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ACORD, the global standards-setting body for the insurance industry, announced the formation of the ACORD Inter-Association Advisory Council (IAAC). IAAC is a coalition of North American property/casualty associations representing independent agents, brokers, and intermediaries across the North American distribution channel. …

Gov. Abigail Spanberger is weighing whether to sign or veto legislation that would, for the first time, allow Virginians to file class action lawsuits in state courts — a shift advocates say would expand access to justice, but one that …

Specialty insurance market rates declined in 2025 and during the January 1, 2026 renewals, with the pace of change exceeding expectations, according to WTW’s Specialty Insurance Marketplace Survey (SIMS). Data from the January 1 renewals and new business point to …

Volkswagen’s Brazilian unit announced on Monday [May 4] a recall of five models manufactured up to five years ago for a software inspection and potential update to fix a malfunction in the instrument cluster. The recall includes the Polo, Virtus, …

The China Eastern Airlines Corp. jetliner that plummeted into a hillside in 2022, killing all 132 people on board, had its fuel supply cut during the flight, newly released investigative material shows, supporting the theory that the aircraft was intentionally …

Greece has rescued all nine crew members, eight Turkish and one Azerbaijani, of a cargo ship that hit rocks and sank off the island of Andros early on Wednesday, a Greek coast guard official said. The Vanuatu-flagged freighter had left …

President Donald Trump’s administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change. The U.S. Department of Justice, the administration’s law enforcement …

Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran’s nuclear program …

The fast-growing private credit industry’s deepening links with banks and asset managers are creating risks for the world’s financial system, a global watchdog said on Wednesday, warning that some broad measures point to rising defaults. Signs of underlying stress are …

Louisiana Insurance Commissioner Tim Temple on Tuesday issued a directive to residential property and personal auto insurers for mandatory annual reporting of policies. Beginning in 2026, data submissions are required on an annual basis, replacing the previous quarterly reporting requirement. …

Ten people were hospitalized after a valve malfunction led to a chemical leak at a Louisiana business on Tuesday, May 5. The Louisiana State Police Emergency Services Unit responded to a hazardous materials incident in Duson at approximately 7 a.m. …

Corgi AI Coverage Fills Gaps Left by Traditional Tech Coverage From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer just experimental, they are operational. But what happens when one of these systems malfunctions, …

The Trump administration is proposing rules to tighten security against rogue drone flights. Owners of certain facilities such as energy plants, oil refineries, state prisons and amusement parks would be able to request restrictions on drones near their sites under …

Microsoft, Google and Elon Musk’s xAI agreed to give the U.S. government early access to new artificial intelligence models for national security testing, as U.S. officials grow alarmed by the hacking capabilities of Anthropic’s newly unveiled Mythos. The Center for …

The New York Times was sued on Tuesday by the U.S. Equal Employment Opportunity Commission, which accused the newspaper of passing over a white man for a top editorial role because of his race and gender, in order to meet …

Air and wastewater may help spread bird flu on California dairy farms, according to a study that points to more transmission routes than previously understood. Researchers sampling 14 infected farms found the H5N1 virus in the air during milking, in …

The Department of Justice filed a Statement of Interest in a lawsuit filed against State Farm by homeowners who lost their homes in the January 2025 Los Angeles wildfires. The case, Ferrier v. State Farm Fire and Casualty Company, is …

A fire broke out Monday in the Broadway theater that hosts “The Book of Mormon,” forcing the long-running musical to close, at least temporarily, as the historic venue undergoes repairs. The blaze, which began in an electrical room, caused “substantial …

Society Insurance announced that Kshitij Kohli has joined the organization as vice president of information technology. In this role, Kohli will lead Society’s technology strategy and execution, with responsibility for core systems, infrastructure, cybersecurity and technology investments aligned with business …

TWFG announced that it has acquired Asset Protection Insurance Associates. This acquisition combines APIA’s deep specialization in the MGA space, and its highly client‑centric operating model, with TWFG’s expansive platform, resources, and growth infrastructure. By combining organizations, Castroville, Texas-based APIA …