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Shipping Company Fined $2M for Maritime Pollution
A global ship management and maritime services company was ordered to pay $2 million for improperly discharging oily waste into the Gulf of Mexico, the U.S. Attorney’s Office, Middle District of Louisiana announced last week. V.Ships Norway A.S. (V.SHIPS) pleaded …
POSTED SEPTEMBER 04, 2025 7:00 AM |
Spain and Portugal Fires Were More Intense Because of Climate Change: Research
Climate change made the extreme weather conditions that fueled the wildfires in Portugal and Spain about 40 times more likely to happen and the blazes themselves 30% more intense than if the world hadn’t warmed, research scientists said. The 10-day …
POSTED SEPTEMBER 04, 2025 6:49 AM |
European Private Credit Market to Catch Up With US, Moody’s Says
The European private credit market is gaining ground on the US, according to a report from Moody’s Ratings. Over the last several years, the depth of the market in Europe has lagged behind the US, mostly because of regulatory and …
POSTED SEPTEMBER 04, 2025 6:40 AM |
Judge Questions DOJ Decision to Drop Boeing Independent Monitor
A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that …
POSTED SEPTEMBER 04, 2025 5:17 AM |
The Year So Far: Liberty Mutual Improves Most Among Nationals; Discipline Tested
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 insurers. Among the group, made up …
POSTED SEPTEMBER 04, 2025 5:11 AM |
EU Regulator Flags Surge in Online Sales of Counterfeit Weight-Loss Drugs
The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and diabetes medicines online in recent months across the region, and warned about a serious risk to public health. Global shortages …
POSTED SEPTEMBER 04, 2025 5:04 AM |
With Storms, Flooding and Potential FEMA Cuts, Parametric Flood is on the Rise
With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a moment in Florida and elsewhere in the Southeast. “It’s starting to get some traction. We’re seeing more and more requests …
POSTED SEPTEMBER 04, 2025 5:02 AM |
US P/C Insurance Industry First-Half Underwriting Profit Triples
The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first-half of 2025, according to a new report. “The lack of any significant natural catastrophes in the second quarter …
POSTED SEPTEMBER 04, 2025 5:02 AM |
Forklift Error at New York Beauty Products Warehouse Spurs Chemical Leak and Fire
A chemical leak and fire at a suburban New York beauty products warehouse Tuesday may have been caused by a forklift mishap, officials said, warning neighbors to stay indoors. Commuter trains were temporarily stalled in the area ahead of the …
POSTED SEPTEMBER 04, 2025 5:00 AM |
Pennsylvania Man Charged in $400 Million ATM Fraud
A Pennsylvania man has been charged with tricking people into investing money he claimed would be used to buy thousands of automated teller machines, causing more than $400 million of investor losses, U.S. authorities said on Wednesday. Daryl Heller, 55, …
POSTED SEPTEMBER 04, 2025 5:00 AM |
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