UK Appoints Barclays Executive as Top Bank of England Regulator
Britain’s government on Friday appointed a former regulator and current Barclays BARC.L executive, Katharine Braddick, as the Bank of England’s next deputy governor for prudential regulation to try to boost sluggish economic growth. Last year, finance minister Rachel Reeves criticized …
POSTED FEBRUARY 27, 2026 8:19 PM |
State Farm to Issue $136M in Dividends to Louisiana Drivers
State Farm will issue dividends to Louisiana drivers totaling $136 million following stronger than expected underwriting performances nationally. State Farm, which writes approximately 30% of the personal auto insurance market in Louisiana, will send the dividend to policyholders this summer, …
POSTED FEBRUARY 27, 2026 5:33 PM |
Higginbotham Acquires Illinois-Based Monarch Solutions
Higginbotham announced it has acquired Monarch Solutions Inc., a firm that supports high-net-worth individuals with insurance related strategies that are intended to provide tax savings and estate liquidity. Monarch founder and now Higginbotham Managing Director Kevin Klaas will be based …
POSTED FEBRUARY 27, 2026 5:26 PM |
From Dating Scams to Fake Lawyers: OpenAI Details ChatGPT Misuse
OpenAI said it banned accounts linked to Chinese law enforcement, romance scammers and influence operations, including a smear campaign against Japan’s first woman prime minister, in a report detailing the misuse of its ChatGPT technology. The company said several accounts …
POSTED FEBRUARY 27, 2026 5:14 PM |
Fire at Ohio Hog Farm Complex Kills 6,000 Pigs
A fire at an Ohio hog farm complex killed about 6,000 pigs and unleashed a large plume of smoke that could be seen for miles across the rural landscape, an official said. Multiple fire departments responded amid sustained winds of …
POSTED FEBRUARY 27, 2026 5:13 PM |
Sinkhole Swallows Vehicles at Busy Intersection in Omaha, Nebraska
Surveillance video captured the dramatic moment a sinkhole opened up on a busy intersection in south-central Omaha, Nebraska, swallowing up two vehicles. The incident happened Tuesday afternoon in a trendy section of the Midwest city, when a sport utility vehicle …
POSTED FEBRUARY 27, 2026 5:07 PM |
Pentagon Laser Downs Customs Border Patrol Drone in Texas
The Pentagon accidentally shot down a US Customs and Border Protection drone on the Texas border with Mexico using a high-energy laser, according to people familiar with the matter, weeks after a similar incident led to confusion and exposed communication …
POSTED FEBRUARY 27, 2026 5:04 PM |
Former Tennessee Agent Charged With Keeping Premium Payments
A Tennessee man was released on bond after he was indicted for allegedly collecting premiums then absconding with the money. Richard Darrel Wolfe, 67, of Hendersonville, was indicted by a Sumner County grand jury last week, charged with 14 counts …
POSTED FEBRUARY 27, 2026 4:38 PM |
CDC Declares ByHeart Infant Botulism Outbreak Over, Probe Continues
The U.S. Centers for Disease Control and Prevention declared the multistate infant botulism outbreak linked to ByHeart powdered infant formula over on Feb. 26, while health officials continue investigating for the root cause of the contamination. The CDC and the …
POSTED FEBRUARY 27, 2026 3:42 PM |
US Judge Again Refuses to Allow New Hampshire to Abolish Auto Inspections
The state of New Hampshire and a federal judge remain on a collision course over the fate of the state’s motor vehicle safety and emissions inspection program. An injunction against a new law that sought to abolish the mandatory inspection …
POSTED FEBRUARY 27, 2026 3:27 PM |
Zurich Insurance Said to Near Beazley Deal Funded by Equity Sale Next Week
Zurich Insurance Group AG is nearing an agreement to acquire UK specialty insurer Beazley Plc and raise billions of dollars in equity to help fund the deal, according to people familiar with the matter. The Swiss insurer is likely to …
POSTED FEBRUARY 27, 2026 3:21 PM |
Crews Battled a 25,000-Acre Wildfire Near Florida’s ‘Alligator Alcatraz’
Crews in South Florida were trying to contain a wildfire in Big Cypress National Preserve that had burned more than 25,000 acres (100 square kilometers) near the immigration detention facility known as ” Alligator Alcatraz ” as of Wednesday. The …
POSTED FEBRUARY 27, 2026 3:01 PM |
