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Europe is facing another summer of intense wildfires, but firefighters who will be on the frontline warn that they’re entering the season under-funded, under-equipped and under-staffed. The continent experienced its worst season for wildfires on record last year, with blazes …

No offense to the members of the media, but the media tends to blow this stuff up. That’s how Jim Williamson, president and chief executive officer of insurer and reinsurer Everest Group Ltd., prefaced his answer to a question about …

Firefighters are making progress on a large blaze at a warehouse that blackened the skies near downtown Los Angeles and prompted shelter-in-place orders in the area due to the risk of hazardous air. Fire crews were able to remove the …

A heat wave gripping western Europe is forecast to strengthen this week, with days of dangerously hot and humid conditions and record-breaking temperatures in France, the UK, Spain and Germany. The heat — driven by a high-pressure heat dome and …

Iran said there had been “major progress” in all-night discussions with the US, as the warring sides try to reach a peace deal within two months.The countries began technical talks in the Swiss resort of Bürgenstock over the weekend, following …

KPMG Australia staff shared sensitive information about telecom firm Optus with another internal team bidding for an audit contract for its rival Telstra in a breach of ethics, the firm’s chairman told a parliamentary hearing on Friday. The admission confirms …

In the buildup to 2016’s Brexit referendum, JPMorgan CEO Jamie Dimon said the U.S. bank could shift 4,000 jobs from Britain, joining a chorus of executives who warned a vote to leave the European Union would ravage the country’s finance …

US efforts to open shipping channels in the Strait of Hormuz will allow a gradual increase in vessel transit, though security remains volatile, Chubb Ltd. Chief Executive Officer Evan Greenberg said. “It’s from day to day, hour to hour,” Greenberg, …

AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Columbia Mutual Insurance Company and its affiliates, collectively referred to …

Siding with SpaceX and the General Land Office, the Texas Supreme Court on Friday ruled that environmental groups did not have a right to sue to preserve public access to a beach that has been closed during rocket launches. The …

Ohio’s law requiring children under 16 to get parental consent to use social media apps must be restored, a divided panel of the Sixth Circuit Court of Appeals ruled last week. The decision comes as a blow to NetChoice, which …

The business jet barreled cockeyed down the dark highway, knocking down one light pole after another, an orange glow of sparks trailing it. From a distance, Ivan Franco thought it must be a car. But as he approached in his …

Platinum Specialty Underwriters, a specialty underwriting platform announced the addition of two experienced property insurance leaders, Bryan McGarry and Adam Berger, to support the continued growth and expansion of its property capabilities with program launch later this summer. McGarry joins …

The U.S. West and Gulf Coast are set to broil this summer while the rest of the nation may face dreary and cool days — thanks in part to El Niño. The U.S. Climate Prediction Center sees the western and …

Baby formula maker Nara Organics said it is voluntarily recalling all of its infant formula, currently available in the United States, over potential risk of bacterial contamination. The company said the U.S. FDA and CDC contacted it late Friday and …

US regulators have taken their biggest step yet to speed the connection of data centers to the country’s grids while simultaneously attempting to slow surging utility bills that have angered Americans. The Federal Energy Regulatory Commission approved a series of …

The Mississippi Insurance Department has fired its top examiner, a month after he was implicated in a multimillion-dollar embezzlement scandal at his wife’s credit union. Chad Bridges, the director of financial and market regulation at the insurance department since early …

The death of a young tourist who jumped from a runaway horse carriage in Central Park has intensified calls to ban the old-time attraction from one of New York City’s most recognizable destinations. Romanch Mahajan, 18, died after he got …

A property management company is paying $7 million for what the California Attorney General calls an “algorithmic rent alignment scheme.” California Attorney General Rob Bonta worked on the settlement as part of a coalition of nine attorneys general with LivCor …

AM Best rating analysts have revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Juniata Mutual Insurance Co. in McAlisterville, Pennsylvania. AM Best …