July 8, 2026

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‘Snow Globe’ Effect, Quiet Cat Years, Super El Niño: Carriers Prepping for a Raucous Second Half

It’s been a quiet couple of years, but a raucous start to storm seasons in certain areas and a super El Niño looking increasingly likely has carriers looking to update their disaster response plans as the second half of 2026 …

Sources: Some War Insurers Advising Shipowners to Pause Hormuz Voyages After Attacks

Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …

Honda Recalling 300,000 US Vehicles Over Rearview Image Display Issues

Honda Motor America, a unit of Honda Motor Co Ltd., is recalling 325,588 Odyssey vehicles in the U.S. due to issues with the display of the rearview image, the National Highway Traffic Safety Administration said on Wednesday. Related: Honda Recalling …

Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI

Allianz SE plans to eliminate hundreds of positions at its assistance and travel insurance subsidiary Allianz Partners as the company pushes forward with implementing artificial intelligence solutions.

Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits

A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was …

Los Angeles Heat Builds Ahead of Hot Spell Across US Southwest

Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …

Mumbai Struggles to Cope as Record Rains Lash Financial Hub

Mumbai’s wettest start to July in decades killed at least 13 people in the city and its adjoining areas and caused widespread disruption for millions of residents, raising questions about the quality of infrastructure in India’s financial hub. The country’s …

Judge Approves $46.75 Million Payout for 23andMe Data Breach Victims

A U.S. bankruptcy judge on Tuesday approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy Judge …