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Climate change could cost London as much as £36 billion ($50 billion) a year by the 2050s, the Mayor of London’s office said in a report.Lost working hours, disruption to businesses and damage to infrastructure caused by extreme weather in …

China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China’s corporate history. The disgraced property tycoon, once Asia’s second richest man, …

AXIS Capital Holdings Limited said Jim Rhyner has been appointed head of North America financial lines, programs, and Canada. Rhyner will take the role on Aug. 31 and report to Head of North America Mike McKenna. He will work out …

Progressive insurance, already one of the most-recognized U.S. insurance brands, will gain more exposure this fall with its logo placement on 13 college football fields, including the fields at Ole Miss, Georgia, Oregon, USC, Boise State, Colorado State, Iowa, Kansas …

A former engineering director at Meta Platforms testified on Wednesday that CEO Mark Zuckerberg was responsible for a culture that may have led the company to shirk its responsibility to protect children who use its Facebook and Instagram platforms from …

King Risk Partners, ranked as the 36th-largest independent agency in the U.S., is planning for continued growth in coming years. The Gainesville, Florida-based firm this week named M&A specialist Colton Houseman as executive vice president over mergers and acquisitions. Houseman …

In a federal court case that gained little attention until recently, Hyundai and Kia automakers and staffing firms this summer agreed to pay more than $11.5 million—plus another $3.4 million in attorneys’ fees—to settle a class-action lawsuit brought by Mexican …

The decade-long war between the third-party litigation funding sector and the commercial insurance industry reached a turning point when North Carolina became the first state to ban commercial litigation funding on June 22. While some legal and business publications framed …

Average commercial insurance premiums decreased across all account sizes for the first time since 2017 during the first quarter. The trend continued for the second quarter. During Q2 2026, The Council of Insurance Agents & Brokers (CIAB)’s market survey found …

Newswise — A new report documenting California’s rapidly growing silicosis epidemic among quartz countertop workers underscores the urgent need for a national effort focused on stronger surveillance, earlier diagnosis and policy interventions to protect workers from a preventable yet often …

The audit and verification of data centers ordered by Gov. Greg Abbott will involve about 250 to 300 projects, most of which are data centers, state grid operator officials told the Public Utility Commission on Friday. The officials’ testimony also …

Amazon.com Inc. plans to expand its drone delivery operation to cities in at least five more US states in the coming months, the latest step toward turning the decade-old research-and-development project into a commercial service. Prime Air drones will start …

Growing solar power in a swath of the US Midwest dominated by Republican leadership has led that region’s electric grid to become the nation’s biggest in terms of electric supply. The Midcontinent Independent System Operator, which provides power to 45 …

A general contractor cannot be held liable for an injury of an employee of a subcontractor where the general contractor had little or no control over the subcontractor’s work or job environment. The Massachusetts Supreme Judicial Court this week upheld …

U.S. Immigration and Customs Enforcement is pitching a plan to help shield local police officers who make immigration arrests from possible financial consequences if they are accused of on-duty misconduct. The agency is proposing to subsidize liability insurance for state …

Maine Governor Janet Mills has appointed Sandra Darby, an actuary with the Maine Bureau of Insurance, as Acting Superintendent of Insurance effective August 18, 2026. Darby succeeds Tim Schott, who has served as acting superintendent since June 8 when Superintendent …

RockRose Risk, a US insurance brokerage specializing in wildfire zones, raised $12.5 million in a Series A funding round that was co-led by Crosslink Capital and Congruent Ventures, with participation from asset manager Nuveen. The San Francisco-based startup serves commercial …

The Texas Surplus Lines Association has announced the selection of Manpreet Sandhu as their Incoming Executive Director. Sandhu replaces Jean Patterson, who will be retiring at the end of 2026 with more than 45 years of service to TSLA. Patterson …

Seltzer Group Partners reported it has acquired Trego Insurance Agency in Wyomissing, Pennsylvania. Founded as an independent agency in 2020 and led by Steve Trego, Trego Insurance Agency serves commercial and personal lines clients across Pennsylvania and in several surrounding …

Rising temperatures in the ocean now have the potential to cause intense storms in Europe later this year, according to new research. The Mediterranean sea is heating up twice as fast as the average for oceans in the rest of …