India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an …

Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver and the accompanying …

Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida entered the mid-year …

Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European …

US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20 reports …

A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …

Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …

Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance commissioner last …

Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …

Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records or legally …

The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …

In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy …