A deadly gas explosion in a New York City high-rise last weekend was traced to an intruder who disconnected a stove to steal and sell it, prosecutors said Thursday.The suspect, Samuel Calderon, was being held without bail after his arraignment on murder, burglary and other charges in the Bronx blast, which sent flames surging through the apartment building’s windows shortly after midnight Saturday.A 60-year-old resident, Ronald McAllister, was killed, and more than a dozen other people were injured. Some occupants leaned out of windows, yelling into the frigid night for help.His lawyers declined to comment Thursday. No contact information for…
Author: Awais
Two years ago, in May of 2023, a circuit court judge in Lee County, Florida, sharply criticized a restoration contractor, accusing him of concealing the true cost of condominium roof work in an assignment-of-benefits claim with Tower Hill insurance. Six months later, the state Department of Financial Services and local prosecutors brought criminal fraud charges against the contractor, Ricky McGraw, of South Florida Restoration Services, charging him with insurance fraud and grand theft. Florida’s chief financial officer at the time, Jimmy Patronis, now a Congressman, called the alleged fraud “despicable” and a reason behind rising premiums in the state. Last…
Hackers and other criminals can easily commandeer computers operating open-source large language models outside the guardrails and constraints of the major artificial-intelligence platforms, creating security risks and vulnerabilities, researchers said on Thursday. Hackers could target the computers running the LLMs and direct them to carry out spam operations, phishing content creation or disinformation campaigns, evading platform security protocols, the researchers said. The research, carried out jointly by cybersecurity companies SentinelOne and Censys over the course of 293 days and shared exclusively with Reuters, offers a new window into the scale of potentially illicit use cases for thousands of open-source LLM…
The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in the government. Several private firms have also rolled back such initiatives. The FTC letters were addressed to many of the country’s largest and most profitable firms. Three of them—Paul Weiss, WilmerHale and Perkins Coie—were targeted last year by Trump executive orders that threatened their business practices, citing in part their allegedly discriminatory hiring practices. Paul Weiss and two other firms…
Price, relevance, conviction — Bitcoin is bleeding all three. The world’s largest cryptocurrency slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff fallout. What began as a sharp crash in October has morphed into something more corrosive: a selloff shaped not by panic, but by absence of buyers, momentum and belief. Unlike the October drawdown, there’s been no obvious spark, cascading liquidations or systemic shock — just fading demand, thinning liquidity, and a token that’s untethered to broader markets. Bitcoin has failed…
Since the start of 2025, USAA has implemented rate increases in at least 14 states and Washington, D.C., with overall effective hikes of up to 12.5% in California, according to BestLink. Other jurisdictions, including Montana and the District of Columbia, saw overall rises of up to 10.2% and 11.7%, respectively, across various sublines. Smaller overall decreases are taking effect this year in Virginia, down as much as 1.7%, and fractionally in Indiana, although Indiana itself was among the states that saw higher overall effective increases last year.
Lockton’s transaction liability practice advises on W&I insurance, tax liability and contingent risk solutions, as well as bespoke structures for known issues and special situations. Sitting at the junction of legal, financial and insurance due diligence, these coverages can influence bid dynamics, where risk sits post-closing and how competitive a buyer appears in auction processes.
The U.S. Coast Guard on Saturday suspended the search for seven people who were aboard a commercial fishing vessel that sank off the coast of Massachusetts in rough, frigid waters. The Coast Guard launched a search and rescue mission early Friday after receiving an alert from the 72-foot (22-meter) Lily Jean about 25 miles (40 kilometers) off Cape Ann. Searchers found a debris field near where the alert was sent along with a body in the water and an empty life raft, the Coast Guard said. Crews covered about 1,000 square miles (2,589 square kilometers) using aircraft, cutters and small…
Within the segment, Marsh Risk posted fourth-quarter revenue of $3.7 billion, up 10%, with underlying growth of 3%. US and Canada underlying revenue rose 3%, while international growth was 4%, led by gains in Europe, the Middle East and Africa. Guy Carpenter recorded fourth-quarter revenue of $215 million, up 7%, and full-year revenue of $2.5 billion, up 6%.
Company projects lower EPS as it sees growth in one segment while facing challenges elsewhere
The hub, located at 1111 Brickell Ave., 10th Floor, will provide facultative reinsurance and commercial insurance solutions across property, construction, natural resources, entertainment, financial lines, marine, and multinational services, according to a news release.
Florida is not alone in seeking to regulate third-party litigation financing. Several states, including Arizona, Colorado, Georgia, Kansas, Montana, and Oklahoma, adopted measures in 2025 requiring disclosure of litigation financing agreements and limiting funders’ influence over case strategy. Georgia’s SB 69, for example, requires funders to register with the state, allows their agreements to be discoverable, and bars them from influencing settlements. Colorado’s HB 25‑1329 targets foreign funders specifically, mandating disclosure to the attorney general and prohibiting interference with attorneys or settlements. Kansas law similarly requires disclosure of foreign-linked funding to judges.
Global trends, structural pressures and systemic vulnerabilities are reshaping catastrophe risk management
“Together with Brian and Jack, we have established a shared vision for a technology-enabled, highly professionalized insurance brokerage platform,” said BJ Loessberg, business unit partner at TPG Growth. “Throughout its 150+ year history, Palmer & Cay has built a client-focused culture that is fueled by attracting and developing top industry talent. Their team is an ideal anchor partner for Third Wave Insurance, and we see a significant opportunity to build on their impressive momentum, while scaling the platform through both organic and inorganic expansion.”