Commercial traffic through the Strait of Hormuz is at a virtual standstill on Monday after a brief and confused reopening over the weekend ended with the first US seizure of an Iranian vessel — underscoring just how difficult it will …
A trail of damaged homes and buildings dotted a wide swath of the U.S. on Saturday after a burst of destructive winds and reported tornadoes tore off roofs, uprooted trees and rendered rural roads impassable with debris. No deaths were …
Some Texas oil wells gush hundreds of barrels of oil a day. But many are like the wells on Jackie Chesnutt’s ranch in West Texas that only trickle out a couple barrels a month. Chesnutt, a retired engineer, claims the …
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11% but, according to Fitch Ratings, there are some underwriting concerns brought on by developments with artificial intelligence. Fitch said …
The Trump administration is considering potential changes to North American trade rules that would raise tariff costs on U.S. automobile imports and push manufacturers to boost domestic production, according to people familiar with the matter. U.S. officials have discussed requiring …
An Amish woman and her six children ranging in age from 3 to 11 were killed in a swift-moving house fire after an explosion that shook nearby houses in rural northcentral Pennsylvania, authorities said. Firefighters responding to a report of …
The Financial Stability Board is gathering information from members about potential risks posed by Anthropic’s Mythos model as it look to share such insights more broadly among its network of regulators and central bankers to help them judge the risks …
Local, state and federal officials were aware of the dangers posed by the Cheboygan Lock and Dam for years before floodwaters pushed it to the brink of collapse, records show. Yet they failed to compel private owners to repair the …
The idea that AI tools can help plaintiffs’ lawyers to improve finely tuned litigation strategies that ultimately drive insurance company claims payouts is not new to insurance industry readers. Nor is the suggestion that defense firms need to try to …
A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15.6 million to …