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Tag: insurance-journal

Brown & Brown’s Profit Climbs on Fee and Commission Growth
Insurance Journal | July 30, 2025
Brown & Brown’s Profit Climbs on Fee and Commission Growth
Brown & Brown (BRO.N) posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull back in …
Derechos: An Uncommon And Destructive Weather Event
Insurance Journal | July 30, 2025
Derechos: An Uncommon And Destructive Weather Event
Prolonged wind events that unleash heavy rainfall and travel far distances sometimes qualify as derechos. Derechos can happen almost anywhere in the United States but are most common in the central and eastern regions of the country. Winds typically gust …
Palo Alto Networks Reaches $25 Billion Deal for CyberArk
Insurance Journal | July 30, 2025
Palo Alto Networks Reaches $25 Billion Deal for CyberArk
Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. Palo Alto will pay CyberArk investors $45 per share and 2.2005 shares of Palo Alto stock, according …
Fermi National Accelerator Laboratory Hit in Cyberattack Targeting SharePoint
Insurance Journal | July 30, 2025
Fermi National Accelerator Laboratory Hit in Cyberattack Targeting SharePoint
The Fermi National Accelerator Laboratory, one of the Department of Energy’s 17 national labs, was attacked by hackers as part of a recent campaign seeking to exploit flaws in Microsoft Corp.’s SharePoint software. “Attackers did attempt to access Fermilab’s SharePoint …
‘New Normal’ Sets in as Pace of Insurance Agency M&A Becomes Clear
Insurance Journal | July 30, 2025
‘New Normal’ Sets in as Pace of Insurance Agency M&A Becomes Clear
Insurance agency mergers and acquisitions during the second quarter 2025 were up 11% over the prior quarter, but M&A activity for the first half of the year is down 8% compared to last year, according to investment banking and financial …
Air India Audit Finds 51 Safety Lapses, From Unapproved Simulators to Training Gaps
Insurance Journal | July 30, 2025
Air India Audit Finds 51 Safety Lapses, From Unapproved Simulators to Training Gaps
India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. The …
Texas Auto Insurer for Residual Market Approved for Rate Increase
Insurance Journal | July 30, 2025
Texas Auto Insurer for Residual Market Approved for Rate Increase
The Texas Department of Insurance (TDI) said in a bulletin this month that it has approved private passenger and commercial auto rate increases for the Texas Automobile Insurance Plan Association (TAIPA), the state’s residual market for auto insurance. Private passenger …
Shanghai Evacuates 280,000 Residents as Tropical Storm Nears
Insurance Journal | July 30, 2025
Shanghai Evacuates 280,000 Residents as Tropical Storm Nears
Shanghai has evacuated around 280,000 people and canceled flights as a tropical storm nears China’s financial hub, bringing strong winds and heavy rainfall that threatens flash flooding. Storm Co-may — known locally as Zhu Jie Cao — is expected to …
Bridgepoint to Buy Majority Stake in German Insurance Broker HBC
Insurance Journal | July 30, 2025
Bridgepoint to Buy Majority Stake in German Insurance Broker HBC
Bridgepoint Group Plc agreed to acquire a majority stake in German insurance broker Hanseatic Broking Center GmbH from Preservation Capital Partners. The transaction sees Bridgepoint partner with HBC’s management team and founders, who will remain significantly invested, according to a …
Waymo to Launch Autonomous Ride-Hailing in Dallas in 2026
Insurance Journal | July 30, 2025
Waymo to Launch Autonomous Ride-Hailing in Dallas in 2026
Alphabet’s GOOGL.O Waymo said on Monday it will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its U.S. expansion as electric vehicle maker Tesla TSLA.O pushes to grow its recently launched robotaxi business. After years of cautious …