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INSURANCE NEWS
Cyclosporiasis Cases Top 10,000 in Michigan as Parasite Spreads
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 Acquires Five Gulf Coast Insurance and Advisory Agencies
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 …
Floodwater Delays Corpus Christi’s Water Emergency Until Fall 2028
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’ Rare Humidity Tied to Pacific Heat, Climate Change
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 …
Wisconsin Governor Declares State of Emergency as Tornado Cleanup Begins
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. …
Analog Devices Assessing Latest Cyber Breach Claim From Hackers
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 …
Experts in Lockheed Pollution Suit Used Unreliable Methods, Appeals Court Says
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 Quarterly Profit Jumps on Commercial Risk Management Strength
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 …
Hippo Sees Q2 Net Income Jump on Casualty, Commercial Lines Growth
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 …
Houthis’ Red Sea Attacks Prompt London Insurers to Widen High-Risk Zone
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 …
Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence
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 yen,” …
Drone Strike at Egypt’s Damietta Port Raises New Security Threat Near Suez
A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe export route for Saudi …
