Insurance
China Confirms Three Ships Passed Through Strait of Hormuz
Three Chinese ships recently sailed through the Strait of Hormuz after coordination with relevant parties, a foreign ministry spokesperson told a regular daily press briefing on Tuesday, while calling for peace and stability in the Gulf Region. The critical waterway …
Read More Israel Intensifies Lebanon Strikes With Ceasefire in Doubt
Israel launched its largest assault on Lebanon since the start of its invasion, escalating the campaign against Iran-backed Hezbollah even after the US announced a ceasefire in the wider Middle East conflict. The Israeli military said Wednesday it targeted more …
Read More Paramount President Jeff Shell to Depart After Lawsuit Scandal
Jeff Shell is stepping down as president of Paramount Skydance Corp. following a contentious lawsuit by a high-stakes gambler who accused him of leaking inside information. Shell, who served as the No. 2 executive under Chief Executive Officer David Ellison, …
Read More Hormuz Stays Blocked for Now as Hundreds of Ships Seek Exit
The Strait of Hormuz remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed …
Read More Shippers Rush for Hormuz Insurance After Truce Deal, Broker Says
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners. With the increased demand from the market also comes “a pronounced …
Read More Anthropic Touts AI Cybersecurity Project With Big Tech Partners
Anthropic announced an initiative with major technology companies, including Amazon.com, Microsoft and Apple, that lets partners preview an advanced model with cybersecurity capabilities developed by the AI startup. Under its “Project Glasswing,” select organizations will be allowed to use the …
Read More FDIC Lays Out Guidelines for Institutions Issuing Stablecoins
The Federal Deposit Insurance Corp., which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins as digital currencies become more widely accepted in the financial system. …
Read More SEC Enforcement Activity Drops Dramatically as Agency ‘Resets’
Enforcement cases brought by the U.S. Securities and Exchange Commission fell more than 20% in the latest fiscal year as the regulator “recentered” its enforcement program, the agency said April 7. The SEC brought 456 enforcement actions in the fiscal …
Read More Nantucket Flight Returns After Part of Cabin Door Opens Midair
A Cape Air flight departing from the Massachusetts island of Nantucket returned safely after part of the main cabin door opened shortly after takeoff, an alarming midair incident that prompted the crew to turn back. The aircraft remained stable and …
Read More Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images
The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to …
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