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Climate Change Making Coastal Floods More Likely, Study Finds
Extreme floods that once swamped coastal communities only rarely are becoming far more common as climate change caused by humans pushes sea levels higher, according to new research published Wednesday. Experts say the findings are crucial for making plans about …
POSTED JUNE 12, 2026 1:12 PM |
Virginia Says Airbnb Lacks License to Offer Its Host Damage Protection Plan
Regulators at the Virginia Bureau of Insurance are raising issues with Airbnb over its Host Damage Protection (HDP) program, maintaining that it is an insurance product and Airbnb is offering it without being properly licensed. The State Corporations Commission has …
POSTED JUNE 12, 2026 1:05 PM |
People Moves: Willis Re Taps Ogilvie and Dart From Carpenter for Key Roles in London, Bermuda; Aon Promotes Dando as Chief Broking Officer for Global Broking Center
This edition of International People Moves details appointments at brokers Willis Re and Aon. A summary of these new hires follows here. Willis Re Taps Ogilvie and Dart From Guy Carpenter for Key Roles in London, Bermuda Willis Re, the …
POSTED JUNE 12, 2026 10:49 AM |
Novo Nordisk Flags Patient Data Breach From Some Clinical Trials in Cyberattack
Novo Nordisk said on Thursday it has identified a security incident in which certain information, including patient data from some clinical trials, was copied externally without authorization from its internal IT systems. The company, maker of the blockbuster weight-loss drug …
POSTED JUNE 12, 2026 10:00 AM |
UK Venture Plans Europe’s Largest Plant for Capturing CO2 From Air
Three UK clean-technology companies are teaming up to create what may be Europe’s biggest direct air capture facility. Low-carbon project developer Progressive Energy, together with carbon-capture specialists Airhive and Mission Zero Technologies, has formed a new company to build a …
POSTED JUNE 12, 2026 9:29 AM |
Trump Insists Iran Deal Is Close After Scrapping New Strikes
President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure. US forces had already pounded Iran …
POSTED JUNE 12, 2026 8:47 AM |
People Moves: CRC Specialty Names Levy National ExecPro Leader; GEICO Names Foy CFO; Geller to Lead Wholesale Financial Lines at AXIS
CRC Specialty Names Levy National ExecPro Leader CRC Group appointed Florence Levy as national ExecPro leader. She will lead the continued growth and development of CRC Specialty’s ExecPro practice. She will work closely with brokers, carrier partners, and company leadership. …
POSTED JUNE 12, 2026 6:09 AM |
Supreme Court Shields Investment Funds From Shareholder Lawsuits
The US Supreme Court shielded funds from some investor lawsuits, ruling that an 86-year-old federal statute doesn’t authorize shareholders to sue over bylaws and management decisions. Voting 6-3, the justices on Thursday blocked activist investors from suing 11 closed-end funds, …
POSTED JUNE 12, 2026 5:25 AM |
South Korea Fines Coupang Record $409 Million for Data Breach
A South Korean regulator fined the country’s largest e-commerce platform, owned by US-listed Coupang Inc., a record 624.7 billion won ($409 million) for a wide-ranging cyber-intrusion that escalated into a diplomatic tiff with the US. The Personal Information Protection Commission’s …
POSTED JUNE 12, 2026 5:05 AM |
Markets/Coverages: Distinguished Programs Expands Into Reinsurance Led by DiPaola
Distinguished Programs, a national managing general agent (MGA) and insurance program manager, has expanded into the reinsurance market with the addition of Distinguished Reinsurance. The new platform has launched with its first group focused on property reinsurance, led by Frank …
POSTED JUNE 12, 2026 5:00 AM |
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