Bomb accidentally dropped on South Korean neighborhood, 8 hurt
Two South Korean fighter jets were involved in a live-fire exercise with the U.S. military when they mistakenly dropped eight bombs on a neighborhood Thursday, hurting eight people.
Trump issues “last warning” for Hamas after White House confirms direct talks with group
President Trump has issued what he’s calling a last warning for Hamas to release all remaining hostages held in Gaza, warning in a social media post that if the group doesn’t comply, no Hamas member would be safe. The threat came after the White House confirmed U.S. officials have held direct talks with Hamas. CBS…
Elon Musk meets with GOP lawmakers, Congress inching closer to shutdown deadline
Elon Musk met with Republican lawmakers on Capitol Hill Wednesday to discuss enshrining DOGE cuts into law. CBS News congressional correspondent Nikole Killion has more on that and the looming deadline for a government shutdown.
Trump announces 1-month tariff exemption to U.S. automakers
The Trump administration says it is issuing a one-month exemption from tariffs on cars coming from Mexico and Canada, giving relief to the largest U.S. automakers. CBS News correspondent Natalie Brand has more.
RenRe launches new property cat bond fund Medici UCITS
RenaissanceRe has launched a new Irish domiciled property catastrophe bond fund, RenaissanceRe Medici UCITS Fund, a sub-fund of RenaissanceRe Medici ICAV (Medici UCITS). The Medici UCITS fund, established under European regulation, offers European and global investors a gateway to RenaissanceRe’s proven catastrophe bond investment strategy. The RenaissanceRe Capital Partners team will act as investment manager…
Utah becomes first state to pass bill making app stores verify ages
Utah has become the first state to pass legislation requiring app stores to verify users’ ages and get parental consent for minors to download apps to their devices.
Hippo’s $42m LA wildfire loss includes $15m gross savings from sale of subrogation rights
Home insurance carrier Hippo has announced estimated losses from the January 2025 Los Angeles, California wildfires of $42 million pre-tax, net of reinsurance recoveries and subrogation, also revealing that it has agreed to sell its subrogation rights specific to its portion of losses from the Eaton wildfire. The insurer’s $42 million wildfire loss estimate includes…
Man searching for WWII dead in Japan finds hundreds of human remains
The remains of some 1,400 people sit in storage for possible identification with DNA testing. So far just six have been identified and returned to their families.
WTW partners with KIT and NASA to enhance hail risk modelling
WTW, an advisory, broking, and solutions company, has announced the continuation of its long-standing collaboration with the Karlsruhe Institute of Technology (KIT), alongside NASA’s Disasters Program and the NASA Langley Research Center. The partnership will focus on advancing the understanding and modelling of hail risk, leveraging more than a decade of joint efforts. The latest…