Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court
A settlement paid by stocks rather than money is a covered loss that must be paid by an insurer, the Delaware Supreme Court has affirmed. The state’s high court agreed with a lower court’s ruling that the definition of “loss” …
POSTED DECEMBER 15, 2025 2:49 PM |
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft
A new broker is now suing Howden US and a pair of former employees for allegations of poaching and theft of trade secrets. Last week Aon Risk Services Cos. filed suit in U.S. District Court for the Southern District of …
POSTED DECEMBER 15, 2025 2:42 PM |
India’s Cabinet Approves Opening Up of Insurance, Nuclear Sectors, Sources Say
India’s cabinet has approved sweeping changes to atomic energy laws and fully opened the insurance sector to foreign investors, two government sources said on Friday, key policy moves aimed at attracting billions of dollars in two critical sectors. India, which …
POSTED DECEMBER 15, 2025 1:39 PM |
Germany Summons Russian Envoy Over Surge in Cyberattacks
Germany’s foreign ministry summoned the Russian ambassador in Berlin and said it made it clear there’ll be consequences for hybrid attacks backed by the government in Moscow aimed at undermining democracy. “We have observed a massive increase in threatening hybrid …
POSTED DECEMBER 15, 2025 1:03 PM |
Deadliest Morocco Flooding in Two Decades Leaves Dozens Dead
Flash flooding left at least 37 people dead in a city on Morocco’s Atlantic coast, the North African country’s deadliest such incident in more than two decades. Search and rescue operations remained underway in Safi on Monday after heavy rains …
POSTED DECEMBER 15, 2025 12:52 PM |
FEMA to Send Georgia $300M in Helene Aid After Accusations of Delays
The Federal Emergency Management Agency on Friday announced it would send $350 million in funding to localities and electric cooperatives for relief efforts following Hurricane Helene and Tropical Storm Debby. The announcement comes two months after Democratic U.S. Sen. Raphael …
POSTED DECEMBER 15, 2025 12:46 PM |
Oil Tanker Rates to Stay Strong Into 2026 as Sanctions Remove Ships for Hire
The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be capped …
POSTED DECEMBER 15, 2025 12:44 PM |
Death at Universal’s Orlando Resort Roller Coaster Ruled Accidental
The death of a 32-year-old man after riding a high-speed roller coaster at the Universal Epic Universe theme park was accidental, and an investigation has been closed, according to a Florida sheriff’s office report released this week. Meanwhile, a medical …
POSTED DECEMBER 15, 2025 12:27 PM |
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains
Deadly flooding in Asia and early snowstorms across the US are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters worldwide. In recent La Niña years, global losses have …
POSTED DECEMBER 15, 2025 10:27 AM |
Jury Orders Johnson & Johnson to Pay $40M to Two Women in Latest Talc Trial
A California jury on Friday awarded $40 million to two women who said Johnson & Johnson’s JNJ.N baby powder was to blame for their ovarian cancer. The jury in Los Angeles Superior Court awarded $18 million to Monica Kent and …
POSTED DECEMBER 15, 2025 6:11 AM |