CRC Group, an independent wholesale specialty insurance distributor in North America, announced the acquisition of Risk Transfer Partners (RTP), a casualty-focused wholesale brokerage business. This strategic acquisition enhances CRC’s capabilities and market reach, particularly in the construction, energy, environmental, and …

Crispin Odey was fined £1.8 million ($2.3 million) and banned by the UK’s financial regulator for showing a “reckless disregard” for governance at his former investment fund. The Financial Conduct Authority said in a statement Odey’s conduct demonstrated that he …

A former strip mall mogul was sentenced to five years in prison for orchestrating a fake WeWork Inc. takeover bid to profit from stock options he bought just before the company’s November 2023 bankruptcy filing. Jonathan Larmore, sentenced on Tuesdayin …

Extreme weather last year including typhoons, heatwaves and flooding led to the biggest displacement of people since 2008, and exacerbated a food crisis in more than a dozen countries, according to a report. Tropical cyclones were responsible for many of …

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

Coalition, the world’s first active insurance provider designed to prevent digital risk before it strikes, hired Maha Virudhagiri as the company’s first chief technology officer (CTO). Virudhagiri will lead engineering, IT, infosec, data, and artificial intelligence (AI) efforts to accelerate …

Investigators found that two key navigation parts failed on a United Airlines flight from Lagos to Washington on January 24, causing the plane to lurch suddenly and injure several passengers. The National Transportation Safety Board said the left and then …

U.S. health agencies announced on Tuesday a set of actions and initiatives to ensure the quality, safety, nutritional adequacy and resilience of domestic infant formula supply. The Food and Drug Administration outlined a set of plans named “Operation Stork Speed,” …

The New York State Department of Financial Services (DFS) has launched the DFS Connect platform, a portal that will centralize the department’s interactions with regulated entities and consumers. According to DFS Superintendent Adrienne Harris, DFS Connect is a “pivotal example” …

Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of Cyber Echo Encore, an enhancement to its existing Cyber Echo insurance facility. The facility’s enhancement provides Marsh clients with the option to access up to $45 million in …

The Wikimedia Foundation, which runs Wikipedia, has asked India’s Supreme Court to quash an order directing the online encyclopedia operator to take down a page describing its legal dispute with a domestic news agency. Wikimedia told the court that complying …