King Risk Expands With Acquisition of Lewis Agency in Georgia
King Risk Partners, one of the largest U.S. agencies, with offices across the eastern half of the country, has acquired Georgia-based Lewis Insurance, an independent agency that writes personal and commercial coverage around the Southeast. Lewis, founded more than 30 …
Surge of Insurance Capital Into Private Markets Boosts Hiring, Pay Deals
The surge of insurance capital into private markets is boosting hiring and pay deals in the sector despite recent jitters, with senior managing directors asking for pay packets of $2.5 million and above. Those are some of the findings in …
Tycoon Richard Li’s Bolttech Is Said in Talks to Buy MoneyHero
Bolttech Holdings Ltd. is in talks to buy Nasdaq-listed MoneyHero Ltd., people familiar with the matter said, a move that would combine two financial technology firms backed by billionaire Richard Li. Closely held Bolttech is doing due diligence and valuation …
Amex, Deere, J&J Abandon Board Diversity Rule, Activist Says
American Express Co., Deere & Co. and Johnson & Johnson have dropped diversity criteria for selecting new board directors, according to a conservative shareholder activist group. Goldman Sachs Group Inc. is considering a similar change, Bloomberg confirmed earlier this week. …
Tesla Must Face Lawsuit Alleging Anti-American Bias in Hiring, Judge Rules
A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so it can pay less to foreign workers, but said he was skeptical that the software engineer who sued would prevail. U.S. …
Florida OIR Slams Committee-Approved Clearinghouse Bill Changes as ‘Illusory’
With no debate and little discussion, a final Florida House committee on Tuesday approved a bill that would set up a clearinghouse to help move commercial policies out of Citizens Property Insurance Corp. and into surplus lines carriers. The House …
Wynn Resorts Says Hackers Stole Employee Data
Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …
TWIA Board Sets $4.3B as 1-in-50 Probable Maximum Loss for 2026 Storm Season
The Texas Windstorm Insurance Association’s board voted to finalize $4.3 billion as the association’s 1-in-50 probable maximum loss for the 2026 storm season. The 1:50 PML, the level of losses that would be expected to be exceeded on an annual …
Deep-Sea Tech Being Deployed to Find Sunken Fishing Boat Off Massachusetts
A coalition of authorities is deploying technology to try to locate the wreck of a fishing boat that sank last month off Massachusetts, killing all seven aboard. But winter weather and sea conditions have thus far slowed their efforts. The …
People Moves: SAN Group Names Marcou; Underwood Joins Alliant
SAN Group Names Marcou Agency Growth Coach SAN Group, headquartered in Hampton, New Hampshire, hired Lynn Marcou as agency growth coach, supporting member agencies across Maine, New Hampshire, Vermont, and Massachusetts. Marcou provides hands-on coaching and strategic guidance to SAN …
Tow Truck Operator and Used Car Dealer Sentenced for Car Theft Scheme
A tow truck operator and a used car dealer have bee sentenced for their roles in a motor vehicle theft scheme in New York. New York Attorney General Letitia Jame said an investigation by her office and the New York …
California Vocational School CEO Charged in Worker Education Benefits Scheme
The CEO of a large California vocational return to work counseling center and his alleged co-conspirators were charges in a kickback and forgery scheme that drained injured workers’ educational benefits. Hazel Ortega, 54, of La Habra, and alleged co-conspirators Gemi …
Trump Officials Accuse UCLA in Lawsuit of Ignoring Antisemitism
The U.S. Justice Department filed a civil rights complaint alleging the University of California at Los Angeles created a hostile work environment for Jewish and Israeli employees. UCLA is accused in the lawsuit filed Tuesday of failing to prevent and …
WalkerHughes Acquires Ohio’s Sacksteder Worland Insurance Agency
WalkerHughes Insurance, a privately held, founder led retail insurance brokerage, announced its expansion into Ohio with the acquisition of Sacksteder Worland Insurance Agency based in Tiffin, Ohio. This partnership represents WalkerHughes’ fourth state of operation, adding to its established presence …
Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. More …
Sompo Holdings Completes Acquisition of Aspen, Taking it Private
A wholly owned subsidiary of Sompo International Holdings Ltd. (SIH) has finalized its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., taking the insurer private. Under the terms of the deal, which was first announced in August 2025, 100% of …
California Seeks Injunction to Stop Amazon’s Alleged Stifling of Price Competition
California asked a state judge on Tuesday to stop Amazon.com from inflating prices for consumers through an alleged campaign to bully merchants not to sell goods more cheaply elsewhere. The state’s attorney general, Rob Bonta, sought a preliminary injunction in …
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents approximately 10% of the economy, AM Best said in a commentary. Violence …
People Moves: Rodriguez To Lead EPIC National Real Estate; AXA XL Names Carnazza Head of Construction Property, Americas; Wischmeyer Joins Marsh’s Digital Infrastructure Practice
EPIC Names Rodriguez National Real Estate Program Development Leader EPIC Insurance Brokers & Consultants, headquartered in San Francisco, California, appointed Miranda Rodriguez to the newly created role of program development leader within its national real estate practice. Rodriguez will focus …
Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio: AM Best
Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …
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