Sompo Holdings Inc., the Tokyo-based insurance holding company, announced it is restructuring its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025. The simplified organization provides a resilient, innovative and …

Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter. Coca-Cola, which provides beverages on military bases and in …

Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it has worked with its advisers Gallagher Re and Asta, which …

Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) …

A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in …

Mexico President Claudia Sheinbaum threatened a civil lawsuit against Google for renaming the Gulf of Mexico to Gulf of America on its maps service following an executive order Donald Trump signed after taking office. Sheinbaum insisted Thursday that Alphabet Inc.’s …

Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve face huge setbacks, including President Donald Trump’s plan to end federal support. The pullback reflects …

Gainesville, Florida-based The Liberty Company Insurance Brokers, calling itself one of the fastest-growing privately held brokerages in the country, is set to grow a little more this year, thanks to a $100 million line of credit. The brokerage announced this …

Alliant Insurance Services, one of the largest U.S. insurance brokers and distributors, has named Connor Foley vice president in its employee benefits group. He is based in Tennessee, Alliant said in a news release. Foley has considerable experience working with …

The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, launching an MGA is a chance to offer a more tailored approach …

Baltimore is suing gunmaker Glock over design features that allow its handguns to be easily modified to become fully automatic weapons, which enables criminals to inflict more damage and makes the city more dangerous, attorneys argue in a complaint filed …

Connecticut continues to grow its captive insurance industry, adding nine new captive insurers in 2024 for a 17% increase over the previous year. In addition to the nine new captives, the state insurance department also approved 17 new captive protected …

Julia Moore joined Woodruff Sawyer as a vice president, producer. Moore, who is based in Sacramento, focuses on identifying business opportunities within the middle market and employee benefits, crafting growth strategies and fostering relationships with clients and industry partners. Most …

A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying discovery of the victim’s …

The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive Chairman and CEO Brian Duperreault. The Andover Companies closed its investment in Mereo …

Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …

Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires. …

The National Association of Insurance Commissioners has selected Oklahoma City as the host location for their 2029 Spring National Meeting, Oklahoma Insurance Commissioner Glen Mulready announced this week. Commissioner Mulready and First Deputy Commissioner Brian Downs made a successful presentation …

A fire broke out at a transportation center next to the international airport in El Paso, Texas, on Tuesday, injuring five people and sending a large tower of black smoke billowing over the city on the U.S.-Mexico border. Authorities did …

A systemwide outage of Nebraska goverment computers shut down everything from the work of the Legislature to driver’s licensing offices for several hours Thursday. The state Office of the Chief Information Officer confirmed that the outage affected all state connections …