INSURANCE NEWS
Mexico Visitors Shaken as Cartel Death Fuels Travel Chaos
Despite assurances from President Claudia Sheinbaum and her security minister Monday that Mexico was returning to normal after a weekend of cartel violence, many vacationers to Puerto Vallarta and other cities still faced canceled flights and shelter-in-place warnings. The travel …
NC House Fire That Killed Hamlin’s Father Ruled Accidental But Cause Unknown
The North Carolina house fire that killed NASCAR driver Denny Hamlin’s father and injured his mother has been ruled accidental but it’s still unclear what started it. A report released by Gaston County Emergency Management & Fire Services said the …
UK Sanctions New Zealand Insurer Maritime Mutual After Reuters Report
Britain on Tuesday sanctioned Maritime Mutual, the New Zealand-based marine insurer that was the subject of a Reuters special report into how it had helped in the trade of tens of billions of dollars of Iranian and Russian oil. “(Maritime …
Over 2,000 Flights Cancelled, 380,000 Homes Without Power as Storm Effects Continue
U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …
FedEx Sues US for Refund on Trump’s Emergency Tariffs
Global transportation company FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump’s emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last week deemed …
EU’s Russia Sanctions Hit Roadblock Put Up by Hungary, Slovakia
The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures, laying bare divisions within the bloc as the war in Ukraine enters its fifth year. Efforts by EU foreign ministers …
UK Targets Russian Oil Fleet With Biggest Sanctions Hit in Years
The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine. Britain targeted 175 companies in the 2Rivers network, according to a statement from …
Oklahoma Captive insurance Program Adds 10 Insurers
The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers. Oklahoma has now surpassed its previous high of 73 captive insurers, which was set …
Marsh Mulls Sale of PCS, Financial Risk Manager for Super Rich Asians
Marsh is exploring a sale of its financial risk manager and life insurance broker for high-net-worth individuals in Asia, according to people familiar with the matter. Marsh, formerly known as Marsh & McLennan Cos., is working with an adviser on …
Oklahoma Medical Practice to Pay $90K in Pregnancy Discrimination Lawsuit
Urologic Specialists of Oklahoma, Inc., a medical practice that operates five clinics employing two dozen physicians in Oklahoma, Arkansas and Missouri, will pay $90,000 and furnish other relief to settle a pregnancy and disability discrimination lawsuit brought by the U.S. …
Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’
World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing …
US Supreme Court to Hear Bid by Oil Companies to Toss Climate Suits
The U.S. Supreme Court has agreed to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder, Colorado that seeks to hold the oil companies liable for helping fuel climate change in a …