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Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity. The new product provides a US$150 million limit, ensuring comprehensive protection against both physical and …

More than 200 bodies have been recovered at the crash site of a Boeing Co. 787 Dreamliner operated by Air India that was bound for London, according to police officials. Flight AI171 crashed shortly after taking off in Ahmedabad in …

UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members. Nearly 90% of respondents pointed to tech, …

For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Japan where diversification …

Former NFL player Kelvin Joseph is facing charges for his involvement in a crash that killed a female motorcyclist on a Dallas-area freeway, The Dallas Morning News reported. Police in the Dallas suburb of Richardson said on social media that …

Tesla Inc. already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through his alliance with President Donald Trump — and the company’s share price. Now investors are looking …

Fabcon, a Delaware corporation with a manufacturing facility in Ohio, was sentenced to pay a $500,000 fine, the statutory maximum, after pleading guilty to willfully violating an Occupational Safety and Health Administration (OSHA) rule, the Department of Justice announced. In …

Michigan State University has reached settlements worth about $30 million with three students who survived a mass shooting in 2023, attorneys said Tuesday. Three students were killed and five more were wounded when a man with no connection to the …

When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer that Larry Wilkinson may not have expected. “Really not much,” said …

The Trump administration is increasingly skipping a form of federal disaster aid that helps states better prepare for future storms, flooding and wildfires. The Federal Emergency Management Agency rejected requests for such resiliency money, known as Hazard Mitigation Grant Program …

President Donald Trump said his team will move forward with winding down much of the Federal Emergency Management Agency—but not until after a hurricane season that some projections show could be particularly deadly. “We’re going to do it much differently,” …

Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean. “Please do not go to the airport,” the …

Walt Disney and Comcast’s Universal filed a copyright lawsuit against Midjourney on Wednesday, calling its popular AI-powered image generator a “bottomless pit of plagiarism” for its use of the studios’ best-known characters. The suit, filed in federal district court in …

A new class action lawsuit alleges that digital insurer Lemonade has violated the privacy of as many as 190,000 drivers by exposing license numbers to cybercriminals through its online auto insurance quote platform. The complaint filed in federal court in …

The former owner and manager of the Royal India Cuisine restaurants in Kirkland and Lynnwood, Washington, face multiple felony theft charges for failing to pay employees nearly $45,000 from 2021 to 2023. Mohammad Rashid Bhatti, 74, and Aeisha Bhatti, 47, …

Coalition hired Ilsa Derfus as its director of capacity. At Coalition, Derfus will be responsible for managing relationships with carrier partners and will serve as the primary point of contact for all capacity-related matters. Derfus joins Coalition from McGill & …

Philadelphia Insurance Co. is currently experiencing a network outage that is affecting its systems. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications. “We are working to resolve this issue …

On Wednesday Erie Indemnity Co. reported that the network outage that has affected all of its systems for five days and is continuing to do so was the result of a security issue. In a filing with the Securities and …

Verisk Promotes White and Gregory Verisk’s Property Claims Services (PCS), headquartered in Jersey City, New Jersey, named Harry White as the new head of commercial strategy and Ted Gregory as head of research and operations. White has been with Verisk …

A federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower-court decision blocking them on grounds that he had exceeded his authority by imposing them. The decision by the …