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Insurer QBE Faces Investor Pressure Over Extreme Weather Risks
Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability. The fund, which holds about A$65 million of QBE …
POSTED MAY 05, 2026 10:00 AM |
Oil Tanker Pricing Feud Embroils Centuries-Old London Market
A legal claim from one of the world’s largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the …
POSTED MAY 05, 2026 9:37 AM |
Ships Cluster Further From Hormuz Strait as Iran Widens Grip
Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control. A weeks-long ceasefire between the US and Iran …
POSTED MAY 05, 2026 8:59 AM |
Middle East Truce in Doubt as US and Iran Launch New Attacks for Control of Hormuz
A fragile truce in the Middle East was under strain on Tuesday after the U.S. and Iran exchanged fire in the Gulf as they wrestled for control of the Strait of Hormuz. Iran’s parliament speaker, Mohammad Baqer Qalibaf, said in …
POSTED MAY 05, 2026 8:32 AM |
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law
Did you hear that Florida’s 55-year-old “no-fault” auto insurance statute has been repealed? Most people in the Florida insurance industry probably know that is not true. But a number of recent websites and postings by Florida plaintiffs’ law firms and …
POSTED MAY 05, 2026 5:02 AM |
Federal Judge Has ‘Grave Concerns’ About Missouri Roundup Deal
A federal judge overseeing thousands of cancer lawsuits against Bayer AG and its Roundup weedkiller said he had “grave concerns” about whether a proposed $7.25 billion class-action settlement in Missouri could properly address future claims outside the state. At a …
POSTED MAY 05, 2026 5:00 AM |
For Autonomous Robots, Not All Rules Are Equal
From driving cars to flying drones, as autonomous robots take on more responsibility, they also face more human-like dilemmas — including what to do when rules collide. For a self-driving vehicle, this conundrum might pop up when a pedestrian suddenly …
POSTED MAY 05, 2026 5:00 AM |
Kalshi Grilled by Massachusetts High Court Over What Gambling Is
The Massachusetts Supreme Court appeared skeptical of Kalshi Inc.’s claim that its prediction markets don’t fall under state gambling laws because the company is instead providing financial arrangements between people using “swap” contracts on events like sports. The case is …
POSTED MAY 05, 2026 5:00 AM |
Oregon Regulator Shutting Down Health Sharing Company’s ‘Unlicensed’ Insurance Program
Oregon regulators ordered a health sharing company to stop selling coverage to residents, saying the company’s membership plans were functioning as unlicensed insurance. ClearShare Health was ordered to stop selling coverage by the Oregon Division of Financial Regulation, which began …
POSTED MAY 05, 2026 5:00 AM |
Treasury’s Bessent Wants Americans to Avoid Easy-Money Traps, Be Financially Literate
Treasury Secretary Scott Bessent winces at the allure of easy money — whether it’s lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from financial …
POSTED MAY 05, 2026 5:00 AM |
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