INSURANCE NEWS
Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 billion
Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …
Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled
Typhoon Podul hit Taiwan’s sparsely populated southeast coast on Wednesday packing winds of up to 191 kph (118 mph), as a large swathe of southern and eastern parts of the island shut down and hundreds of flights were canceled. Taiwan …
Appeals Court Says DOGE Team Can Access Sensitive Data
A U.S. appeals court on Tuesday rejected a bid by a group of unions to block the Trump administration government downsizing team known as the Department of Government Efficiency from accessing sensitive data on Americans. The Virginia-based 4th U.S. Circuit …
Employers Miss Out on Talent When Remote Work Isn’t Allowed: Survey
New insights into workforce recruitment and retention challenges suggest employers who don’t allow a remote work option may be missing out on talent, according to global background screening services and workforce management solutions provider HireRight. The report is based on …
Navigating The Challenging US Liability Litigation Environment
The liability litigation environment in the U.S. continues to be challenging, driven by increases in nuclear and thermonuclear verdicts, rising attorney representation rates and evolving litigation strategies. Sedgwick’s new Liability Litigation Observation and Trends report from offers a view into …
US Steel Plant Hit by Deadly Blast Has History of Accidents
A United States Steel Corp. plant in Pennsylvania that experienced an explosion that killed at least two people has a history of accidents and violations over the past 15 years. The Clairton Coke Works plant near Pittsburgh, the biggest facility …
The Sullivan Group Names Smith President And CEO
The Sullivan Group named Thom Smith president and CEO. Smith will be responsible for overseeing day-to-day operations, advancing strategic initiatives and driving long-term growth across the organization. His focus will include expanding treaty reinsurance partnerships, creating a managing general agency …
Chevrolets, Hyundai Among Affordable Trucks and SUVs to Insure, Mercury Says
Two Chevrolets and a Hyundai topped the list of the most affordable new trucks and SUVs to insure for 2025, according to a new list compiled by California-based Mercury Insurance. Factors contributing to Mercury’s list included claims on similar vehicles, …
AAIP Names 2025/26 Officers and Directors
The Austin Association of Insurance Professionals (AAIP) held their 2025 installation dinner on Wednesday, June 20th at The Oasis on Lake Travis in Austin, Texas. The 2025/26 Officers & Directors for AAIP were installed. AAIP President, Meghan Welte hosted the …
Chemical Safety Board to Investigate Fatal US Steel Facility Explosion
The U.S. Chemical Safety and Hazard Investigation Board (CSB) said today that it is investigating the fatal explosions and fires at U.S. Steel’s Clairton Coke Works plant in Clairton, Pennsylvania, that occurred on Monday. Two people were killed in the …
Judge Stops Hazardous Waste Shipments to Michigan Landfill
A judge has stopped government contractors in five states from sending hazardous waste to a Michigan landfill after a year of legal challenges by Detroit-area communities concerned about possible environmental impacts. Wayne County Judge Kevin Cox said the risk was …
Wisconsin Severe Storms Cause Flooding, Knock Out Power
Flash flooding canceled the final day of the Wisconsin State Fair on Sunday as continued heavy rainfall in half a dozen Midwest states forced motorists to abandon their vehicles, cut power to thousands of households and closed busy roadways. Organizers …