China Confirms Three Ships Passed Through Strait of Hormuz
Three Chinese ships recently sailed through the Strait of Hormuz after coordination with relevant parties, a foreign ministry spokesperson told a regular daily press briefing on Tuesday, while calling for peace and stability in the Gulf Region. The critical waterway …
POSTED APRIL 09, 2026 11:16 AM |
Israel Intensifies Lebanon Strikes With Ceasefire in Doubt
Israel launched its largest assault on Lebanon since the start of its invasion, escalating the campaign against Iran-backed Hezbollah even after the US announced a ceasefire in the wider Middle East conflict. The Israeli military said Wednesday it targeted more …
POSTED APRIL 09, 2026 6:55 AM |
Paramount President Jeff Shell to Depart After Lawsuit Scandal
Jeff Shell is stepping down as president of Paramount Skydance Corp. following a contentious lawsuit by a high-stakes gambler who accused him of leaking inside information. Shell, who served as the No. 2 executive under Chief Executive Officer David Ellison, …
POSTED APRIL 09, 2026 6:04 AM |
Hormuz Stays Blocked for Now as Hundreds of Ships Seek Exit
The Strait of Hormuz remained largely blocked on Wednesday, as shipowners try to understand if they can safely transit the vital waterway following a fragile ceasefire between the US and Iran that was announced overnight. Just three ships were observed …
POSTED APRIL 09, 2026 5:48 AM |
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 |
Nantucket Flight Returns After Part of Cabin Door Opens Midair
A Cape Air flight departing from the Massachusetts island of Nantucket returned safely after part of the main cabin door opened shortly after takeoff, an alarming midair incident that prompted the crew to turn back. The aircraft remained stable and …
POSTED APRIL 08, 2026 9:00 PM |
Another State, Tennessee, Warns Insurers About the Proper Use of Drone Images
The Tennessee Department of Commerce and Insurance has joined a few other states in urging insurers to be careful about using aerial imagery in making claims and nonrenewal decisions, following some complaints from homeowners. The department is not aiming to …
POSTED APRIL 08, 2026 4:02 PM |
Texas Cannabis Businesses Sue State to Block Smokeable Hemp Ban
Texas hemp industry leaders and advocacy groups have sued the state to block new regulations that eliminate natural smokeable hemp products and increase licensing fees. The Texas Hemp Business Council, Hemp Industry & Farmers of America, and several Texas-based dispensaries …
POSTED APRIL 08, 2026 2:08 PM |
South Dakota Construction Company Sued Over Whistleblower’s Firing
The U.S. Department of Labor has filed suit against a Valley Springs, South Dakota construction contractor for the wrongful termination of an employee who reported a severe work-related injury. An investigation by the department’s Occupational Safety and Health Administration found …
POSTED APRIL 08, 2026 1:46 PM |
Waco Business Earns TDI’s Lone Star Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has honored Laminate Technologies Inc. in Waco, Texas, with the Lone Star Safety Award for exceptional dedication to protecting its employees through a strong and proactive safety program. This facility’s …
POSTED APRIL 08, 2026 1:26 PM |
NFP Acquires Minnesota’s Sherman
NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, announced the acquisition of Sherman Insurance Agency, Inc., a full-service agency specializing in trucking, commercial, personal and benefits insurance solutions. Based in South St. Paul, Minnesota, …
POSTED APRIL 08, 2026 1:15 PM |
Investors Press Amazon, Microsoft and Google on Water, Power Use in Data Centers
Amazon, Microsoft and Alphabet’s Google have each recently abandoned construction of multibillion-dollar data centers over community opposition and now the companies are coming under shareholder pressure over the environmental impact of their projects. More than a dozen investors are cranking …
POSTED APRIL 08, 2026 12:50 PM |
UBS Loses Bid to Limit Liability for Nazi-Linked Crimes, Judge’s Ruling Shows
A U.S. judge on Tuesday rejected UBS’ bid to clarify a $1.25 billion settlement from 1999 of Holocaust-related litigation against Swiss banks by shielding it from claims based on new revelations about Nazi-linked accounts. U.S. District Judge Edward Korman in …
POSTED APRIL 08, 2026 12:26 PM |
Risk Strategies Claims Ex-Employees’ Talent and Customer Raid Has Cost It $900K
Boston-based specialty insurance broker Risk Strategies Co. is suing two former employees and their new employer for allegedly stealing customers and poaching employees in a scheme the firm says has thus far cost it nearly $900,000 in revenue. On March …
POSTED APRIL 08, 2026 11:00 AM |
Russia-Linked Hackers Hijack Routers to Steal Passwords, UK Says
Russian government-linked hackers are compromising popular internet routers to steal passwords for email accounts and other online services, the UK’s National Cyber Security Centre has warned. The hackers, a group known as APT28, are associated with Russia’s GRU military intelligence …
POSTED APRIL 08, 2026 10:32 AM |
Resuming Normal Shipping to Take 6-8 Weeks Once Middle East Stabilizes: Hapag-Lloyd
Hapag-Lloyd voiced cautious optimism on Wednesday on the prospect of resuming shipping through the Strait of Hormuz after a two-week ceasefire agreed between the U.S. and Iran, but said that resuming normal traffic throughout its network would take at least …
POSTED APRIL 08, 2026 10:02 AM |