China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension rises between the world’s largest economies. Beijing has often railed against unilateral sanctions …
China’s Unprecedented Defiance of US Sanctions Triggers Showdown Read More »
The Baltic Exchange, the world’s top provider of benchmark shipping indices, has denied allegations from Mercuria that some of its oil tanker pricing data caused losses at the commodity trader. In a court filing dated April 30, Switzerland-based Mercuria said …
Baltic Exchange Denies Mercuria’s Allegations Over Hormuz Freight Losses Read More »
Five members of a pickleball club who died after the small plane carrying them crashed in Texas are being mourned by a tight-knit community of fellow players. The Texas Department of Public Safety confirmed Saturday that Justin Appling, Hayden Dillard, …
Plane Crashes in Texas Hill Country, Killing 5 Pickleball Players Read More »
A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …
SpaceX Sued for Alleged Home Damage in South Texas Read More »
U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …
CISA Weighs Cutting Deadlines to Fix Digital Flaws Amid Worries Over AI Read More »
As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …
Misclassification Costs Workers, Social Insurance Read More »
KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …
KBRA Assigns Issuer Rating to Universal, as Q1 Results Mark ‘Fantastic’ Start to 2026 Read More »
Berkshire Hathaway reported improved first-quarter performance from the conglomerate’s insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. “The reality is that … as our insurance business softens, we cannot realize the value we should for …
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive Read More »
Under a bill poised to win approval in the South Carolina legislature, the decades-old practice of letting many drivers automatically enjoy relatively painless windshield replacements may soon disappear. House Bill 4817, titled the “Insurance Rate Reduction and Policy Holder Protection …
SC Bill Would Change ‘Free’ Windshield Replacement and Give DOI More Authority Read More »
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver Read More »
