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South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and …

Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …

The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The …

The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times and other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training generally makes …

For more than four decades, I have worked across the commercial property/casualty insurance ecosystem. Over those years, I have watched our industry attract people, develop underwriters, transfer knowledge, promote talent, lose experienced practitioners, and adapt as the way we work …

A Florida judge this week effectively dismissed a lawsuit brought by private equity firms who charged that Lighthouse Property Insurance executives misled investors about the extent of losses from Hurricane Ida in 2021. By entering into a 2021 note purchase …

New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state’s responsibility and …

A U.S. appeals court on Wednesday reversed a federal labor board ruling that said Starbucks broke the law by barring workers at a flagship Manhattan store with a “steampunk hipster vibe” from wearing t-shirts or multiple pins supporting a union. …

Insurance continued to be the biggest generator of complaints to the Oregon Division of Financial Regulation, according to the division, which reported it recovered $3.88 million through the first six months of 2026. Insurance produced the majority of complaints filed …

Specialty insurance wholesale broker Amwins reports it has acquired Joseph Chiarello & Co., Inc., a managing general agent (MGA) specializing in commercial insurance for the firearms industry. Terms of the deal were not disclosed. Chiarello will join Amwins Underwriting, adding …

Fighting between the US and Iran over control of the Strait of Hormuz intensified after a period of relative calm, triggering a fresh jump in energy prices as fears grow of an open-ended war. The US military carried out a …

Atlanta-based Builders Insurance Group has named David Jasmund, a longtime board member and investment banker, as chairman of the board. Jasmund succeeds Charles Potok, who retired last month after three years as chairman, the company said in a news release. …

Howden Re, the reinsurance arm of insurance broker Howden, is partnering with the modeling company Synthetik Insurance Technologies, to launch an analytical tool designed to help insurers and reinsurers better understand, quantify, and manage strikes, riots and civil commotion (SRCC) …

The Texas A&M Forest Service launched an insurance program this week to provide liability protection for qualified certified and insured prescribed burn managers (CIPBMs). The Texas Prescribed Burn Manager Insurance Program was created in response to a recent House Bill …

Despite months of lobbying and significant political campaign contributions by Ryan Turner Specialty brokerage, the winning bid for management of part of a Florida Citizens Property Insurance commercial clearinghouse has been awarded to another brokerage. At a meeting Tuesday, Citizens …

Another round of severe thunderstorms is threatening the US and Canada, from the Great Lakes to New Jersey, promising to disrupt flights and cause power outages. There is a level two risk of severe thunderstorms from Michigan to New Jersey …

Cincinnati Financial Corporation announced that Marc J. Schambow, CPCU, AIM, ASLI, chief claims officer for its property casualty subsidiaries, led by The Cincinnati Insurance Company, will retire in January 2027. Schambow has served as Cincinnati’s top claims officer since 2020, …

Kansas Insurance Commissioner Vicki Schmidt announced an Atchison County woman has been sentenced to 12 months of probation for insurance fraud. Amber Conner, aged 30, pleaded guilty on July 13, 2026, in Atchison County District Court to one felony count …

Life-threatening flash flooding was hitting areas of East Texas north of Beaumont early Wednesday morning, as more than 20 inches of rain had fallen from the remnants of Tropical Storm Edouard in some places, federal forecasters said. At least one …

Tankers and cargo ships are transiting the Bosphorus strait adorned with nets, water tanks and tires to try to fend off growing Russian and Ukrainian drone strikes in the Black Sea, according to security experts and video obtained by Reuters. …