The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
A group of 15 states and a Texas county on Sept. 28 sued the US Federal Aviation Administration over an environmental review of planned commercial drone package delivery rules. The states — including New York, California, Massachusetts, Wisconsin and Michigan …
Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of …
Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of …
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best. In fact, seven of eight years from …
ANV Group Holdings Ltd., the insurance intermediary platform, announced it has completed the acquisition of Car Care Plan (CCP) from AmTrust Financial Services Inc. CCP is the number one provider of motor warranty in the United Kingdom and a market-leading …
Advantage Capital Holdings, parent of Atlantic Coast Life Insurance and Southern Atlantic Re, has dropped its lawsuit against the South Carolina insurance department director and has agreed to mediation instead. “The department welcomes the insurers’ decision to put this distraction …
Oklahoma Attorney General Gentner Drummon announced that the state’s lawsuit against NextEra Energy Marketing for allegedly violating Oklahoma law by charging excessive prices for natural gas during Winter Storm Uri will proceed to trial. An Osage County court granted Drummond’s …
A Barnhart, Missouri man pleaded guilty to destroying property at a Telsa dealership in Kansas City, Missouri and to unlawfully possessing an unregistered destructive device. Kevin Harkins, 28, entered a guilty plea today in federal court to one count of …