INSURANCE NEWS
US Hits Several Iran Oil Tankers in Response to Warship Attack
The US attacked more Iranian oil tankers overnight, with the worsening tensions over control of the Strait of Hormuz sending Brent crude beyond $100 a barrel. The American military said it “destroyed” five vessels in response to Iran’s Islamic Revolutionary …
People Moves: Eckert Lands With Willis Re as CEO
Willis Re said it has hired Neil Eckert as CEO one day after Conduit Holdings announced Eckert would be leaving as CEO of Conduit Re. Willis Re said Eckert will lead its global broking and advisory strategy to drive growth …
Farmers Embrace AI More Than Any Other Tech, McKinsey Says
Artificial intelligence use is surging on farms as growers look for some high-tech help in planning and managing operations after years of scaling back on spending, according to McKinsey & Co. Some 17% of the world’s farmers now use generative …
Luminis Cybersecurity Incident Highlights ‘Concerning’ Rise in Attacks on Healthcare
Cyberattacks on the healthcare industry, like the one that hit an Anne Arundel County hospital last week, are becoming increasingly common and state-level policymakers should prepare for even more, an expert said Tuesday. “I think it’s incumbent upon people who …
UK Flight Chaos Spills Into Second Day After Tech Outage
Air travelers in the UK faced a second day of severe disruptions after a technical glitch at a key node forced Heathrow Airport and other hubs to cancel hundreds of flights, adding to similar incidents in recent years that have …
Boards Prepare for Digital Infrastructure Shocks, Survey Says
Large companies and public bodies are increasingly scrutinizing their dependence on critical digital infrastructure as geopolitical tensions, export controls and cyber threats expose vulnerabilities that were once largely taken for granted, a Capgemini survey published on Tuesday showed. Responses from …
German Police Detain Suspect After Sabotage Attacks on Power Grid
German police have detained a 48-year-old man suspected of carrying out a series of sabotage attacks on the country’s electricity grid, police and prosecutors said on Tuesday. The suspect, identified as Daniel V. in line with German privacy rules, was …
Shipping Nations Warn Global Trade Is Fracturing — And Everyone Pays
The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday. “Shipping routes are increasingly …
Trump Administration Stalled a Survey of PFAS in Wastewater, Former EPA Officials Say
The Trump administration has stalled a study that would help regulators understand which industries dump harmful forever chemicals with their wastewater, according to two former agency officials who were involved in its development. A public notice shows the first of …
Amazon Accused in Lawsuit of Systematic Discrimination Against Pregnant Employees
Amazon.com was sued on Sept. 8 in a proposed nationwide class action accusing the retailer of systematically discriminating against thousands of pregnant employees, including by firing some it claimed took too much time off. According to a complaint filed by …
Intense Los Angeles Heat to Send State’s Power Demand Soaring
California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through …
Washington Commanders Player Scores Workers’ Compensation Win
The Washington Commanders football team has failed to block a workers’ compensation claim in Maryland by a former defensive tackle injured at the team’s training facility in Virginia just three days after he was signed by the team. In 2024, …