Insurance
Europe Looks to Contain Trump’s Fury as It Hosts Hormuz Summit
The UK and France will host a summit to discuss setting up a naval force that would ensure freedom of navigation in the Strait of Hormuz, as Europe seeks to rebut US claims that it’s not doing enough to secure …
Read More Spain’s Blackout Probe Blames Grid Operator, Government, Watchdog
An inquiry by the Spanish Senate blames the government, as well the country’s grid operator and energy watchdog, for last year’s unprecedented blackout, according to preliminary conclusions made public on Wednesday. The probe by the upper house – which is …
Read More Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for shareholders. The report, “Carrier Mergers & Acquisitions: Drivers, Implications & Outcomes,” published …
Read More Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles
Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. …
Read More Mythos Poses Risk to SEC Market-Tracking Database, Group Says
Anthropic PBC’s new artificial intelligence model Mythos could put traders and the broader financial system at risk through a Securities and Exchange Commission database, the American Securities Association said Thursday. The financial-industry trade group warned of the potential for bad …
Read More UK Prepares for Food Shortages Caused by Iran War CO2 Crunch
The UK has drawn up plans to prepare for potential food disruption as the Iran conflict causes a drop-off in supplies of carbon dioxide used widely in the industry. In a “reasonable worst-case scenario,” officials don’t foresee aisles of empty …
Read More Bank of England Says it Is Testing AI Risks to Financial Ssystem
The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed with an …
Read More Texas Summer Camp Faces Scrutiny Over Failure to Report Deaths
The medical officer for the Texas summer camp where 27 girls were killed in a flood last year testified Tuesday she still has not officially reported the deaths to the state health agency that regulates camps and is reviewing its …
Read More Trucordia Buys Connecticut’s Paradiso Insurance Services
Utah-based insurance broker Trucordia reports it has acquired the Paradiso Financial and Insurance Services business located in Stafford Springs, Connecticut. Paradiso offers auto, home, life and business insurance and specialty lines across Connecticut and the New England region. One of …
Read More Inszone Acquires Kansas’ Insurance Resources Group
Inszone Insurance Services announced the acquisition of Insurance Resources Group, Inc. Located in Olathe, Kansas, this acquisition adds an experienced and versatile team to the expanding Inszone organization. Insurance Resources Group was founded in 1996 by Kenton Grigg and Lora …
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