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Woman Admits Stealing Checks From Builder and Maryland Automobile Insurance Fund
A Crofton, Maryland woman has pleaded guilty in two separate felony theft schemes, according to Attorney General Anthony G. Brown. On Monday in Anne Arundel County Circuit Court, Carolyn Rae Aldridge admitted to stealing a combined total of $185,296.28 during …
POSTED MARCH 17, 2026 12:21 PM |
IMO Chief Says Naval Escorts Won’t Guarantee Ship Safety Through Strait of Hormuz: FT
The head of the International Maritime Organization has said that naval escorts through the Strait of Hormuz will not “100 percent guarantee” the safety of ships attempting to transit the waterway, the Financial Times reported on Tuesday. Military assistance was …
POSTED MARCH 17, 2026 11:01 AM |
Middle East War to Intensify Soaring European Corporate Distress
The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc. Even before the US and Israel began their attacks on …
POSTED MARCH 17, 2026 8:44 AM |
Escape Route Through Strait of Hormuz Now Involves Iran Passage
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …
POSTED MARCH 17, 2026 8:10 AM |
Chicago Area’s $19 Billion Tax Bill Fuels Fight for Assessor Job
Chicago’s real estate industry has ignited a battle over a $19 billion tax bill that property owners say is holding back new construction and contributing to surging rents. Donors have poured $1.4 million in the past six months into the …
POSTED MARCH 17, 2026 8:00 AM |
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …
POSTED MARCH 17, 2026 7:48 AM |
Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns
Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed aircraft. In a previously unreported letter seen …
POSTED MARCH 17, 2026 5:15 AM |
Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of Cyberattacks
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos …
POSTED MARCH 17, 2026 5:14 AM |
People Moves: HW Kaufman Group Names Hattaway President of RB Jones; Rokstone Hires QBE North America Casualty Leader Lill
HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and report …
POSTED MARCH 17, 2026 5:13 AM |
AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit Risks
Investment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hyperscalers have turned to off‑balance sheet arrangements to …
POSTED MARCH 17, 2026 5:10 AM |
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