News
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Arctic Wolf: Policy scoping identified as main cause of cyber insurance claim rejections
By Mia MacGregorAug 13 - (The Insurer) - A significant portion of cyber insurance claims are rejected due to incidents falling outside policy terms, potentially eroding confidence in coverage among IT and security leaders, according to Arctic Wolf's 2025 Cyber Insurance Outlook report.The cybers...Reuters
Wed, Aug 13
US judge blocks Trump religious exemption to birth control coverage
By Daniel Wiessner Aug 13 (Reuters) - A U.S. judge on Wednesday struck down rules adopted during President Donald Trump's first term that exempt employers with religious or moral objections from having to provide workers with insurance coverage for birth control.U.S. District Judge Wendy Beet...Reuters
Wed, Aug 13
Air Canada cancels flights from Thursday as cabin crew strike looms
Air Canada winding down flights ahead of planned Saturday strikeContract talks with flight attendants largely stalled over payAir Canada flight attendants give 72 hours strike noticeBy Allison Lampert and Aishwarya Jain Aug 13 (Reuters) - Air Canada AC.TO is cancelling flights from Thursday, as t...Reuters
Wed, Aug 13
US approves potential sales of munitions, bombs and rockets to Nigeria
Aug 13 (Reuters) - The U.S. State Department has approved potential sales of munitions, precision bombs and precision rockets to Nigeria for an estimated cost of $346 million, the Pentagon said on Wednesday.The contractors for the sales are Lockheed Martin LMT.N , RTX Missiles and Defense RTX.N and ...Reuters
Wed, Aug 13
US hits African, Cuban and Grenadian officials with visa restrictions
WASHINGTON, Aug 13 (Reuters) - The U.S. Department of State said on Wednesday that it was imposing visa restrictions on African, Cuban and Grenadian government officials and their family members over accusations they deprived Cubans of essential medical care.The department did not identify the offic...Reuters
Wed, Aug 13
Texas court allows chemical manufacturer to pursue a $100 million claim with FM
By Isha Marathe Aug 13 - (The Insurer) - FM subsidiary Factory Mutual Insurance Co must face a $100 million business interruption claim from chemicals manufacturer Indorama, which sued the insurer for allegedly failing to fully cover plant explosion losses, a Texas federal court ruled. FM and co...Reuters
Wed, Aug 13
US judge tosses Rumble lawsuit claiming advertising boycott
By Mike Scarcella Aug 13 (Reuters) - A U.S. judge on Wednesday dismissed online video-sharing and internet-hosting company Rumble’s RUM.O lawsuit accusing spirits maker Diageo DGE.L and other advertisers of conspiring to withhold ad spending on its platform, as the same court weighs a similar cas...Reuters
Wed, Aug 13
US Treasury issues general license related to upcoming Trump-Putin summit
WASHINGTON, Aug 13 (Reuters) - The U.S. Treasury Department on Wednesday issued a general license authorizing transactions related to the Friday meeting between U.S President Donald Trump and Russian President Vladimir Putin in Alaska.The license will allow transactions through 12:01 a.m. eastern (0...Reuters
Wed, Aug 13
CANADA RESEARCH ROUNDUP-Altus Group, National Bank of Canada, RBC
Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Altus Group, National Bank of Canada and RBC on Wednesday.HIGHLIGHTS * Altus Group Ltd AIF.TO: National Bank of Canada ups to outperform from sector perform* Bank of Montreal BMO...Reuters
Wed, Aug 13
Brightstone acquires hospitality insurance program administrator RMS Hospitality Group
By Isha MaratheAug 13 - (The Insurer) - U.S. insurance broker Highstreet subsidiary Brightstone Specialty Group has acquired hospitality industry-focused program administrator RMS Hospitality Group and its sister company, Fortis Risk Solutions.The financial terms of the deal were not disclosed. ...Reuters
Wed, Aug 13
U.S. RESEARCH ROUNDUP-Apollo, Blackstone, Nvidia
Aug 13 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Apollo, Blackstone, and Nvidia, on Wednesday. HIGHLIGHTS* Apollo APO.N: Jefferies raises target price to $154 from $143* Blackstone BX.N: Jefferies raises target...Reuters
Wed, Aug 13
Trump asked Polish President Nawrocki to replace Tusk in Ukraine meeting
By Barbara Erling and Anna Koper WARSAW, Aug 13 (Reuters) - U.S. President Donald Trump at the last minute requested MAGA-allied Polish President Karol Nawrocki join the Ukraine teleconference with European leaders on Wednesday, according to centrist Polish Prime Minister Donald Tusk, Nawrocki...Reuters
Wed, Aug 13
New York sues Zelle, says security lapses led to $1 billion consumer fraud losses
James says Zelle ignored basic anti-fraud safeguardsBofA, Chase, Wells Fargo, other banks own Zelle parentZelle calls James' claims meritless, touts safetyBy Jonathan Stempel NEW YORK, Aug 13 (Reuters) - Zelle was sued on Wednesday by New York Attorney General Letitia James, who said the elec...Reuters
Wed, Aug 13
BMO exploring sale of transportation finance business, Bloomberg News reports
Aug 13 (Reuters) - Canada's Bank of Montreal BMO.TO is exploring a sale of its transportation finance business for about $1 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.Reuters
Wed, Aug 13
CORRECTED-COLUMN-Amazon wins green praise for brown-bag packaging: Ross Kerber
By Ross Kerber Aug 13 (Reuters) - Environmentalists cheered when Amazon's recent sustainability report showed a 16% decline in the company's shipments with single-use plastic, to 74,137 metric tons last year. That's significant, especially as many companies adjust to new priorities fr...Reuters
Wed, Aug 13
South African auto parts group Jendamark braces for US tariff hit
By Nqobile DludlaGQEBERHA, Aug 13 (Reuters) - South African auto parts manufacturer Jendamark Automation stands to lose 750 million ($43 million) rand of contracts in a U.S. market it has built up to account for 50% of its exports, its operations director told Reuters.The 40-year-old company based i...Reuters
Wed, Aug 13
