Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability.The fund, which holds about A$65 million of QBE shares, …
Insurer QBE Faces Investor Pressure Over Extreme Weather Risks Read More »
A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the …
Oil Tanker Pricing Feud Embroils Centuries-Old London Market Read More »
Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control. A weeks-long ceasefire between the US and Iran …
Ships Cluster Further From Hormuz Strait as Iran Widens Grip Read More »
The fragile truce in the Middle East was in jeopardy on Tuesday after the U.S. and Iran launched new attacks as they wrestled for control of the Strait of Hormuz. The U.S. military said on Monday it destroyed six Iranian …
Middle East Truce in Doubt as US and Iran Launch New Attacks for Control of Hormuz Read More »
Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and …
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law Read More »
A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a …
Federal Judge Has ‘Grave Concerns’ About Missouri Roundup Deal Read More »
From driving cars to flying drones, as autonomous robots take on more responsibility, they also face more human-like dilemmas — including what to do when rules collide. For a self-driving vehicle, this conundrum might pop up when a pedestrian suddenly …
For Autonomous Robots, Not All Rules Are Equal Read More »
The Massachusetts Supreme Court appeared skeptical of Kalshi Inc.’s claim that its prediction markets don’t fall under state gambling laws because the company is instead providing financial arrangements between people using “swap” contracts on events like sports. The case is …
Kalshi Grilled by Massachusetts High Court Over What Gambling Is Read More »
Oregon regulators ordered a health sharing company to stop selling coverage to residents, saying the company’s membership plans were functioning as unlicensed insurance. ClearShare Health was ordered to stop selling coverage by the Oregon Division of Financial Regulation, which began …
Oregon Regulator Shutting Down Health Sharing Company’s ‘Unlicensed’ Insurance Program Read More »
Delta Dental Insurance Co. (DDIC) and Delta Dental of New York, Inc. (DDNY) will pay a $2.25 million penalty for violations of New York’s cybersecurity regulation, the Department of Financial Services (DFS) reported. Acting DFS Superintendent Kaitlin Asrow said that …
Delta Dental Insurers to Pay New York $2.25M Over Cybersecurity Incident Read More »
