Allianz SE is in advanced talks to buy Caravela Seguros after submitting an offer for the Portuguese insurer, according to people familiar with the matter. Allianz is currently discussing a potential acquisition of Caravela Seguros with company shareholders, said the …

Year over year, average U.S. commercial premium renewals for May increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, and umbrella saw a decrease, while commercial …

Vantage Group Holdings Ltd., the Bermuda-based specialty re/insurer, announced it has been successfully acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The all-cash acquisition of Vantage anchors HHH’s strategy to transform itself into a diversified holding company, …

The first officer on a United Airlines Holdings Inc. plane that struck a light pole while landing at Newark Liberty International Airport last month told safety investigators that he warned his captain that the aircraft was “slow and a little …

A bipartisan pair of U.S. House lawmakers released draft legislation on Thursday that would prohibit states from regulating the development of artificial intelligence models, a move praised by tech firms but criticized by consumer rights advocacy groups. The draft legislation, …

The moment a cyber incident hits, the nature of the insurance relationship becomes clear. A policy is only as valuable as the team behind it, and the right claims partner can make an otherwise stressful situation manageable, guiding your client …

The Independent Insurance Agents & Brokers of America (the Big “I”) said it launched its new TrustedChoice.com agency locator to help consumers find and connect with local independent agents. Available to all Big “I” member agencies, the all-new agency locator …

International Business Machines Corp. and AT&T Inc.’s computer systems were repeatedly breached by foreign hackers, and the companies concealed those intrusions from the US government in violation of the law, according to a lawsuit from a former IBM cybersecurity official. …

Delos Appoints Schween CTO Delos Insurance Solutions has appointed Brian Schween to the role of chief technology officer. Schween has extensive technology experience in the insurance industry, having had several C-level roles in a variety of organizations. Currently operating in …

Spotlight PA and two other news organizations are suing leaders of the Penn State Board of Trustees in federal court, accusing them of violating the First Amendment by controlling what individual trustees can say to the public and the press. …

A commercial bus crash in Virginia that killed five people and injured dozens of others has raised questions about the driver, the company that employed him and the overall safety of the industry. It’s not yet clear what could have …

British gambling company Betfair is fighting a landmark London lawsuit that could determine whether betting companies owe a duty of care to problem gamblers, in a case that opened on Thursday and is being closely watched by the industry. The …

A federal judge agreed Monday to postpone a civil trial over the 2024 collapse of Baltimore’s Francis Scott Key Bridge after a flurry of last-minute settlements resolved most of the remaining claims. U.S. District Judge James Bredar expressed frustration about …

Florida gubernatorial candidate Paul Renner, a former speaker of the Florida House, wants to eliminate the premium tax on residential property, part of his plan to reduce homeowners’ insurance costs. The plan, which also includes tweaks to the Florida Hurricane …

Delaware is under a statewide drought watch for the second time in three years due to a steep decline in precipitation levels. Officials are most worried about Kent and Sussex Counties. Governor Matt Meyer declared the drought watch after receiving …

Ohio Attorney General Dave Yost is suing a Mahoning Valley contractor who allegedly performed substandard home-improvement work or failed to complete the upgrades after accepting large down payments from customers. “This contractor pocketed down payments only to abandon the projects,” …

While US farmers brace for higher fertilizer and chemical bills tied to turmoil in the Middle East, another expense is already taking a bite out of razor-thin margins: diesel fuel. Prices for the fuel that powers tractors, combines and grain …

A bitterly divided Corpus Christi City Council voted early Wednesday morning to delay a decision on reviving an almost billion-dollar water plant it had rejected nine months earlier. The 7-2 vote came at 2:20 a.m., almost 15 hours into a …

A Justice Department indictment against the Southern Poverty Law Center is part of a “top-down” campaign of retribution against President Donald Trump’s perceived political enemies and constitutes a vindictive prosecution that must be dismissed, lawyers for the nonprofit argued Tuesday …

A deadly cattle parasite was confirmed in the US for the first time in nearly a decade, posing the latest threat to a US herd already at its lowest level in 75 years. The US Department of Agriculture confirmed late …