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Allianz Commercial Transitions its Standalone Cyber Business to MGA Coalition
Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining …
POSTED MAY 06, 2026 3:25 PM |
Texas Mutual Board Approves $300M Dividend Distribution
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general …
POSTED MAY 06, 2026 3:13 PM |
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices
Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily …
POSTED MAY 06, 2026 3:06 PM |
Fire Destroys Lab Building on University of South Florida Campus
Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations …
POSTED MAY 06, 2026 2:50 PM |
Business Moves: Howden Acquires Cyber Analytics Firm Cybeta
Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight …
POSTED MAY 06, 2026 2:43 PM |
Florida’s Baldwin Group Brokerage Sees Small Q1 Loss After Busy Merger Year
One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. …
POSTED MAY 06, 2026 2:38 PM |
Pacific Hurricane Season Brings Higher Risk of Impacts for Hawaii, SoCal, Mexico
Exceptionally warm waters and a developing El Niño will increase the risk of direct hurricane impacts in Hawaii, Southern California and parts of Mexico this year, according to an AccuWeather analysis out on Wednesday. The forecast shows the Eastern and …
POSTED MAY 06, 2026 1:32 PM |
SEC Rule to End Biden-Era Climate Policy Sent to White House
The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies. The regulator sent the measure to the White House’s Office of Management and Budget for review on …
POSTED MAY 06, 2026 1:30 PM |
Pennsylvania Sues Character AI, Says Chatbot Poses as Doctors
Pennsylvania has sued the artificial intelligence company behind Character.AI to stop its chatbot from posing as doctors. Governor Josh Shapiro on Tuesday called the lawsuit against Character Technologies the first of its kind by a U.S. governor. It followed the …
POSTED MAY 06, 2026 1:27 PM |
Musk Agrees to Pay $1.5 Million Over SEC Twitter Stake Case
Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company. An Elon Musk revocable trust would …
POSTED MAY 06, 2026 12:21 PM |
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