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The U.S. property/casualty insurance industry posted a much higher net underwriting gain of $31.7 billion for the first half of 2026, up from $11.6 billion the prior year. According to a report from data analytics and technology firm Verisk and …

PG&E Corp. plans to defer about $2 billion of investments next year as part of a strategic review of its businesses, a move that comes after it said a proposed revamp of California’s wildfire response didn’t do enough to protect …

Houston-based title insurer and real estate services firm Stewart Information Services Corp. reports it has acquired East Providence, Rhode Island-based Tower Title, a national specialist in title services for the telecommunications industry. Terms of the transaction were not disclosed. Founded …

AIG said early Wednesday that its former chief executive officer and current executive chair Peter Zaffino will be leaving the board effective Sept. 15 to join Palantir Technologies Inc. as global head of financial services. Zaffino had just transitioned to …

Florida has banned local police from installing license-plate readers on state roads, responding to growing concern about the proliferation of surveillance cameras made by Flock Safety and other companies. The Florida Department of Transportation on Monday revoked all permits for …

Germany’s power grid was hit twice in a single day on Tuesday, with incidents on opposite sides of the country knocking units of coal-fired power plants offline and authorities investigating possible terrorist or extremist motives. The latest incident occurred in …

A historic diamond necklace originally designed for the Egyptian royal family and valued at about $4 million was stolen from a major Vienna museum, triggering a police manhunt for the two alleged thieves. The men smashed a display case in …

Germany’s government said an investigation found that Russia is behind a failed drone attack at an airport in Leipzig last month and that the Kremlin is likely to step up hybrid aggression. Foreign Minister Johann Wadephul announced the shuttering of …

The devastating deluge that swept through the mountain valleys on the border between Nepal and Tibet in China is a potent reminder of a growing green-energy risk in one of the world’s most hazard-prone areas.Hydropower dams high in the Himalayas …

A federal judge has ruled that J.M. Smucker can proceed with a lawsuit against Trader Joe’s over frozen sandwiches that Smucker claims are too similar to its Uncrustables. Smucker sued Trader Joe’s in federal court in Ohio last fall, claiming …

Tokio Marine HCC – Cyber & Professional Lines Group Appoints Alva SVP of Underwriting to Lead Cyber Business Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in …

A new report highlights insurance industry employees’ growing negativity toward artificial intelligence job displacement, as sector employment dropped 21% year-over-year, and entry-level adjuster positions dropped 50% YoY. Glassdoor’s Employee Confidence Index for its broader AI Report hit a record 10-year …

The U.S. pressed G20 members on Tuesday to take a hands-off approach to AI regulation and avoid creating new rules for the technology at a gathering of industry titans and commerce ministers in North Carolina. The U.S. goals largely align …

Pennsylvania-based Ignyte Insurance, a specialty insurance platform, has acquired InsureMyTrip, a travel insurance marketplace that helps travelers compare and purchase coverage from insurance providers. Terms of the transaction were not disclosed. Rhode Island-based InsureMyTrip reports it has served more than …

The California Assembly adjourned without passing a revamp of the state’s wildfire response, sending up shares in two key power utilities, PG&E Corp. and Edison International. The deal fell apart Tuesday as lawmakers prepared to leave the state capitol. Major …

Medical service costs in California workers’ compensation rose 5% last year on the back of growth in both average payments and utilization, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released its Medical Service Cost Trends …

Technology giant Apple Inc. has agreed to pay $150,000 and update its religious observance policy to settle a religious discrimination lawsuit filed on behalf of an Apple store employee who was denied a work accommodation so he could honor the …

Sunstar Insurance Group announced it has hired Tod Ashby as Chief Information Officer, where he will lead the company’s technology strategy, enterprise infrastructure and systems modernization as Sunstar continues to build the scalable platform needed to support its growth. In …

A Warren County, North Carolina man has been charged with insurance fraud for allegedly seeking an insurance payment from a restaurant where he claims he found cockroaches in his food. Investigators say it was one of four similar cockroach complaints …

Texas is mobilizing emergency response crews in anticipation of expected flash flooding from a now fully-formed tropical storm that forecasters predicted would hit the southeast part of the state on Tuesday. Federal forecasters elevated a tropical depression in the Gulf …