Insurance
Over 2,000 Flights Cancelled, 380,000 Homes Without Power as Storm Effects Continue
U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …
Read More FedEx Sues US for Refund on Trump’s Emergency Tariffs
Global transportation company FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump’s emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last week deemed …
Read More EU’s Russia Sanctions Hit Roadblock Put Up by Hungary, Slovakia
The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures, laying bare divisions within the bloc as the war in Ukraine enters its fifth year. Efforts by EU foreign ministers …
Read More UK Targets Russian Oil Fleet With Biggest Sanctions Hit in Years
The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine. Britain targeted 175 companies in the 2Rivers network, according to a statement from …
Read More Oklahoma Captive insurance Program Adds 10 Insurers
The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers. Oklahoma has now surpassed its previous high of 73 captive insurers, which was set …
Read More Marsh Mulls Sale of PCS, Financial Risk Manager for Super Rich Asians
Marsh is exploring a sale of its financial risk manager and life insurance broker for high-net-worth individuals in Asia, according to people familiar with the matter. Marsh, formerly known as Marsh & McLennan Cos., is working with an adviser on …
Read More Oklahoma Medical Practice to Pay $90K in Pregnancy Discrimination Lawsuit
Urologic Specialists of Oklahoma, Inc., a medical practice that operates five clinics employing two dozen physicians in Oklahoma, Arkansas and Missouri, will pay $90,000 and furnish other relief to settle a pregnancy and disability discrimination lawsuit brought by the U.S. …
Read More Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’
World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing …
Read More US Supreme Court to Hear Bid by Oil Companies to Toss Climate Suits
The U.S. Supreme Court has agreed to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder, Colorado that seeks to hold the oil companies liable for helping fuel climate change in a …
Read More Court Sharpens Causation Standard in All-Risk Policies in NC Church Mutual Case
In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina law but could make some claims …
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