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Insurer Mapfre Estimates Venezuela Quake Losses at €25 Million
Spanish insurer Mapfre said on Thursday that losses from the June 24 earthquakes in Venezuela would be up to €25 million ($28.5 million), after its first-half net profit grew 9.4% despite storm-related claims in Spain and Portugal and negative currency …
POSTED JULY 24, 2026 1:33 PM |
Munich Re Reports €2.2 Billion Profit on ‘Very Low’ Major Losses
Munich Re reported second-quarter proft that exceeded analyst estimates on “very low” major-loss expenditures in its property-casualty reinsurance business. Net income amounted to about €2.2 billion ($2.5 billion) in the three months through June, the Munich-based reinsurer said in a …
POSTED JULY 24, 2026 1:05 PM |
US and Allies Say Russian Hackers Stole Emails Without Social Engineering
The United States and more than a dozen allied nations said on Thursday that Russian hackers stole emails from users of the Zimbra email program without having to fool them into opening an attachment or clicking a link. The trick, …
POSTED JULY 24, 2026 12:43 PM |
US Strikes Iran From South to North After Trump Threats Over Red Sea Shipping
U.S. missiles struck targets across Iran, reaching as far as its Caspian coast, on Friday after President Donald Trump vowed “major military punishment” for Tehran and its Houthi allies in Yemen for extending the Middle East war to a second …
POSTED JULY 24, 2026 12:23 PM |
World Bank Estimates Quakes Cost Venezuela $20 Billion in Damage
The twin earthquakes that hit Venezuela last month may have caused $19.6 billion in physical damage to buildings and infrastructure, or about 18% of gross domestic product, according to a preliminary assessment by the World Bank. Almost half of the …
POSTED JULY 24, 2026 11:48 AM |
Russia’s Black Sea Waters Not Safe for Ships Amid Attacks, Moscow Warns
Moscow warned that it is unsafe to navigate in its Black Sea waters after Ukraine has been ramping up attacks on Russia-linked ships in the area. The warning was addressed to all vessels in Russia’s exclusive economic zone in the …
POSTED JULY 24, 2026 11:08 AM |
Allianz to Buy HSBC’s Singapore Insurer in $2.1 Billion Deal
Allianz SE agreed to buy HSBC Holdings Plc’s Singapore insurance unit for S$2.7 billion ($2.1 billion), marking a substantial expansion less than two years after another deal in the city-state fell apart. The two firms also agreed to enter a …
POSTED JULY 24, 2026 10:51 AM |
Liberty Mutual Introduces Its Newest Brand Character: Liberty Biberty
Liberty Mutual Insurance has introduced its first new brand character in eight years: Liberty Biberty, the embodiment of the warm, fuzzy feeling you get when you have great coverage at a great price. Liberty Mutual first introduced the phrase “Liberty …
POSTED JULY 24, 2026 5:16 AM |
Can Captive’s Hands-On Vetting of Bars Provide Answer to SC Liquor Liability Crisis?
For almost eight years now, South Carolina bars, restaurants and music venues have faced a sobering situation brought on by a 2018 state law that requires at least $1 million in liquor liability coverage: Pay unaffordable premiums or shut their …
POSTED JULY 24, 2026 5:02 AM |
Florida Teen Suing Meta Over Mental Health Harm Drops Claims Days Before Trial
A Florida teen dropped his lawsuit on Wednesday against Meta Platforms META.O, canceling a Los Angeles trial over claims the social media company’s apps caused his depression and anxiety. The trial, which had been slated to begin on Monday, was …
POSTED JULY 24, 2026 5:01 AM |
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