U.S. commercial pilot Rick Redfern was preparing to land at Reagan Washington National Airport about a decade ago when he spotted a bright red Coast Guard helicopter hovering about 50 feet (15 m) above the Potomac River. Air traffic control …
Near-Misses at Washington Airport Worried Pilots Long Before Fatal Crash Read More »
Australian officials urged residents in the northeastern city of Townsville and adjacent areas to evacuate as torrential rains raised the risk of a flood disaster in the area. Some parts of the north in Queensland state have had more than …
Australia Urges Residents in Northeast to Evacuate on Flood Risk Read More »
As governments grapple with what to do about DeepSeek, China’s hot new AI model — including outright bans — the UK is issuing a warning to its citizens and business: be careful. “Ultimately it is a personal choice for people, …
UK Warns DeepSeek Users of Data Risks But Won’t Yet Ban It Read More »
RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should halt the drop in property-catastrophe reinsurance prices observed at 1/1. Kevin O’Donnell, president and chief executive officer, referencing an industrywide …
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post-Wildfires: Execs Read More »
The City of London, once considered the crown jewel of Britain’s dominant services sector, has performed even worse than the rest of the economy in the years following the Brexit referendum. Financial and insurance output has grown just 2.8% since …
City of London Hit Harder Than Rest of Economy Since Brexit Vote Read More »
Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, in a marked change in procedure that could …
SEC’s Republican-Led Commission Tightens Oversight of Probes, Sources Say Read More »
For North American companies, the “wait and see” moment on tariffs is over. U.S. President Donald Trump imposed a 25% levy on goods from Canada and Mexico, along with a 10% tariff on China, in what could be the opening …
North American Companies Brace for Fallout From Tariffs Read More »
Rohit Chopra, the director of the Consumer Financial Protection Bureau under President Joe Biden, was fired by the Trump administration, a person with knowledge of the matter said. “This letter confirms that my term as CFPB director has concluded,” he …
Trump Fires Biden’s Consumer Protection Watchdog Rohit Chopra Read More »
Tesla sales fell in California in the fourth quarter of 2024, bringing down overall sales of the popular vehicle further for the year, according to a new report. The California New Car Dealers Association released its California Auto Outlook Report …
Tesla Sees Another Quarterly Decline in California Auto Sales Report Read More »
Georgia Gov. Brian Kemp on Thursday reiterated his simple pitch for lawsuit limits: They’ll halt rising insurance costs. The reality, though, is more complicated. Changes could reduce liability insurance costs for businesses and commercial property owners. The evidence is mixed …
Will Georgia Gov. Kemp’s Move to Curb Lawsuits Keep Insurance Rates From Rising? Read More »
