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Three Tankers Carrying Saudi Crude Make U-Turns in Red Sea After Houthi Warning
Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast at the sea’s mouth following a warning from Yemen’s Iran-aligned …
POSTED JULY 22, 2026 11:12 AM |
EU Insurance Regulator Demands Long-Term View From Private Equity Buyers
Private equity firms seeking to buy European insurers must show they can support policyholders for the long term rather than pursuing a quick profit, Europe’s insurance watchdog said. Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), …
POSTED JULY 22, 2026 9:56 AM |
Lloyd’s of London Says Former CEO Neal Breached Compliance Rules
Lloyd’s of London said former Chief Executive Officer John Neal breached its compliance rules after failing to disclose a close relationship that could have been perceived as creating a potential conflict of interest. An investigation found that Neal failed to …
POSTED JULY 22, 2026 9:42 AM |
Families of Men Switched at Birth Sue North Dakota Hospital
The families of two men who discovered through DNA tests that they were switched at birth 38 years ago are accusing a North Dakota hospital of robbing them of the lives they were supposed to lead. Kyle Bylin discovered his …
POSTED JULY 22, 2026 7:16 AM |
Texas Flood Destroyed 135 Homes in Kerr County, Governor Says
Swift-moving floodwater destroyed or heavily damaged 135 homes in Kerr County, Gov. Greg Abbott said Monday from Kerrville after taking a helicopter survey of affected areas and receiving a briefing by state and area officials. Water that surged over the …
POSTED JULY 22, 2026 7:00 AM |
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
It’s no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. Three ISO exclusions have garnered more interest from carriers, …
POSTED JULY 22, 2026 5:36 AM |
Judge Approves Anthropic’s $1.5 Billion Settlement of Copyright Lawsuit
A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its …
POSTED JULY 22, 2026 5:29 AM |
Heat Morphs Into a Major Economic Shock for an Unprepared Europe
Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects. The region, where temperatures are rising at a pace that’s roughly twice the global average, can no longer afford to ignore the economic impact …
POSTED JULY 22, 2026 5:10 AM |
Amgen Settles Shareholder Lawsuit Claiming it Hid $10.7 Billion Tax Bill
Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …
POSTED JULY 22, 2026 5:04 AM |
Kentucky DOI Set to Lower Exam Score Requirements if Agent Has Sponsor
Applicants hoping to become insurance agents in Georgia may soon be able to start work even if they don’t ace the license exam. The state Office of Commissioner of Insurance will hold a hearing next week on proposed changes to …
POSTED JULY 22, 2026 5:02 AM |
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