Amid ‘Unprecedented’ Fall Fire Season, Massachusetts Governor Urges Outdoor Safety
On Monday, Massachusetts Governor Maura Healey joined Massachusetts fire service leaders in asking residents to refrain from outdoor activity that could cause or contribute to the state’s recent
Hilb Group Secures $2 Billion Round of Financing
The Hilb Group announced last week that it has successfully secured an approximately $2 billion round of financing to refinance its existing debt and expand its revolving credit and delayed draw term
Arthur J. Gallagher Acquires Statewide Commercial Insurance Brokers
Arthur J. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., dba Statewide Commercial Insurance Brokers. Lana Matar and her team will remain in their current lo
Arthur J. Gallagher & Co. Acquires Michigan’s Peabody
Arthur J. Gallagher & Co. announced the acquisition of Fenton, Michigan-based Peabody Insurance Agency, Inc. (Peabody Insurance). Terms of the transaction were not disclosed. Peabody Insurance is
States Worried About Election Unrest Take Security Precautions
A security fence rings a Las Vegas building where a Nevada county tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. The National Guard has been or …
Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Al
In Florida’s Weed Wars, Griffin and DeSantis Clash With Trump and ‘Pot Daddy’
In Florida’s weed wars, the big money is going against Governor Ron DeSantis and the financier of his anti-cannabis crusade, billionaire Ken Griffin. The Citadel founder has funded about half of
Biden Declares Major Disaster Area in New Mexico Due to Historic Flooding
President Joe Biden declared a major disaster area in southeast New Mexico after historic flooding killed two people and forced the rescue of more than 300 last month. The declaration announced last w
Rescuers Find Body of Final Missing Tenn. Factory Worker Swept Away by Flooding
ERWIN, Tenn. (AP) — Rescue workers in Tennessee have recovered the body of the final person still missing after massive flooding from Hurricane Helene hit a plastics factory there. Rosa Andrade, 29, was one of six employees killed after they …
Boeing Dismantles DEI Team as Pressure Builds on New CEO
Boeing Co. has dismantled its global diversity, equity and inclusion department, making it the latest high-profile corporation to make changes to its DEI policy as its new top leader oversees a broade
Finland Records First Hurricane-Force Winds Off West Coast
Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly brought an average wind speed of 33.5 meters per second on Frida
Specialist Risk Group Acquires UK-Based MGA NW Re
Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Fi
Trucker Crashes Into Stopped Traffic in Michigan, Killing 4
WEBBERVILLE, Mich. (AP) — A section of Interstate 96 in southeast Michigan remained closed Sunday after a semitruck crashed into more than a dozen vehicles overnight, killing 4 people and injuring 17
Agency Settles With Chicago Mortgage Firm Over Racial Discrimination Claims
The top U.S. consumer financial watchdog agency on Friday said it had reached a settlement in a long-running lawsuit with a Chicago mortgage lender over alleged racial discrimination. Under the terms
Valencia Asks for €31 Billion Rescue Package After Deadly Floods in Spain
The region of Valencia is asking Spain’s central government for rescue funds to help with rebuilding after floods last week destroyed homes and left more than 200 dead. The Valencian government
Aon to Acquire UK Insurance Broker Griffiths & Armour
Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transac
Russia Suspected of Plotting to Send Incendiary Devices to US
European and US intelligence officials believe Russia is behind a plan that would ultimately place incendiary devices on planes to North America through air cargo shipments, according to people famili
London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers
Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday to demand a cleanup of Britain’s sewage-clog
NHTSA Closes Probe Into 411,000 Ford Vehicles Due to Loss of Power
The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without warni
Grindr Used RTO to Thwart Union, Forcing Out Half of Staff, NLRB Alleges
Grindr Inc. illegally imposed a return-to-office policy last year that forced out half its staff in an attempt to thwart a unionization push, the US labor board alleged in a new complaint. The US Nati
AIG General Insurance Underwriting Profit Falls 28% in Q3
American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior y
St. Pete to Spend Millions on Stadium After Reducing Insurance Coverage This Year
Like a homeowner who cut back on coverage only to face catastrophic damage in a storm, St. Petersburg, Florida, city officials may be regretting some insurance changes after much of the roof of the Major League Baseball stadium was ripped …
Malibu Retrofit at $300,000 Shows Limits of Wildfire-Prepping
Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on
DOL Seeks Reinstatement, Back Wages From Pennsylvania Manufacturer
The U.S. Department of Labor (DOL) has filed suit against a York, Pennsylvania, manufacturing company alleging the company wrongly terminated an employee who raised safety concerns when directed to us
DOL Recovers $877K in Wages, Benefits For Employees Underpaid By Contractors on Federally Funded NYC Projects
The U.S. Department of Labor recovered a total of $877,834 in back wages and fringe benefits from three Long Island contractors for 36 employees who were underpaid for their work on two New York projects funded by the U.S. Department …