Insurance products and industry updates
A prominent tailor is pursuing over £550,000 in damages from a wine cooler supplier for alleged failures that damaged his rare collection.
Hartford's Q2 profit jumped 31% to $1.29 billion, fueled by a tax benefit and a 22% increase in investment income, signaling strong market performance.
The European Union has imposed an €890 million fine on Google for favoring its services and limiting competition in its app store.
A recent cyclone in Sicily caused $1.1 billion in damages, revealing significant gaps in mandatory insurance for affected businesses.
Global commercial insurance rates have dropped 6% in Q2 2026, reflecting heightened competition driven by surplus capital.
Albany's audit intervention prevented a $2.2 million overpayment to its health insurer, revealing multiple billing errors and cost-saving opportunities.
A Tennessee judge mandated that a private prison operator must authorize a psychological evaluation and potential spinal cord stimulator treatment for an injured worker.
The Tennessee Workers’ Compensation Appeals Board has ordered Capstone Logistics to cover lumbar fusion surgery for an employee injured at work, while denying additional disability benefits.
M&A transactions in the insurance brokerage sector fell 15% in the first half of 2026, marking the lowest volume since 2016 and highlighting market shifts.
Marsh's second-quarter revenue rose to $7.40 billion, buoyed by strategic investments in new business and AI, despite ongoing pricing challenges in property insurance.
Arthur J. Gallagher's Risk Placement Services has acquired W.N. Tuscano Agency, bolstering its presence in Pennsylvania's wholesale insurance market.
Yemen's Houthi rebels impose a maritime embargo on Saudi Arabia, blocking the Bab al-Mandeb Strait in response to regional tensions.
AliExpress has been fined €550 million by the European Union for failing to manage illegal product sales on its platform effectively.
The Hong Kong government plans to take over the rights to a $255 million fire insurance claim related to the Wang Fuk Court tragedy.
A federal judge approved Meta's layoffs scheduled for July, rejecting claims that AI tools unfairly targeted disabled employees for job cuts.
An Alabama court ruling underscores that employers don't need to fund medical second opinions before confirming a worker's compensation claim.
A D.C. appeals court rules that a widow must contest the denial of enhanced line-of-duty benefits in trial court following her husband's death.
David Gansberg will become CEO of Vantage Group Holdings by June 2027, succeeding Greg Hendrick, who will remain until then.
Liberty Mutual and Qwest have settled a legal dispute regarding liability for the devastating 2021 Colorado wildfire, wrapping up their claims in court.
SiriusPoint appoints Emily Yoo as COO, signaling a focus on operational efficiency and technology amidst a competitive insurance market.