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EU Insurers Need to Grasp Private Credit Risks, Watchdog Says
European insurers have to grasp the risks they face when investing in private credit, according to the region’s top watchdog. Insurance firms need to be able to identify, measure, manage and report the risks, Petra Hielkema, chair of the European …
POSTED JUNE 04, 2026 9:46 AM |
Trump Downplays Threats of Hormuz Mines, Touts Alternate Route
President Donald Trump downplayed the threat posed by Iranian sea mines in the Strait of Hormuz to commercial shipping, even as other US officials have warned of their dangers. Speaking to reporters on Wednesday, Trump said American forces had “swept …
POSTED JUNE 04, 2026 9:36 AM |
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding
The Trump administration’s decision to dismantle most of a $386 million federal ocean-observing network will leave scientists without an irreplaceable source of data used to understand how climate change is affecting crucial currents and marine ecosystems and increasing coastal flooding. …
POSTED JUNE 04, 2026 5:12 AM |
Automakers, Retailers Warn Memory-Chip Shortage Is Impacting Prices
The increasing need for memory chips to power artificial intelligence data centers could lead to dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, retailers, electronic firms and others said on Wednesday. The groups said …
POSTED JUNE 04, 2026 5:08 AM |
SpaghettiOs Infested With Worms or Parasites, Lawsuit Claims
A Florida mother and her daughter sued Campbell’s after eating SpaghettiOs that they claim were contaminated by worms or parasites, and therefore unfit to eat. In a complaint filed on Tuesday, Mary Hubbard said she discovered the alleged contamination around …
POSTED JUNE 04, 2026 5:06 AM |
Trump Takes Hands-Off Approach to AI Cybersecurity in New Order
President Donald Trump outlined a hands-off approach to addressing cybersecurity threats raised by artificial intelligence under an executive order that calls for giving the US government voluntary access to AI models. The directive was signed June 2, two weeks after …
POSTED JUNE 04, 2026 5:05 AM |
Georgia Brokers and Agents Alarmed After Court Ruling Expands Liability for Them
Georgia insurance brokers and agents are sounding the alarm—and perhaps checking their own errors and omissions coverage—after a recent state appeals court ruling opened the door for third parties to sue when full coverage is not secured. “This ruling fails …
POSTED JUNE 04, 2026 5:01 AM |
People Moves: Hudson Insurance Appoints Chief Claims Officer
Hudson Insurance Group, headquartered in New York City, appointed Beth Diamond as senior vice president and chief claims officer. Diamond has more than two decades of specialty claims experience and most recently served as group chief claims and litigation officer …
POSTED JUNE 04, 2026 5:00 AM |
Environmental Brokers Busier Following Washington Chemical Plant Blast
In the weeks following the implosion of a massive tank at a Washington paper mill that killed 11 workers and spilled hundreds of thousands of gallons of chemicals, believed to be the deadliest industrial accident in state history, managers of …
POSTED JUNE 04, 2026 5:00 AM |
People Moves: Alliant Adds Ehrlich and Bender as EVPs in M&A Vertical
Alliant Insurance Services hired Joseph Ehrlich and Jackson Bender as executive vice presidents within its mergers and acquisitions (M&A) vertical. Based in New York, Ehrlich has experience advising private equity firms, family offices and strategic investors on complex transactional risk …
POSTED JUNE 04, 2026 5:00 AM |
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