Illinois Chemical Manufacturer Reaches $400K Settlement With EPA
The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chicago, …
POSTED MAY 09, 2025 4:36 PM |
Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance
Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings deep expertise, a client-centric approach, …
POSTED MAY 09, 2025 4:34 PM |
Texas Legislators Seek Solutions to Rising Home Insurance Rates
Texas lawmakers hope to rein in homeowners’ rising insurance bills even as they acknowledge there’s only so much they can do to tackle costs. Legislators have advanced bills to limit how much insurance companies can hike rates and help homeowners …
POSTED MAY 09, 2025 4:31 PM |
People Moves: SiriusPoint Promotes Fenn to Global Head of Marine; Arch Insurance International Promotes Mansouri to UK PI Underwriting Manager
SiriusPoint Promotes Fenn to Global Head of Marine SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the promotion of Chris Fenn to global head of Marine, in addition to two strategic appointments to strengthen its global marine offering. Previously …
POSTED MAY 09, 2025 3:59 PM |
Business Moves: Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting; Optio Buys UK PI Specialist MGA, Custodian Management
Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Shape Underwriting, the London-headquartered managing general agent, has acquired Protect Underwriting LLP, a specialist MGA in private client high-net-worth business. Financial details of the deal were not disclosed. This transaction marks Shape …
POSTED MAY 09, 2025 3:25 PM |
Minnesota YMCA to Pay $140K to Settle Sexual Harassment Lawsuit
The St. Cloud Area Family YMCA will pay $140,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced this week. The EEOC charged in its suit …
POSTED MAY 09, 2025 3:03 PM |
Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm
International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s royal family, is setting up a $1 billion reinsurance venture with BlackRock Inc. The yet-to-be-named firm will launch with more than $1 billion …
POSTED MAY 09, 2025 2:49 PM |
20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs
New York law enforcement officials reported that 20 men and women have been indicted and charged with participating in a scheme to steal cars throughout New York City and its suburbs. The vehicles — which officials said were valued at …
POSTED MAY 09, 2025 2:10 PM |
New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High
Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their …
POSTED MAY 09, 2025 1:56 PM |
Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry
Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The National Oceanic and Atmospheric Administration, …
POSTED MAY 09, 2025 1:36 PM |
FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed
A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors said the defendants …
POSTED MAY 09, 2025 1:09 PM |
Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released Thursday by the World Weather Attribution group of scientists. The series …
POSTED MAY 09, 2025 12:21 PM |
Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffers and executives considering defection. The bill has cruised through the …
POSTED MAY 09, 2025 12:01 PM |
Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes
President Donald Trump’s immigration crackdown is making it harder for foreigners to buy and rent homes, threatening a key pillar of Miami’s half-decade-long economic boom. Miami, like much of the US, had already been seeing a real estate slowdown driven …
POSTED MAY 09, 2025 11:53 AM |
Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
When quarterback Shedeur Sanders slid to the fifth round of the 2025 NFL Draft, many football fans were left shocked that the much-hyped University of Colorado product was passed over time and again. Now one fan is suing the NFL …
POSTED MAY 09, 2025 11:34 AM |
EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
The European Union’s plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc’s climate law. …
POSTED MAY 09, 2025 11:12 AM |
UK Sewage Crisis Leaves Beachgoers Sick and Frustrated
Charlie Clarke fell severely ill in late summer 2023 after a swim at Clevedon Marine Lake in southwest England while training for a Triathlon. The next day he collapsed on the street near his home and was taken to the …
POSTED MAY 09, 2025 9:23 AM |
How Does Food Safety Work, and What Cuts Has Trump Made?
Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspection works in the …
POSTED MAY 09, 2025 6:40 AM |
Commercial Property Customers Cutting Insurance Corners Despite Risk
As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new Nationwide Agency Forward Commercial Lines Protection Survey surveyed commercial …
POSTED MAY 09, 2025 5:08 AM |
ALKEME Adds Maryland’s Becker Benefit Group
California-based insurance brokerage ALKEME announced its acquisition of Becker Benefit Group, an employee benefits agency based in Towson, Maryland. This marks ALKEME’s first acquisition in the state. Becker Benefit Group offers benefits, healthcare plan and risk management consulting for businesses …
POSTED MAY 09, 2025 5:00 AM |
People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley
Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of …
POSTED MAY 09, 2025 5:00 AM |
Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage. A three-judge panel of the Massachusetts Appeals …
POSTED MAY 09, 2025 5:00 AM |
By 1 Vote, Pennsylvania House Passes Measure to Legalize Recreational Marijuana
The Pennsylvania House of Representatives on Wednesday narrowly passed a measure to legalize recreational use of marijuana with purchases permitted only through shops run by the state. The vote, 102-101, was largely along party lines with Democrats prevailing. The measure …
POSTED MAY 09, 2025 5:00 AM |
Hub Acquires Virginia’s Guru of Insurance
Global insurance broker Hub International Limited announced it has acquired the assets of EB Specialists Inc. dba Guru of Insurance. Guru of Insurance is an employee benefits firm located in King George, Virginia that provides clients in the region with …
POSTED MAY 09, 2025 5:00 AM |
NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
The Catholic bishop of a New Jersey diocese said he would no longer oppose a state grand jury investigation of clergy sexual abuse that the church has been fighting behind closed doors in court for years. It’s not clear, however, …
POSTED MAY 09, 2025 5:00 AM |