Insurance

Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway, after U.S. President Donald Trump called off attacks indefinitely with no sign of peace talks restarting. Iran’s semi-official Tasnim news agency said …

First quarter 2026 net income at W.R. Berkley Corp. increased about 23.4% compared to the same period a year ago to about $515.2 million. Operating income for the first three months of the year was a record $514.3 million. The …

The chief financial officers of some of the world’s top commodity trading houses warned that the protracted closure of the Strait of Hormuz may lead to a wave of disputes stemming from lost supply. Several oil and gas producing giants …

Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the …

Casualty claims are becoming more expensive at a faster rate, but medical professional liability stands out as one casualty line where compounding factors are turning severity deterioration into a heightened risk. According to an S&P Global Market Intelligence report, written …

It’s been called one of the most unusual medical malpractice cases and one that has raised questions for organ donors, organ recovery centers and their insurance carriers. Paula Denison, age 57, was taken to the emergency room at Anderson Regional …

New York’s attorney general sued Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O on Tuesday, claiming their prediction markets violate state laws against illegal gambling. In petitions filed in state court in Manhattan, Attorney General Letitia James said Coinbase and …

Tesla Inc. saw a steep drop in vehicle registrations in California as consumers in the Golden State increasingly embrace hybrid vehicles. Tesla’s first-quarter registrations declined 24% in the state compared with the prior-year period, according to a report released Tuesday …

Hackers linked to foreign governments are now behind the majority of “nationally significant” cyberattacks targeting the UK, the country’s top cybersecurity official is set to warn. Richard Horne, chief executive officer of the National Cyber Security Centre, or NCSC, is …

Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday. Competition lawyer Maria Luisa Stasi is …