Iowa Agrees to Speed Up Access to Civil Court Cases

DES MOINES, Iowa (AP) — The state of Iowa will provide “contemporaneous” access to newly filed civil court cases to settle a lawsuit that accused the state of violating the First Amendment by delaying access to those filings, the Des …

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Central Bankers Use AI to Assess Climate-Related Risks

Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for …

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Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years

The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. While the …

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China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst

China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. The nation’s top securities regulator said the …

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Meta Loses Second Bid to Thwart FTC’s Change to Privacy Pact

Meta Platforms Inc. lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph Moss in …

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India’s Navy Takes Control of Bulk Carrier Hijacked by Somali Pirates, Evacuating Crew

The Indian navy said late Saturday that it had taken control of a bulk carrier hijacked by Somali pirates and evacuated the 17 crew members on the vessel. In a statement on X, the navy said all 35 pirates on …

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Treasury Asked Why US P&I Club Insures Ships Carrying Iran Oil

A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens of tanker ships suspected of carrying sanctioned Iranian oil. Representative Zach Nunn of Iowa, a member of the House Financial …

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People Moves: BenefitMall Names Hutchinson Benefits Sales Executive for Southern California

BenefitMall has named Don Hutchinson benefits sales executive for Southern California. Hutchinson has over a decade of industry experience. Before joining BenefitMall in February, Hutchinson most recently served as a regional sales manager at Choice Administrators. BenefitMall is headquartered in …

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Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. …

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Residents Frustrated as $600K in Shore Protection Washes Away at Beach

A Massachusetts beach community is scrambling after a weekend storm washed away $600,000 in sand that was trucked in to protect homes, roads and other infrastructure. The project, which brought 14,000 tons (12,701 metric tons) of sand into Salisbury over …

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China Probes Exposure of HK Units of Banks, Insurers to Local Gov’t Debt: Sources Say

China’s financial sector regulator is looking into the exposure of the Hong Kong units of domestic banks and insurers to the country’s local government debt, three sources with knowledge of the matter said, as part of its efforts to contain …

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Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says

Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …

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Investigation Underway into Cause of Home Explosion That Killed 2 in Pittsburgh Suburb

A massive explosion killed two people and destroyed a house in the Pittsburgh area near the Ohio River, authorities said Tuesday. Aerial images from the scene in Crescent Township in the northwest Pittsburgh suburbs showed smoking ruins with the structure …

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Missouri Captive Gross Written Premium Up 142%

The Missouri Captive Insurance industry increased its gross written premium by 142% in 2023, the Missouri Department of Commerce and Insurance (DCI) reported. The amount of written premiums in 2022 were $3,543,681,320 vs. $8,600,492,937 in 2023. This growth is attributed …

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Cancer Clinics Face Cash Crunch After Hack Rocks US Health Care

Doctors across the US are stretching to keep their practices afloat as a debilitating cyberattack on a once little-known company at the center of the health-care system continues to cause havoc. The Feb. 21 attack against Change Healthcare, a subsidiary …

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Brown & Brown Acquires Assets of Northeast Dealer Services Firm, DealerMax

Insurance agency Brown & Brown announced that its dealer services division has acquired the assets of DealerMax. DealerMax, founded in 1982 by Jim Maxim, Sr. as Maxim Automotive, serves car dealer customers in Pennsylvania and throughout the Northeast offering finance …

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Novatae Acquires UK-Based Broker Bretton Woods International

Novatae Risk Group announced that it acquired the Lloyd’s broker Bretton Woods International (BWI) of London. The transaction is subject to applicable regulatory approval and is expected to close before the end of the second quarter. Terms of the transaction …

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UK Insurer Direct Line Rejects Ageas’ Raised Buyout Proposal

British home and motor insurer Direct Line said on Wednesday it had rejected a higher buyout proposal from Belgium-based rival Ageas, saying it “significantly undervalued” the company. Direct Line said in a statement it had received the revised offer on …

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Surfside Tower Garage, Pool Deck Had Faulty Support Columns, Prelim Report Shows

FORT LAUDERDALE, Fla. (AP) — Federal investigators determining why a Florida condominium tower partially collapsed three years ago, killing 98 people, said Thursday there were many faulty support columns in the tenant garage that ran below it and the adjoining …

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Five People Die in Private Jet Crash in Rural Virginia Woods

A small private jet crashed in woods and burned Sunday afternoon near a small airport in rural Virginia, killing all five people aboard, police said. The twin-engine IAI Astra 1125 went down amid trees along an airport road in Hot …

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