Full content: The United States and Iran on Monday were weighing the framework of a plan to end their five‑week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum …

Full content: AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, …

Full content: A Southern California wildfire that prompted evacuation orders is now nearly fully contained, according to fire officials. The Springs Fire in Riverside County grew to roughly 4,176 acres, but is now 95% contained. The fire had been just 25% contained …

Full content: The U.S. Environmental Protection Agency and Department of Health and Human Services announced that they will monitor the impact of microplastics and pharmaceuticals on drinking water, the first step toward assessing their health risks and shaping new policies. The joint …

Full content: The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …

Full content: Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …

Full content: The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-era antidiscrimination requirements for lenders, according to a government website. The new policy from the Consumer Financial Protection Bureau would …

Full content: Liberty Mutual Insurance late last week announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses. Vlad Barbalat has been appointed president, Global Risk & Capital Solutions, and will continue to serve …

Full content: A Florida appeals court decision, reinterpreting a 32-year-old workers’ compensation statute, could now mean a longer statute of limitations on many injury claims and may lead to the reopening of many cases around the state. The lead claimants’ attorney in …

Full content: Federal regulators approved an operating license extension for California’s last-standing nuclear power plant, which under state law can run until at least 2030, the governor of the most populous U.S. state said last week. PG&E’s Diablo Canyon Nuclear Power Plant …

Full content: The owner of Patriot Public Adjusting has been charged with misappropriating over $82,000 in insurance claim funds intended for his clients, including elderly homeowners in Pennsylvania and New Jersey. Pennsylvania’s Bucks County District Attorney Joe Khan said his office filed …

Full content: Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. “The orderly completion of the renewal, with no structural disruption, disciplined capacity and cedent-friendly pricing outcomes, …

Full content: Mississippi will soon become the latest state to provide wind-mitigation grants for homeowners if the governor signs bills approved by lawmakers this week. Senate Bill 2049 revives a 20-year-old retrofit plan and creates the Strengthen Mississippi Homes Program, providing grants …

Full content: A committee of senior officials in President Donald Trump’s administration voted on Tuesday to exempt the Gulf of Mexico oil and gas industry from a federal law meant to protect endangered species including whales, birds and sea turtles. The decision, …