China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies. Beijing has often railed against unilateral sanctions …

The Baltic Exchange, the world’s top provider of benchmark shipping indices, has denied allegations from Mercuria that some of its oil tanker pricing data caused losses at the commodity trader. In a court filing dated April 30, Switzerland-based Mercuria said …

Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, …

A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …

U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …

As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …

KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …

Berkshire Hathaway reported improved first-quarter performance from the conglomerate’s insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. “The reality is that … as our insurance business softens, we cannot realize the value we should for …

Under a bill poised to win approval in the South Carolina legislature, the decades-old practice of letting many drivers automatically enjoy relatively painless windshield replacements may soon disappear. House Bill 4817, titled the “Insurance Rate Reduction and Policy Holder Protection …

Inszone Insurance Services announced the acquisition of Mena Insurance Agency, Inc. This strategic acquisition brings a century-old institution and an experienced team into the Inszone organization, further expanding its footprint in Arkansas. Founded in 1911 by H.G. McLafferty, Mena Insurance …

In a rare crossing of insurance lines, Alabama-based Protective Life Insurance Co. is moving to expand into property/casualty lines by acquiring Obsidian Insurance Holdings, Inc., a New York-based property, casualty and specialty insurance platform. The companies say the acquisition will …

Former Florida governor and U.S. Rep. Charlie Crist is seeking yet another office, this time running for mayor of his hometown of St. Petersburg. Crist, 69, has been a Republican, a Democrat and an independent during his political career. He …