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Mapfre Acquires Stake in Insurtech Tuio; Bolsters Commitment to AI, Digital Innovation
Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain’s Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish insurtech Tuio. The Tuio stake strengthens Mapfre’s commitment …
POSTED JULY 31, 2026 8:41 AM |
State Farm to Begin Issuing Dividend Payments to Louisiana Drivers
State Farm Mutual Auto will soon begin issuing $136 million in dividends to Louisiana drivers. The carrier informed the Louisiana Department of Insurance that eligible customers will receive an email between early August and early September asking them to select …
POSTED JULY 31, 2026 7:00 AM |
Texas Ban on Several THC Products Goes Into Effect
Texans’ access to a variety of hemp-derived THC products will significantly narrow on Friday. Texas will ban several hemp-derived THC cannabis products, including those containing delta-8 and delta-10 THC variants, punishing people in possession of them with jail time and …
POSTED JULY 31, 2026 7:00 AM |
Musk’s xAI Sues Minnesota Over Ban on Nudification Technology
Elon Musk’s company xAI has sued Minnesota over the state’s first-in-the-nation law that bans “nudification” technology on websites and apps, potentially providing a test for how far states can go in constitutionally regulating the use of artificial intelligence. Musk’s company …
POSTED JULY 31, 2026 7:00 AM |
CBIZ to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal
Grant Thornton’s US arm has agreed to buy rival CBIZ Inc. in a deal that could reach $5 billion, making it one of the largest professional services acquisitions in recent years. After the deal closes in the fourth quarter this …
POSTED JULY 31, 2026 5:22 AM |
Cyber Firm Wiz Says Flaw Could Have Exposed Thousands of Microsoft Cloud Customers
Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …
POSTED JULY 31, 2026 5:14 AM |
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
POSTED JULY 31, 2026 5:10 AM |
US Diners Avoid Restaurants as Cyclosporiasis Fears Cut Lettuce Sales
U.S. consumers are steering clear of some restaurant chains and buying less lettuce in grocery stores as a multistate outbreak of a parasitic disease fuels confusion over what is safe to eat, according to foot traffic data and industry sources. …
POSTED JULY 31, 2026 5:10 AM |
Edison Says Its Equipment Likely Associated With 2025 LA Fire
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
POSTED JULY 31, 2026 5:00 AM |
Insurer Says Virginia Law Blocks Payment of $10M Punitive Damages for ‘Intentional’ Acts
Twin City Fire Insurance Co. says it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be intentional. The employer, Society for Human …
POSTED JULY 31, 2026 5:00 AM |
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