Buffett may end donations to Gates charity over Bill's ties to Epstein

Revelations about Jeffrey Epstein's ties to Bill Gates have strained his friendship with Warren Buffett and the Omaha billionaire's annual multi-billion-dollar donations to the Gates Foundation.

from Investing https://ift.tt/oRG2jWq
via IFTTT

Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says

Hailstorms drove record insured damages as severe convective storms become more common and damaging, popping up in new places, a new report shows.

from News Archives - Insurance Journal https://ift.tt/nCABHvD

UK Motor Finance Scandal to Cost Lenders $12 Billion

The motor finance industry must pay around 9.1 billion pounds ($12 billion) to compensate UK motorists for unfair vehicle loans under the market regulator’s trimmed, final bill for one of Britain’s costliest financial mis-selling scandals. The headline number, unveiled by …

from News Archives - Insurance Journal https://ift.tt/JALkmM3

Vermont Defends Its Climate Superfund Law Against Trump Administration Lawsuit

Vermont’s effort to make fossil fuel companies pay for damage caused by climate change was tested Monday in a federal courtroom, where the state argued that two lawsuits challenging its groundbreaking 2024 law should be thrown out. Vermont became the …

from News Archives - Insurance Journal https://ift.tt/mYuWAJz

Viewpoint: How Will the Middle East War Affect the Insurance Sector?

The recent escalation of the Middle East war introduces geopolitical instability with potential long-lasting effects on commodities, financing conditions, global supply chains, and macro-credit conditions depending on the duration and scale of the conflict. S&P Global Ratings’ base case for …

from News Archives - Insurance Journal https://ift.tt/dZeUYKf

War Risk Insurers Win Bid to Appeal UK Ruling on Jets Lost in Russia

Insurers including Chubb, Fidelis and Lloyd’s were granted permission on Tuesday to appeal against a London court ruling in favor of the world’s largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine. London’s High Court …

from News Archives - Insurance Journal https://ift.tt/dDnqrRm

European Aviation Body Eyes Safety Risks as Conflict Squeezes Flight Corridors

Wars, including a widening conflict in the Middle East, are heightening risks for aviation as flight corridors are squeezed and drones become more widespread, Europe’s top aviation safety regulator told Reuters. The month-old Iran war is reshaping airspace across the …

from News Archives - Insurance Journal https://ift.tt/XWPk86L

Shippers Fear Death More Than Costs as US Aims to Open Hormuz

Shippers remain doubtful of a wholesale return to the Strait of Hormuz while it remains beset by conflict, throwing cold wateron a Trump administration plan for US-backed insurance and naval escorts to clear passage through the vital waterway. “This is …

from News Archives - Insurance Journal https://ift.tt/CMXo8dr

Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War

Israel and US strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic victory — a tightening grip over …

from News Archives - Insurance Journal https://ift.tt/lqtSrsJ

Africa’s Biggest City Takes Out $7.5 Million Flood-Risk Policy

Lagos, Nigeria’s commercial hub, has secured a $7.5 million flood insurance policy so some of its poorest residents can access relief when disaster strikes. The policy covers up to 4 million people in the coastal megacity, according to a statement …

from News Archives - Insurance Journal https://ift.tt/hWnSUXP

Crypto ‘Insurance’ Might Not Protect Customers From Theft

When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn’t too worried. He had signed up for Coinbase One, a $29.99 monthly subscription that promised up to $1 million of account protection. Coinbase’s response? …

from News Archives - Insurance Journal https://ift.tt/0S8yw3j

Baseball Player Sues His Parents, Alleging They Are Misusing His Money

Philadelphia Phillies third baseman Alec Bohm has sued his parents for millions of dollars, accusing them of siphoning large amounts of his money into financial accounts they managed for him and then using some of the cash to pay their …

from News Archives - Insurance Journal https://ift.tt/NOwlUv7

Top Wall Street analysts like these dividend stocks for solid returns

These stocks that pay dividends consistently have the ability to generate long-term capital appreciation.

from Investing https://ift.tt/9sop8wz
via IFTTT

Berkshire shares suffer longest losing streak in more than 7 years

Shares of Berkshire Hathaway have lost ground for eight consecutive days. It is their longest losing streak since December of 2018.

from Investing https://ift.tt/oq3g1iv
via IFTTT

The Scope of Damage From Hawaii’s Floods Becomes Clearer

The worst flooding to hit Hawaii in two decades has swept homes off their foundations, floated cars out of driveways and left floors, walls and counters covered in thick, reddish volcanic mud. Authorities said hundreds of homes had been damaged, …

from News Archives - Insurance Journal https://ift.tt/1lIN9v0

US Senate Votes to Fund Most of Homeland Security After Shutdown Disrupts Airports

The US Senate passed legislation early Friday to fund most of the Department of Homeland Security, forging a path to end a lengthy partial government shutdown that snarled airport security and threatened to ripple through an economy already roiled by …

from News Archives - Insurance Journal https://ift.tt/nsCM0aR

Trump Extends Deadline for Striking Iran’s Energy Plants Into April

U.S. President Donald Trump said he would again extend the deadline for Iran to reopen the Strait of Hormuz or face the destruction of its energy plants, after Tehran had earlier rejected a 15-point U.S. proposal to end the fighting …

from News Archives - Insurance Journal https://ift.tt/Wpk5hdw

Uber, Autonomous Mobility Firms to Launch Europe’s First Commercial Robotaxis

Uber Technologies and autonomous mobility companies Verne and Pony.ai have partnered up to launch Europe’s first commercial robotaxi service in the Croatian capital Zagreb, with plans to expand to other cities, they said on Thursday. Robotaxis are rapidly expanding into …

from News Archives - Insurance Journal https://ift.tt/DQhoLFu

Rich Britons Reap Biggest Benefits From UK State Flood Program

It’s not how the program was supposed to work. But thanks to a legal anachronism, Britain’s state-backed plan intended to help those most exposed to flooding has ended up favoring the country’s richest property owners. Economists at the Bank of …

from News Archives - Insurance Journal https://ift.tt/XxrlUBT

Baltimore Sues Elon Musk’s xAI Over Grok Sexual ‘Deepfakes’

The city of Baltimore sued Elon Musk’s xAI on Tuesday, claiming its Grok chatbot illegally generates nonconsensual sexually explicit images, including of children. Baltimore, with a population of about 568,000, is the largest city to sue xAI over “deepfakes” attributed …

from News Archives - Insurance Journal https://ift.tt/QqybRaL