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A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon Bavi is expected to pass very close to Japan’s Sakishima Islands, a remote island chain near Taiwan that is part of Okinawa Prefecture, early on Saturday morning, according to meteorological authorities. Maximum sustained winds were topping out at 162 kph (100 mph), and local residents on Ishigaki, one of the islands in the chain, were taping up windows and draping…

Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group name for the insurance brokerage headquartered in Lindon, Utah. The Trucordia group of companies offers commercial and personal lines, life and health, and employee benefits insurance services. Topics Mergers & Acquisitions California Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

Many Mid-Atlantic U.S. businesses aren’t done raising prices due to President Donald Trump’s slate of import tax increases, new research from the Federal Reserve Bank of New York, released on Wednesday, said. “Our latest regional business surveys reveal that nearly half of firms that have paid tariffs still plan additional price increases to offset these costs, with some expecting to raise prices six months or more in the future,” bank economists wrote on a blog on the bank’s website. This outlook means “inflationary pressures due to tariffs may well last for some time to come.” Based on surveys of businesses…

Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California Workers’ Compensation Losses and Expenses report. The WCIRB report gives an overview of statewide insurer losses and expenses for the 2025 calendar year. In 2025, $5.2 billion (52%) of total loss payments were for medical benefits. That figure was near the 2024 figure, in which $5.2 billion (54%) of total loss payments were for analogous medical benefits. The WCIRB report…

Two veteran Florida insurance agency owners have launched a growth platform for agencies, aimed at helping them build better businesses, carrier relationships and lead generation. Wilson Kingdom Growth Partners, based in Jacksonville, is led by David Wilson, national director with American Family Agency; and Norman Sapp, of First Florida Insurance. They said the idea is to help independent agencies become better businesses—”not simply providing access to insurance markets.” The two have worked together for years. More than 25 years ago, they said, they helped establish one of Florida’s first agency growth networks. The KGP platform is built on that experience…

The Florida Supreme Court just made it a little easier for workplace assault victims to claim workers’ compensation benefits, even if it can’t be proven that an attack was work-related. The high court on Thursday overturned a 2023 ruling from Florida’s 1st District Court of Appeals that had narrowly defined what could be considered a compensable injury. The district appellate court, which handles all Florida workers’ compensation appeals, had erred and had essentially put words in the mouth of lawmakers who drafted the current version of the state’s workers comp statute, the Supreme Court justices wrote in the July 9…

When he saw the video, Luqman Saeed knew what was coming. A lecturer at Ulster University in Belfast, he’s spent more than a decade studying how conflicts start and how people are driven to radical ideologies and violent ends. He moved from Pakistan to the UK in 2018, and to Northern Ireland’s capital Belfast in 2022. For the past two summers, he’s seen anti-migration protests turn into riots on Northern Irish streets, and listened as the UK’s political conversation has drifted rightwards. Saeed argues that some mainstream politicians and elements of the media have increasingly normalized the idea that immigration…

The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) or more above normal, the hallmark of the phenomenon, have spread across the central and eastern equatorial Pacific, and there’s an 81% chance it will become a very strong El Niño and rank among the “largest events in the historical record going back to 1950,” the agency said in its monthly forecast. Some parts of the eastern Pacific reached 2.7C…

The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard Portes, a member of the European Systemic Risk Board’s advisory committee and co-chair of a recently launched credit taskforce, told Reuters it is focusing on the role of private credit in the macro-economic cycle. This would involve assessing private credit’s potential to spread or amplify financial shocks and its interconnectedness with Europe’s financial system, he said. “It is those linkages…

The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will be sure to test the resilience of the country’s densely populated cities and rural communities. China’s National Climate Center expects up to six typhoons to form in the Northwest Pacific and South China Sea in July, more than the average of 3.8. Of these storms, up to three could make landfall, above the norm of 1.8. The intensity of the…