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Hanwha Life, a prominent life insurance company from South Korea, has made a significant move by acquiring a 75% stake in Velocity Clearing LLC, a financial services firm located in New York. This deal, which was finalized on July 30, 2025, involved purchasing shares from an affiliate of Cerberus Capital Management LP. This acquisition is … Read more

The Red Sea is facing renewed tensions that threaten global trade. Yemen’s Houthi militants have announced plans to intensify their attacks on merchant ships, specifically targeting vessels linked to Israel, regardless of their country of origin. This announcement comes after the group claimed responsibility for sinking two cargo ships, the Magic Seas and Eternity C, … Read more

R & G Endeavors, Inc., which operates Culver’s Restaurants in Cottage Grove, Minnesota, will pay $261,000 to settle two lawsuits filed by the U.S. Equal Employment Opportunity Commission (EEOC). These cases involve serious allegations of harassment and discrimination based on race, sex, sexual orientation, and disability. According to the EEOC, several employees faced a hostile … Read more

On January 5, 2025, a severe hailstorm hit Chatham, Mississippi, around 2:35 PM, bringing with it quarter-size hail. While there were no reported injuries, the storm caused an estimated $10,000 in property damage, according to the federal storm events database. However, the accuracy of this damage estimate is uncertain. Experts suggest that such figures are … Read more

Mattel Inc. and its Fisher-Price division have reached a settlement in lawsuits related to the Rock ‘n Play baby sleeper, which was recalled due to safety concerns linked to infant deaths. The settlement, revealed in a Delaware court filing last week, addresses claims from six families who lost children and four others who reported injuries … Read more

Backyard trampolines can bring a lot of joy and entertainment, especially when the weather is nice. However, before you decide to get one for your home, it’s crucial to think about the risks involved and how it might affect your homeowners insurance. Trampolines are fun, but they can also lead to serious injuries. The American … Read more

Monarch E&S Insurance Services has recently achieved a notable milestone by earning a five-star rating in the insurance industry. Yiana Stavrakis, the president of the company, shared insights about this accomplishment in a recent episode of Insurance Business TV. During the discussion, she highlighted key trends in the excess and surplus (E&S) market, identified areas … Read more

Fear of retaliation at work is stopping many people from reporting racism, according to a new study from Victoria University. The research highlights a significant problem in how incidents of racism are handled in workplaces, with many victims feeling that speaking up could lead to negative consequences. The study, conducted between 2022 and 2024, surveyed … Read more

Small businesses in the U.S. face a significant gap between understanding cyber risks and actually purchasing cyber insurance. Many owners are aware of the threats posed by digital attacks but often think they are too small to be targeted. This mindset leads them to hesitate when it comes to investing in protection. James Hajjar, the … Read more

As severe storms sweep across the central United States, a dedicated team of scientists is braving the elements to investigate a weather phenomenon that often goes unnoticed: hail. While hail rarely causes fatalities, it inflicts significant damage, costing the U.S. about $10 billion annually in damages to roofs, cars, and crops. This research effort, part … Read more