Columbia Insurance to Transfer Personal Auto, Umbrella Books to Safeco
Safeco Insurance, a Boston-based Liberty Mutual Insurance company, said it has entered into a book transfer agreement with Columbia Insurance Group, a Central and Midwest regional carrier. Under the agreement, mutual insurer Columbia will transfer its entire personal auto and …
Damage Predictions Mount as Helene Strengthens: Atlanta in Its Path
As Hurricane Helene gains strength in the unusually warm waters of the northern Gulf of Mexico, forecasters, claims adjusting firms and analytics experts are warning that the storm could be more damaging than other recent storms that hit the same …
Chemical Leak Prompts Evacuation Order in Ohio Town
CLEVES, Ohio (AP) — Students in school buildings and residents in neighboring homes were told to evacuate after a dangerous chemical began leaking from a railcar Tuesday near Cincinnati. Aerial video showed firefighters spraying down the car, which was sitting …
Amwins Commits $100K Towards Univ. of Louisiana Monroe RMI Program
Amwins has recommitted to giving the University of Louisiana Monroe’s Risk Management and Insurance program by donating $100,000 over 10 years. Amwins and ULM held a check presentation to commemorate the donation on September 17. David Lavins, president of Amwins …
Inszone Acquires First West Insurance Agency in California
Inszone Insurance Services acquired First West Insurance Agency in Huntington Beach, California. Originally established in 1968 as Shearer Insurance, the firm merged in 1979 with First West Insurance Agency. Owners Phil and Kristen Shearer will remain on board for a …
Alera Group Acquires Louisiana’s Insurance Underwriters Ltd.
Alera Group announced the acquisition of Insurance Underwriters Ltd., a Louisiana-based insurance agency offering risk management and insurance solutions including business insurance, surety bonds, personal insurance and employee benefits. IUL provides customizable insurance solutions designed to keep businesses competitive and …
Trial Begins Over Claims Newsmax Defamed Smartmatic in 2020 Election Reporting
A defamation trial against Newsmax Media kicks off on Thursday over allegations the conservative outlet damaged Smartmatic by broadcasting false claims that the voting machine company helped steal the 2020 U.S. presidential election from Donald Trump. The trial in Wilmington, …
Xceedance Acquires Illinois’ Millennium Information Services
Xceedance announced it has acquired Millennium Information Services, a property inspection and data analytics company based in Chicago. With the acquisition, the Xceedance Americas team adds nearly 200 team members and a nationwide contractor network of more than 1,300 inspectors, …
Ardonagh Marks Crucial Step Toward Completing A$2.3B Acquisition of Australia’s PSC
The Ardonagh Group, the London-based independent insurance distribution platform, announced that PSC Insurance Group Ltd.’s shareholders voted in favor of its proposed acquisition. The transaction, which is valued at A$2.3 billion (US$1.6 billion) and was ffirst announced in May 2024, …
GEICO Can’t Sue or Void Invoices from Auto Glass Shops, Florida Supreme Court Says
In the long war between auto insurers and windshield repair shops, the Florida Supreme Court this week sided with glass companies, leaving GEICO with little choice but to ask lawmakers to change the law if it feels repair prices have …
AM Best Revises Outlooks to Negative for Members of Coverys Companies
AM Best has revised the outlooks to negative from stable while affirming the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” (Excellent) of Boston-based Medical Professional Mutual Insurance Co., and its …
AI Being Used to Scam Small Business Owners, Says Nationwide Survey
Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence. Cybercriminals increasingly use generative AI, including voice calls and video, to scam businesses. And small businesses …
FTC Crackdown on Companies Using AI Includes ‘Robot Lawyer,’ Content Generator
As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial intelligence (AI) to “supercharge deceptive or unfair conduct.” “Using AI tools to trick, mislead, or defraud people is illegal,” said …
Britain Targets Russian LNG Sector With Fresh Shipping Sanctions
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly. “Earlier this year, the …
Acrisure Launches Bermuda Operation, Led by Industry Veteran Scope
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has launched an office in Bermuda to focus on wholesale insurance broking for its global clients. Trading as Acrisure Bermuda Ltd., the new business unit aims to complement current reinsurance …
Alex Jones’ Infowars to Be Liquidated at Auctions to Pay Sandy Hook Families
Conspiracy theorist Alex Jones ‘ Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary …
American Eagle Outfitters Sues Amazon for Infringing ‘Aerie’ Trademarks
American Eagle Outfitters sued Amazon.com on Wednesday, accusing it of intentionally infringing the clothing and accessories retailer’s “Aerie” and “Offline by Aerie” trademarks by directing customers to knock-off merchandise. In a complaint filed in Manhattan federal court, American Eagle said …
Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has long been …
Ecuador Fires Threaten Wealthy Areas, Force President to Return Home
Wealthy neighborhoods in Quito remain under threat of flames, and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador’s capital. Quito Mayor Pabel Muñoz of the left-wing Citizen Revolution party …
Markets/Coverages: Markel Expands Specialist Tech Insurance Offering in UK
Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector. The enhanced product, MarkelTech, is aimed at start-ups, small-and-medium-sized businesses, mid-market and high-growth …
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