USA Rare Earth said on Tuesday it will invest $1.2 billion to build a magnet manufacturing and rare earth metals facility in South Carolina, as it expands domestic production capacity. Shares of the company rose 5.9% to $31.1 in morning …
Data centers are expected to consume twice as much power and water by 2030 as they expand to meet the surge in demand from artificial intelligence, U.N. researchers said on Wednesday. Unless governments heed the rising environmental costs of AI, …
IMA Financial Group, a large North American insurance brokerage, named Rob Price as Alabama Market president, based in Birmingham, the firm announced. Price has been a top performer at the brokerage for almost nine years, and recently led IMA’s executive …
Alight Solutions, an employee benefits administrator headquartered in Lincolnshire, Illinois, violated federal law when it discriminated against an employee by denying him a reasonable accommodation for his diabetes, and then firing him because of the disability, the U.S. Equal Employment …
Arch Capital Group Ltd., the Bermuda-based re/insurer, announced the expansion of Maamoun Rajeh’s role as president. Rajeh, who most recently oversaw Arch’s Reinsurance and Mortgage segments, will also take on responsibility for Arch’s Insurance segment as the company moves forward …
Convex Group Ltd., the international specialty insurer and reinsurer, announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled managing general agency, which will start trading in Q4 2026. The MGA has received UK regulatory approval and will be …
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of FMNE Insurance Company based …
Hackers are still trying to trick people to exploit an organization’s systems, but more breaches now with software vulnerabilities Stolen passwords, or credential abuse, are no longer the top way hackers breach systems, according to Verizon’s latest annual Data Breach …
Hail volatility and aging roofs are driving higher residential replacement severity, a new study by data analytics and technology provider Verisk finds. Roof losses didn’t slow despite a 20 percent decline in overall claims volume in 2025. Data showed that …
The US Securities and Exchange Commission wants to formally kill rules it’s now calling a “dramatic overreach” of its own authority that would have required public companies to report greenhouse gas emissions and climate-related risks to their operations. The 2024 …