INSURANCE NEWS
A Chinese Spyware Tool Operates in 13 Countries, Cyber Firm Says
A Chinese-built digital spyware tool has evolved into a more all-encompassing surveillance technology that’s in use in more than 13 countries, according to new research from a security firm. The cybersecurity firm Arctic Wolf Networks Inc. said Wednesday that it …
Google to Face UK Class Action for Alleged Abuse of Ad Power
Alphabet Inc.’s Google faces a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged businesses …
Brookfield Raises Record $77 Billion Driven by Insurance Arm
Brookfield Asset Management raised a record $77 billion in the second quarter, led mostly by its credit business, as the firm continues its push into the insurance sector. The firm’s distributable earnings climbed 15% to $707 million, or 44 cents …
Zurich Insurance Earnings Boosted by Global Data Center Demand
Zurich Insurance Group AG reported a 13% gain in profit for the first half of 2026 as it saw accelerating demand across all businesses, boosted by global data center and energy infrastructure demand. Group operating profit rose to $4.77 billion, …
NYC Law on Sharing Food Selivery Apps’ Data Unconstitutional, Appeals Court Rules
A U.S. appeals court said on Wednesday that a New York City law requiring food delivery companies to share customers’ data with restaurants is unconstitutional. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said the …
As Wildfires Destroy and Displace, APCIA Says Congress Must Pass Fix Our Forests Act
Wildfires have again become a major headline as about 10% of the population of Spokane, Washington has been ordered to leave their homes, and hundreds of structures have been destroyed. As of Aug. 5, according to the National Interagency Fire …
Global Wildfire Surge Hits US, Propelled by Rising Temperatures
The US is enduring one of its worst wildfire seasons in years, with blazes scorching millions of acres. It’s part of a global pattern of hot, dry conditions that favor fires becoming more common with climate change. Fires that erupted …
Shipowners Say Hormuz Tolls Would Lead to More Charges Elsewhere
Eight of the world’s largest shipping industry associations urged the United Nations and International Maritime Organization to oppose any compulsory tolls or transit charges in the Strait of Hormuz, warning that such a move could set a precedent for similar …
2,900 Required Condo Inspections Were Never Completed, Florida Report Finds
Four years after Florida lawmakers ordered condominium buildings to be inspected regularly in the wake of the deadly Surfside collapse, a state report shows that more than 8,700 buildings have now been inspected. About 900 of those properties sought building …
Auto Insurer Root Inc. Reports 12% Increase in Q2 Net Income
Root Inc. reported second quarter 2026 net income of $25.4 million, an increase of 15% over the same period a year ago. For Q2 the combined ratio came in at 92.1 compared with 95.2 a year ago during the same …
Jury Says Medtronic Owes $88 Million in First Trial Over Covidien’s Hernia Mesh
Medtronic must pay an Alabama man and his wife $88 million, a federal jury decided on Tuesday, in the first case to go to trial out of thousands facing the company from people claiming they were injured by hernia-repair mesh …
Amazon’s Zoox to Levy Fares, in US First for Controls-Free Taxis in Vegas
Amazon.com Inc.’s Zoox robotaxi division will start charging fares next week in Las Vegas, marking a first in the U.S. for autonomous vehicles without driver controls. Zoox will charge Vegas customers starting Aug. 10, with fares calculated from a base …