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Commodity trader Mercuria is suing the Baltic Exchange, the world’s top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, …

An arraignment has been rescheduled for a former sheriff’s detective in Tennessee who is charged with setting fire to his own vehicle and filing a fraudulent insurance claim. Daniel Lee Garrett, 44, who until recently was with the Scott County …

The U.S. House of Representatives on Thursday passed its version of a five-year farm bill after stripping a provision opposed by the “Make America Healthy Again” movement that would have blocked some lawsuits against pesticide makers. The House passage shows …

The U.S. Food and Drug Administration on April 29 said tested samples of infant formula available in the country contained very low levels of contaminants, confirming that the nation’s supply is safe for consumption. The agency tested more than 300 …

Trucordia reported it has acquired Paradiso Financial and Insurance Services in Stafford Springs, Connecticut. Paradiso offers auto, home, life, business and specialty lines insurance. Joining Trucordia will give Paradiso’s team and clients access to more carrier relationships, shared resources, and …

Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …

A review of five years’ of proprietary claims data revealed just how vulnerable manufacturers are to cyberattacks and the high cost of disruptions, according to Resilience, which found more than 90% of total incurred losses in its manufacturing portfolio were …

New Hampshire Governor Kelly Ayotte recently signed into law an increase in the penalty for drivers who refused a breath alcohol test when stopped on suspicion of driving under the influence (DUI). Senate Bill 620 increases the administrative license suspension …

This edition of International People Moves details appointments at Howden Re and Zurich Insurance Group. A summary of these new hires follows here. Howden Re Expands Cyber Reinsurance Team With 5 New Hires Howden Re, the global reinsurance, capital markets …

Marsh Risk, a business of insurance broker and risk advisor Marsh, announced that its Marsh Alpha directors and officers (D&O) insurance facility now offers unlimited claims on a single, unrelated basis as standard. Marsh Alpha, which provides protection for individual …

Arch Insurance EU announced the launch of its European property operations, alongside the opening of a new office in Milan writing accident & health, cargo & logistics, fine art & specie, general liability and property, effective immediately. This development marks …

The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The U.S.-Israeli war with Iran has upended oil and …

A few Iran-linked vessels are making their way through the Strait of Hormuz, as the crucial waterway remains effectively closed to most international shipping amid blockades by both Tehran and the US. Just a single Iran-linked fuel tanker was observed …

Camp Mystic on Thursday said it has withdrawn its application for an operating license, a decision that means it will not reopen to campers this summer. The decision follows a grueling hearing earlier this week when Texas lawmakers pushed the …

Michigan Attorney General Dana Nessel has secured an agreement with Northeast Gravel Company and Boulder Creek Development Corporation to address PFAS contamination at their Belmont property. The Administrative Order on Consent (PDF) requires the companies to investigate the extent of …

Glass shards flew everywhere as Eric Gockel waited out one of the worst hailstorms to hit Missouri. One of the softball-size hunks of ice that hit the Springfield area on Tuesday measured 4.75 inches (12 centimeters). The hail killed an …

A band of severe storms bearing down on central Texas has raised concerns about flooding, with heavy rains expected near the site of last year’s deadly Fourth of July floods. Communities in the Texas Hill Country could see up to …

Two new products on the market could help reduce losses and property insurance claims in storm-prone parts of the Southeast and beyond, makers announced recently. Flood Risk America, based in Lake Worth, Florida, said it has expanded its flood protection …

A Kentucky insurance agent charged with swiping premium payments from a church pleaded not guilty this week. Glen David Ramey, of Murray, Kentucky, is scheduled for a preliminary hearing in district court on May 13, the Murray Ledger and Graves …

Historically, executing decisive, effective workers’ compensation claims has been a work in… well, compensation. As in compensating for holes in data that, if available or accessible, would help deliver far more expedient, cost-effective and successful outcomes for all parties. These …