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A member of a notorious cybercrime gang known as Scattered Spider was sentenced on Wednesday to ten years in prison in connection with a string of major hacks and cryptocurrency thefts. US District Judge Harvey Schlesinger delivered the sentence to …

Hurricane Erin is triggering dangerous beach conditions across much of the US East Coast that will likely last into the weekend, as the storm pushes north in the waning days of the summer travel season. Erin is not currently forecast …

Willis, a WTW business, announced the launch of Gemini, the first digital facility designed to deliver sustainable capacity locally to clients across their insurance portfolios. This solution is designed to address the increasing complexity of risk and market volatility, providing …

Italy’s Ventina glacier, one of the biggest in northern Lombardy, has melted so much due to climate change that geologists can no longer measure it the way they have for the past 130 years. After this year’s hot summer, geologists …

Orange SA’s Belgian business said that hackers gained access to data from 850,000 customer accounts, in the third major cyberattack targeting the French telecommunications firm this year. The company detected that one of its IT systems had been compromised at …

One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running. The oil …

Canadian energy giants Cenovus Energy Inc. and Enbridge Inc. are facing a greenwashing complaint by an investor group that accuses the companies of misleading disclosures over emissions targets. Investors for Paris Compliance (I4PC) accused the oil sands producer and the …

With more states adding or considering restrictions on third-party funding of lawsuits, one of the largest litigation finance firms is now planning to invest directly in some law firms. “We are pursuing strategic minority investments in firms where we can …

Are property/casualty insurers facing a potential retention problem with small business customers? According to the J.D. Power 2025 U.S. Small Commercial Insurance Study, just 55% of customers say they “definitely will” renew with their current insurer, down six percentage points …

In Montpelier, city officials plan to remove the Pioneer Street Dam and restore a nearby floodplain. Together, the projects are predicted to have compounding positive effects that reduce flood risk in the city. The Pioneer Street Dam — an old …

CREST Insurance Group named Jennifer Gibbs relationship development manager for CREST’s personal lines division. Gibbs will work out if the firm’s San Diego, California, headquarters. Gibbs has more 20 years of experience in wholesale propane, corporate finance and commercial lending. …

Long-distance runner Evie Parts has sued the NCAA and Swarthmore College as well as members of its athletic department, saying they illegally removed her from the track team because she is a transgender athlete. Parts’ lawsuit said the NCAA’s ban …

Arizona, Nevada and Mexico will again live with less water from the Colorado River as drought lingers in the West, federal officials announced Friday. The Colorado River is a critical lifeline to seven U.S. states, 30 Native American tribes, and …

Pennsylvania Attorney General Dave Sunday recently announced a $200 million transfer of funds from the Professional Liability Joint Underwriting Association (JUA) into the state’s general fund. The transfer was the result of the Attorney General’s victory in years-long litigation against …

A federal judge has dismissed a case brought by a former New York City Council member alleging that a former New York State attorney general wrongly prosecuted him. The dismissal rested on the grounds that the former state official is …

The opinions expressed here are those of the author, the CEO and co-CIO of Eurizon SLJ asset management. Is technology more job augmenting or job replacing? This has been a long-standing debate. But recent academic work suggests that technology has …

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal North America Insurance Company (UNAIC) based in Arlington, Texas. The …

Doug Cogan, of Cypress, Texas, has been elected to the Texas Mutual Insurance Company board of directors. He was elected at the company’s annual policyholder meeting. Cogan’s board terms for Texas Mutual, the state’s leading provider of workers’ compensation insurance, …

Kwik Trip Inc., a family-owned gasoline station and convenience store with over 800 locations in the upper Midwest, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. As a …

NFP, an Aon company and leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has appointed Tom Ryan as managing director of Complex Risk for its Central and West regions. Based in the Chicago area, Ryan …