Insurance
Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped
The Delta Air Lines Inc. plane that flipped over as it landed in Toronto last month was warned about its rate of descent, according to a preliminary report released Thursday by the Transportation Safety Board of Canada. The CRJ-900 regional …
Read More UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis
Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange. The Financial Conduct Authority imposed a penalty of …
Read More Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet,’ Spiegel Reports
Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security …
Read More Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …
Read More Texas Senate Passes Ban on Hemp
The Texas Senate on Wednesday passed a state ban on all forms of tetrahydrocannabinol, or THC, advancing a priority of Lt. Gov. Dan Patrick to crack down on the state’s booming consumable hemp market six years after lawmakers inadvertently permitted …
Read More Highway Pileup in Kansas Shows How Dust Storms Can Turn Deadly
A gust of wind sweeps over bare soil, kicking up enough dirt and dust to cut visibility to nearly zero, and for drivers, the dust storm seems to come out of nowhere. Such conditions resulted in a pileup on Interstate …
Read More Carbon-Capture Pipeline Faces Delay After S.D. Eminent Domain Ban
The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …
Read More Gen AI Is Shaking Up Underwriting, But Can It Replace Human Judgment?
Artificial intelligence technology has continued to evolve, and it’s affecting many areas of insurance from claims to underwriting to customer service, according to panelists at the 2025 PLUS D&O Symposium in New York City. But has the technology developed so …
Read More Big Tech’s Data Center Boom Poses New Risk to Grid Operators
Data Center Alley, a 30-square-mile stretch outside Washington D.C. and home to more than 200 data centers, consumes roughly the same electricity as Boston. So power company officials were alarmed when a big chunk of those centers – 60 of …
Read More Carolina Woman Charged With Fraud After Claiming Slips and Falls at 8 Groceries
North Carolina authorities charged a woman with insurance fraud after learning that she made slip-and-fall claims at multiple grocery stores in the area. Jackie Kay Lynch, 61, of Wilson, east of Raleigh, filed a $1,000 claim in August 2024 with …
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