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Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels. UK Maritime Trade Operations has reported nine attacks in …
POSTED OCTOBER 07, 2026 11:12 AM |
Don’t Sweat the Heatwave, El Niño Is Cooking up Some Raucous Weather for California
Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …
POSTED OCTOBER 07, 2026 11:00 AM |
Volkswagen Sets Aside £725 Million for UK Car Finance Payout
The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans. It’s the first time that Volkswagen Financial Services …
POSTED OCTOBER 07, 2026 10:29 AM |
Gulf Coast on Alert for First Hurricane of 2026
A tropical depression in the Atlantic is forecast to strengthen into a hurricane and bring heavy rainfall and high winds to the central Gulf Coast this weekend. Tropical Depression 9 is expected to impact southeastern Louisiana to the Florida Panhandle, …
POSTED OCTOBER 07, 2026 6:02 AM |
Weather Damage Turning Into Long-Term Debt for Homeowners: Report
A new report revealed half of U.S. homeowners paid out of pocket for weather damage the past three years, and only 22% feel very financially prepared for an unexpected weather repair, according to tech-native insurance group Hippo Holdings. Hippo’s third …
POSTED OCTOBER 07, 2026 5:13 AM |
McDonald’s Hit With Class Action Alleging AI-Powered Menu Price-Fixing
McDonald’s has been sued in federal court in Chicago in a proposed nationwide class action alleging the fast-food company illegally coordinates menu prices across its franchises and company-owned restaurants through an AI-powered pricing system. The lawsuit, filed on Oct. 2, …
POSTED OCTOBER 07, 2026 5:12 AM |
SpaceX Seeks Approval for Florida Gas Pipeline to Support Cape Canaveral Launches
Elon Musk’s SpaceX SPCX.O is seeking approval to build a natural gas pipeline in Florida to supply fuel for its rocket launched from Cape Canaveral, according to a state regulatory filing from September. A SpaceX subsidiary, Coastal Connect Services (CCS), …
POSTED OCTOBER 07, 2026 5:02 AM |
Karen Clark Rolls Out Severe Convective Storm Model 5.0
Karen Clark & Co., long considered one of the more accurate catastrophe risk modeling firms, has announced its latest severe convective storm model—Version 5.0—now with a new option on roof values. “While previously, roof replacement cost was assumed to be …
POSTED OCTOBER 07, 2026 5:01 AM |
Corgi Insurance Launches Fine Arts, Sports and Entertainment Coverage
San Francisco-based Corgi Insurance has launched fine arts coverage for individuals and businesses, and it introduced Golden by Corgi, a sports and entertainment insurance platform offering coverage through its surplus lines carrier. The fine arts coverage protects eligible artwork and …
POSTED OCTOBER 07, 2026 5:00 AM |
Bermuda Insurance Executive and Mother Were on Missing Medical Flight to Boston
The two passengers aboard an air ambulance that crashed in the waters off Massachusetts over the weekend while flying from Bermuda to Boston were identified Monday as a mother from Bermuda and her son, an executive with Hamilton Re. Bermuda …
POSTED OCTOBER 07, 2026 12:39 AM |
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