Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.UK Maritime Trade Operations has reported nine attacks in the …
Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million UK customers. The US giant’s 30% levy for digital purchases violated competition law and consumers affected …
Six people have been charged for their alleged roles in “smash-and-grab” robberies targeting jewelry stores across New Jersey, U.S. Attorney Robert Frazer announced. According to prosecutors, masked and gloved perpetrators used crow bars and/or sledgehammers to smash the glass doors …
Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired Wexford, Ireland-based Ornella Underwriting Ltd. Terms of the transaction were not disclosed. Ornella is a managing general agent (MGA) providing a diverse range of commercial …
California-based Heffernan Insurance Brokers has acquired Walterry Insurance Brokers, an independent insurance agency based in Clinton, Maryland. The Walterry team joined Heffernan effective May 1, 2026. Established in 1968, Walterry Insurance Brokers specializes in media liability, professional liability, and business …
The National Flood Insurance Program is once again set to expire in two months. Early last month, NFIP’s authority to operate was renewed when the president signed legislation passed by Congress to keep NFIP running until midnight Dec. 12. According …
Starting this quarter, Aviva said it is entering the U.S. specialty market with Aviva Specialty, which will begin underwriting commercial property. Aviva Specialty will serve open-market brokerage, and partnering with leading program administrators. As a wholly owned surplus carrier, Aviva …
Sanlam Ltd.’s $1.2 billion bid to take full ownership of Santam Ltd. will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step in an expansion that will …
he Federal Trade Commission and the US Department of Agriculture launched an inquiry into the agricultural equipment market, including potential anticompetitive conduct. The public inquiry, announced Wednesday, seeks to address a “growing number of complaints” from farmers that they “face …
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Hartland Mutual Insurance Company (Hartland) (Minot, ND). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best …