INSURANCE NEWS
The Hartford To Acquire Equitable’s Employee Benefits Biz
In a deal designed to boost The Hartford’s growth in the small and midsized employer segment, the Connecticut-based insurer announced a deal to acquire Equitable’s Employee Benefits business, focusing on flexible non-medical benefits. According to a media statement, as part …
Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds
A Massachusetts judge has declined to reduce the $91 million damages award she approved last September for a construction worker’s personal injury claim, an award she herself characterized as “grossly excessive” but found is required by statute and precedent. Suffolk …
German DHL Cargo Plane Hits Object as Drone Found at Leipzig Airport
A DHL cargo aircraft hit an unknown object as it was climbing away from Leipzig/Halle airport in eastern Germany overnight, prompting an unscheduled landing in Hanover, a source familiar with the incident told Reuters on Wednesday. Authorities said they were …
AI Now Fuels Over Half of Africa’s Cybercrime, Study Finds
Artificial intelligence is fueling more than half of cybercrime in Africa, enabling criminals to launch faster, more sophisticated attacks as financial losses continue to mount, a new study found. “Cybercrime has emerged as one of the most significant criminal threats …
Danube River Hits Record Lows and Threatens Romania, Hungary Nuclear Plants
The green excavator scooped another heap of arid dirt and rocks before swiveling around to deposit the load onto barges ready to be sunk deep into the Danube River. Watched by a group of workers in the scorching Romanian heat, …
Yemen’s Houthis Say They’ll Target Tankers in Northern Red Sea
Yemen’s Houthi militant group said it would attack Saudi oil tankers in the northern Red Sea, a potential fresh escalation in its attacks on shipping. Houthi military spokesperson Yahya Saree said the move was a result of the kingdom diverting …
Allianz to Buy UOB Asset Management Unit as CEO Targets Asia
Allianz SE agreed to buy the asset management unit of Singapore’s United Overseas Bank Ltd., marking the German insurer’s second major deal in recent days as Chief Executive Officer Oliver Baete pursues growth in the region. Allianz Global Investors, an …
Trump’s Latest Tariffs Hit With New Lawsuit by 25 States
A group of 25 states filed a lawsuit challenging President Donald Trump’s new global tariffs that went into effect last month, adding to similar complaints by small businesses who claim the levies are illegal. New York, California, Illinois and other …
Prediction Market Bets on Wildfires Draw Scrutiny From Senators
A group of Democratic senators urged the Commodity Futures Trading Commission to rein in prediction market trading on wildfires, expressing concern that individuals could be tempted to commit arson to make their bets pay off. “As the United States faces …
Fla. Workers’ Comp Physician Dispensing Ruling Could Produce New Legislative Fight
In a significant decision issued on February 25, 2026, the First District Court of Appeal (DCA) ruled in Publix Super Markets, Inc., et al. v. Department of Financial Services, et al., 430 So. 3d 252 (Fla. 1st DCA 2026), that …
Harbinger for Florida, Gulf States? Seaweed Smothers Coastlines in Caribbean, Mexico
Swaths of seaweed are blanketing the beaches and coastlines of the Caribbean and Gulf of Mexico, suffocating shorelines and snuffing out marine life while spooking visitors in areas that depend heavily on tourism. Some 27 million metric tons of self-sustaining …
People Moves: Plymouth Rock Names 3 Key Leaders; Valekha to Lead MIA Financial Unit
Plymouth Rock Assurance Makes Leadership Appointments Plymouth Rock Assurance, headquartered in Boston, Massachusetts, appointed Gavin McPhail as vice president and chief data officer; Cornelius Young as vice president and chief claims officer, independent agency group; and Lindsay Mustard as vice …