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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 …

The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …

This edition of International People Moves details appointments at global re/insurers Arch Capital Group and Sompo. A summary of these new hires follows here. Arch Capital Group Ltd., the Bermuda-based provider of insurance, reinsurance and mortgage insurance, announced the promotions …

Trading platform Nasdaq Private Market alleged that its Vancouver-based competitor Hiive has stolen trade secrets and infringed on its intellectual property in a lawsuit. The suit, filed Tuesday in Manhattan federal court, adds new allegations of trade secrets to a …

The North Carolina Ethics Commission has dismissed a complaint against Insurance Commissioner Mike Causey, brought by a former employee who accused him of sexual harassment, news outlets reported. “After review and discussion as necessary, the Panel concluded its preliminary inquiry …

Florida Gov. Ron DeSantis has signed a bill that will create a new clearinghouse for Citizens Property Insurance Corp. commercial policies, a bill that a number of brokers and agents have called “unnecessary” and little more than a sop to …

A teenager thrown to the ground Wednesday when a Central Park carriage horse bolted away from its driver has died, according to police. The 18-year-old was riding in the horse-drawn carriage with three other passengers when the accident happened just …

A new Lloyd’s market consortium has been launched to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz, Lloyd’s announced. Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist …

The Trump administration is dropping near-term plans to dismantle a $386 million federal ocean-observing system after encountering resistance from scientists and Congress. The National Science Foundation said Thursday it will pause efforts to decommission most of the Ocean Observatories Initiative, …

Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative …

Hub International Limited (HUB), headquartered in Chicago, Illinois, appointed Paul Collins as Northeast area president, effective July 1. In this expanded role, Collins will continue to lead HUB Northeast while also assuming responsibility for HUB New England. Collins has been …

Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving …

The US and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic’s nuclear program.It’s uncertain why the talks, meant to be held in Switzerland on Friday, have been delayed, though Israel …

Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. The concept of data center satellites — designed …

There’s an increasingly narrow strip of New Orleans marshland that hardly anyone lives on, but without it, hundreds of thousands of people will face far greater risks from storms and floods. The area, commonly called the New Orleans Land Bridge, …

The Texas State Fire Marshal’s Office (SFMO) said it is investigating a residential fire in Odessa that resulted in the death of one firefighter and injured six others. Firefighters from Odessa Fire Rescue and West Odessa Volunteer Fire Department were …

A Michigan Senate Committee this week advanced a bill that would mandate auto insurance premium reductions of at least 10% without reduced benefits, Sen. Jeff Irwin (D-Ann Arbor) authored SB 328, which he says will lower car insurance premiums for …

Donegal Insurance Group, headquartered in Marietta, Pennsylvania, and its member company, Michigan Insurance Company, promoted Rob Faber to regional vice president of the group’s Greater Midwest region. Faber succeeds Melissa Veenstra, who will retire on July 2. Faber joined the …