People Moves: World Insurance Associates Promotes Scheuer to Division Revenue Leader for Great Lakes Region 8:05 PM (54 minutes ago)
Katie Scheuer has been promoted to the newly created position of Division Revenue Leader for the Great Lakes Region at World Insurance Associates. She was formerly the Division Growth Leader for the Great Lakes and West Regions, and continues to …
Measles Outbreak Spreads to Central Texas; 5 States Report Outbreaks 8:53 AM (12 hours ago)
Texas, Oklahoma and New Mexico reported new measles cases this week, with the outbreak expanding for the first time into central Texas. Already, the U.S. has more measles cases this year than in all of 2024, the U.S. Centers for …
Deadly Storms Bring Flooding and Destruction to Central US 8:49 AM (12 hours ago)
Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …
South Texas Storms Expected to Cause Over $100M in Damage 8:46 AM (12 hours ago)
At 2 a.m. Friday, Rick Saldaña was traveling back to Edinburg from Mercedes, a city about 26 miles away, in an area known as the Mid-Valley. The roads were flooded. The frontage roads that feed into the expressway resembled lakes. …
Hub Acquires Illinois’ Dansig 8:41 AM (12 hours ago)
Hub international Limited announced that it has acquired the assets of Dansig, Inc., d/b/a Dansig Insurance Risk Advisors (Dansig). Terms of the transaction were not disclosed. Located in Decatur, Illinois, Dansig is an independent insurance risk advisor offering a suite …
Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity 8:24 AM (12 hours ago)
The team of hurricane researchers at Colorado State University has predicted an above-average Atlantic hurricane season for 2025. CSU’s initial forecast of the hurricane season issued April 3 calls for 17 named storms and nine hurricanes – with four major …
California Plumbing Contractor Ordered to Pay $1M for Workers’ Comp Fraud 8:00 AM (12 hours ago)
A plumbing contractor has been ordered to pay $1 million in restitution to the State Compensation Insurance Fund as part of a workers’ comp fraud prosecution. Daniela G. Birdwell, 41, owner of GPS Plumbing, pleaded guilty to one count of …
Trump’s Tariffs Send Shockwaves Across Global Economy 6:37 AM (14 hours ago)
President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world. Trump announced Wednesday he will apply …
Specialty and Media MGA Nirvana to Acquire MGA Pulse 6:19 AM (14 hours ago)
Managing general agent Nirvana announced it is acquiring Pulse, an MGA specializing in non-standard accident, health and life, and sports & leisure insurances. Financial terms of the deal were not disclosed. Nirvana underwrites a global book of business across media …
Deadly Storms Bring Flooding and Destruction to Southeast, Midwest 6:15 AM (14 hours ago)
Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …
North Carolina Appeals Court Won’t Budge on Intrepid Insurance Name Mix-up 5:52 AM (15 hours ago)
What’s in a name? Enough confusion to sink a subrogation lawsuit and appeal brought by the insurer for a burned-up Hardee’s restaurant, the North Carolina Court of Appeals said Wednesday. “…The trial court properly determined that Intrepid Agency lacked standing …
Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports 5:32 AM (15 hours ago)
U.S. President Donald Trump’s 25% auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday. …
Six Injured After Truck Crashed Into Building and Pedestrians in Boston 5:26 AM (15 hours ago)
BOSTON (AP) — A box truck crashed into a building Tuesday afternoon in Boston’s Chinatown neighborhood and hit several pedestrians before flipping onto its side, city officials said. The driver and five others were injured in what authorities said appears …
Fire Kills a New York Cat Sanctuary Founder and 100+ Rescued Felines 5:19 AM (15 hours ago)
A fire burned down a cat shelter in suburban New York, killing its founder and more than 100 of the felines he rescued and sparking a rescue operation for dozens of cats still roaming the destroyed property. As many as …
Arthur J. Gallagher & Co. Acquires Brokers in UK and Australia 4:19 AM (16 hours ago)
Arthur J. Gallagher & Co. this week announced two acquisitions – of the UK’s Bircroft Insurance Services and Australia’s Tresidder Insurance Brokers. Financial details of the transactions were not disclosed. London-based Bircroft is a specialist insurance broker providing retail and …
Britain’s Co-op Group Says Retail Crime Cost it $105 Million in 2024 3:13 AM (17 hours ago)
Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades …
DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals 3:04 AM (17 hours ago)
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental, social and governance policies dropped 34% …
Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo Global Management 2:59 AM (17 hours ago)
The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan akin to a pickup line: “Let’s go beyond business …
Chinese Military Conducts Large-Scale Drills Around Taiwan 2:34 AM (18 hours ago)
The Chinese military conducted large-scale drills in the waters and airspace around Taiwan on Tuesday that included an aircraft carrier battle group, as it again warned the self-ruled democracy against seeking formal independence. The exercises involved navy, air ground and …
Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case 2:21 AM (18 hours ago)
Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023. DWS gave a false …
Severe Storms Batter Greek Islands, With Crete Hit Hardest 1:43 AM (19 hours ago)
Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential downpours. On Monday, …
People Moves: Korte to Lead Liberty Mutual Middle Market Global Risk Solutions 2 Apr 9:21 PM (23 hours ago)
Liberty Mutual Insurance, based in Boston, appointed Dieter Korte as president, middle market, Global Risk Solutions North America (GRS NA), reporting to GRS NA President Marc Orloff. “These companies have the same exposures as larger organizations but often have fewer …
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty 2 Apr 9:09 PM (23 hours ago)
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment manufacturers (OEMs), insurers and captives can drive the …
MEMIC Recognizes Three NE Agencies for Service to Policyholders 2 Apr 9:05 PM (23 hours ago)
Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachusetts; and USI Insurance Services in …
Huge AI Data Center Planned for Pennsylvania Coal Plant Site 2 Apr 9:02 PM (23 hours ago)
A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 50 miles east …
FirstBank, With its Own Insurance Agency, Merges With Alabama Bank 2 Apr 9:01 PM (23 hours ago)
Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Southern States does not offer insurance …
Vivere Partners in California Raises $7.5M for Specialty Insurance Platform 2 Apr 9:00 PM (23 hours ago)
Vivere Partners, a specialty insurance platform focused on niche lines of insurance, completed a $7.5 million Series A funding round led by General Catalyst, Pathlight Ventures and Greenlight Re. The funding is intended to accelerate the company’s expansion, fueling the …
People Moves: Anhalt to Lead The General Following Sentry Acquisition 2 Apr 1:25 PM (yesterday, 1:25 pm)
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s September 2024 acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland nonstandard auto insurance brand and, over time, the businesses will …
California FAIR Plan Stabilization Act Moving Through Legislature 2 Apr 10:13 AM (yesterday, 10:13 am)
A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs …
Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts 2 Apr 9:30 AM (yesterday, 9:30 am)
Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …