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Neptune Doubles Flood Policy Limits to $15 Million
Neptune Insurance, one of the largest private flood insurance providers, has doubled its policy limits on most types of coverage, including limits of up to $15 million on commercial and residential structures, the company announced. “Property values have continued to …
POSTED JUNE 29, 2026 2:25 PM |
Supreme Court Rejects Bid to Review SEC’s Rescinded ‘Gag Rule’
The US Supreme Court refused to review the constitutionality of a now-rescinded Securities and Exchange Commission policy that forced people and companies settling enforcement cases to never publicly criticize or contest the Wall Street watchdog’s claims. The justices without comment …
POSTED JUNE 29, 2026 2:22 PM |
Italy’s Former Railways Chief Starts 5-Year Jail Term for 2009 Disaster
The 72-year-old former head of Italy’s state railway company has begun a five-year jail term over a 2009 derailment that killed 32 people, in a case highlighting the issue of management liability and the snail’s pace of Italian justice. Mauro …
POSTED JUNE 29, 2026 2:05 PM |
Four Dead in Kentucky Amid Flooding Caused by Heavy Rains
Four people have died due to flooding from thunderstorms in Kentucky, Gov. Andy Beshear said Saturday, and he declared a state of emergency with additional rainfall expected. Flash flood warnings were in effect Saturday for parts of Kentucky and Indiana …
POSTED JUNE 29, 2026 1:43 PM |
Stalled US Permits Threaten $121 Billion in Wind and Solar Investment, Report Shows
Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a report …
POSTED JUNE 29, 2026 1:42 PM |
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO
Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States. The Chicago-based company was valued at $29 billion in its last funding round in 2025, led by …
POSTED JUNE 29, 2026 11:51 AM |
Hormuz Traffic Drops Off as Vessel Attacks Raise Fresh Concerns
Commercial traffic through the Strait of Hormuz persisted at a reduced level after attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. A handful of vessels made open transits over the …
POSTED JUNE 29, 2026 9:46 AM |
Update: Temperature Records Fall as Extreme Heat Hits Eastern Europe
The deadly heat wave that’s set temperature records across western Europe for more than a week has shifted east to scorch Hungary, Romania and the Balkans. Budapest is expected to top 40C (104F) on Tuesday, according to models from the …
POSTED JUNE 29, 2026 8:55 AM |
Debt, AI Boom and Financial Fragilities Raise Global Risks, BIS Says
Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements. The central bank umbrella group’s Annual Economic Report …
POSTED JUNE 29, 2026 8:11 AM |
Business Moves: The Doctors Co. Completes Buy of ProAssurance
The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion. ProAssurance is a specialty insurer in medical liability, products liability for medical technology …
POSTED JUNE 29, 2026 5:26 AM |
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