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UK, EU States to Target Russia’s Shadow Oil Fleet With More Checks

The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter …

Lloyd’s Insurer AEGIS London Launches Data Science and Analytics Team

AEGIS London, the London-based Lloyd’s syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D’Angelo, head of Data Analytics and Portfolio Underwriting, the newly formed team is comprised of …

Parametric Insurance Helps Farmers and Others Hit Hard by Extreme Weather

Joemar Flores, a spindly 28-year-old, gestured across his family’s farmland, nestled between a steep hill and a river, and expressed gratitude for the rice paddies in the distance. They’re still there, producing food and an income for him, thanks in …

Hub Acquires Swanson Insurance Agency in Louisiana

Hub International Limited announced the acquisition of the assets of Swanson Insurance Agency, Inc. & Swanson & Associates, Inc. (collectively, Swanson Insurance Agency). Terms of the transaction were not disclosed. Located in New Orleans, Louisiana, Swanson Insurance Agency is a …

After Beryl, Houston Area Farmers Come Together to Face Unique Challenges

PORTER, Texas (AP) — Hurricanes cause trouble for everyone, but farmers have a whole other list of problems. Beryl has been no exception: Over the past week, the storm damaged crops, soaked rabbits and chickens, terrified goats, put horses at …

Illinois Contractor Faces $354K in Fines for Exposing Workers to Fall Hazards

Federal workplace safety inspectors have cited an Illinois construction contractor for again exposing employees to falls from elevation — the industry’s leading cause of injury and death — as they did residential framing work, this time at four subdivisions under …

Ping An Insurance Seeks $3.5 Billion in Convertible Bonds

Ping An Insurance (Group) Co. is seeking to raise $3.5 billion through the sale of convertible bonds, joining a wave of issuance in Asia in recent months. The company is offering the bonds due in 2029 with a coupon of …

Wall Street Pushes Back After Activists Escalate Protests

Against a backdrop of intensifying climate protests targeting Wall Street, the heavyweights of US finance are pushing back against what they characterize as a fundamentally flawed debate. For more than a month now, scores of activists have mounted near-daily protests …

Beryl’s Remnants Spawned 4 Indiana Tornadoes, Including an EF-3: NWS

MOUNT VERNON, Ind. (AP) — The remnants of Hurricane Beryl spawned at least four tornadoes in Indiana, including an EF-3 twister with winds as high as 140 mph (225 kph) that tore through a small city in the state’s southwestern …

SC Supreme Court Urges Legislative Fix to Pre-existing Health Issue in Workers’ Comp

South Carolina lawmakers next year may be asked to revamp a workers’ compensation employment test that judges have relied on for more than 50 years, if the state Supreme Court has its way. The court last week said that a …

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