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UK Car Insurer First Central Is Said to Tap Banks for London IPO
First Central Group Ltd., the UK vehicle and home insurer, has appointed investment banks as it prepares for a potential initial public offering in London, according to people familiar with the matter. The company has lined up Deutsche Bank AG …
POSTED MARCH 26, 2026 11:07 AM |
Britain to Intercept Russian ‘Shadow Fleet’ Ships in UK Waters
The UK will interdict and board Russian “shadow fleet” vessels in its waters, increasing European pressure on Moscow over tankers exporting sanctioned crude in transactions that help fund the Kremlin’s war on Ukraine. Prime Minister Keir Starmer’s office said the …
POSTED MARCH 26, 2026 10:49 AM |
Uber, Autonomous Mobility Firms to Launch Europe’s First Commercial Robotaxis
Uber Technologies and autonomous mobility companies Verne and Pony.ai have partnered up to launch Europe’s first commercial robotaxi service in the Croatian capital Zagreb, with plans to expand to other cities, they said on Thursday. Robotaxis are rapidly expanding into …
POSTED MARCH 26, 2026 10:20 AM |
Iran Is Reviewing US Ceasefire Plan but Denies Talks; Trump Says Tehran Wants Deal
U.S. President Donald Trump said Iran was desperate to make a deal to end nearly four weeks of fighting, contradicting the Iranian foreign minister who said his country was reviewing a U.S. proposal but had no intention of holding talks …
POSTED MARCH 26, 2026 9:47 AM |
Rich Britons Reap Biggest Benefits From UK State Flood Program
It’s not how the program was supposed to work. But thanks to a legal anachronism, Britain’s state-backed plan intended to help those most exposed to flooding has ended up favoring the country’s richest property owners. Economists at the Bank of …
POSTED MARCH 26, 2026 9:08 AM |
Iran Is Drafting Law to Introduce Tolls for Hormuz Transit
The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency. Fars, citing an unnamed lawmaker, said the plan would …
POSTED MARCH 26, 2026 8:59 AM |
Viewpoint: Insurance Broker Valuations – The Elephant in the Room
While insurance broker valuations remained resilient in 2025, essentially staying near all‑time highs, the elephant in the room—Brown & Brown (NYSE: BRO)—has received little attention. From a valuation perspective, what happened with Brown & Brown? After the brokerage’s value surged …
POSTED MARCH 26, 2026 5:26 AM |
P/C Underwriting Income Up $40B in 2025, Says Verisk and APCIA
Verisk and the American Property Casualty Insurance Association released preliminary 2025 underwriting results for the property/casualty industry, with a $40 billion increase over the prior year. For private U.S. P/C insurers, the underwriting gain for 2025 was $63 million compared …
POSTED MARCH 26, 2026 5:16 AM |
High Levels of Cancer-Causing Benzene in European Cooking Gas, Study Finds
Domestic gas supply in several European cities contains high levels of benzene, an odorless substance that can cause cancer, according to research released on Wednesday. Gas samples taken in UK homes contained 37 times more benzene than North American gas, …
POSTED MARCH 26, 2026 5:15 AM |
After 62 Years, Florida Appeals Court Drops the Expert Witness Rule on Attorney Fees
Just over three years ago, Florida lawmakers effectively ended one-way attorney fees, disincentivizing much of the costly property insurance claims litigation that had plagued the industry. Last week, a Florida appeals court issued what it called a “sea change” and …
POSTED MARCH 26, 2026 5:01 AM |
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