British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are getting in touch with about …

Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression is currently spinning in the …

Xiaomi will issue a software update for over 115,000 of its popular SU7 electric sedans to fix potential safety issues when its assisted driving features are used, a Chinese regulator said in a product recall notice. It is the second …

Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount of such loans provided by …

It should come as no surprise that Hollywood has not made many movies about insurance—arguably among the least glamorous of industries. However, there are three insurance-themed films worth watching. Two from the 1940s film noir era are Double Indemnity and …

The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to keep operating. The Department of …

XPT Specialty added Rachel Gary to its Pacific Northwest team in its Seattle, Washington office. Gary has more than two decades of insurance industry experience, previously serving a decade-long tenure at Hull & Company, where she progressed from underwriting associate …

A federal judge has granted an injunction against the Vermont judiciary in a legal action brought by news outlets aimed at curbing delays when seeking newly filed civil lawsuits. The ruling issued this month by Judge Christina Reiss is the …

ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages to a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should instead be held responsible due to their alleged negligence. The insurer …

Via Transportation Inc., the public transit software maker that went public last Friday, will partner with Waymo to launch autonomous shared rides in Arizona this fall. The program will start in Chandler, whose existing Flex service lets the public book …

A copyright infringement lawsuit former Congressman George Santos filed against talk show host Jimmy Kimmel and ABC was properly dismissed by a lower court judge, an appeals court said Monday. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected …

A Clark County, Washington excavating company was fined $140,500 for knowingly putting workers in danger after a Washington Labor & Industries inspector witnessed employees pulling co-workers out of a 12-foot-deep trench where they were installing a new sewer line. According …

The US Justice Department accused a British teenager on Thursday of engaging in a yearslong spree of cyberattacks that targeted 47 American organizations and netted more than $100 million in ransom payments. Thalha Jubair, 19, from London, participated in a …

Residents of Jefferson Parish, Louisiana could soon see a reduction in flood insurance premiums, after the parish improved its class rating for the National Flood Insurance Program (NFIP). Jefferson Parish’s Community Rating System (CRS) will improve from a Class 5 …

One of the nation’s first doctors accused of illegally providing care to transgender youth under GOP-led bans was found to have not violated the law, Texas Attorney General Ken Paxton’s office says, nearly a year after the state sued the …

An auto parts manufacturer with a facility in Plymouth, Michigan, violated federal law when it refused to allow an older, female worker with a disability to re-enter its apprenticeship program, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a …

A Belleville, Illinois man appeared in federal court to admit to an arson charge for setting a fire in a Lebanon gas station bathroom. Carlos A. Rodriguez, 33, pleaded guilty to one count of arson of real property used in …

Wall Street’s top regulator will on Wednesday consider a policy change that could allow companies going public to force shareholders to resolve disputes in private arbitration rather than through court litigation, in a major shift that could weaken investor rights. …

This edition of International People Moves details appointments at Arch Insurance and DUAL Europe. A summary of these new hires follows here. Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance, France Arch Insurance announced the appointment of …

Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington today Michelle Sartain, who has worked at Marsh for more than 28 years, encouraged lawmakers to reauthorize the Terrorism …