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In San Francisco’s latest real estate boom, renters are paying cash up front, multimillion-dollar houses are selling auction-style and AI company stock can buy a sprawling hilltop estate. It’s a reflection of the new wave of wealth from the artificial …

AI insurance platform Corgi said on May 28 it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion. The funding round underscores strong investor appetite for startups using artificial intelligence to …

A bus crashed into vehicles slowing for a work zone on Interstate 95 in Virginia early Friday, killing five people and injuring dozens, including the driver, authorities said. The crash happened at about 2:35 a.m. on southbound I-95 in Stafford …

Illinois lawmakers this week passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry has heavily opposed the legislative measures, warning that …

A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …

Five straight years of record heat, sporadic rainfall and divided leadership has Corpus Christi in danger of becoming the first U.S. city to run short of water. Only rain — lots of it — can keep the coastal city from …

Legal reforms, improved building resilience, and disciplined underwriting have combined to restore confidence in the Florida re/insurance market – leading to increased capacity as well as improved terms and pricing during the June reinsurance renewals, according to Guy Carpenter. Since …

Climate change is in the background this US election year as high prices, conflict in the Middle East, AI and other issues take center stage. But that doesn’t mean the public has forgotten about it. More than half of Americans …

Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer …

At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …

On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in …

Extreme heat could cost Germany up to $131 billion by 2030 and shave up to 3% off economic output if recent heat wave patterns persist, an analysis from Allianz Trade showed on Thursday. Germany faces losses of up to $131 …

Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, appointed John Kneeland as commercial lines manager and promoted Sherri Cole to assistant commercial lines manager. Both positions are effective June 1. Kneeland brings extensive insurance industry experience to Davis …

Insurance Australia Group Ltd. said it has agreed to a settlement of proceedings brought by Greensill Bank AG and its insolvency administrators. IAG said the settlement won’t have a material impact on its financial position, according to a statement on …

A Massachusetts man pleaded guilty in federal court in Boston this week to payroll tax avoidance and workers’ compensation insurance fraud, prosecutors reported. According to the U.S. attorney’soffice, Henry Lam, of Lowell, used cash payments to employees to hide his …

A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches. Michele Spagnuolo was charged in a complaint unsealed Wednesday in federal …

President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of …

Michigan may be known as the Great Lakes state, but most of its residents have a river to thank for their hometown’s existence. “Just looking at settlement patterns in Michigan tells us a lot about how important our rivers are,” …

Ohio will pause incentives for future data center projects, following a directive from the governor to halt the tax credits while a committee studies the impact of the projects on the state’s economy. The pause is not a complete ban …

Tesla Inc. has just 42 vehicles operating as robotaxis in Texas almost a year after Elon Musk launched the service, a small fraction of the fleet commanded by rival Waymo. The official count was revealed for the first time in …