California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the costs of a major catastrophe in the state. The plan now faces $311 billion in potential losses, up from $50 billion six years ago, California …

Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price …

The Lloyd’s market and the Bermuda Monetary Authority (BMA) are jointly developing an initiative to share risk expertise between these two major re/insurance hubs. The focus will be on fostering innovation through the Lloyd’s Lab and improving access to education …

Across Paraguay, hackers knocked out online services provided by the foreign ministry and companies. In Sweden, they crippled the payroll and human resources systems of more than 100 government bodies, including the central bank and parliament, as well as hospitals, …

SAVANNAH, Ga. (AP) — There was no green beer, no pickup trucks towing parade floats or throngs of tourists in gaudy green outfits. Instead, just a few dozen of Savannah’s early Irish immigrants marched a half-mile from a hotel near …

BIRMINGHAM, Ala. (AP) — An Alabama judge cut bond by nearly $1.9 million on Tuesday for a man accused of fleeing from police during a car chase and causing a crash last January that injured Gayle Manchin, the wife of …

Texas fires released roughly 3.4 million metric ton of carbon dioxide in January and February, according to a new analysis. In January, Texas fires pumped out 440,400 tons of CO2 emissions, according to Copernicus Atmosphere Monitoring Service data shared with …

This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty Division Howden Tiger, the reinsurance and capital advisory arm …

A small plane crash in a remote area of central Oregon has killed everyone on board, local authorities said. The Jefferson County Sheriff’s Office said a 911 call around 7:40 p.m. Sunday reported the crash outside the city of Madras, …

The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger …

UnitedHealth Group said Wednesday evening that its unit Change Healthcare’s pharmacy network was back online, weeks after a cyberattack had a knock-on effect across the country’s healthcare system that depends heavily on insurance. Change Healthcare processes about 50% of medical …

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …