The auto sector is bracing for yet another potential supply chain disturbance, this time spurred by the rush to build data centers that train and develop artificial intelligence models. A shortage of memory chips caused by the data center boom …
Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to fourth quarter 2025 results of the Ivans Index. “The commercial insurance market remains firm overall, though renewal trends suggest it is gradually moving off the …
Big Northern European investors are increasingly wary of the risks of holding U.S. assets in the face of geopolitical tensions, pensions chiefs told Reuters, a sign of a broadening shift away from the world’s biggest financial market. A top investment …
Egan-Jones Ratings Co. has been removed from the Bermuda Monetary Authority’s list of recognized credit ratings providers, according to recent guidance from the watchdog. The regulator is no longer listing Egan-Jones among the ratings providers that can inform an insurer’s …
France’s navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude. The operation was carried out on the high seas, with the support …
Burns & Wilcox, headquartered in Farmington Hills, Michigan, transitioned several of its professionals into new leadership positions. Sam Carson, formerly vice president, operations, is now vice president & managing director with responsibilities for the Burns & Wilcox offices in Chicago, …
An oil tanker that’s under sanction for its role in transporting Russian oil appears to have run into trouble off the coast of Algeria and is now drifting in the Mediterranean Sea, according to tracking data compiled by Bloomberg. The …
French authorities received a report of a second infant death, as a tainted formula crisis that’s engulfed Nestlé SA, Danone SA and Groupe Lactalis widens. Both babies drank formula that has been recalled, the French health ministry said in a …
German reinsurer Munich Re is planning to reduce jobs through attrition but may turn to voluntary buyouts at its ERGO insurance unit, CEO Christoph Jurecka said. Speaking to journalists on Thursday evening in Munich, Jurecka said that natural fluctuation “may …
The Pennsylvania Supreme Court has vacated a lower appeals court ruling that had found ride-hailing firm Uber’s “clickwrap” mandatory arbitration agreement unenforceable because it would deprive a husband and wife of their right to a jury trial for their injury …