Britain’s top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a fresh crackdown on non-financial misconduct, citing fears of imposing unnecessary regulatory burdens on firms. The Prudential Regulation Authority and Financial …
UK Financial Watchdogs Drop Diversity and ‘Name and Shame’ Reforms Read More »
A tornado destroyed an Orlando-area home and hit a TV station while the weatherman was broadcasting about the twister, part of storm fronts that caused damage across parts of the Southeast. In Longwood, Florida, north of Orlando, the tornado collapsed …
Tornado Destroys Florida Home, Strikes TV Station During Broadcast Read More »
S&P Global Market Intelligence expects the U.S. property/casualty insurance industry to post more than $100 billion of net income for 2024—and that the biggest underwriting profits contributing to the figure will come from units of Berkshire Hathaway and Progressive. The …
Berkshire, Progressive Are 2024 Underwriting Profit Leaders; Industry Sets Income Record Read More »
DENVER, Mar. 12 2025 — Hinterland Insurance (Hinterland) has announced the appointment of Mohmoud Bondugjie as the new Assistant Vice President of General Commercial, a strategic move aligned with the company’s broader restructuring to strengthen its underwriting divisions and enhance …
Hinterland Insurance Names Mohmoud Bondugjie AVP, Restructures Commercial Divisions Read More »
President Trump’s U.S. Department of Housing and Urban Development has rejected a $225 million relief plan for the city of Asheville, North Carolina, due to its inclusion of funding for minority and women-owned businesses. The Hill, the Asheville Citizens Times …
HUD Rejects Helene Relief Grant for Asheville Due to DEI Program Mention Read More »
A report from the National Transportation Safety Board on Tuesday urgently recommends that the Federal Aviation Administration (FAA) permanently prohibit helicopter operations near Washington’s Ronald Reagan National Airport when certain runways are in use for arrivals or departure. The NTSB …
NTSB ‘Urgently’ Recommends Alternative Route for Helicopters at DC Airport Read More »
French publishers and authors are suing Meta Platforms Inc. for copyright infringement, accusing the tech giant of using their books to train its generative artificial intelligence model without authorization. SNE, the trade association representing major French publishers including Hachette and …
Meta Faces Legal Challenge by French Publishers Over AI Training Read More »
Dutch marine provider Boskalis will salvage the U.S.-flagged tanker Stena Immaculate, which was struck by a container ship off northeast England on Monday, a spokesperson said on Tuesday, confirming earlier Dutch media reports. He could not give a time frame …
Dutch Marine Services Provider Boskalis to Salvage UK Ship Collision Tanker Read More »
A collision involving a tanker carrying jet fuel for the U.S. military and a container ship off Britain’s coast is an unusual incident that raises questions over what went wrong despite safety measures in place, three shipping and insurance sources …
Unexplained Ship Collision off UK Coast Triggers Race for Clues Read More »
Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. The company revealed the losses …
Lloyd’s Said It Will Lose $2.3B From LA Wildfires Read More »
