Hurricane Debby slammed into Florida southeast of Tallahassee as a Category 1 storm after intensifying over warm waters, the latest evidence that this will be a robust season for tropical cyclones. The storm’s top winds reached 80 miles (130 kilometers) …
CrowdStrike on Sunday rejected a claim by Delta Air Lines that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability. Delta CEO Ed Bastian …
Pennsylvania officials contend that a $310 million federal government settlement reached with Norfolk Southern Railway Co. over the 2023 train derailment in East Palestine, Ohio does not adequately meet the needs of Pennsylvanians affected by the tragedy. In a letter …
This edition of International People Moves details appointments at QBE Europe, Trium Syndicate, and Markel in Singapore and Hong Kong. A summary of these new hires follows here. QBE Promotes Desch as German General Manager QBE has named Fabian Desch …
A New Jersey Transit driver who suffered career-ending injuries from overheating after he was ordered to operate a train even though his cab’s temperature was 114 degrees can keep his $11.6 million jury award. Over objections by New Jersey Transit …
A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. WHAT HAPPENED? The Singapore-flagged Hafnia …
Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it braces for penalties over its work for troubled property developer Evergrande, said two sources. The regulators, mainly the Ministry of …
Insurers continue to grapple with elusive and ever changing cyber risks in the critical infrastructure sector, and Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, said he sees a three-party system emerging between insurers, policyholders, and the …
A U.S. regulator said on Wednesday it still believes that air bag inflators in 49 million U.S. vehicles assembled by 13 automakers pose serious safety risks and it is considering issuing a recall. The issue has been linked to one …
TikTok was sued by the US for allegedly collecting data on children in violation of an online privacy act, three months after the popular video app sued the government over a law that could ban it across the country. In …
