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Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain’s Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish insurtech Tuio. The Tuio stake strengthens Mapfre’s commitment …

State Farm Mutual Auto will soon begin issuing $136 million in dividends to Louisiana drivers. The carrier informed the Louisiana Department of Insurance that eligible customers will receive an email between early August and early September asking them to select …

Texans’ access to a variety of hemp-derived THC products will significantly narrow on Friday. Texas will ban several hemp-derived THC cannabis products, including those containing delta-8 and delta-10 THC variants, punishing people in possession of them with jail time and …

Elon Musk’s company xAI has sued Minnesota over the state’s first-in-the-nation law that bans “nudification” technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating the use of artificial intelligence. Musk’s company …

Grant Thornton’s US arm has agreed to buy rival CBIZ Inc. in a deal that could reach $5 billion, making it one of the largest professional services acquisitions in recent years. After the deal closes in the fourth quarter this …

Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …

Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …

U.S. consumers are steering clear of some restaurant chains and buying less lettuce in grocery stores as a multistate outbreak of a parasitic disease fuels confusion over what is safe to eat, according to foot traffic data and industry sources. …

Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …

Twin City Fire Insurance Co. said it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be intentional. The employer, Society for Human …

UCA General Insurance Services Inc., promoted Vijayalakshmi Balakrishnan to vice president, controller. Balakrishnan joined UCA’s accounting team in 2022. In her new capacity, she leads the accounting department and joins the company’s management team. She previously served as an accountant …

AM Best has revised the outlooks to stable from negative of the companies collectively referred to as Mid-Hudson Group (MHG) and domiciled in Montgomery, New York. At the same time, the ratings agency affirmed the Financial Strength Rating of B+ …

The U.S. Department of Labor has obtained a consent judgment requiring the owner of four Michigan Leo’s Coney Island franchises in Clarkston, Dearborn, Livonia, and Sterling Heights to pay more than $500,000 in owed overtime wages and damages to 143 …

Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …

A severe-diarrhea-inducing parasite has now infected more than 10,000 people in Michigan, the epicenter of an outbreak that’s been reported in 45 states in the US since May. Michigan Health and Human Services said Wednesday that it has 10,077 cases …

Third Wave Insurance, an insurance brokerage platform managed by TPG, has entered into definitive agreements to acquire five insurance and advisory agencies across Louisiana, Mississippi and Florida. The acquisitions include Massad Olinde, a Baton Rouge-based employee benefits and retirement advisory …

Corpus Christi got “tremendous” news Monday when the city’s projected water emergency was delayed until fall 2028 — a year later than previously anticipated — as floodwater from recent intense storms continues flowing into some of the region’s reservoirs. Water …

Los Angeles isn’t the first place people think of as sultry in summer. But an unusually warm Pacific Ocean is pushing humidity to uncommon levels in a region better known for dry heat. A marine heat wave stretching across the …

First responders searched homes and buildings on Tuesday for possible victims, a day after a powerful tornado touched down in northeastern Wisconsin, hollowing out homes and toppling power lines as it remained on the ground for more than 20 minutes. …

Acies MGU Launches Ports & Terminals MGA TEDmar International Acies MGU, the managing general underwriter and Lloyd’s coverholder, announced the launch of TEDmar International, a managing general agent that specializes in ports & terminals (P&T), led by marine market experts, …