Insurance
Stalled US Permits Threaten $121 Billion in Wind and Solar Investment, Report Shows
Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a report …
Read More PE-Backed Insurance Broker Hub International Files Confidentially for US IPO
Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States. The Chicago-based company was valued at $29 billion in its last funding round in 2025, led by …
Read More Hormuz Traffic Drops Off as Vessel Attacks Raise Fresh Concerns
Commercial traffic through the Strait of Hormuz persisted at a reduced level after attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. A handful of vessels made open transits over the …
Read More Extreme Heat Grips Eastern Europe After Records Fall in Germany
The deadly heat wave that’s set temperature records across western Europe for more than a week has shifted east to scorch Hungary, Romania and the Balkans. Budapest is expected to top 40C (104F) on Tuesday, according to models from the …
Read More Debt, AI Boom and Financial Fragilities Raise Global Risks, BIS Says
Global pressures from rising public debt to financial fragilities and the sustainability of the AI boom are increasing risks, underscoring the need for disciplined policymaking, according to the Bank for International Settlements. The central bank umbrella group’s Annual Economic Report …
Read More Business Moves: The Doctors Co. Completes Buy of ProAssurance
The Doctors Company said on June 26 that it completed the acquisition of ProAssurance Corporation for $25 per share in cash—a total value of about $1.3 billion. ProAssurance is a specialty insurer in medical liability, products liability for medical technology …
Read More Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’
After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all. The US Supreme Court threw out a jury verdict won by …
Read More Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy. It was part of a scheme to “squeeze every drop of value” from Red Lobster for the …
Read More The Doctors Group Completes $1.3B Purchase of ProAssurance Med Mal Provider
More than a year after it announced plans to buy Birmingham, Alabama-based ProAssurance, The Doctors Company said it has completed the billion-dollar acquisition. The Doctors Company, headquartered in Napa, California, acquired all outstanding shares of ProAssurance for $25 per share, …
Read More Anderson Insurance Agency Launches in Coral Springs
A south Florida businessman is stepping into the insurance agency with the launch of Anderson Insurance Solutions, based in Coral Springs. Matthew E. Anderson, a licensed agent for life, health and property-casualty lines, said his agency will offer life, health, …
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