The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More …
Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather Read More »
A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the deal, which was first announced in August 2025, 100% of …
Sompo Holdings Completes Acquisition of Aspen, Taking it Private Read More »
California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere. The state’s attorney general, Rob Bonta, sought a preliminary injunction in …
California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition Read More »
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents approximately 10% of the economy, AM Best said in a commentary. Violence …
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best Read More »
EPIC Names Rodriguez National Real Estate Program Development Leader EPIC Insurance Brokers & Consultants, headquartered in San Francisco, California, appointed Miranda Rodriguez to the newly created role of program development leader within its national real estate practice. Rodriguez will focus …
Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …
Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio: AM Best Read More »
Alphabet Inc.’s Waymo will start offering commercial robotaxi service in the three biggest cities in Texas, pushing ahead with its aggressive expansion plan after a recent setback in New York. The rollout of rides with no safety driver will begin …
Waymo to Debut in Biggest Texas Cities After New York Setback Read More »
A ransomware attack forced the University of Mississippi Medical Center to close all of its roughly three dozen clinics around the state and cancel elective procedures for a second day on Friday, hobbling one of the state’s largest health care …
Mississippi Hospital System Closes All Clinics After Ransomware Attack Read More »
Despite assurances from President Claudia Sheinbaum and her security minister Monday that Mexico was returning to normal after a weekend of cartel violence, many vacationers to Puerto Vallarta and other cities still faced canceled flights and shelter-in-place warnings. The travel …
Mexico Visitors Shaken as Cartel Death Fuels Travel Chaos Read More »
The North Carolina house fire that killed NASCAR driver Denny Hamlin’s father and injured his mother has been ruled accidental but it’s still unclear what started it. A report released by Gaston County Emergency Management & Fire Services said the …
NC House Fire That Killed Hamlin’s Father Ruled Accidental But Cause Unknown Read More »
