News
U.S. Treasury to Consult With Insurance Regulators on Private Credit Lenders
The U.S. Treasury Department is expected to convene in the coming weeks the first of a series of meetings with domestic and international insurance regulators about recent developments in jittery ...
Electric Bikes Pose Safety, Injury Risks
The 14-year-old was riding an electric bicycle at an estimated 25 mph when he slammed into Janet Stotko during her evening walk, leaving her unconscious and bleeding on a sidewalk in her Minnesota ...
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War
Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic ...
FEMA to Offer $1 Billion for Disaster Resilience After Lawsuit
The Federal Emergency Management Agency said Wednesday it will fund up to $1 billion in disaster-resilient infrastructure under a grant program it had previously canceled and criticized as being ...
More Insurance M&A Deals on the Horizon?
Two firms tracking mergers and acquisitions in the insurance industry reported changes in property/casualty insurance deals last year, with one describing "increased momentum" and another ...
Roadless Rule Recision on Forest Lands Could Increase Wildfire Risk: Study
Last year, the U.S. Department of Agriculture (USDA) announced that it was rescinding the 2001 Roadless Rule, but a study that followed indicated that by overturning the rule, wildfires were much ...
Demand, Risks for Global Data Center Insurance Growing: Report
Fast growth in data center construction is pushing up insurance demand and risks for the sector, a report published by Swiss on Friday said. Global insurance premiums linked to data centers are ...
Safety System Failed to Prevent Deadly Runway Collision at LaGuardia Airport
The systems in place at New York's LaGuardia Airport to prevent ground collisions failed to keep an Air Canada jet from smashing into a fire truck that had just pulled out on the runway as the plane ...