Advanced artificial intelligence tools may have been used in a cyberattack on South Korea’s Shinhan Bank Co. that exposed information on about 25,000 customers, Yonhap News reported, highlighting the risk of automated hacking against financial institutions. Attackers probably used sophisticated …
The US property/casualty insurance segment saw substantially fewer ratings downgrades and more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many …
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …
Facing potential liability for harms related to climate change, major oil companies have again turned to the US Supreme Court, teeing up a case that could determine the fate of dozens of climate-related lawsuits by state and local governments against …
On May 5, 2026, the New Jersey Department of Labor and Workforce Development (NJDOL) adopted N.J.A.C. 12:11, a rule addressing the framework of the ABC test—the test for determining whether a worker has been properly classified as an employee under …
World Insurance Associates LLC announced that it acquired the business of Arctic Risk Specialists (ARS) of Toms River, New Jersey on June 1, 2026. ARS Group was founded in 2014 by Thomas Nastasi. The group provides commercial insurance, specializing in …
Solstice Advanced Materials, the corporate owner of a nuclear fuel facility at the heart of President Donald Trump’s push for a nuclear renaissance, has agreed to pay $80 million to settle claims that the plant for decades spewed radiation over …
A vessel carrying vehicles briefly became stuck at Dusseldorf harbor due to critically low water levels on the Rhine River, in one of the latest examples of how this year’s extreme weather is threatening transport. The Terra 2 got stuck …