Insurance

The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …

The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …

As data center construction accelerates across the U.S. and globally, the conversation has rightly focused on environmental impact and land use. But there is a less viable risk accumulating in the supply chain that we believe risk managers would do …

Gov. JB Pritzker signed artificial intelligence legislation modeled after similar bills in California and New York on Monday, furthering a push for a state-driven national framework in lieu of federal regulations. “Congress and the president ought to be passing similar …

The Texas Senate Committee on Health and Human Services held a public hearing Tuesday to gather information that will shape future legislation on THC products sold in the state. Lawmakers made arguments against THC that harkened back to the days …

AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of OMS National Insurance Company, …

Brown & Riding this week announced the launch of its new national Private Client Practice, a specialty practice area focused on affluent personal lines risks. The practice is led by Courtney Kerr, a seasoned private client professional, and backed by …

HDI Global (HDI) said it has strengthened its underwriting leadership team in the U.S. with the appointments of Bevan Greibesland as chief underwriting officer, specialty lines, and Bruce Griffin as chief underwriting officer, long tail lines. Greibesland joined HDI in …

Mayor Michelle Wu announced that the city of Boston, on behalf of Boston Public Schools (BPS), has filed a lawsuit against Meta and other social media companies, including TikTok, Snapchat, and YouTube, alleging that these platforms deliberately target minors with …

London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen, in a sign of growing caution from shipowners as the US and Iran exchange attacks. …