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Shippers Rush for Hormuz Insurance After Truce Deal, Broker Says
Shipowners are placing “huge volume requests” for insurance cover as they look to transit the Strait of Hormuz following the US-Iran ceasefire deal, according to broker McGill and Partners. With the increased demand from the market also comes “a pronounced …
POSTED APRIL 09, 2026 5:24 AM |
Anthropic Touts AI Cybersecurity Project With Big Tech Partners
Anthropic announced an initiative with major technology companies, including Amazon.com, Microsoft and Apple, that lets partners preview an advanced model with cybersecurity capabilities developed by the AI startup. Under its “Project Glasswing,” select organizations will be allowed to use the …
POSTED APRIL 09, 2026 5:15 AM |
FDIC Lays Out Guidelines for Institutions Issuing Stablecoins
The Federal Deposit Insurance Corp., which backs deposits at thousands of US banks, is laying out its guidelines for how those institutions and their fintech subsidiaries can use stablecoins as digital currencies become more widely accepted in the financial system. …
POSTED APRIL 09, 2026 5:06 AM |
SEC Enforcement Activity Drops Dramatically as Agency ‘Resets’
Enforcement cases brought by the U.S. Securities and Exchange Commission fell more than 20% in the latest fiscal year as the regulator “recentered” its enforcement program, the agency said April 7. The SEC brought 456 enforcement actions in the fiscal …
POSTED APRIL 09, 2026 5:02 AM |
Gallagher Clarifies Non-Ownership of Florida Firm Guilty of Bogus ACA Sign-ups
Six weeks after leaders of scheme to sign up south Florida homeless people for Affordable Care Act policies were sentenced to years in prison, the companies involved have agreed to pay more than $135 million to resolve a federal investigation. …
POSTED APRIL 09, 2026 5:01 AM |
Contractor Faces $4.6 Million in OSHA Fines After Fatal Trench Collapse
A Massachusetts water and sewer line construction contractor is facing $4,699,362 in proposed penalties for safety violations related to a trench collapse that claimed the life of an employee and seriously injured another at a Cape Cod worksite. A federal …
POSTED APRIL 09, 2026 5:00 AM |
People Moves: Booher Named President & CEO of CopperPoint Insurance
CopperPoint Mutual Insurance Holding Company named Kellen Booher president and CEO. Booher succeeds CEO and Board Chair Marc Schmittlein, who announced his retirement last year. Schmittlein joined CopperPoint in 2016 and was appointed executive chair of the CopperPoint board of …
POSTED APRIL 09, 2026 5:00 AM |
Berkshire-Owned PacifiCorp Wins Ruling That Could Reduce Oregon Wildfire Damages
An appeals court on Wednesday ruled in favor of Berkshire Hathaway’s PacifiCorp unit over a series of Oregon wildfires in 2020, saying a trial judge erred in letting litigation against the utility proceed as a class action. The decision by …
POSTED APRIL 09, 2026 5:00 AM |
Judge Trims Wrongful Death Suit Claims Over Spicy Chip Challenge
A federal judge in Massachusetts has dismissed claims against Walgreens but allowed some claims against the The Hershey Co. and its affiliate food manufacturers Paqui and Amplify Snack Brands, Inc. to proceed in a wrongful death lawsuit brought by the …
POSTED APRIL 09, 2026 5:00 AM |
California Workers’ Comp Bureau Upping Fee for Special Inspections
The Workers’ Compensation Insurance Rating Bureau of California will increase the fee for special inspections from $200 to $500 per location inspected. Special Inspections, conducted at the request of an insurer, broker or agent of record to confirm classifications, are …
POSTED APRIL 09, 2026 5:00 AM |
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