News
Owner, Operator of Ship That Crashed Into Baltimore’s Key Bridge Settles With State for $350M
Maryland has settled with the owner and operator of the massive cargo ship that crashed into a Baltimore bridge two years ago, causing its deadly collapse, state officials announced Thursday. The ...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process. Allocations to catastrophe ...
Trump Blockade of Iran Ports Risks Widening War to High Seas
President Donald Trump's threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risks widening a war now entering its seventh week, lifting oil prices and raising ...
Strong El Nino, Warmer Sea Impacts Atlantic Hurricane Season Forecasts
Two new hurricane predictions forecast widely different storm totals for the 2026 Atlantic hurricane season. According to Colorado State University's research team in the Department of Atmospheric ...
Meta Pulls Ads Aimed at Recruiting Plaintiffs for Social Media Addiction Lawsuits
Meta Platforms said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing litigation accusing it and other social media companies of designing their ...
PacifiCorp Case Appellate Ruling Could Jeopardize $1B in Oregon Wildfire Victim Damages
An Oregon appeals court sided with PacifiCorp on Wednesday in a ruling that could jeopardize over $1 billion in damages for victims of the state's devastating 2020 wildfires. The Oregon Court of ...
Investors Press Amazon, Microsoft and Google on Water, Power Use in Data Centers
Amazon, Microsoft and Alphabet's Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder ...
Executives on the Move: New Claims Officers at Chubb, RLI
Chubb Limited announced that Kevin Rampe has been named senior vice president, Chubb Group, Global Claims Officer. The appointment is effective immediately. He will also retain his responsibilities ...