The winter storm sweeping the US has begun disrupting the operations of industrial oil and gas consumers on Texas’ Gulf Coast, including refiners, chemical plants and manufacturers. With almost 10% of US natural gas production estimated to be offline due …
A financial adviser in Georgia pleaded guilty Wednesday to wire fraud in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities announced. Prosecutors accused Todd Burkhalter, the founder and CEO of Drive Planning LLC, …
Heavy snow and ice hit northern and eastern Europe, disrupting transport and power systems as freezing conditions are forecast for the next two weeks. The winter storm triggered red weather alerts in Germany, where 20 centimeters (7.9 inches) of snow …
A team from the National Transportation Safety Board (NTSB) is headed to Bangor International Airport in Maine to investigate the Sunday, Jan. 25 crash of a Bombardier CL 600 airplane. Eight people were on board. No information about their fate …
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, …