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Twin City Fire Insurance Co. said it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be intentional. The employer, Society for Human …

UCA General Insurance Services Inc., promoted Vijayalakshmi Balakrishnan to vice president, controller. Balakrishnan joined UCA’s accounting team in 2022. In her new capacity, she leads the accounting department and joins the company’s management team. She previously served as an accountant …

AM Best has revised the outlooks to stable from negative of the companies collectively referred to as Mid-Hudson Group (MHG) and domiciled in Montgomery, New York. At the same time, the ratings agency affirmed the Financial Strength Rating of B+ …

The U.S. Department of Labor has obtained a consent judgment requiring the owner of four Michigan Leo’s Coney Island franchises in Clarkston, Dearborn, Livonia, and Sterling Heights to pay more than $500,000 in owed overtime wages and damages to 143 …

Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …

A severe-diarrhea-inducing parasite has now infected more than 10,000 people in Michigan, the epicenter of an outbreak that’s been reported in 45 states in the US since May. Michigan Health and Human Services said Wednesday that it has 10,077 cases …

Third Wave Insurance, an insurance brokerage platform managed by TPG, has entered into definitive agreements to acquire five insurance and advisory agencies across Louisiana, Mississippi and Florida. The acquisitions include Massad Olinde, a Baton Rouge-based employee benefits and retirement advisory …

Corpus Christi got “tremendous” news Monday when the city’s projected water emergency was delayed until fall 2028 — a year later than previously anticipated — as floodwater from recent intense storms continues flowing into some of the region’s reservoirs. Water …

Los Angeles isn’t the first place people think of as sultry in summer. But an unusually warm Pacific Ocean is pushing humidity to uncommon levels in a region better known for dry heat. A marine heat wave stretching across the …

First responders searched homes and buildings on Tuesday for possible victims, a day after a powerful tornado touched down in northeastern Wisconsin, hollowing out homes and toppling power lines as it remained on the ground for more than 20 minutes. …

Acies MGU Launches Ports & Terminals MGA TEDmar International Acies MGU, the managing general underwriter and Lloyd’s coverholder, announced the launch of TEDmar International, a managing general agent that specializes in ports & terminals (P&T), led by marine market experts, …

Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …

Lockheed Martin Corp. won a major legal victory in May when a Florida jury found that plaintiffs had failed to prove that the defense and aerospace giant had polluted groundwater around its Orlando manufacturing site and caused disease in nearby …

Aon reported a jump in second-quarter profit on Wednesday, as the insurance broker giant benefited from robust demand for its commercial risk management offerings. The construction business has benefited from strong data center spending by Big Tech firms, boosting demand …

Insurtech Hippo posted net income for the second quarter 2026 of $10.1 million compared with about $1.3 million for the period a year ago. For the first six months of 2026, net income at the San Jose, California-based insurer was …

Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea. The Joint War Committee comprises syndicate members from the Lloyd’s Market Association and representatives from the London insurance …

Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.” We estimate industry-wide insurance claims could reach the low hundreds of billions of …

A drone strike that sparked fires on two gas vessels in Egypt’s Mediterranean port of Damietta has raised a new threat to shipping through the Suez Canal, one of the last major export routes available to Saudi oil amid the …

The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced …

The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …