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EU Tweaks Antitrust Rulebook to Help Boost Bloc’s ‘Resilience’
The European Commission unveiled plans to give firms enjoying market dominance more leeway if they help boost the bloc’s “resilience,” as supply chains come under increased pressure from overseas threats. As part of a review of guidelines on the application …
POSTED SEPTEMBER 04, 2026 4:45 AM |
France Declares Fifth Heat Wave After Hottest Summer Ever
France is bracing for its fifth heat wave this year after the hottest summer in its history ravaged forests, hurt the tourism season and destroyed crops in Europe’s top agriculture producer. The new heat wave is due to start on …
POSTED SEPTEMBER 04, 2026 4:07 AM |
World Insurance Acquires New Jersey’s Pellechio Family Agency
World Insurance Associates announced it acquired the business of Pellechio Family Agency of Parsippany, New Jersey on May 1, 2026. The Pellechio agency was founded in 2107. It offers commercial and personal insurance. Terms of the transaction were not disclosed. …
POSTED SEPTEMBER 03, 2026 7:30 PM |
Business Moves: Oneglobal Broking Acquires LATAM Reinsurance Brokers
Oneglobal Broking, the London-based international insurance and reinsurance broker, has acquired LATAM Reinsurance Brokers Corp., an independent reinsurance broker headquartered in Panama City, Panama. Financial details of the deal were not disclosed. The acquisition marks a further milestone in Oneglobal’s …
POSTED SEPTEMBER 03, 2026 4:29 PM |
People Moves: Pharmacists Mutual Names Shaw as VP and Head of Claims
Pharmacists Mutual Insurance Group announces that Sharon Duez Shaw has been named Vice President and Head of Claims. Shaw joined the organization on August 31, 2026, as part of a planned leadership transition from Peter Lambert, Senior Vice President, who …
POSTED SEPTEMBER 03, 2026 4:18 PM |
Tesla Readies Cybercab Launch Event That’s Shrouded in Mystery
In late 2024, Elon Musk took the stage on a Hollywood studio lot to unveil the Cybercab, a vehicle with no steering wheel or foot pedals that he promised would revolutionize car travel across the country. Almost two years later, …
POSTED SEPTEMBER 03, 2026 4:15 PM |
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention
Lockton Insurance is among companies named in the NBA’s investigation into the Los Angeles Clippers’ circumvention of league salary cap rules to sign star Kawhi Leonard. Leonard and his then-business partner, Dennis Robertson, violated the league’s circumvention rules by pressuring …
POSTED SEPTEMBER 03, 2026 3:43 PM |
Santam Drops US Investment as Property-Rate Dip Damps Outlook
Santam Ltd. has paused its foray into the US as a decline in property premium rates in the world’s biggest economy forced South Africa’s largest general insurer to rethink its expansion plan. It discontinued investments into Avatar Holdings, a London-based …
POSTED SEPTEMBER 03, 2026 3:13 PM |
Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files
A unit of Thomson Reuters detected a cybersecurity incident in 11 U.S. states, the U.S. Virgin Islands and Canada on June 30 involving the company’s C-Track case management platform, according to a notice from the company on Wednesday and a …
POSTED SEPTEMBER 03, 2026 2:52 PM |
Trump Says Iran Strikes to Be Short, Asserts Hormuz Control
President Donald Trump said renewed attacks on Iran would likely be short-lived, reiterating his claim that the US controls the crucial Strait of Hormuz after fresh fighting spiked energy prices and rekindled fears of an open-ended war. Asked on Wednesday …
POSTED SEPTEMBER 03, 2026 2:23 PM |
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