The Fidelis Partnership (TFP) announced the launch of Syndicate 2126 in partnership with funds managed by Blackstone, the alternative asset manager and private equity company, following in-principle approval from Lloyd’s. The syndicate will write across a number of property, specialty …

Hurricane Melissa is forecast to dissipate in the Atlantic Ocean next week, bringing wet and windy weather to northern Europe after wrecking havoc across the Caribbean. The record-setting storm left a trail of destruction in Cuba, Haiti and Jamaica, causing …

As Hurricane Melissa sweeps past Bermuda, new satellite data of Jamaica has revealed devastation for tourist center Montego Bay and much of the Western part of the country. At least 40% of the buildings and roads in the worst-hit areas …

Soaring temperatures are killing nearly 550,000 people around the world each year, part of a heat death toll that’s climbed more than 20% on a population-adjusted basis since the 1990s, according to the latest edition of the Lancet’s annual report …

Canopius Group, headquartered in Chicago, named John Tiesi as U.S. Head of Financial Lines. Tiesi leads the financial lines portfolio across Canopius’ U.S. operations. Tiesi has over 25 years of experience in financial and professional liability underwriting, with expertise in …

A former director at a US military contractor that sells computer vulnerabilities pleaded guilty on Wednesday to stealing and reselling $35 million in trade secrets to a Russian cyber-tools broker whose clients include the Russian government. Peter Williams, 39, worked …

Universal Music Group NV signed an agreement with artificial intelligence-powered music startup Udio to settle a copyright lawsuit and collaborate on a new commercial music creation and streaming service. Udio will launch the new platform next year, powered by AI …

Five more people have been arrested in the Louvre heist case, the Paris prosecutor said Thursday, after two alleged members of the group that stole jewels from the museum were charged. Authorities linked one of the new individuals detained to …

After several years of competitive pricing and capacity expansion, cyber insurers appear to be reassessing coverage breadth. Asked whether carriers are beginning to restrict coverage, panelists at Zywave’s Cyber Risk Insights conference in New York this week said there are …

The California Attorney General filed felony charges against eight people in connection with the theft of 19 vehicles throughout the U.S. with a combined value of more than $800,000. The complaint, filed in Alameda County Superior Court by Attorney General …

Boston city councilors are proposing an ordinance that would require Alphabet Inc.’s Waymo and other autonomous ride-share services to have a human operator present in the vehicle. The legislation would mandate a study on the technology’s effects on the employment …

Five current and former New York State Department of Corrections and Community Supervision (DOCCS) employees were arrested this week for separate schemes to defraud DOCCS and the state’s workers’ compensation system, resulting in a loss of more than $15,000 to …

Washington insurance regulator fines for violations amounted to $828,500 in July, August, September, and early October of 2025, according to the office of Washington Insurance Commissioner Patty Kuderer. That tally included a $100,000 fine for Regence BlueShield, which reportedly incorrectly …

A U.S. court reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school on Thursday. The Washington state Supreme Court reversed a lower court ruling that had vacated the verdict in a 2021 …

General Motors GM.N said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a …

Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …

Starr, a global investment and insurance organization, announced it has entered a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines data and analytics with underwriting expertise. Financial terms of the transaction were not been …

A new class-action lawsuit, if successful, could require the California owner of former military munitions bunkers near Edgemont to pay more than $17 million to people who rent the so-called igloos for use as homes or shelters to protect them …

A Florida appeals court today struck down the $200 million verdict against John’s Hopkins All Children’s Hospital in the Maya Kowalski negligence lawsuit, a case that had gained worldwide attention and was the subject of a Netflix documentary. “The trial …

Fermi Inc. has signed deals to begin production of four big nuclear-power reactors that would be used for a private data center grid campus in the Texas Panhandle. Shares rose as much as 9% after the announcement and a slew …