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A radar-related problem at the UK’s air traffic control caused major flight disruptions on Wednesday afternoon, leading to the cancellation of over 150 flights during a busy travel period. The issue forced authorities to slow down air traffic, affecting airports across the country, including London Heathrow, Gatwick, City, Birmingham, and Manchester. The technical fault, which … Read more

PERILS AG, a Zurich-based company known for tracking catastrophe insurance data, is expanding its reporting services to include severe convective storms (SCS) across Europe, Japan, and New Zealand. Starting August 1, 2025, this new service will monitor and report industry losses caused by these powerful storms in countries like Austria, Belgium, France, Germany, Ireland, Italy, … Read more

Willis Towers Watson surprised many by reporting better-than-expected profits for the second quarter, boosted by a strong risk and brokerage segment. The company posted an adjusted net income of $285 million, or $2.86 per share, for the quarter ending June 30. This is up from $247 million, or $2.39 per share, recorded a year earlier. … Read more

HSBC has set aside $1.1 billion to cover legal risks from the Bernard Madoff scandal, shining a light on how long financial liabilities can last and be hard to measure. This move came as Luxembourg’s top court rejected HSBC’s appeal regarding its role as custodian of funds linked to Madoff Securities. This sizable charge lowered … Read more

Caterpillar is seeing a big boost in demand for its AI-powered equipment, especially in energy and transportation, thanks to the rise of data centers and the push for more automation. The company beat expectations in its third-quarter earnings, causing its stock to jump 12%. But beyond the numbers, Caterpillar’s shift toward autonomous machines is shaking … Read more

Employers who present their highest and final salary offer right at the start of the hiring process may risk pushing away top candidates, experts warn. This trend, which began in the tech industry, is spreading to other fields, but it could have some unintended consequences. Korn Ferry, a global organizational consulting firm, cautions that offering … Read more

South Africa’s state-owned insurer, Sasria SOC Ltd., has built up a 20 billion-rand ($1.1 billion) financial cushion to protect itself against future civil unrest. The move comes four years after the company was forced to seek a 22 billion-rand bailout from the government following widespread riots in July 2021. Those riots, which erupted mainly in … Read more

California Insurance Commissioner Ricardo Lara has taken legal steps against the California FAIR Plan Association over how it handled claims for smoke damage from recent wildfires. The California Department of Insurance filed an order to show cause, responding to complaints that the FAIR Plan denied or limited these claims based on a strict requirement for … Read more

Tesla has started a new ride-hailing service in the San Francisco Bay Area, including San Francisco, San Jose, and Berkeley. The company announced the launch on Thursday but didn’t say if self-driving cars will be part of the service. This move comes as Tesla faces strict rules in California that don’t yet allow the company … Read more

Running a small business can feel like a nonstop balancing act. Owners juggle customers, employees, and money matters all day long. The last thing they need is extra worry about things like property damage or legal trouble. But these unexpected problems can quickly take over if a business isn’t ready. That’s why having the right … Read more