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Neptune Reports Drop in Profit for 2025 But Strong Growth After IPO
The parent of St. Petersburg-based Neptune Flood reported a 63% drop in profit for 2025, along with a quarterly drop, five months after the firm went public. Much of the drop in net income was due to some $4.6 million …
POSTED FEBRUARY 23, 2026 5:50 PM |
Volvo Cars to Recall 40,000 Electric SUVs Over Battery Fire Risk
Volvo Cars will recall over 40,000 of its flagship electric EX30 SUVs because their battery packs risk overheating, it told Reuters on Monday, a move that could dent the automaker’s hard-earned reputation for safety and cost it millions of dollars. …
POSTED FEBRUARY 23, 2026 5:01 PM |
FIGA Moves to End 1% Assessment for Insolvent Insurer Claims 2 Years Early
Remember the stormy days of March 2023, when the Florida Insurance Guaranty Association voted to add a 1% emergency assessment on all homeowners’ and commercial policies, to help pay outstanding claims left behind by insolvent insurers? Three years later, FIGA …
POSTED FEBRUARY 23, 2026 4:47 PM |
Tech Update: Zywave Unveils 4 New AI Agents; Cytora, Warren Group Partner to Improve Commercial Property Underwriting
Zywave, a provider of insurance technology solutions, recently debuted insurance-specialized AI agents rolled out to more than 35 early adopters across a wide range of insurance organizations. In addition, new platform enhancements will help insurance agencies and brokers transform how …
POSTED FEBRUARY 23, 2026 4:13 PM |
Ski Guides in Spotlight as Investigators Probe Deadly California Avalanche
An investigation to determine if backcountry guides were criminally negligent during a California ski trip that ended with eight people killed in an avalanche and another presumed dead has surprised legal experts, who said the probe has scant precedent. Backcountry …
POSTED FEBRUARY 23, 2026 2:34 PM |
ECB Steps Up Scrutiny of European Banks’ AI Industry Exposure
The European Central Bank is delving into the risks faced by banks in the region from the artificial intelligence industry, amid heightened concern over hidden credit exposures and financial-sector disruption. The Frankfurt-based central bank is asking a small number of …
POSTED FEBRUARY 23, 2026 1:55 PM |
FEMA to Help With Sewage Spill Into Potomac River
President Donald Trump has approved emergency assistance to Washington, D.C., to help the city address a sewage system leak that dumped at least 250 million gallons of raw sewage into the Potomac River. The Federal Emergency Management Agency announced Trump’s …
POSTED FEBRUARY 23, 2026 1:40 PM |
Sompo Receives Regulatory Approvals to Acquire Aspen Insurance in $3.5B Deal
Sompo Holdings Inc. announced it has received the necessary antitrust and insurance regulatory approvals required to complete its previously announced acquisition of Aspen Insurance Holdings Ltd., via a wholly owned subsidiary of Sompo International Holdings Ltd. (SIH). The $3.5 billion …
POSTED FEBRUARY 23, 2026 12:24 PM |
New York City Isolated by Snowstorm as Thousands of Flights Canceled
A powerful winter storm has cut off New York City, grounding thousands of flights and straining transport networks, as 41 million people along the US East Coast brace for blizzard conditions in what could be one of the city’s worst …
POSTED FEBRUARY 23, 2026 12:12 PM |
Danone Sees Up to €70 Million Hit From Baby Formula Recalls
Danone SA gave its first estimate of the potential cost of the recent recalls of infant formula over a contamination scare, saying it expects a €35 million to €70 million ($82.4 million) financial hit in the first quarter of the …
POSTED FEBRUARY 23, 2026 11:53 AM |
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