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Westcap Insurance Services announced the launch of its new Excess Liability product, further enhancing its ability to deliver comprehensive risk solutions to clients in the construction and manufacturing sectors. The new offering is designed to complement existing coverages by providing …

A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses — and it proposes federal guardrails so that a public beset by affordability pressures could see savings. The analysis by the …

The California Department of Insurance is taking action against State Farm over an investigation that reportedly shows the carrier has been mishandling insurance claims from the January 2025 Los Angeles wildfires. A CDI filing alleges violations of the Unfair Insurance …

Samsung Electronics must pay a $392 million lump sum for a license to use ZTE’s patents for mobile phones, London’s High Court ruled on Friday [May 1] in the English leg of the companies’ global licensing dispute. ZTE has brought …

A trial is slated to begin in New Mexico on Monday that will test the state’s claims that Meta’s Facebook, Instagram and WhatsApp platforms harmed young users’ mental health and its bid for a court order forcing the company to …

Global management consulting firm Oliver Wyman has agreed to acquire CR3 Partners, a consulting firm specializing in restructuring, management consulting, and bankruptcy advisory services. The terms of the transaction, which is expected to close later this quarter, were not disclosed. …

A new analysis suggests Americans are being overcharged by $150 billion annually to insure their homes, autos and businesses — and it proposes federal guardrails so that a public beset by affordability pressures could see savings. The analysis by the …

A United Airlines aircraft on Sunday struck a light pole and a trailer during its final approach to Newark Liberty International Airport, the New Jersey State Police said. The underside and tire of United Airlines Flight 169 struck a light …

Fermat Capital Management has invested in the Asian Development Bank’s first-ever catastrophe bonds, designed to shield Kyrgyzstan and Tajikistan against specific types of natural disasters. The two sovereign bonds — each $80 million in size and with a three-year tenor …

An attorney representing the Trump administration informed a U.S. District Court Friday evening that the Federal Emergency Management Agency has begun offering new appointments to disaster workers whose contracts the agency did not renew in January, reversing a controversial decision …

The U.S. military said two U.S. Navy guided-missile destroyers had entered the Gulf to break an Iranian blockade and that two U.S. merchant ships had transited the Strait of Hormuz, after Iran said it had prevented a U.S. warship entering …

After a remarkably successful effort to extinguish diversity, equity and inclusion programs at US employers, federal officials are stepping up their push against corporate America’s remaining DEI initiatives. Last week it was a review of Walt Disney Co. television station …

Three people have died and one is in intensive care in South Africa after a cluster of hantavirus infections linked to a cruise ship in the Atlantic Ocean, the World Health Organization said Sunday. One case has been confirmed by …

China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies. Beijing has often railed against unilateral sanctions …

The Baltic Exchange, the world’s top provider of benchmark shipping indices, has denied allegations from Mercuria that some of its oil tanker pricing data caused losses at the commodity trader. In a court filing dated April 30, Switzerland-based Mercuria said …

Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, …

A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …

U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …

As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …

KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …