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Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm
International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s royal family, is setting up a $1 billion reinsurance venture with BlackRock Inc. The yet-to-be-named firm will launch with more than $1 billion …
POSTED MAY 09, 2025 2:49 PM |
20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs
New York law enforcement officials reported that 20 men and women have been indicted and charged with participating in a scheme to steal cars throughout New York City and its suburbs. The vehicles — which officials said were valued at …
POSTED MAY 09, 2025 2:10 PM |
New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their …
POSTED MAY 09, 2025 1:56 PM |
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The National Oceanic and Atmospheric Administration, …
POSTED MAY 09, 2025 1:36 PM |
FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed
A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors said the defendants …
POSTED MAY 09, 2025 1:09 PM |
Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released Thursday by the World Weather Attribution group of scientists. The series …
POSTED MAY 09, 2025 12:21 PM |
Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffers and executives considering defection. The bill has cruised through the …
POSTED MAY 09, 2025 12:01 PM |
Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes
President Donald Trump’s immigration crackdown is making it harder for foreigners to buy and rent homes, threatening a key pillar of Miami’s half-decade-long economic boom. Miami, like much of the US, had already been seeing a real estate slowdown driven …
POSTED MAY 09, 2025 11:53 AM |
Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
When quarterback Shedeur Sanders slid to the fifth round of the 2025 NFL Draft, many football fans were left shocked that the much-hyped University of Colorado product was passed over time and again. Now one fan is suing the NFL …
POSTED MAY 09, 2025 11:34 AM |
EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
The European Union’s plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc’s climate law. …
POSTED MAY 09, 2025 11:12 AM |
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