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Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
Insurance Journal | July 10, 2026
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation
The developer behind the Midtown Manhattan tower that was evacuated over structural concerns Tuesday says it has a plan to fix the issue, including reconstructing 15 floors that were added to the original building as part of its conversion into …
Western Europe Records Hottest June on Record, EU Scientists Say
Insurance Journal | July 10, 2026
Western Europe Records Hottest June on Record, EU Scientists Say
Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature records, disrupted power supplies and shut schools. Last month was also the second-warmest June …
Japan’s Southwestern Islands Prepare for Typhoon Bavi; Taiwan Expects Heavy Rain
Insurance Journal | July 10, 2026
Japan’s Southwestern Islands Prepare for Typhoon Bavi; Taiwan Expects Heavy Rain
A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon …
US to Explore Allowing Driverless Cars Without Steering Wheels
Insurance Journal | July 10, 2026
US to Explore Allowing Driverless Cars Without Steering Wheels
The head of the top US auto safety regulator said the agency “absolutely” will consider ending requirements that driverless cars include steering wheels, a potential boon for Tesla Inc. and other robotaxi companies rethinking traditional vehicle design. “If you’re developing …
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
Insurance Journal | July 10, 2026
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will …
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
Insurance Journal | July 10, 2026
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …
El Niño Likely Strongest in 75 Years, US Forecasters Say
Insurance Journal | July 10, 2026
El Niño Likely Strongest in 75 Years, US Forecasters Say
The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …
Illinois Governor Signs AI Regulation Bill That Aims to Mitigate Risks
Insurance Journal | July 9, 2026
Illinois Governor Signs AI Regulation Bill That Aims to Mitigate Risks
Gov. JB Pritzker signed artificial intelligence legislation modeled after similar bills in California and New York on Monday, furthering a push for a state-driven national framework in lieu of federal regulations. “Congress and the president ought to be passing similar …
Texas Lawmakers Continue Push to Ban TCH Products
Insurance Journal | July 9, 2026
Texas Lawmakers Continue Push to Ban TCH Products
The Texas Senate Committee on Health and Human Services held a public hearing Tuesday to gather information that will shape future legislation on THC products sold in the state. Lawmakers made arguments against THC that harkened back to the days …
AM Best Revises Outlook to Positive for Illinois’ National Group
Insurance Journal | July 9, 2026
AM Best Revises Outlook to Positive for Illinois’ National Group
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of OMS National Insurance Company, …