, including the past 19 years at The Hanover …

The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitoring …

Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers are routine in the offshore …

Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.” Further progress may …

Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. National Cyber Security …

Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments came as …

French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covea Group’s acquisition of PartnerRe in 2022. SCOR said it firmly …

Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, according to the Federal Reserve Bank of …

Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. The software company has recently halted …

A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute published …

A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, …

Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing significant evidence that …

The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …

Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompassing new business, …