Iran Threatens to Strike Gulf Power Plants After Trump Ultimatum
Iran will attack Israel’s power plants and those supplying U.S. bases across the Gulf region if President Donald Trump carries out his threat to “obliterate” Iran’s power network, the Revolutionary Guards said in a statement on Monday. They appeared to …
POSTED MARCH 23, 2026 10:13 AM |
Fermat Criticizes ‘Unprecedented’ EU Plan to Limit Retail Investor Access to Cat Bonds
Fermat Capital Management says a European proposal to limit retail investors’ access to catastrophe bonds faces serious pushback, as money managers specialized in insurance-linked strategies mount a coordinated front. John Seo, co-founder and managing director of the Connecticut-based hedge fund …
POSTED MARCH 23, 2026 9:28 AM |
Update: Berkshire Hathaway to Invest $1.8 Billion in Tokio Marine
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the US conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
POSTED MARCH 23, 2026 9:18 AM |
Chinese Insurer Ping An’s Offshore Unit Reconsiders US Exposure
The overseas investment arm of China’s Ping An Insurance (Group) Company is reconsidering its exposure to the US as the Iran war fuels waves of volatility. The conflict in the Middle East has upended global markets over the past few …
POSTED MARCH 23, 2026 8:02 AM |
Iran-Linked Hackers Restore Website After US Seizes Domains
The website used by an Iranian government-linked hacking unit that claimed responsibility for a March 11 cyberattack on a U.S. medical device maker was back up and running a day after the FBI and Department of Justice seized its internet …
POSTED MARCH 23, 2026 5:20 AM |
Hyundai Says More Injuries Tied to SUV Rear Power Seat Recall
Hyundai Motor said on March 20 it has reports of four minor injuries because rear power seats in new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl …
POSTED MARCH 23, 2026 5:15 AM |
Remote Spanish Airport Again Becomes Parking Lot for Planes, This Time on Iran War
An airport in a dusty and remote corner of rural Spain has once again become a parking lot for aircraft stranded in Europe, this time due to the war with Iran, which has forced countries to close their airspace and …
POSTED MARCH 23, 2026 5:05 AM |
The Luxury Life of British Expats in Dubai Faces a Reality Check
On a trip to Dubai two years ago to review luxury hotels, I found myself at a beach-club brunch surrounded by people with British accents. Groups were debating the merits of different corners of the Clapham neighborhood. If not for …
POSTED MARCH 23, 2026 5:03 AM |
‘Mental Health Trip’ to NY Not Compensable, Florida Appellate Court Finds
A south Florida FedEx driver, now a quadriplegic after a vehicle crash in 2019, may need constant care and may benefit from a trip to see family members in New York. But the employer and the workers’ compensation insurer should …
POSTED MARCH 23, 2026 5:02 AM |
Predicting the Insurability of Prediction Markets
Could a market that facilitates millions in wagers on how many times Vice President JD Vance claps during a State of the Union address, or whether Elon Musk will finally be unmasked as Satoshi Nakamoto—the elusive, pseudonymous creator of bitcoin—actually …
POSTED MARCH 23, 2026 5:02 AM |
Orlando Apartment Complex Evacuated After Cracks Found on All Five Floors
More than 350 people were hastily evacuated from an Orlando apartment complex last week after fire officials found cracks throughout the building along with doors that wouldn’t open. Local news outlets reported that a panicky resident called 911 Thursday morning …
POSTED MARCH 23, 2026 5:01 AM |
Negligence Suit Filed Over Death of Former New York Yankee’s Teenage Son at Resort
A lawsuit filed Friday blames the owners and others associated with a resort in Costa Rica for the carbon dioxide-related death of former New York Yankees outfielder Brett M. Gardner’s teenage son last year. Gardner and other relatives filed a …
POSTED MARCH 23, 2026 5:00 AM |
NHTSA Upgrades Probe into 3.2M Teslas Over Self-Driving Crashes
The National Highway Traffic Safety Administration on Thursday escalated its probe into 3.2 million Tesla vehicles with Full Self-Driving driver-assistance on concerns the system may fail to detect or warn drivers in poor visibility. NHTSA first opened a preliminary evaluation …
