3 09, 2026

Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says

By | September 3rd, 2026|Uncategorized|Comments Off on Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says

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 …

3 09, 2026

UN Warns Global Warming Will Exceed 1.5C and Must Be Reversed

By | September 3rd, 2026|Uncategorized|Comments Off on UN Warns Global Warming Will Exceed 1.5C and Must Be Reversed

Since countries signed onto the 2015 Paris Agreement, the United Nations has regularly reported on the world’s progress at limiting global warming to 1.5C above pre-industrial levels. A landmark UN report published today brings an end to that era — …

3 09, 2026

People Moves: Silva to Succeed Retiring Welch as Amica Chief Claims Officer

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Silva to Succeed Retiring Welch as Amica SVP and Chief Claims Officer Amica Mutual Insurance Co., headquartered in Lincoln, Rhode Island, announced that Sean Welch, senior vice president and chief claims officer, will retire at the end of the year …

3 09, 2026

Lloyd’s Reports Improved Combined Ratio on H1 Underwriting Profit of £1.9B

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Lloyd’s of London reported an improved first-half combined ratio of 90.8%, (H1 2025: 92.5%), which drove an underwriting profit of £1.9 billion (US$2.6 billion), compared with £1.5 billion (US$2.0 billion) in H1 2025. The major claims ratio improved to 6.8% …

3 09, 2026

Judge Bars EPA Effort to Send California Vehicle Emissions Rules to Congress

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A judge in Washington on Wednesday blocked the U.S. Environmental Protection Agency from sending landmark California vehicle emissions rules for a potential repeal to the Republican-controlled Congress. The four waivers sent by the EPA to Congress for review granted ⁠California …

3 09, 2026

Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery

By | September 3rd, 2026|Uncategorized|Comments Off on Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery

In late 2024, Elon Musk took the stage on a Hollywood studio lot to unveil the Cybercab, a vehicle with no steering wheel or foot pedals that he promised would revolutionize car travel across the country. Almost two years later, …

3 09, 2026

Berkshire CEO Abel Says AI to Help Power Growth

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Berkshire Hathaway CEO Greg Abel said on Wednesday he sees significant opportunities for the conglomerate from the buildout of AI data centers, after Berkshire made Alphabet its third-largest common stock holding. Abel separately said American consumers remain under stress from …

3 09, 2026

Floridians Saved Almost $3B on HO and Auto Premiums Last Year, Actuarial Report Finds

By | September 3rd, 2026|Uncategorized|Comments Off on Floridians Saved Almost $3B on HO and Auto Premiums Last Year, Actuarial Report Finds

Average homeowner insurance rates in Florida did not decline in 2025, but they increased less than 1%, down sharply from the double-digit average increases seen in 2022 and 2023. And auto insurance rates in the state did fall—by 4.1% last …

3 09, 2026

Trump Says Iran Strikes to Be Short, Asserts Hormuz Control

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President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim that the US controls the crucial Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war. Asked on Wednesday …

3 09, 2026

Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files

By | September 3rd, 2026|Uncategorized|Comments Off on Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files

A unit of Thomson Reuters detected a cybersecurity incident in 11 U.S. states, the U.S. Virgin Islands and Canada on June 30 involving the company’s C-Track case management platform, according to a notice from the company on Wednesday and a …