INSURANCE NEWS
Accenture to Buy Australian Cybersecurity Firm CyberCX for Reported $650 Million
Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberattacks has battered …
PE Firm B.P. Marsh Invests in New Collateralized Reinsurer to Support Growth of XPT
B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and underwriting agency platform. …
NFL Cannot Force Black Coach’s Racial Claims Into Arbitration, Says Appeals Court
The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals …
Toxic Spill at China-Owned Zambian Mine 30 Times Worse Than Estimated
The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 …
Delivery Drones May Soon Take Off With New FAA Rule
Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the …
Softening Continues for Most Commercial P/C Lines in Q2, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%–down from the average increase of 4.2% from the first three months of 2025. …
Third Point’s Dan Loeb Wins Vote to Turn London-Listed Fund Into Reinsurer
Dan Loeb has won a vote to turn his UK investment trust into a life and annuity reinsurance company, defying a fierce backlash from some shareholders. A majority of investors backed a plan for London-listed Third Point Investors to acquire …
3 Firefighters Hurt as Fire Burned Historic Buildings in Salt Lake City Nightlife Hub
A blaze that started in a restaurant kitchen injured three firefighters and scorched century-old buildings in Salt Lake City’s nightlife hub, officials said. Firefighters were dispatched to a cooking fire at the London Belle Supper Club on Monday night and …
Wanted: Tesla Autopilot Operators. $25-$30/Hour. Plus Family-Building.
Are you a “highly motivated self-starter” who wants to drive an “engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training purposes?” This role requires a “high level of flexibility, strong attention to detail, …
Texas Crime Labs Say They Need More Resource for a THC Ban
As Texas lawmakers debate whether to regulate or ban THC products, officials with the state’s crime labs say they don’t have the resources currently to enforce whatever law is passed. “From a crime lab perspective, mercifully, we don’t have a …
Milwaukee Area Recovers From Record Rain and Flooding
The Milwaukee area began drying out Monday after weekend rain hit unofficial records in Wisconsin of more than 14 inches (36 centimeters) in less than 24 hours, leading multiple rivers to flood at record-high levels, washing out vehicles, flooding basements …
Union Pacific Train Cars Derail Near Texas Town, No Injuries Reported
Thirty-five cars of a Union Pacific train derailed Tuesday afternoon near a small Texas town, officials said. No injuries were reported and no evacuations have been ordered following the afternoon derailment, Union Pacific spokeswoman Robynn Tysver said. News footage showed …