Specialty insurance platform DOXA announced it has acquired LimitFi, a platform for capital and credit-risk insurance products. Connecticut-based LimitFi specializes in default-risk transfer and alternative credit products including non-payment insurance. The platform connects banks and lenders seeking capital relief and …

Farmers Insurance filed an upgraded business insurance rating plan to expand commercial insurance coverage for business owners across the state and a rate hike of 15%. The plan, which incorporates elements from the Sustainable Insurance Strategy, includes coverage in in …

Dallas Barber and Stylist College, Inc., which operates multiple barber and hair styling locations and instructional campuses in the Dallas metropolitan area, will pay significant monetary damages and provide other relief to settle a pregnancy discrimination lawsuit filed by the …

Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets. Issuance of cat bonds that include exposure to wildfires has already soared to more than $5 billion so far this year, according …

Two people have died in Michigan from the severe diarrhea-causing parasite that has sickened thousands across the US, according to the Centers for Disease Control and Prevention. Both had underlying health conditions, the agency said in a statement Monday. The …

Michigan on Saturday joined Minnesota in reporting cyberattacks on nine of the state’s water systems but an official said all systems were operating “safely.” Earlier this week, authorities said cyberattacks targeted over 30 water systems in Minnesota. The source of …

The U.S. agency that enforces laws banning workplace discrimination moved to scrap a requirement that employers annually submit data on the race and sex of their workers, which since its adoption in the 1960s has been a cornerstone of civil …

Hackers have found a software flaw in a brand of “cold” Bitcoin wallet — considered one of the safest places to store cryptocurrency — and are siphoning tens of millions of dollars in an ongoing attack. Late last week, Canada-based …

South Korea’s Personal Information Protection Commission has fined telecoms company KT Corp. 54 billion won ($37.43 million) for a leak of customer personal information, the commission said on Thursday [July 30]. Hackers stole more than 16,600 KT mobile service customers’ …

The National Highway Traffic Safety Administration said on Aug. 3 that some older Ford cars and SUVs pose unreasonable safety risks because the timing belt may fail and cause them to lose power or engines to seize. The U.S. auto …

An Alabama city, long plagued with budget shortfalls, charges of corruption and a dwindling tax base, has lost its liability insurance coverage amid an ongoing financial and leadership crisis. Local and state news sites reported that the Alabama Municipal Insurance …

Hundreds of structures have been destroyed and tens of thousands of people have been evacuated, as wildfires rip through eastern Washington state in what Spokane Mayor Lisa Brown called “the worst natural disaster our region has faced.” As of about …

American Family Mutual Insurance Co. has agreed to buy all outstanding shares of specialty insurer Bowhead Specialty Holdings Inc. for about $1.2 billion in cash. Under the terms of the transaction, each Bowhead stockholder will receive $34 per share in …

Homeowners can now obtain insurance quotes from Plymouth Rock Home Assurance through a “natural” conversation with ChatGPT, the artificial intelligence chatbot created by OpenAI. The insurer claims it creates a “faster, simpler, and more accessible way to shop for coverage.” …

Europe’s biggest rivers, vital arteries for the region’s heavy industries, are drying up after the region was seared by a series of heat waves. As water levels in the Rhine and Danube fall toward record lows, that’s starting to disrupt …

Heat warnings have stretched across Canada this summer, from Atlantic Canada and southern British Columbia to the Prairies, central Canada and the Northwest Territories. During one mid-July heat wave, humidex readings reached up to 45 C across parts of southern …

Amgen Inc. experienced a cyber incident that involved the theft of patient information and proprietary data stored in cloud servers, it said in a filing July 31, the latest large healthcare company to suffer a data breach. The drugmaker is …

OpenAI has discovered other instances in which autonomous agents have escaped containment as the company expands its investigation of the hacking incident at tech firm Hugging Face that drew global attention this month, two people familiar with the matter said …

Two Carolina businessmen were charged with auto insurance fraud in separate schemes that involved made-up tow truck charges and windshields that were never replaced. In Myrtle Beach, South Carolina, state authorities last week charged John Angulo, 46, the owner of …

New York officials sued prediction market platform Kalshi for potentially billions of dollars on Friday, calling it an “illegal, unlicensed gambling operation” that includes sports wagering as the state seeks to halt its operations and force the company to forfeit …