News

Man Accused of Starting Wildfire Near Arizona-California Border

A Yuma man has been arrested for allegedly starting a wildfire in a national wildlife preserve in southwest Arizona near the California border, according to authorities. Yuma County Sheriff’s officials said 47-year-old Jason Bradley Martin remains jailed on suspicion of …

Restaurant Workers’ Battle for Higher Minimum Wage Goes National

US restaurants grappling with high costs and penny-pinching consumers are making a tough pitch to voters: that boosting pay to millions of workers is a bad idea. At least four states are set to vote on measures to make restaurants …

Kentucky, Alabama Towns Dealing with Tornado Damage, Florida Feeling Record Heat

The latest community left with shattered homes and no power was the tiny Kentucky town of Charleston, which took a direct hit Sunday night from a tornado that the governor said appeared to be on the ground for 40 miles …

New Jersey Contractor to Pay $13K Penalty After Worker’s Fatal 5-Story Fall

The federal Occupational Safety and Health Administration (OSHA) reports it has reached a settlement agreement with a New Jersey contractor after a worker suffered a fatal fall at a Bayonne worksite in October 2023. The settlement followed an OSHA inspection …

Where the AI Risks Are: Swiss Re’s Top 10 Ranking by Industry

The insurance industry came in sixth in a ranking of 10 major industries based on current AI risk, and seventh based on future risk, with health care replacing IT as the most exposed sector in the next 10 years. The …

People Moves: Ryan Hired to Head Hyperexponential US P/C; Carnes Named Nationwide’s Chief Pet Officer

Insurtech hyperexponential has hired Risa Ryan as head of US P/C. Risa was most recently chief underwriting officer at Sompo International. She will be based in New York. She has over 25 years of industry experience, having spent over a …

Hacking Group Claims It Stole Client Data From Christie’s

After a cyberattack on Christie’s auction house earlier this month, a hacker group called RansomHub claimed responsibility. In a post on the dark web Monday, RansomHub said that it had gained access to the personal information of the firm’s wealthy …

Markets/Coverages: Ariel Green Expands Tech Performance Ins. Consortium at Lloyd’s

Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets participating and capacity available, to protect clean …

Update: Greek-Owned Ship Takes on Water After Being Hit by Missiles in Red Sea

A bulk carrier has taken on water and is leaning to the side after being attacked while sailing through the Red Sea, underscoring the continuing risks facing ships trying to navigate a waterway long critical to global trade. The Laax …

PwC Lost Five China Clients After Evergrande-Linked Probe

PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings Co. said on May 27 it …

News Archives by Month