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Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says
South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and …
POSTED SEPTEMBER 03, 2026 8:07 AM |
Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies
Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …
POSTED SEPTEMBER 03, 2026 6:53 AM |
Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids
The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The …
POSTED SEPTEMBER 03, 2026 5:44 AM |
US Government Backs OpenAI in New York Times Copyright Case
The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times NYT.N and other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training generally …
POSTED SEPTEMBER 03, 2026 5:16 AM |
Viewpoint: Commercial P/C Talent Gap 5 Years On—Are We Asking the Right Question
For more than four decades, I have worked across the commercial property/casualty insurance ecosystem. Over those years, I have watched our industry attract people, develop underwriters, transfer knowledge, promote talent, lose experienced practitioners, and adapt as the way we work …
POSTED SEPTEMBER 03, 2026 5:11 AM |
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec
A Florida judge this week effectively dismissed a lawsuit brought by private equity firms who charged that Lighthouse Property Insurance executives misled investors about the extent of losses from Hurricane Ida in 2021. By entering into a 2021 note purchase …
POSTED SEPTEMBER 03, 2026 5:02 AM |
Judge Strikes Down New York Plan to Charge Fossil-Fuel Firms $75B for Climate Damages
New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state’s responsibility and …
POSTED SEPTEMBER 03, 2026 5:00 AM |
Insurance Again Dominates Number of Complaints to Oregon Consumer Advocates
Insurance continued to be the biggest generator of complaints to the Oregon Division of Financial Regulation, according to the division, which reported it recovered $3.88 million through the first six months of 2026. Insurance produced the majority of complaints filed …
POSTED SEPTEMBER 03, 2026 5:00 AM |
Starbucks Dress Code Didn’t Violate NYC Workers’ Labor Rights, US Court Rules
A U.S. appeals court on Wednesday reversed a federal labor board ruling that said Starbucks broke the law by barring workers at a flagship Manhattan store with a “steampunk hipster vibe” from wearing t-shirts or multiple pins supporting a union. …
POSTED SEPTEMBER 03, 2026 5:00 AM |
Amwins Acquires Firearms Insurance Specialist Joseph Chiarello & Co.
Specialty insurance wholesale broker Amwins reports it has acquired Joseph Chiarello & Co., Inc., a managing general agent (MGA) specializing in commercial insurance for the firearms industry. Terms of the deal were not disclosed. Chiarello will join Amwins Underwriting, adding …
POSTED SEPTEMBER 02, 2026 7:30 PM |
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