POSTED MARCH 20, 2026 5:50 PM |
Oklahoma Insurance Producer Has License Revoked Following Investigation
The Oklahoma Insurance Department (OID) announced it has fined and revoked the license of Leslie Clark, a resident insurance producer from Stigler, Oklahoma, following an investigation led by its Anti-Fraud Unit. On Feb. 11, 2026, a show-cause hearing was held …
POSTED MARCH 20, 2026 4:29 PM |
Texas Takes Over Permitting for Carbon Storage Projects
The Texas Railroad Commission spent two years working to secure the authority to issue the permits energy companies need to inject and store carbon dioxide underground, a power previously held by the federal government. Last November, the Environmental Protection Agency …
POSTED MARCH 20, 2026 4:23 PM |
Inszone Acquires Ohio Valley Insurance
Inszone Insurance Services, a provider of commercial, personal, and benefits insurance solutions, is pleased to announce its expansion in the Midwest through the acquisition of Ohio Valley Insurance, an established independent insurance agency with deep roots in agricultural and crop …
POSTED MARCH 20, 2026 4:19 PM |
People Moves: Liberty Mutual Names Hobbs President of Underwriting, GRS
Liberty Mutual Insurance, headquartered in Boston, Massachusetts, named Phil Hobbs, currently president, Liberty International Insurance, as president of underwriting, Global Risk Solutions (GRS), effective April 1. Hobbs, who is based in London, will report directly to GRS President Matthew Moore …
POSTED MARCH 20, 2026 4:18 PM |
FirstEnergy Execs Face Corruption Trial in Bribery Scheme
Jurors in Akron began deliberating this week in the corruption trial of two fired FirstEnergy Corp. executives charged for their alleged roles in a sweeping $60 million bribery scheme that resulted in a lucrative bailout of two affiliated nuclear plants. …
POSTED MARCH 20, 2026 4:15 PM |
Rapper Wins Defamation Lawsuit Against Ohio Deputies Over Music Videos
The Grammy-nominated rapper Afroman won a defamation lawsuit filed by seven Ohio sheriff’s deputies who sued him over music videos in which he used home security footage to mock their raid of his home. “We did it, America! Yeah, we …
POSTED MARCH 20, 2026 4:10 PM |
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance
Insurance industry trade associations are applauding a decision to change the homeowners insurance required by Fannie Mae and Freddie Mac, which the trades said will lower costs for homeowners and buyers. The Federal Housing Finance Agency this week announced the …
POSTED MARCH 20, 2026 3:41 PM |
Indian Gas Tankers Getting Ready to Sail Through Hormuz, Data Shows
Two Indian-flagged liquefied petroleum gas tankers are preparing to sail through the Strait of Hormuz in coming days after a pause in voyages, with no crude oil tankers having transited the waterway in the past 24 hours, according to shipping …
POSTED MARCH 20, 2026 3:35 PM |
Football Club Lyon Sued for $63 Million Over Igor Jesus Funding
French top-tier football club Olympique Lyonnais is facing a $63 million legal claim to pay back debt linked to the transfer of Brazilian star Igor Jesus, putting yet more scrutiny on the team’s finances and ownership structure. A subsidiary of …
POSTED MARCH 20, 2026 3:19 PM |
Decades After Canal Project Was Abandoned, Advocates Trying to Link 3 Rivers
It was supposed to be Florida’s version of the Panama Canal — a shortcut for boats to pass through the middle of the state from the Atlantic Ocean to the Gulf instead of navigating around the peninsula. But work on …
POSTED MARCH 20, 2026 2:37 PM |
Tally Hospital Sues to Evict Patient Who Won’t Leave Room 5 Months After Discharge
The patient in Room 373 refuses to leave. Tallahassee Memorial Healthcare earlier this month sued the patient, saying she has refused to depart her hospital room since being discharged last October. The hospital also has asked a state judge in …
POSTED MARCH 20, 2026 2:27 PM |
Rural New York Insurance Agency Under Investigation, Police Report
A Warwick, New York insurance agency is under investigation for alleged illegal practices. The Warwick Police Department reported it executed a warrant to search Fullerton Insurance in January for the purpose of obtaining documentation, electronic devices, and other potential evidence …
POSTED MARCH 20, 2026 1:35 PM |