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Canada’s Weston Family and Fairfax Financial Partner to Buy UK’s Boots in $8.9B Deal
The Canadian branch of the Weston family agreed on Wednesday to buy Britain’s Boots from Sycamore Partners and the Pessina family in an $8.9 billion deal, pledging to invest in the retailer’s stores and online and expand healthcare services. Wittington …
POSTED OCTOBER 08, 2026 11:03 AM |
Drones Hit Yandex Site in First Major Attack on Russian Data Hub
Drones hit a data center owned by Russia’s Yandex, the country’s leading AI and technology company said on Thursday, in the first major attack on a Russian data hub since the start of the war with Ukraine. Mutual drone attacks …
POSTED OCTOBER 08, 2026 10:25 AM |
Legacy Private Credit Loans Face Refinancing Risks as Rates Rise
Private credit borrowers that loaded up on debt when interest rates were low could face refinancing pressure as they approach maturity, according to investors speaking at a forum in Singapore on Thursday. Loans borrowed in 2021 and 2022 are particularly …
POSTED OCTOBER 08, 2026 10:14 AM |
Markets/Coverages: CFC Adds Cyber Cover for SME Executives; Cowbell Brings AI Agents to Policyholders
CFC said it has added to its Cyber Proactive Response (CPR) policy, introducing a series of enhancements including: new personal protections for senior executives of small to middle sized enterprises enhanced affirmative AI coverage extended indemnity period for business interruption …
POSTED OCTOBER 08, 2026 5:28 AM |
Gold Body Accused of Enabling Deaths at Tanzanian Gold Mine
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged at the start of a London trial that could threaten its existence. The …
POSTED OCTOBER 08, 2026 5:10 AM |
Uninsurable Future: Managing the Climate-Change-Fueled Home Insurance Crisis
On January 7 2025, an ill wind began to blow down the mountain canyons north of Los Angeles. Upland forests and shrubs were already bone dry thanks to a delayed start to the winter rainy season, so the arrival of …
POSTED OCTOBER 08, 2026 5:04 AM |
Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida
If Isaias turns into a hurricane and hits the Florida Panhandle on Friday, as forecast, a population of more than 1.4 million lies in its path. The number of those that are insured property owners is less than clear. Market …
POSTED OCTOBER 08, 2026 5:02 AM |
Insurance Executive Killed His Wife, Daughter, Then Himself, NJ Township Police Say
A New Jersey title insurance executive shot his wife and daughter and then shot himself, according to local police and prosecutors. Montgomery Township police discovered the double homicide and suicide when responding to a call to check on the occupants …
POSTED OCTOBER 08, 2026 5:00 AM |
Will California’s New Smoke Claims Law Create a Recovery Bottleneck?
Where there’s smoke there’s fire, but is the reverse true? The presumption in California could be that it is. One fallout from the plague of wildfires that struck California in recent years is that smoke claims became a bigger issue …
POSTED OCTOBER 08, 2026 5:00 AM |
US Oil Producers Ramp Down Gulf Output 25% on Storm Isaias
Offshore oil and gas producers have begun shutting in wells and evacuating personnel from rigs and platforms near the US Gulf Coast in preparation for the region’s first Atlantic hurricane of the season, arriving by Saturday. Tropical Storm Isaias is …
POSTED OCTOBER 08, 2026 4:45 AM |
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