After Hedge Fund Interest, UK’s Flood Re Plans More Cat Bonds
Britain’s ultimate backstop against flood-related losses is planning to rely more on the capital markets, after its first ever catastrophe bond drew a lot of interest from specialist investors including hedge fund Fermat Capital Management. Flood Re, a state-backed insurance …
POSTED FEBRUARY 27, 2026 10:41 AM |
How China Is Masking Drone Flights in Potential Taiwan-Invasion Rehearsal
A large Chinese military drone has conducted regular flights over the South China Sea in recent months while transmitting false transponder signals that made it appear to be other aircraft, including a sanctioned Belarusian cargo plane and a British Typhoon …
POSTED FEBRUARY 27, 2026 10:06 AM |
Heavy Rains Kill Dozens in Southeast Brazil as Flood Risks Mount
Heavy rains that began Monday night have left dozens dead and caused widespread destruction in southeastern Brazil, exposing a longstanding structural problem of housing in high-risk areas vulnerable to seasonal downpours. Storms in the state of Minas Gerais caused rivers …
POSTED FEBRUARY 27, 2026 9:29 AM |
Corporate Treasuries Are Slow to Adopt AI, Survey Finds
Treasury departments in global companies are struggling to adopt artificial intelligence tools, according to a Crisil Coalition Greenwich survey, underscoring how slowly the technology is penetrating a critical function in corporate finance. Crisil’s survey of 100-plus firms from the US, …
POSTED FEBRUARY 27, 2026 9:00 AM |
Amazon Loses Bid to Throw Out 2 Mass Lawsuits From UK Retailers, Consumers
Amazon on Thursday lost its latest bid to try to throw out two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.41 billion) for allegedly abusing its dominant position. Andreas Stephan, a competition law academic, brought …
POSTED FEBRUARY 27, 2026 8:45 AM |
Sweden Tells Energy Sector to Raise Security, but Faces no Specific Threat
Sweden has told its energy industry to raise security levels following a recent cyberattack on Polish infrastructure, although this was not in response to a specific threat, the Nordic country’s signal intelligence agency said on Thursday. Swedish TV4, citing unnamed …
POSTED FEBRUARY 27, 2026 8:32 AM |
Vanguard Settles Collusion Suit for $29.5 Million
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part …
POSTED FEBRUARY 27, 2026 6:42 AM |
Ford Recalling 4.3 Million US Vehicles Over Software Issue
Ford Motor Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the 2021 …
POSTED FEBRUARY 27, 2026 6:09 AM |
Walmart to Pay $100 Million to Settle FTC Case on Driver Wages
Walmart Inc. agreed to pay $100 million Thursday to settle a lawsuit by the US Federal Trade Commission and a group of states alleging the company withheld tips and misrepresented wages to drivers who deliver orders as part of its …
POSTED FEBRUARY 27, 2026 6:08 AM |
Hacker Used Anthropic’s Claude to Steal Mexican Data Trove
A hacker exploited Anthropic PBC’s artificial intelligence chatbot to carry out a series of attacks against Mexican government agencies, resulting in the theft of a huge trove of sensitive tax and voter information, according to cybersecurity researchers. The unknown Claude …
POSTED FEBRUARY 27, 2026 6:05 AM |
People Moves: Byrd Joins Alliant as Employee Benefits SVP in North Carolina
Byrd Joins Alliant as Employee Benefits SVP in North Carolina Backed by over 25 years of experience, Steve Byrd joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in North Carolina, …
POSTED FEBRUARY 27, 2026 6:03 AM |
Florida Appeals Court Pulls the Plug on Physician Dispensing in Workers’ Comp
For more than a decade, insurance companies and physician groups have battled it out over the true meaning of Florida statutes: Are doctors considered pharmacists, allowed to dispense medications to injured workers, often at a higher price? A Florida appeals …
POSTED FEBRUARY 27, 2026 6:02 AM |
AI-Generated Job Ads Discriminated Against US Workers, Says Civil Rights Unit
The Department of Justice (DOJ) reported it has secured a settlement agreement with a Virginia information technology services firm that is says discriminated against U.S. workers by advertising jobs with unauthorized citizenship status restrictions. DOJ’s Civil Rights Division alleged that …
POSTED FEBRUARY 27, 2026 6:00 AM |