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CBIZ to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal
Grant Thornton’s US arm has agreed to buy rival CBIZ Inc. in a deal that could reach $5 billion, making it one of the largest professional services acquisitions in recent years. After the deal closes in the fourth quarter this …
POSTED JULY 31, 2026 5:22 AM |
Cyber Firm Wiz Says Flaw Could Have Exposed Thousands of Microsoft Cloud Customers
Alphabet-owned cybersecurity company Wiz said on Thursday it had found a sweeping flaw that could have compromised Microsoft and thousands of its cloud customers. Wiz said in a post on its website that a now-patched vulnerability in a key Microsoft …
POSTED JULY 31, 2026 5:14 AM |
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already predicting increased premiums and bigger losses tied to natural catastrophes. Importantly, …
POSTED JULY 31, 2026 5:10 AM |
US Diners Avoid Restaurants as Cyclosporiasis Fears Cut Lettuce Sales
U.S. consumers are steering clear of some restaurant chains and buying less lettuce in grocery stores as a multistate outbreak of a parasitic disease fuels confusion over what is safe to eat, according to foot traffic data and industry sources. …
POSTED JULY 31, 2026 5:10 AM |
Edison Says Its Equipment Likely Associated With 2025 LA Fire
Edison International CEO Pedro Pizarro told investors “no other viable alternatives have appeared” to explain what caused a massive wildfire in the Los Angeles area last year other than equipment owned by the company’s Southern California utility. The company now …
POSTED JULY 31, 2026 5:00 AM |
Insurer Says Virginia Law Blocks Payment of $10M Punitive Damages for ‘Intentional’ Acts
Twin City Fire Insurance Co. says it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be intentional. The employer, Society for Human …
POSTED JULY 31, 2026 5:00 AM |
People Moves: UCA Names Balakrishnan Controller, Makes Lemon VP of Underwriting
UCA General Insurance Services Inc., promoted Vijayalakshmi Balakrishnan to vice president, controller. Balakrishnan joined UCA’s accounting team in 2022. In her new capacity, she leads the accounting department and joins the company’s management team. She previously served as an accountant …
POSTED JULY 31, 2026 5:00 AM |
AM Best Lifts Mid-Hudson Group’s Outlooks to Stable
AM Best has revised the outlooks to stable from negative of the companies collectively referred to as Mid-Hudson Group (MHG) and domiciled in Montgomery, New York. At the same time, the ratings agency affirmed the Financial Strength Rating of B+ …
POSTED JULY 31, 2026 5:00 AM |
Michigan Restaurant Chain Owes More Than $500K in Back Wages
The U.S. Department of Labor has obtained a consent judgment requiring the owner of four Michigan Leo’s Coney Island franchises in Clarkston, Dearborn, Livonia, and Sterling Heights to pay more than $500,000 in owed overtime wages and damages to 143 …
POSTED JULY 30, 2026 11:02 PM |
Analog Devices Assessing Latest Cyber Breach Claim From Hackers
Analog Devices Inc. is assessing a new claim by a group of hackers who say they’ve stolen hundreds files containing information on customers of the computer chips maker. A hacking group known as ExfilSquad has claimed to have breached Analog …
POSTED JULY 30, 2026 6:00 PM |
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