Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky

At least 27 people have been killed by storms systems that swept across part of the U.S. Midwest and South, with Kentucky Gov. Andy Beshear announcing Saturday that 18 of the deaths came in his state and 10 others were …

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Capital One to Pay $425 Million to Settle Claims Over Savings Accounts

Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice describing …

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EnergyAustralia Apologizes to Customers After Greenwashing Case

CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its carbon offsetting products. The apology was part of a settlement with advocacy organization Parents for Climate, which launched …

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Judge Dismisses LA Sparks Player’s WNBA Suit, But She Can Pursue Claim Against Las Vegas Aces

A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August that alleged …

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Mexican Navy Ship Hits Brooklyn Bridge, Killing Two on Crew

A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The tall ship Cuauhtémoc “lost power and crashed into the Brooklyn Bridge,” New York City Mayor Eric Adams …

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Army Working to Fix Military and Traffic Controllers Communications at DC Airport

A hotline between military and civilian air traffic controllers in Washington, D.C., that hasn’t worked for more than three years may have contributed to another near miss shortly after the U.S. Army resumed flying helicopters in the area for the …

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Davis & Towle Acquires New Hampshire’s Tobey & Merrill Insurance

Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merrill Insurance in Hampton. While the agency will operate under Davis & Towle’s ownership, it will keep the Tobey & Merrill name …

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Swiss Re Profits Up Despite Losses from California Wildfires

Swiss Re AG’s profit rose in the first quarter as losses from the California wildfires were offset by positive performance across the business. Net income increased to $1.3 billion from $1.1 billion a year earlier, well ahead of the $952 …

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State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing

It’s not just a few Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports on property damage in recent years. It’s also major national insurers, including Allstate and State Farm, adjusters and policyholders alleged at a U.S. Senate hearing …

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‘Synchronization’ of Europe’s Financial Rules With US, UK Is a Priority: France’s Macron

French President Emmanuel Macron said on Thursday that getting European regulation to be more in sync with the United States and the United Kingdom was one of his priorities for the banking and insurance sectors. Speaking at JPMorgan’s markets conference …

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Georgia Becomes Second State to Shield Bayer From Roundup Cancer Claims

In a victory for global agrochemical maker Bayer, Georgia has become the second state to shield pesticide manufacturers from some lawsuits claiming that they failed to warn customers of potential dangers. The legislation signed Friday by Georgia Gov. Brian Kemp …

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People Moves: Medical Liability Insurer EmPRO Expands to Massachusetts, Names 3

Medical malpractice insurer EmPRO Insurance Co. has opened its first office in Massachusetts. The new Boston office marks EmPRO’s further expansion into the New England market, following prior entries into New Jersey, Pennsylvania and Connecticut. To support its expansion, the …

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Aviva’s £3.7 Billion Direct Line Deal Faces UK Merger Review

Aviva Plc faces a review by the UK’s merger watchdog into its plan to buy Direct Line Insurance Group Plc for roughly £3.7 billion ($4.9 billion) in a deal that would create the UK’s largest motor insurer. The Competition and …

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Global Banking Regulators Agree to Prioritize Climate Risk Work

Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday to take …

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Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …

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German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims

Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires killed nearly 30 people …

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Labor Market Stays Resilient, but Workers Less Productive in Q1

The number of Americans filing new applications for unemployment benefits fell sharply as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs. Employers are hoarding workers …

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Newark Plane Traffic Slowed Again Due to Telecoms Issue, FAA Says

The Federal Aviation Administration was forced to briefly slow arriving and departing planes at New Jersey’s Newark Liberty International Airport on Sunday because of a new telecommunications issue, the agency said. The Philadelphia Terminal Radar Approach Control suffered a new …

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Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies

The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death of a specialist diver while working underwater, the company overseeing the operation said. U.K. tech magnate Mike Lynch, his daughter …

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Heathrow Fire Timeline Set Out as Grid Security Focus Sharpens

A detailed timeline of the events surrounding the unprecedented day-long blackout that hit London’s Heathrow Airport has been set out by the National Energy System Operator, as scrutiny of grid security intensifies. Heathrow was plunged into chaos on March 21 …

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