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S. Korean Ship to Test Arctic Route to Europe but Western Allies Concerned
South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian …
POSTED AUGUST 21, 2026 10:19 AM |
Australia’s Steadfast Agrees to $5.51B Buyout Bid by KKR-Backed Consortium
Australian insurance broker Steadfast Group said on Friday it has agreed to a A$7.7 billion ($5.51 billion) takeover offer by a U.S. consortium backed by investment firm KKR. As part of the proposal, insurance distributor Amwins Group will acquire Steadfast’s …
POSTED AUGUST 21, 2026 9:47 AM |
West Texas Oil Producers Pushing Power Demand ‘Through the Roof’
Oil and gas producers’ swelling power needs are hitting the West Texas region just as technology companies target the world’s most productive shale basin for data centers, sending electricity demand soaring. The top boss at Diamondback Energy Inc., one of …
POSTED AUGUST 21, 2026 7:00 AM |
Rates, Digital Support Boost Small Business Insurance Customer Satisfaction: JD Power
Small businesses’ overall satisfaction with small commercial insurers rose 15 points (to 713 on a 1,000-point scale), driven by improvements in digital support and rates, according to JD Power’s 2026 U.S. Small Commercial Insurance Study that surveyed 2900 customers earlier …
POSTED AUGUST 21, 2026 5:56 AM |
Abbott Agrees to $670 Million Settlement of Infant Formula Cases
Abbott said on Thursday it reached a $670 million settlement with three law firms to resolve legal claims by 2,000 people who alleged harms relating to the company’s specialty formulas for preterm infants. The settlement includes one large case in …
POSTED AUGUST 21, 2026 5:14 AM |
Viewpoint: If AI Compute Is an Investable Asset, AI Agency Must Become Insurable
NVIDIA has just made an argument that should matter far beyond the semiconductor industry. In a recent post, the company described AI-factory compute as an emerging investable infrastructure asset, supported by financing platforms with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs …
POSTED AUGUST 21, 2026 5:11 AM |
Four Patients Affected, One Paralyzed, After Drug Mix-up at Nashville Hospital
Four patients were affected and one of them was paralyzed after a pre-surgery drug mix-up at a Nashville hospital, local news outlets reported. A 72-year-old woman, Glenda Dorton, reportedly received a spinal injection of potassium instead of anesthesia before her …
POSTED AUGUST 21, 2026 5:05 AM |
Romania Destroys Marine Drone Near Neptun Deep Gas Project: Minister
Romania scrambled F-16 fighter jets to destroy a marine drone spotted a few hundred meters from the Black Sea gas project Neptun Deep, Defence Minister Radu Miruta said on Thursday. The incident underscores the growing threat to critical energy infrastructure …
POSTED AUGUST 20, 2026 4:43 PM |
Legacy Consolidator Marco Capital to Buy Insurance Services Firm Pro Global
Marco Capital, the property/casualty legacy consolidator and parent of insurance services group PoloWorks, has entered into an agreement to acquire Pro Global, subject to regulatory approval. Financial details of the deal were not disclosed. The acquisition represents a significant milestone …
POSTED AUGUST 20, 2026 3:58 PM |
Texas Homeowners, Industry Collide Over Transmission Lines
Flashes of yellow were all around the Texas Capitol grounds on Wednesday as legislators gathered to consider two of the most controversial issues in Texas politics: data centers and transmission lines. The color — displayed on bandanas, pins, shirts and …
POSTED AUGUST 20, 2026 3:57 PM |
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