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AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’
Ratings analysts at AM Best see the pending acquisition of Safety Insurance Group by Mapfre as “strategically compelling” as both companies have complementary geographic and product profiles. Last week Safety, a property/casualty insurer in Massachusetts and New England, announced it …
POSTED JULY 28, 2026 1:34 PM |
Powerful Quake Hits Southern Japan, Deaths Feared in Shopping Mall Blast
A 7.1-magnitude earthquake hit Japan’s southern Kumamoto prefecture on Tuesday, knocking out power to thousands of homes, rupturing roads and leaving some trapped and others presumed dead inside a partially collapsed shopping mall. Speaking to reporters in Tokyo, Japanese Prime …
POSTED JULY 28, 2026 1:15 PM |
eBay Settles Massachusetts Couple’s Harassment, Stalking Claims for $55.7 Million
After six years of civil and criminal charges and proceedings, online shopping company eBay and several former executives will pay a total of $55.7 million to settle claims over a relentless cyberstalking and harassment campaign targeting a Massachusetts couple. In …
POSTED JULY 28, 2026 12:44 PM |
Australia’s Origin Energy Says About 900,000 Customers’ Data Accessed in Breach
About 900,000 current and former Origin Energy Ltd. customers had their data accessed in a security breach, the latest in a string of cyberattacks on major Australian companies and essential-service providers. It began examining a possible threat in early July, …
POSTED JULY 28, 2026 12:04 PM |
Google Rivals Line Up Seeking Damages After Record $1 Billion EU Fine
A decades-long crackdown on Google’s business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to a wave of private lawsuits demanding up …
POSTED JULY 28, 2026 11:22 AM |
Tankers Divert to Egypt as Houthi Threat Upends Red Sea Trade
Empty supertankers are heading to Egypt’s Mediterranean port of Sidi Kerir to collect Saudi crude as observable traffic at the kingdom’s key Red Sea export hub dwindles following threats from Houthi militants. At least eight very large crude carriers are …
POSTED JULY 28, 2026 10:25 AM |
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban
Zurich Insurance Group AG let go of more than 12 employees amid enforcement proceedings by the Swiss regulator Finma, Chief Executive Officer Mario Greco said. The regulator also imposed a sales ban on some policies in Zurich’s corporate life and …
POSTED JULY 28, 2026 10:00 AM |
AI Finding Twice as Many Cyber Flaws in 2026 as It Did in 2025
The number of software security flaws discovered in popular technology products in 2026 is on pace to roughly double the tally of vulnerabilities that surfaced in 2025, an explosion driven by increasingly capable artificial intelligence systems. The US National Vulnerabilities …
POSTED JULY 28, 2026 5:22 AM |
EPA Says Power for Data Centers Can Sidestep Pollution Laws
Power sources providing electricity only to data centers and not the public grid may not be subject to federal pollution laws, the U.S. Environmental Protection Agency said July 27. The EPA said if the power plants are not supplying electricity …
POSTED JULY 28, 2026 5:17 AM |
NHTSA Rejects Petition Seeking Tesla Door-Release Defect Probe
The U.S. National Highway Traffic Safety Administration has denied a petition seeking a defect investigation into the emergency mechanical door release on about 180,000 Tesla Model 3 vehicles. NHTSA said the petition did not present evidence of a likely safety-related …
POSTED JULY 28, 2026 5:07 AM |
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