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UK Watchdog Fines Aviva Unit $14 Million Over Solvency Miscalculation
Britain’s banking stability watchdog has fined U K Insurance Ltd., now part of Aviva, 10.6 million pounds ($14.2 million) over a miscalculation in its Solvency II balance sheet for 2023 and 2024. The Prudential Regulation Authority (PRA), part of the …
POSTED MARCH 11, 2026 3:24 PM |
UBS Urges US Judge to Curb Liability for Nazi-Linked Crimes
UBS urged a U.S. judge on Tuesday to shield it from new Holocaust-related litigation arising from an investigation of the former Credit Suisse’s activities during World War II. A lawyer for UBS asked U.S. District Judge Edward Korman in Brooklyn …
POSTED MARCH 11, 2026 3:13 PM |
Coast Guard and First Responders Battle Fire on Scrap Metal Barge in Delaware Bay
Multiple government agencies and the U.S. Coast Guard have been responding to a barge fire in the Delaware Bay since 8:20 a..m. yesterday. The barge is carrying salvage metal and has been moved to shallow water where it can be …
POSTED MARCH 11, 2026 2:55 PM |
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price
Data, said CRC Group CEO Dave Obenauer, is a more critical part of insurance than ever, with artificial intelligence leading to greater client coverage outcomes. Speaking recently at Zywave’s Casualty Insights Conference in New York, Obenauer said the casualty market …
POSTED MARCH 11, 2026 2:37 PM |
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub
If all goes according to plan for the nation’s second-largest sovereign wealth fund, a barren stretch of desert in Albuquerque’s plains will soon become a research center where scientists replicate nuclear fusion — the process that powers the sun and …
POSTED MARCH 11, 2026 2:31 PM |
Alabama Dentist Sentenced After Blowing Up His Office to Gain Insurance Payout
Almost one year ago, an Alabama dentist was captured on surveillance video setting fire to his dental office in Evergreen, triggering an explosion that destroyed the building and slightly injured the dentist. Last week, Dr. Douglas P. O’Connor was sentenced …
POSTED MARCH 11, 2026 2:20 PM |
Virginia Boater Files Class Action Against DC Utility for Potomac River Sewage Spill
A Virginia boater is suing a Washington water utility for negligence in the collapse of a pipe that leaked millions of gallons of raw sewage into the Potomac River. The class action lawsuit filed Friday in U.S. District Court in …
POSTED MARCH 11, 2026 2:18 PM |
Recreational Marijuana Effort Fizzles After Florida High Court Declines to Review
A move to allow Florida voters to decide if recreational marijuana should be legal in the state won’t be appearing on ballots anytime soon. The Florida Supreme Court this week declined to hear a petition from Smart & Safe Florida. …
POSTED MARCH 11, 2026 1:24 PM |
Florida Bills Would Open Door to More Housing in the Everglades, Brownfields
Florida lawmakers who say they want to encourage construction of more affordable housing are trying to strip away powers Miami has used for decades to keep developments, strip malls and warehouses out of the Everglades. A land-use bill, HB 399, …
POSTED MARCH 11, 2026 12:30 PM |
Three Ships Struck in Day of Heavy Middle East Attacks
Three vessels were hit by suspected projectiles in the Strait of Hormuz and Persian Gulf on Wednesday, one of the heaviest days of attacks since the Iran war began. A cargo vessel called Mayuree Naree was attacked in the Strait …
POSTED MARCH 11, 2026 10:48 AM |
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