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Ascot Group Limited, a global specialty (re)insurance company, made several executive leadership appointments and organizational updates. Mark “Sarge” Pepper has been appointed president, global underwriting, effective October 1. In this expanded executive role, Pepper will lead Ascot’s efforts to elevate …

Federal Reserve Vice Chair for Supervision Michelle Bowman warned banks on Sept. 29 to buffer their systems against artificial intelligence threats while emphasizing the technology can benefit lenders. “AI offers great potential — both to threat actors and those buttressing …

A US appeals court on Tuesday upheld a ruling for information services company Thomson Reuters in its copyright dispute with former legal-research rival Ross Intelligence over Ross’ alleged misuse of copyrighted material to train an AI-powered legal search engine. The …

In another indicator of Florida moving back to a mostly market-based property insurance system, the number of insurance agents and agencies appointed with Citizens Property Insurance has dropped in the last year. “It’s a sign of the healthy marketplace: The …

New York Governor Kathy Hochul called for an independent review of Cornell University’s handling of a 2024 incident at a fraternity that resulted in new allegations of rape and sexual assault this month. Hochul weighed in Tuesday on a case …

I had a conversation the other day that brought an Idaho Supreme Court decision from 2022 to my attention. If you’re interested, it’s Pena v. Viking Insurance Company of Wisconsin. This is a case about an injury sustained in an …

Six Flags Entertainment Corp. is permanently retiring the X2 roller coaster, which has been the subject of lawsuits alleging that the ride caused brain injuries. “While X2 consistently passed a multitude of safety tests, we have decided to close the …

A Barnhart, Missouri man pleaded guilty to destroying property at a Telsa dealership in Kansas City, Missouri and to unlawfully possessing an unregistered destructive device. Kevin Harkins, 28, entered a guilty plea today in federal court to one count of …

Oklahoma Attorney General Gentner Drummon announced that the state’s lawsuit against NextEra Energy Marketing for allegedly violating Oklahoma law by charging excessive prices for natural gas during Winter Storm Uri will proceed to trial. An Osage County court granted Drummond’s …

Advantage Capital Holdings, parent of Atlantic Coast Life Insurance and Southern Atlantic Re, has dropped its lawsuit against the South Carolina insurance department director and has agreed to mediation instead. “The department welcomes the insurers’ decision to put this distraction …

ANV Group Holdings Ltd., the insurance intermediary platform, announced it has completed the acquisition of Car Care Plan (CCP) from AmTrust Financial Services Inc. CCP is the number one provider of motor warranty in the United Kingdom and a market-leading …

U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best. In fact, seven of eight years from …

Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of …

A group of 15 states and a Texas county on Sept. 28 sued the US Federal Aviation Administration over an environmental review of planned commercial drone package delivery rules. The states — including New York, California, Massachusetts, Wisconsin and Michigan …

Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …

The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …

Gov. Greg Abbott declared a statewide disaster on Monday over soaring diesel prices and a worsening fuel shortage created by wars abroad. The 30-day disaster declaration, which can be extended indefinitely, allowed Abbott to lift some restrictions on commercial transportation, …

WalkerHughes Insurance has acquired Burgett Insurance Agency, based in Killbuck, Ohio. The addition of Burgett further expands WalkerHughes’ footprint in Ohio and builds upon the firm’s continued growth in the state following its partnership with Sacksteder Worland Insurance Agency in …

Cornell University said it supports a decision by prosecutors to reopen a criminal investigation into allegations of sexual assault and rape at a campus fraternity, pushing back on criticism of how it handled the case. The Ivy League school defended …

The Paris Criminal Court found Spanish company Swiftair guilty of corporate manslaughter on Monday over the 2014 crash of an Air Algerie flight that killed 116 people in northern Mali. Swiftair, which had been sub-contracted to operate the flight on …