A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and kill 298,000 …

California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled to measure the snowpack amassed over winter on Tuesday — April 1 is the typical peak point before springtime melting. …

Australia’s remote outback in western Queensland has been swamped by flooding after being lashed with a year’s worth of rainfall in a week, sweeping away tens of thousands of livestock. Up to 500 millimeters (19.7 inches) of rain has flooded …

WTW announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. This strategic acquisition will accelerate performance by expanding into specialized businesses that align with the company’s technical, industry-structured and expertise-driven growth plan. Founded in Michigan …

The Hartford of Hartford, Connecticut said Shekar Pannala was named the company’s chief information officer and leads technology, as well as cybersecurity, infrastructure and cloud modernization. Prior to joining The Hartford, Pannala was global CIO of Chubb. Before Chubb, Pannala …

A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s bankruptcy strategy …

The contractors of an under-construction tower that crashed in Bangkok during last week’s earthquake apparently used substandard steel bars made by a factory that had been shuttered by authorities. Samples of two different sizes of steel bars collected from the …

Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmament. AGI wrote to its clients …

Zurich Insurance Group has agreed to acquire a minority stake in Icen Risk, a company that specializes in insuring mergers and acquisitions. The transaction will see Zurich take a “significant minority” in London-based Icen and will help support its growth …

A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years. At stake, the scope …

A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the Consumer Financial Protection Bureau, the latest rebuke from the courts in the White House’s efforts to remake the federal …

A relative newcomer to the personal lines space—Lemonade—marked a milestone this week, announcing that it surpassed $1 billion of in force premiums, a measure of annualized premiums that the insurtech tracks on a regular basis. But the number of renters, …

Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the …

Rumors of the demise of asphalt shingles in Florida are greatly exaggerated. Asphalt shingles provide a great, cost-effective option for consumers. But in recent weeks, groups with varying interests and motivations — including those who sell roofing products that compete …

The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate. “We’re finally getting some movement …

A California bill requiring insurers to provide a notice to homeowners before conducting an inspection with aerial imaging is set for a committee hearing on Wednesday. Assembly Bill 75 requires insurers to provide a notice to homeowners at least 30 …

The Massachusetts seven-year statute of repose for medical malpractice claims does not shield professionals against separate acts of negligent treatment that allegedly occurred in the years after a disputed medical event more than seven years ago. The ruling came in …

Nevada gaming regulators have issued a $10.5 million fine against the Resorts World casino on the Las Vegas Strip over allegations of illegal gambling, many of which centered on a bookmaker with ties to the interpreter for baseball star Shohei …

Virginia now has a law on the books that will require that cars of reckless drivers be equipped with technology that prohibits them from exceeding speed limits. The new law (HB2096), which will not be effective until July 2026, requires …

A former New York City Fire Department chief will spend 20 months behind bars after admitting to taking thousands of dollars of bribes in exchange for preferential treatment on building inspections and approvals. Brian Cordasco, a chief in the Bureau …