Standard Chartered on Tuesday lost a bid to halve the value of a roughly 1.5 billion-pound ($1.94 billion) London lawsuit brought over allegations the lender broke U.S. sanctions against Iran in a more widespread way than it has previously admitted. …
UK Bank StanChart Loses Bid to Cut Shareholders’ $1.9 Billion UK Lawsuit in Half Read More »
Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by losses on loans to real estate companies. BaFin, which oversees more than 500 insurers, is asking 30 to 40 firms …
Germany Tells Insurers to Vet Private Asset Deals More Carefully Read More »
The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s so-called shadow fleet, provided they follow best practice, according to a leading maritime group. The new insurers and P&I clubs …
Global Shipping Insurance May Shift if Sanctions End, BIMCO Says Read More »
Zurich North America appointed Tobias “Toby” Cushing to the newly created role of deputy chief underwriting officer. Cushing previously served as casualty technical director. In his new role, Cushing is responsible for supporting Zurich North America’s underwriters across all lines …
People Moves: Cushing Named Deputy CUO at Zurich North America Read More »
The US Supreme Court refused to reinstate a novel and far-reaching lawsuit filed by young people who sought to force the federal government to take steps against climate change. The justices without comment left intact a federal appeals court decision …
Supreme Court Refuses to Revive Youths’ Climate-Change Lawsuit Read More »
With massive job cuts, the National Weather Service is eliminating or reducing vital weather balloon launches in eight northern locations, which meteorologists and former agency leaders said will degrade the accuracy of forecasts just as severe weather season kicks in. …
Experts: Weather Forecasts Will Worsen as DOGE Cuts Mean Fewer Balloon Launches Read More »
(AP) — City officials in Fort Myers, Florida, unanimously agreed to pass a memorandum on Friday allowing local authorities to receive training from U.S. Immigration and Customs Enforcement and assist with deportations. This decision reverses a contentious vote earlier this …
Fort Myers City Council Does About-Face, Agrees to Let ICE Train Police on Deports Read More »
Amid an uproar over reports that Florida property insurance companies had shifted profits to affiliated firms while rates rose and carriers slid into insolvency a half-decade ago, former Florida Insurance Commissioner Kevin McCarty weighed in on the controversy. A consultant’s …
McCarty Critical of Consultant’s Report on MGAs, as Average Premiums Drop in Florida Read More »
Russia and the United States will discuss resuming a deal to ensure the safety of merchant shipping in the Black Sea, the Kremlin said on Monday, noting that what Moscow saw as key parts of an earlier agreement on the …
Key Parts of Original Black Sea Grain Deal With Ukraine Were Never Fulfilled: Kremlin Read More »
The Connecticut Supreme Court has ruled that an administrative law judge has the discretion to award a workers compensation claimant, after he or she reaches maximum medical improvement, ongoing temporary partial incapacity benefits in lieu of permanent partial disability benefits …
Connecticut Court Restores Administrative Law Judge’s Discretion in Workers Comp Read More »
