The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market officials said on Thursday. “Lloyd’s is engaging …
European product recall activity rose for the seventh straight year in 2025, a new report shows. Sedgwick released its annual State of the Nation Product Safety and Recall Index report, which shows the 15,608 total recall events last year broke …
A deckhand on the reality television show “Deadliest Catch,” which documents the lives of crab fishermen working in one of the world’s harshest environments, died after he was reported to have fallen overboard, the U.S. Coast Guard said. The Coast …
Volkswagen AG is being sued by two U.S. dealerships who are challenging a plan to sell Scout Motors vehicles directly to consumers, bypassing their showrooms. The plan is an alleged deliberate breach of contract, according to a class-action complaint from …
Excitement about adopting artificial intelligence technology is palpable in the insurance industry, but the reality is that while most carriers use artificial intelligence technology, few use AI at more than a small scale— and the vast majority of adjusters say …
AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bb+” (Fair) from “bb” (Fair) and affirmed the Financial Strength Rating (FSR) of B (Fair) of First Chicago Insurance Company and United Security Insurance Company. The outlook of …
Moderna Inc. agreed to pay $950 million to settle litigation related to the delivery technology behind its Covid shot, removing a looming financial risk for the struggling vaccine maker. The company has settled all litigation worldwide with Arbutus Biopharma Corp. …
Shipments ranging from fresh produce to airplane parts are in limbo as an escalating Middle East conflict reduces the world’s air cargo capacity by more than one-fifth and pushes up freight rates, with executives bracing for backlogs of goods. The …
A Georgia man who gave his teenage son the gun he’s accused of using to kill two students and two teachers at a high school was convicted Tuesday of second-degree murder and involuntary manslaughter. Jurors took less than two hours …
Bayer AG said a U.S. judge granted preliminary approval for a $7.25 billion settlement proposal aimed at resolving thousands of lawsuits over Roundup weedkiller, which have weighed on the German company for years. The class-action settlement, which Bayer proposed in …