Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new …

Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional. New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insurance, such as representations and warranties, tax liability and …

At least three people — including the suspected gunman — are dead following a shooting early Sunday in downtown Austin, officials said. Fourteen others were injured. The suspected shooter has been identified as 53-year-old Ndiaga Diagne, Austin police said Sunday …

A Louisiana contractor was arrested last week on charges of fraud, filing false public records and forgery. The contractor, Jon Andersen, also received a cease-and-desist letter from Louisiana Insurance Commissioner Tim Temple. Andersen was arrested on Feb. 25 in Jefferson …

In the days since the US Supreme Court declared most of President Donald Trump’s global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won’t readily refund the billions of dollars it’s already collected. …

Greenpeace is fighting for its life in North Dakota’s court system, where a judge has decided to order the environmental group to pay an expected $345 million to an energy company whose Dakota Access oil pipeline construction drew protests nearly …

Anthropic PBC’s artificial intelligence chatbot Claude and related consumer-facing applications went down on Monday, with the startup saying it has been grappling with “unprecedented demand” for its services over the past week. Nearly 2,000 users had reported Claude AI service …

NASCAR racing star Kyle Busch and his wife have settled an $8.5 million lawsuit they brought against Pacific Life Insurance and an insurance agent that alleged the insurer and agent misled the couple and caused them to lose millions of …

Novartis has settled a lawsuit by the estate of Henrietta Lacks that alleged the pharmaceutical giant unjustly profited off her cells, which were taken from her tumor without her knowledge in 1951 and reproduced in labs to enable major medical …

Amid a worldwide resurgence of interest in nuclear energy, cracks are showing in California’s 50-year-old moratorium on the technology as artificial intelligence spikes electricity demand and the state struggles to meet its climate goals. New state legislation introduced last month …

Firefighters in southwest Florida on Friday continued battling an expansive blaze on a federal nature preserve as an unusually intense winter drought grips the state. The National Fire has burned more than 25,700 acres — an area larger than Manhattan …

A new federal approach giving U.S. companies more say over which proposals shareholders can vote on at their annual meetings is creating regulatory uncertainty and leading to litigation, activists said. The U.S. Securities and Exchange Commission in November changed its …

Amazon’s cloud-computing facilities in the Middle East faced power and connectivity issues on Monday after unidentified “objects” struck its data center in the United Arab Emirates. The objects had triggered a fire on Sunday that forced authorities to eventually cut …

Insurers in Australia are urging legislators to set up a A$30 billion ($21.4 billion) flood defense fund as the nation grapples with surging costs from extreme weather events. Funding would be used on tasks including the addition of more flood-protection …

Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region. Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life …

Travel chaos extended through the Middle East and beyond, sending airline stocks sharply lower on Monday, as carriers across the Persian Gulf extended blanket flight suspensions, causing major disruptions at some of the world’s busiest airports. Emirates, the world’s largest …

Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed off the waterway, upending regional logistics, slowing exports and threatening near-term production. At least 40 very-large crude …

Belgium seized an oil tanker belonging to the Russian shadow fleet on Sunday and suspected of sailing with a “false flag and false documents,” Belgian Defence Minister Theo Francken said. Western sanctions imposed on Russia for invading Ukraine and aimed …

Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers damaged, a seafarer killed and 150 ships stranded around the Strait of …

Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement was $17.3 million in 2025—marking a 20% increase from the previous year and …