Amazon on Thursday lost its latest bid to try to throw out two mass lawsuits from retailers and consumers worth up to 4 billion pounds ($5.41 billion) for allegedly abusing its dominant position. Andreas Stephan, a competition law academic, brought one of the cases on behalf of over 200,000 third-party retailers, worth up to 2.7 billion pounds. His lawyers allege that Amazon manipulates the “Buy Box” feature on its website to its own advantage and favors products that use Amazon’s own logistics centers and delivery network. Read more: Amazon Faces UK Lawsuits Worth Up to $5.4 Billion From Retailers, Consumers…
Author: Awais
Ford Motor Thursday it is recalling 4.3 million pickup trucks and SUVs in the U.S. because a software error may cause trailer brakes not to function and exterior lights to fail. The U.S. automaker said the recall covers the 2021 through 2026 F-150, 2022-2026 F-250 SD, Lincoln Navigator, Expedition, Maverick along with some Ranger and E-Transit vehicles. When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal lights, or a loss of brake function. Ford will address the issue with an over-the-air software update. The National Highway…
“We are pleased to welcome Lewis Insurance to the King family,” said Scott Popilek, CEO of King Risk Partners. “Their longstanding reputation, industry experience, and commitment to client relationships align closely with the values that guide our organization. This addition strengthens our presence in Georgia and supports our ability to provide locally focused service, supported by the added resources and capabilities of King Risk Partners.”
Texas said Vanguard Group Inc. agreed to pay a total of $29.5 million to settle a lawsuit brought by a dozen states that accused the asset manager of colluding to manipulate the energy market and reduce coal output. As part of the deal, Vanguard also will “avoid imposing ESG goals over its customers’ profitability,” according to a statement by Texas Attorney General Ken Paxton’s Office. A court filing Thursday showed Vanguard was dismissed as a defendant in the lawsuit. Vanguard said in a statement that the decision to settle “allows us to put this distraction behind us and focus on…
“We are pleased to welcome Lewis Insurance to the King family,” said Scott Popilek, CEO of King Risk Partners. “Their longstanding reputation, industry experience, and commitment to client relationships align closely with the values that guide our organization. This addition strengthens our presence in Georgia and supports our ability to provide locally focused service, supported by the added resources and capabilities of King Risk Partners.”
The funds would be a fraction of the $11.8 billion in Medicaid funding the state receives from the federal government. The Trump administration said the action was part of a broader crackdown on fraud in federal healthcare programs.
State Farm reported an underwriting gain of $1.5 billion for its property/casualty businesses in 2025, representing a turnaround from an underwriting loss of more than $6 billion in 2024—and more than $10 billion of underwriting losses in each of the two prior years. While the overall return to profitability prompted State Farm to announce a $5 billion payout of dividends to policyholders, the giant personal lines insurer’s homeowners underwriting results were still written in red ink. Related: State Farm Mutual to Pay $5B Dividend to Auto Insurance Customers State Farm’s auto underwriting results drove the overall improvement. With auto earned…
In 2026, American Integrity Insurance feels that renewed flexibility in the catastrophe bond market and attractive pricing environment is creating good opportunities for the company, with its senior executives citing the ability to attach reinsurance cover lower down and the return of some cascading features.Readers will be aware that American Integrity has been in the catastrophe bond market over the last few weeks, successfully pricing a new new Integrity Re III Ltd. (Series 2026-1) issuance to provide the insurer with $260 million of named storm reinsurance limit. As we’d highlighted in our coverage, the company secured the cat bond issuance…
Last month, Justin and Amy Miller packed their vehicles with three kids, two dogs, a pet bearded dragon, and whatever belongings they could fit, then drove 2,000 miles from Wisconsin to British Columbia to leave President Donald Trump’s America. The Millers resettled on Vancouver Island, their scenic refuge accessible only by ferry or plane. Justin went to work in the emergency room at Nanaimo Regional General Hospital, where he became one of at least 20 U.S.-trained nurses hired since April. Fear of Trump, some of the nurses said, was why they left. “There are so many like-minded people out there,”…
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Fidelis Insurance Holdings Limited has announced plans to rebrand as Pelagos Insurance Capital Limited and begin trading under the ticker PLGO on the New York Stock Exchange in May 2026, subject to regulatory, legal and shareholder approvals, as it looks to build on sharply improved underwriting and profitability metrics.
Lumen Re’s, successful sponsorship of its first Rule 144A catastrophe bond, the $175 million Photon Re Ltd. (Series 2026-1) issuance, represents a natural evolution of the firm’s risk‑transfer strategy, and marks an important strengthening of its overall risk framework, CUO Klaus Sapelza said today.As we’ve been reporting, Lumen Re, the main reinsurance underwriting entity of LGT ILS Partners, successfully priced its debut catastrophe bond issuance earlier this week, with the Photon Re Series 2026-1 cat bond growing from its initial $125 million target of multi-year fully-collateralized retro reinsurance protection, to secure the company with $175 million of protection. This new cat…
February 26, 2026 Independent agents face increasing pressure to not just move faster, quote more, and win more small business accounts but also deliver better service. What actually drives growth in small business insurance today? What the latest Under 10 episode on YouTube: Strong relationships + strategic partner support. In our latest Under 10 episodes, Christine, Director of Account Management and Ashraf, Agency Success Manager, break down why relationships still matter in insurance and how the right partnership helps independent agents close more small business deals, more consistently. Why Do Small Business Owners Still Prefer Independent Agents? Short answer: Insurance is complex, and small business owners want confidence, not just a price. Even with…
The Host After urging Republicans earlier this year to make health care a central issue in their midterm campaigns, President Donald Trump gave the issue only passing mention in his record-long State of the Union address this week. Meanwhile, Trump’s nominee to become U.S. surgeon general, Casey Means, a favorite of the “Make America Healthy Again” movement, got her long-delayed hearing before a Senate committee this week. Means’ nomination has been controversial not only because of her outside-the-mainstream medical views but also because she would be the first surgeon general without an active medical license. This week’s panelists are Julie…