INSURANCE NEWS
Two Youths Killed, Two in Critical Condition After Barge Hits Sailboat in Miami
Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …
All 3 Aboard Small Plane That Crashed in Ocean off California Died, Officials Say
All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occupants of the plane that went …
EPA Set to Unravel US Authority to Regulate Greenhouse Gases
The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection Agency will unveil a proposal …
Cincinnati Financial More Than Doubles Q2 Net Income
Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy …
Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines
Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …
Deadly Spree in Midtown Manhattan Spawns Evening of Fear in NYC
Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …
Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain
Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. …
India Moves to Shield Power Grids From Solar Equipment Malware
India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into electricity for homes and …
Musk’s Geopolitical Influence Raises Concerns Among Regulators and Lawmakers
During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided early in the …
Lack of Proper Insurance Coverage for Data Centers Presents Pitfalls
As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying close attention to policy …
Volunteers Repair Appalachian Trail Damage Almost a Year After Hurricane Helene
UNICOI COUNTY, Tenn. (AP) — In a rugged patch of the Appalachian Trail in eastern Tennessee, volunteers size up a massive, gnarled tree lying on its side. Its tangled web of roots and dark brown soil, known as a root …
PG&E in California Reaches Accidental Release Rule Settlement
Pacific Gas and Electric Company has reached a settlement to resolve a violation of the Clean Air Act and the 2020 Accidental Release Reporting rule. The agreement with the U.S. Environmental Protection Agency and the U.S. Chemical Safety and Hazard …