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Luminor Risk, a managing general agent specializing in the U.S. excess and surplus property market, announced its official launch on May 28 with backing from investment and technology firm D.E. Shaw group. Luminor was co-founded by three underwriting leaders: Matt …

A Texas board has suspended the nursing license of Camp Mystic’s co-director in a scathing order that accused her of not helping children evacuate during last year’s catastrophic floods that killed 25 girls and two teenage counselors. It’s one of …

Texas Attorney General Ken Paxton added WhatsApp to the growing list of companies he has accused of violating Texans’ data privacy, announcing a lawsuit against the messaging app and its parent company, Meta, last week. The lawsuit states WhatsApp is …

CNN on Thursday filed a lawsuit against Perplexity in New York federal court, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. The complaint …

Traffic through the Strait of Hormuz appeared all but deserted on Thursday as commercial operators remain wary of renewed military escalation.No commercial vessels were spotted transiting the waterway Thursday morning as tensions spiked following a second round of US strikes …

After bypassing the April 1 deadline and engaging in weeks of debate and compromise, New York lawmakers have agreed on a $268.5 billion budget that includes auto insurance reforms championed by Gov. Kathy Hochul that are intended to reduce auto …

Florida Governor Ron DeSantis unveiled a much-awaited proposal to gradually eliminate property taxes on the vast majority of primary homes in the state, a measure that would transform the way the state finances itself. DeSantis proposed eliminating property taxes on …

Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on July 1, 2026, subject to appropriate regulatory approvals. With capacity to support the …

The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from …

There are millions of chemical tanks around the U.S., and experts say it is exceedingly rare for them to fail as long as they are properly maintained and inspected. Yet this past week, there were two major hazardous chemical emergencies …

Panama’s National Assembly approved a law that requires multinational entities domiciled in the country to demonstrate real local operations or face a 15% tax on passive foreign income, the Ministry of Economy and Finance said on Wednesday. The law is …

More German drivers switched to an electric vehicle in the first quarter of this year than ever before after the government launched a major subsidy program that can shave as much as €6,000 ($6,967) off the price of a new …

The Australian government said on Thursday it had launched legal action against 3M over contamination from firefighting foam supplied by the U.S. company that contained PFAS, or “forever chemicals,” seeking more than A$2 billion ($1.43 billion) in damages. The claim …

Iran targeted a U.S. air base in Kuwait on Thursday after the United States struck what Washington described as an Iranian drone operation near the Strait of Hormuz and President Donald Trump rejected a reported compromise deal with Tehran. The …

Insurance has always depended on a simple premise. Losses must be possible but not inevitable. You’ve got to be able to know something could happen, and plan for it if possible, but really hope that it doesn’t. That assumption has …

A Michigan house explosion early Tuesday left one person dead and one in critical condition, authorities said. Authorities have not yet determined what caused the fire and explosion, which happened around 4 a.m. in Plainfield Township, north of Grand Rapids. …

Shepherd Insurance announced it has expanded its footprint in Indiana by acquiring a pair of agencies. Shepherd recently acquired Indianapolis-based Capitol Insurance Group. Founded in 1981, Capitol Insurance Group is a family-owned, Indianapolis-based agency known for delivering customized insurance and …

Volvo Cars, majority owned by China’s Geely Holding, said it received approval from the U.S. government allowing it to continue selling vehicles. In January 2025, President Joe Biden’s administration finalized rules effectively barring nearly all Chinese cars and trucks from …

The U.S. National Transportation Safety Board on Tuesday called on the Federal Aviation Administration to revise how it assesses runway conditions during heavy rainfall, citing safety risks of airplanes skidding off the runway. The recommendations follow NTSB investigations of 11 …

Injury claims and lawsuits stemming from e-bikes on Florida’s streets could diminish a little bit if the state’s governor signs a mild e-bike regulation bill into law. Senate Bill 382, adopted by the Legislature this spring with no dissenting votes, …