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Visa defeated a proposed class action lawsuit on Monday by consumers who accused the world’s largest card payments network of failing to warn that its prepaid “Vanilla” gift cards were susceptible to being drained by thieves. U.S. District Judge Gregory …

The Board of Directors of Covéa Group, the French mutual insurer, has appointed Maud Petit as chief executive officer, while Thierry Derez has been named chair of the Board of Directors. Derez succeeds Michel Gougnard who has been named vice …

The European Commission on Wednesday put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry. The legislation aims to create a single market for firms offering space services in the bloc while boosting efforts …

A cyberattack that caused disruption at hospitals in London last year contributed to the death of a patient, health officials have confirmed for the first time. The incident occurred after a Russian hacking gang in June 2024 targeted Synnovis, a …

Insurer FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion ($442.08 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million shares at HK$38.00 …

Europe’s heat wave is intensifying, fueling wildfires across the Mediterranean and threatening to curb electricity generation from both nuclear and hydropower plants. Temperatures in Spain are forecast to hit 39C (102F) on Wednesday, but could climb further to 42C next …

Tariffs, enhanced technology to defeat law enforcement along with profitability of criminal enterprises, and geopolitical circumstances have led to an increased threat to the global supply chain, according to the National Insurance Crime Bureau (NICB). Within the past 18 months, …

Microsoft has been hit with a lawsuit by a group of authors who claim the company used their books without permission to train its Megatron artificial intelligence model. Kai Bird, Jia Tolentino, Daniel Okrent and several others alleged that Microsoft …

Three years after Citizens Property Insurance Corp. made the unprecedented move to resolve many of its residential claims disputes through a state agency instead of through litigation, officials are now planning to send some commercial claims down that same path. …

At Wednesday’s Board of Governors meetings, a Citizens Property Insurance Corp. committee voted to move ahead with the full, 15% average rate increase for personal lines in 2026 – the largest increase allowed under Citizens’ statutory glidepath. But two members …

A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 13.4% in 2024, down from 14.5% a year earlier. While growth stayed up in double digits …

HEMIC Insurance Managers is accepting apartment and condominium owner associations (AOAO) applications for hurricane coverage from Hawaii licensed insurance agents. The Department of Commerce and Consumer Affairs announced that the Hawaii Hurricane Relief Fund (HHRF) was reactivated to address the …

The Massachusetts Institute of Technology was sued by an instructor and a former student who claim the school’s administration failed to address a “hostile anti-Semitic environment” on campus following the Oct. 7, 2023, attacks in Israel by Hamas. Lior Alon, …

Tesla was sued on Monday by the estates of three people killed last September when their 2024 Model S equipped with Autopilot and Full Self-Driving features crashed on New Jersey’s Garden State Parkway. The wrongful death lawsuit filed in the …

An Idaho woman was sentenced to seven-and-a-half years in prison and fined for applying for insurance coverage while concealing a prior felony conviction for insurance fraud. Elisa Hernandez was convicted of one felony count of insurance fraud following an investigation …

MAPFRE USA Names Pasko Executive Vice President, General Counsel, Secretary MAPFRE USA, headquartered in Boston, Massachusetts, appointed Mark Pasko as executive vice president, general counsel and secretary of MAPFRE USA, effective July 21. Pasko will be responsible for MAPFRE’s legal, …

First Financial announced that it has entered into a definitive agreement to acquire Westfield Bancorp, in a cash and stock transaction, from Ohio Farmers Insurance Company. Ohio Farmers is the parent company of the global property and casualty insurance group …

Ryan Transactional Risk announced the launch of a new product that will specialize in insuring the risk of cost overruns for environmental remediations and clean-ups. Ryan Transactional Risk Enviro is providing Environmental Remediation Cost Overrun insurance for corporate transactions and …

Holmes Murphy, headquartered in Waukee, Iowa, named 23 new employees who made their first stock purchase after completing the company’s premier leadership program, Holmes Murphy University. Shareholders help determine the direction of major company initiatives, grow employees and the company, …

The National Highway Traffic Safety Administration is seeking information from Tesla after reviewing online videos of a robotaxi allegedly using the wrong lane and of speeding by another driverless vehicle. The U.S. auto safety agency said it is “aware of …