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Tennessee Officials Warn About Rise of ‘Memo of Sale’ Scam Targeting Homeowners
Tennessee regulators are warning about a growing “memo of sale” scam that can cost homeowners dearly and can complicate title and property insurance purchases. The Tennessee Department of Commerce and Insurance, the state attorney general and others posted a bulletin …
POSTED NOVEMBER 12, 2026 3:48 PM |
Huang, Face of the AI Boom, Ousted by Nvidia Board as CEO
Nvidia Corp. Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including with one woman who is suspected of spying for China. Chief Financial Officer Colette …
POSTED NOVEMBER 12, 2026 3:48 PM |
King Risk Acquires Fort Myers’ Lott & Gaylor Agency
King Risk Partners, one of the largest insurance brokerages in the US, is now a little bigger after the acquisition of Lott & Gaylor Insurance agency in Fort Myers, Florida. Lott & Gaylor has more than 40 years in the …
POSTED NOVEMBER 12, 2026 3:09 PM |
El Niño’s Odds of Being Worst Ever Edge Lower, US Climate Prediction Center Says
The odds are slipping that the “super” El Niño reshaping global weather patterns will be a record breaker, according to a new outlook from the leading US forecaster. The chances that the El Niño spawned by unusually warm seas in …
POSTED NOVEMBER 12, 2026 2:40 PM |
At Least 8 Killed, 17 Injured in NYC Multiple-Dwelling Building Collapse
At least eight people have died and more than 17 including seven children and one firefighter have been injured in a building collapse in Brooklyn. The New York Fire Department (FDNY) responded within one minute to a 4:01 p.m. call …
POSTED NOVEMBER 12, 2026 1:25 PM |
Zurich Insurance Says Europe Storms Drove Catastrophe Losses
Zurich Insurance Group AG said it saw elevated natural catastrophe losses in its property/casualty business in the third quarter, following storms in Germany, Italy and Switzerland. The natural catastrophe loss ratio in the unit rose to 3.2% in the nine …
POSTED NOVEMBER 12, 2026 12:13 PM |
ANZ CEO Matos Warns of Global Jobs Crisis Without AI Rules
ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos has called for global regulation to manage the impact of artificial intelligence on the labor market, which he warned could trigger an international crisis. Should large-scale job cuts of up to …
POSTED NOVEMBER 12, 2026 11:56 AM |
Macron Talks to Gulf Countries About Providing Hormuz Insurance
French President Emmanuel Macron is negotiating with Gulf countries to find a way to lower insurance costs for vessels going through the strait of Hormuz, where transport has been disrupted since the US and Israel began strikes on Iran in …
POSTED NOVEMBER 12, 2026 11:36 AM |
Riot Risks in Europe Lead Insurers to Start Capping Coverage
Insurers are taking steps to limit their exposure to the risk of losses tied to a wave of street protests in cities across Europe. The industry has started imposing caps on coverage, raising deductibles and — in some high-risk locations …
POSTED NOVEMBER 12, 2026 8:33 AM |
Marsh Says Fed Should Ease Up on Banks That Insure AI Loans
Marsh & McLennan Cos. is urging US regulators to allow banks to hold less capital against loans covered by credit risk insurance as they look for new ways to offload data center exposure. Demand for hedging AI-related finance has exploded, …
POSTED NOVEMBER 12, 2026 6:10 AM |
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