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Japan’s Tokio Marine Eyes Insurer Suncorp as Preferred Takeover Target, FT Reports
Japanese insurer Tokio Marine has identified Australian insurer Suncorp as a preferred takeover target after reviewing several potential options, the Financial Times reported on Tuesday, citing people familiar with the matter. Tokio Marine reviewed several takeover targets over the past …
POSTED AUGUST 25, 2026 9:56 AM |
Markets/Coverages: Classic Car Insurer OpenRoad Expands to 40 States
OpenRoad Insurance, a provider of specialized insurance for classic and collector vehicles and related coverages, said it is now licensed in 40 U.S. states, up from 35 since March. OpenRoad launched two years ago. The latest states added to OpenRoad …
POSTED AUGUST 25, 2026 5:49 AM |
Nuclear Verdicts Go Boom, Increase 40.7% in 2025
So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least …
POSTED AUGUST 25, 2026 5:09 AM |
Kentucky High Court Recalculates Employer Attorney Fees, Recovery in Subrogation
A preschool’s insurance carrier is partly obligated to defend a child abuse negligence suit, despite alleged criminal acts. And an employer’s share of attorney fees must be deducted from the amount available from subrogation—not from the full settlement amount in …
POSTED AUGUST 25, 2026 5:02 AM |
Harvard to Pay $53 Million Settlement Over Body Parts Sold by Former Morgue Manager
Harvard Medical School says it agreed to pay $53 million to settle class action lawsuits by relatives of body donors whose remains were sold on the black market by its former morgue manager. Harvard Medical School Deans George Q. Daley …
POSTED AUGUST 25, 2026 5:00 AM |
Judge Approves $117.5 Million Settlement in ‘Complex’ Comcast Data Breach Case
A federal judge has approved a $117.5 million data breach settlement against Comcast Cable Communications. The agreement represents one of the largest data breach settlement amounts and, with 31.7 million potential members, one of the largest classes in a data …
POSTED AUGUST 25, 2026 5:00 AM |
Los Angeles Faces Days of 100F Heat as Southwest Fire Risk Grows
Los Angeles is bracing for a lengthy heat wave as the weather system that’s cooked Texas expands westward and begins stripping moisture from Southern California’s terrain. Heat alerts stretch from Santa Barbara along California’s central coast to the U.S.-Mexico border …
POSTED AUGUST 24, 2026 9:24 PM |
AM Best Upgrades Credit Ratings of Arkansas’ Kinsale
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” (Excellent) from “a” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of Kinsale Insurance Company (Kinsale) based in Little Rock, Arkansas. The outlook of …
POSTED AUGUST 24, 2026 4:33 PM |
People Moves: TDI Names Kranes as Deputy Commissioner of Strategy and Performance
The Texas Department of Insurance (TDI) announced Michelle Kranes as deputy commissioner of the Strategy and Performance Division on August 17. Kranes will oversee the division that supports TDI’s strategic planning, performance and risk management, and process improvement through technology, …
POSTED AUGUST 24, 2026 4:29 PM |
Alfalfa Sprouts Linked to Food Poisoning in Minnesota and Wisconsin
Minnesota health officials are warning consumers not to eat certain brands of alfalfa sprouts that have been tied to an unusual outbreak involving different disease-causing bacteria. Officials say 23 people in Minnesota have become ill with either E. coli or …
POSTED AUGUST 24, 2026 4:24 PM |
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