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Japan Earthquake’s Insurance Claims May Top $1.1 Billion: Bloomberg Intelligence
Insurance claims from this week’s earthquake in Japan may top the 175 billion yen ($1.1 billion) average for the country’s six previous major tremors, Bloomberg Intelligence estimated.”We estimate industry-wide insurance claims could reach the low hundreds of billions of yen,” …
POSTED JULY 30, 2026 12:12 PM |
Drone Strike Near Suez Canal in Egypt Raises New Security Threat in Widening War
A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe export route for Saudi …
POSTED JULY 30, 2026 11:30 AM |
US Sanctions Iran’s ‘Extortion Network’ Over Hormuz Tolls
The US imposed sanctions on two Iranian companies that charge for safe passage through the Strait of Hormuz, an attempt to loosen Tehran’s grip on the vital waterway as hostilities between the countries resume. The Treasury Department on Wednesday announced …
POSTED JULY 30, 2026 11:01 AM |
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap
The U.S. Federal Trade Commission sued Hims & Hers on July 29 alleging the telehealth platform shared users’ health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices. Users’ sensitive health information was shared …
POSTED JULY 30, 2026 5:16 AM |
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market?
One theme that has come up repeatedly in conversations with reinsurance brokers recently is that achieving a good renewal outcome is no longer always enough to demonstrate value. That would have sounded like a strange concern a few years ago. …
POSTED JULY 30, 2026 5:10 AM |
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base
Insurtech Lemonade reported a second quarter 2026 net loss of about $43 million compared with a loss of about $44 million during the same time in 2025. Lemonade said its topline growth was positive, with 76% increase in year-over-year gross …
POSTED JULY 30, 2026 5:05 AM |
Florida’s Universal Basking in the Sunshine of Legislative Changes
Universal Property & Casualty Insurance Co., now Florida’s second-largest property insurer behind only State Farm Florida, continues to rebound from the dark days of Florida’s insurance crisis, with new policies, higher profits and an improved combined ratio. CEO Stephen Donaghy …
POSTED JULY 30, 2026 5:02 AM |
Travelers Expands Product Liability Product to California Life Sciences
Travelers is making its product liability insurance product for life sciences companies to California. The company’s Travelers Synergy has now rolled out in all 50 states. Travelers Synergy is designed to protect life sciences companies against product-related claims at any …
POSTED JULY 30, 2026 5:00 AM |
Trump Asks Supreme Court to Toss $83 Million Carroll Verdict
President Donald Trump asked the US Supreme Court to consider overturning an $83.3 million jury verdict against him in a defamation suit by the writer E. Jean Carroll, according to a copy of the petition reviewed by Bloomberg News. Trump …
POSTED JULY 30, 2026 5:00 AM |
6 in 10 New Jerseyans Want Regulations Around AI and Mental Health: Rutgers
Newswise — Nearly 6 in 10 New Jersey adults support regulating how artificial intelligence (AI) chatbots interact with users seeking mental health advice, according to a study conducted by the Eagleton Center for Public Interest Polling, home of the Rutgers-Eagleton …
POSTED JULY 30, 2026 5:00 AM |
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