INSURANCE NEWS
New York Attorney General Urges Congress to Bolster Crypto Regulations
New York Attorney General Letitia James urged lawmakers on Thursday to pass legislation to create a federal regulatory framework for cryptocurrencies, arguing that digital asset investors urgently need stronger protections. In a letter to top congressional leadership, including Senate Majority …
Estonia Detains and Boards Russia-Bound Oil Tanker Over Insurance Status
Estonia’s navy stopped and boarded a sanctioned, Russia-bound vessel in the Baltic Sea on Friday over its insurance status and suspicions that the vessel belonged to Moscow’s shadow fleet, which facilitates the illicit trade in Russian oil. The tanker, Kiwala, …
Deadly Landslide in Indonesia’s Nickel Hub Signals Supply Risk
A deadly landslide at a top nickel-producing hub in Indonesia has heightened scrutiny of a method used to extract the battery metal from low-grade ore, spurring concern among buyers about the future of a vital source of supply. Two workers …
Hackers Breach Morocco’s Social Security Database in Unprecedented Cyberattack
Morocco ‘s social security agency said troves of data were stolen from its systems in a cyberattack this week that resulted in personal information being leaked on the messaging app Telegram. The North African kingdom’s social security fund administers pensions …
AI Weather Models Promise Super Granular, Specialist Forecasts
The weather forecasting industry has made big leaps in accuracy but has struggled with hyper-local predictions. But the proliferation of AI weather models in recent years means small, commercial firms are now developing the ability to rapidly make specialized predictions, …
Ageas to Buy UK Insurance Platform Esure for $1.7 Billion
Ageas has agreed to buy British car and home insurer esure from Bain Capital for 1.3 billion pounds ($1.7 billion) in a move that will create the third largest personal lines platform in the UK, the Belgian insurance company said …
Keystone Pipeline Operator Ordered to Take Corrective Actions After Oil Sill
Federal regulators have ordered the operator of the Keystone Pipeline to take several corrective actions after a rupture caused 147,000 gallons of oil to spill onto farmland in North Dakota, and the company said its goal is to resume deliveries …
Trump Sued by Law Firm Behind $787.5 Million Fox News Case
Susman Godfrey is the latest major law firm to take the Trump administration to court over an executive order aimed at its attorneys. Susman on Friday filed a suit to challenge President Donald Trump’s April 9 order, arguing that he …
Cybersecurity Industry Falls Silent as Trump Turns Ire on SentinelOne
The cybersecurity industry has gone mostly quiet after President Donald Trump took action against one of its prominent members. Trump on Wednesday ordered the cancellation of security clearances of SentinelOne executives and employees, part of a campaign to use the …
Florida Art Dealer Charged in Fake Warhol Artwork Scheme
MIAMI (AP) — A South Florida art dealer and another man face charges involving the sale of fake Andy Warhol artworks, authorities said. Leslie Roberts, 62, of Miami, and Carlos Miguel Rodriguez Melendez, 37, of Sunny Isles, were arrested Wednesday …
Three Killed When Small Plane Crashes in Boca Raton Near Highway
BOCA RATON, Fla. (AP) — Three people were killed and one was injured when a small plane crashed Friday morning in South Florida near a major interstate highway and pushed a car onto railroad tracks, officials said. Boca Raton Fire …
Hawaii Lawmakers Wrangle Bills to Rescue Utility Hit by Wildfire Suits
Hawaiian Electric Co. is making a final legislative push this month, asking lawmakers to help shore up its financial foundation, which crumbled after the 2023 Maui wildfire that killed 102 people and destroyed much of Lahaina. HECO and its parent …