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Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal
Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Span’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 billion. Under the terms of the agreement, a subsidiary of Mapfre …
POSTED JULY 23, 2026 10:36 PM |
People Moves: Brown & Riding Names Kane to National Casualty Practice
Brown & Riding to announced that Abe Kane has joined its National Casualty Practice. With over 20 years of industry experience, Kane specializes in casualty solutions for public entities and higher education institutions. His background spans underwriting, reinsurance, and specialty …
POSTED JULY 23, 2026 4:37 PM |
War Risk Insurance Costs Surge for Southern Red Sea Voyages After Houthi Attacks
The insurance cost of shipping goods through the southern Red Sea doubled for some companies on Thursday, after Yemen’s Iran-aligned Houthis attacked at least one tanker overnight, sources said. The Houthis said their forces had carried out missile and drone …
POSTED JULY 23, 2026 4:36 PM |
Florida Appeals Court Strikes Jury’s $335,000 Award in Universal Plumbing Claim
One of Florida’s largest property insurers won a major victory Wednesday from an appeals court, which found that a jury’s $335,000 award in a claims dispute over plumbing damages was far out of line with the evidence. “The verdict was …
POSTED JULY 23, 2026 4:34 PM |
Eight Sentenced in $1.2M Travel Insurance Fraud Scheme
Eight people have been sentenced to prison for their roles in a $1.2 million travel insurance fraud kickback scheme, the U.S. Attorney’s Office, Southern District of Indiana announced. According to court documents, Jennifer Fleener devised a scheme in 2016 to …
POSTED JULY 23, 2026 4:32 PM |
Tech Update: Gallagher Enhances Digital Insurance Platform for Aviation Clients
Insurance broker Gallagher has relaunched its aviation insurance web portal — Jacinth — which provides clients with an interconnected insurance management system. The new enhanced digital platform is designed to help clients drive efficiency and offers analytical insights on their …
POSTED JULY 23, 2026 4:25 PM |
Cyclosporiasis Cases in Michigan Climb to Over 7,000, State Health Officials Say
Michigan health officials reported 7,171 cases linked to an outbreak of cyclosporiasis on Wednesday, up 600 cases since its last update on Tuesday. The outbreak of the intestinal infection in Michigan has resulted in 102 hospitalizations, according to the state …
POSTED JULY 23, 2026 4:16 PM |
Wildfires Force France to Evacuate Tourists From Campsites
Wildfires forced French authorities to evacuate some 20,000 residents and tourists from an area southwest of Bordeaux, after successive heat waves created tinderbox conditions. Hundreds of firefighters are battling blazes that have so far burned 3,100 hectares in the Bassin …
POSTED JULY 23, 2026 3:56 PM |
Federal Judge Casts Doubt on 69,000 Cases Alleging J&J Talc Caused Cancer
A federal judge cast doubt on July 22 on claims by approximately 69,000 people alleging that Johnson & Johnson’s JNJ.N baby powder and other talc products caused ovarian cancer, saying plaintiffs must provide more specific evidence or risk having their …
POSTED JULY 23, 2026 3:36 PM |
Hacker Breaches South Korean Database of Nearly All Diplomats
South Korea has been hit by a “significant” data leak that could affect all of its diplomats following a breach at a government-run training academy. A system that held roughly 10,000 records of current and retired diplomats is believed to …
POSTED JULY 23, 2026 3:32 PM |
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