Marsh Risk said it has launched launched MLOne, a US lead umbrella casualty facility designed to deliver stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. Designed to sit above any primary casualty program, MLOne …

Three former crew members of a Thai cargo ship struck in the Strait of Hormuz in March filed a lawsuit Friday against the vessel’s operator over labor rights violations and unfair dismissal. The ship, the Mayuree Naree, was hit by …

Low water levels in a current heatwave are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany, increasing costs for freight transport, commodity traders said on Monday. Shallow water means vessel operators are imposing surcharges on …

A Ryanair Holdings Plc flight was forced to make an emergency landing in Greece on Friday morning after a window on the Boeing Co. 737 dislodged soon after takeoff, causing panic on board after one passenger was reportedly partially sucked …

Wildfires are breaking out across Europe after three heat waves and weeks of low rainfall left much of the continent dangerously dry, with crews battling blazes south of Paris and in the UK, while Spain reels from one of its …

China may encounter stronger and more frequent tropical cyclones over the summer months, according to the national climate agency, even after Typhoon Bavi faded over the weekend without causing the widespread flooding that some forecasters had feared. In its latest …

A handful of ships have passed through the Strait of Hormuz in secret in recent days, even as observable crossings all but ceased after a flare-up in fighting between the US and Iran. All of the six commodity carriers that …

The New York Times in a court filing on Friday accused the U.S. Equal Employment Opportunity Commission of illegally retaliating against the newspaper for its coverage of President Donald Trump’s administration by suing it for passing over a white man …

One out of every 50 employees working at a group of 30 large insurers is an AI specialist, according to an analysis published by a benchmarking firm, which ranks Allianz, AXA and Chubb as AI talent leaders. For London-based Evident, …

Apple Inc. sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. The iPhone maker said in a suit Friday that OpenAI encouraged …

Britain has designated cloud service providers Microsoft, Google, Amazon and Oracle as critical third-party suppliers to its financial sector, bringing them under direct regulatory oversight. The move is aimed at strengthening the resilience of financial firms by reducing the risk …

A few years before the more-recent spate of Florida insurance carrier insolvencies, a workers’ compensation insurer known as Guarantee Insurance Co. was declared insolvent in 2017—a rarity in the usually profitable workers’ comp line of business. Regulators blamed owner Steve …