A year ago, the Chinese startup DeepSeek freaked out the stock market with the idea that developing artificial intelligence was much easier and cheaper than everyone imagined. But 12 months later, that’s turned out to be largely a mirage so …
Italy’s government declared a state of emergency, unlocking €100 million in funds to help repair damage after a sea storm battered parts of the country’s south. Sicily was hit particularly hard, with regional Governor Renato Schifani estimating damages of more …
The offshore wind industry has pledged to invest €9.5 billion ($11.3 billion) in its supply chain by 2030 to help expand capacity in the North Sea as European countries work to turn one of the most famous oil basins into …
Brit Group Holdings Ltd. announced the launch of “FI Cyber Max,” a new integrated cyber and financial institutions (FI) consortium. Built for large, complex financial clients, the new consortium will bring together Brit’s experienced cyber and FI underwriting teams to …
A group of 14 European nations have issued an open warning to shadow-fleet tankers in the Baltic and North Seas, raising the stakes for vessels they say are endangering maritime safety. Ships can only sail under the flag of one …
Fourth quarter 2025 net income at W.R. Berkley Corp. decreased nearly 28% compared to the same period a year ago. Net income was about $449.5 million for Q4 2025 compared to net income of about $576.1 million a year ago …
The day after a major winter storm swept across the US, hundreds of thousands of homes and businesses remained without electricity and the prospect of more outages loomed amid frigid temperatures. One early estimate suggested the storm could result in …
WalkerHughes Insurance announced it has acquired Inman Insurance Agency in Salem, Missouri, and Clark Insurance Agency in Ballwin, Missouri. The acquisitions expand WalkerHughes’ presence in Missouri, increasing market density across south-central communities and the St. Louis metropolitan area. Inman Insurance …
New York households paid an estimated $1,935 on average for personal auto insurance in 2024, according to a report by the industry’s Insurance Information Institute (Triple I). This was an increase from $1,753 in 2023. Triple I further estimates that …
A Dutch court on Tuesday overturned a 2021 ruling that had classified all Uber drivers as employees, stating that individual drivers can be treated as independent entrepreneurs. The Amsterdam court said six drivers who had joined the rideshare company in …