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Shipowners Seek Clarity on Hormuz Deal as 600 Vessels Eye Exit
A deal that could reopen the Strait of Hormuz within days has been met with caution among shipowners and traders, with many saying they would wait for more details in order to assess whether safe transits are possible after months …
POSTED JUNE 15, 2026 5:38 AM |
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars
As Wall Street races to incorporate war into its risk scenarios, the same people modeling natural catastrophes are now adapting their methodology to help investors, banks and insurers predict military conflicts. Since 2008, the number of countries engaged in external …
POSTED JUNE 15, 2026 5:03 AM |
OpenAI Under Investigation by Group of State Attorneys General, Source Says
A coalition of U.S. state attorneys general has opened a sweeping investigation into OpenAI, a source familiar with the matter said on Friday. The ChatGPT maker was served on Friday with a subpoena seeking documents related to a wide range …
POSTED JUNE 15, 2026 5:02 AM |
Workers’ Refusal of Light Duty Does Not Have to Relate to Injury, Georgia Court Says
An injured employee in Georgia does not need to show that his reason for refusing light-duty work is injury-related, the Georgia Court of Appeals found in a decision that could continue to prove tricky for employers and insurers, especially during …
POSTED JUNE 15, 2026 5:01 AM |
El Nino Is Here and Scientists Fear It’ll Bring Costly Heat, Floods, Droughts, Fires
El Nino, Nature’s chaotic climate agent, has formed in a warmed-up Pacific Ocean and is expected to grow to historic strength, meteorologists announced Thursday. Experts said the El Nino, a natural warming cycle, should further heat a globe already warming …
POSTED JUNE 15, 2026 5:00 AM |
Tent Collapses at Virginia Church Celebration, Killing 1 and Injuring 22
A large tent collapsed during a Virginia church’s 20th anniversary celebration on Friday evening, killing one person and injuring nearly two dozen others, officials said. Heavy rain, lightning and strong winds tore through Moneta, a small community about 124 miles …
POSTED JUNE 15, 2026 5:00 AM |
California Man Charged With Defrauding Western Alliance Bank Out Of $100M
A California man has been criminally charged with defrauding Western Alliance Bancorp out of nearly $100 million by falsifying title insurance policies to inflate the value of collateral he pledged to obtain loans. In a complaint made public on Wednesday, …
POSTED JUNE 15, 2026 5:00 AM |
Appeals Court Affirms Conviction of Ex-Police Chief in Insurance Fraud Case
A federal appeals court this month affirmed the conviction of a former Texas police chief who arranged the destruction of a personal vehicle, falsely reported it stolen, and received insurance proceeds. The United States Fifth Circuit Court of Appeals ruled …
POSTED JUNE 12, 2026 4:28 PM |
US Ships Escort Oil Tankers Through Hormuz at Night, Burgum Says
US forces are helping move millions of barrels through the Strait of Hormuz under the cover of darkness, sometimes escorting more than 20 ships per night out of the vital waterway, US Interior Secretary Doug Burgum said Friday. Now that …
POSTED JUNE 12, 2026 4:24 PM |
US P/C Industry Records $16 Billion Underwriting Income in Q1
The U.S. property/casualty industry reversed a $1 billion underwriting loss in the first quarter 2025 to post a $16.3 billion gain for the same period this year. According to a report from industry rating firm AM Best, net income doubled …
POSTED JUNE 12, 2026 3:19 PM |
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