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Update: US-Iran Deal Promises End to War but How it Will Work Remains Unclear
Doubts swirled around the U.S.-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered. U.S. …
POSTED JUNE 16, 2026 7:12 AM |
Ukraine Aims to Align Banks, Insurers With EU Rules by 2028, Central Banker Says
Ukraine is accelerating reforms to align its banking and insurance sectors with EU standards by 2028 despite wartime challenges, to buttress investor confidence and deepen economic integration with Europe, its central bank governor said. The European Union launched formal talks …
POSTED JUNE 16, 2026 6:02 AM |
Making Decisions Under Pressure in Complex Risk Environments
Insurance leaders say today’s risk environment is creating challenges that are more difficult to predict than ever before. This is leading insurers to rethink how they assess risk and make the right decisions without sacrificing speed and efficiency. “Risk is …
POSTED JUNE 16, 2026 5:16 AM |
People Moves: Gallagher Appoints Practice Leaders for Casualty, Fine Arts, Data Centers
Gallagher is expanding its US retail brokerage capabilities with the appointment of three new practice leaders. Evan Hessel, managing director, casualty, joined Gallagher as part of the Woodruff Sawyer acquisition in 2025. He has extensive experience in developing risk financing …
POSTED JUNE 16, 2026 5:16 AM |
Microsoft Sued by Shareholders Over Expenses, Cloud Business, AI
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure. …
POSTED JUNE 16, 2026 5:07 AM |
Miami Tech Investor Revives $3 Billion Real Estate Development
More than a decade after announcing plans for a large real estate development in Miami’s Little Haiti neighborhood, technology investor Bob Zangrillo is reviving the project, now pitching it as a home for the city’s growing roster of AI companies. …
POSTED JUNE 16, 2026 5:02 AM |
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit
A high-ranking Mississippi Insurance Department official has been placed on leave after allegations that he and his wife diverted more than $90 million from a credit union that is now in receivership. Chad Bridges, director of financial and market regulation …
POSTED JUNE 16, 2026 5:01 AM |
CVS Paying $36.5 Million for Overbilling Medi-Cal for Insulin Pens
CVS is paying $36.5 million for submitting false claims to the Medi-Cal program for excessive dispensing of insulin pens. A settlement pursued by California Attorney General Rob Bonta in collaboration with the United States Department of Justice with CVS Pharmacy, …
POSTED JUNE 16, 2026 5:00 AM |
Ads in New York Must Now Label AI-Generated ‘Synthetic Performers’
Any advertisements in New York that feature artificial intelligence-generated people in place of actors will now be violating state law if they don’t clearly label that they have used a “synthetic performer.” The law, signed in December by Gov. Kathy …
POSTED JUNE 16, 2026 5:00 AM |
Washington County Prosecuting First Insurance Fraud Case Under OIC Deal
A county with one of the highest volumes of insurance fraud cases in Washington has filed its first changes under a new agreement with the state’s insurance regulator. The Pierce County Prosecuting Attorney’s Office filed insurance fraud charges in Pierce …
POSTED JUNE 16, 2026 5:00 AM |
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