CRC Group Adds Murphy as Casualty Broker; Peachtree Group Names Morey VP
CRC Group, a wholesale specialty insurance distributor, has added a broker to its specialty team, based in Charlotte, North Carolina. Will Murphy has experience in commercial insurance advisory and casualty brokerage, with a focus on business development and client engagement, …
With Florida Businesses Facing Higher Costs, Is Premium Financing an Answer?
Florida’s population is growing rapidly, with over 23 million residents currently, and a projected growth of approximately 1.24% annually. Florida’s attractive business climate and tax policies, in contrast to states like New York and California, keep its competitive draw for …
Bodies of 2 Workers Found Days After Collapse at Hospital Parking Garage
The bodies of two workers trapped when a stairwell roof collapsed at a parking garage under construction in Philadelphia have been found, authorities announced Monday morning. The section of roof at the Children’s Hospital of Philadelphia’s garage fell Wednesday, triggering …
Personnel Staffing to Pay $155K in Sex Discrimination Charge
Alabama-based Personnel Staffing Inc., a staffing service for more than 15 southeastern states U.S., will pay $155,000 to a class of female employees, as the result of an investigation by the Equal Employment Opportunity Commission (EEOC). The EEOC said its …
Seven States in West Added to IBHS Expands Wildfire Prepared Program
Seven new states in the Western U.S. are now part of a new wildfire preparedness designation program designed to help homeowners and builders in high-risk areas better protect properties and neighborhoods. The states were among 10 added to the Insurance …
World Insurance Adds C&A Agency Serving New York’s Diverse Communities
Insurance broker World Insurance Associates LLC reports it acquired the business of C&A Insurance Agency of New York, New York on December 31, 2025. Established in 1985, C&A Insurance provides insurance to individuals, families, and businesses across New York and …
People Moves: Marsh Gives CFO McGivney Added COO Role, Names Griffith Global Logistics Lead, Marsh Risk; Costonis Is Resource Pro President of Insurance Solutions
Marsh appoints CFO McGivney as EVP and COO; Names Griffith Global Logistics Practice Leader, Marsh Risk Marsh named Chief Financial Officer Mark McGivney to the additional roles of executive vice president (EVP) and chief operating officer (COO) of the firm, …
Vehicle Complexity Complicates Auto Valuation, Says JD Power
The number of unique vehicle configurations sold in the U.S. surpassed 600,000 in the 2025 model year, creating a growing challenge for auto insurers as they work to capture the configuration and replacement value of modern vehicles. JD Power shared …
Public Interest Groups Backing California Homeowners Insurance Bills
A coalition of 40 groups ranging from wildfire survivors to environmental to small business to and community organizations called on lawmakers to pass four bills in California Legislature they say will help people buy and keep homeowners insurance coverage. The …
Tesla’s Gigafactory Water Use Surges in Austin as New Chip Plant Looms
Tesla’s Giga Texas increased its annual treated water use by more than 200 million gallons in just two years, raising concerns about whether Austin can fulfill its long-term water conservation plans as Elon Musk advances plans for a new semiconductor …
Prosecutor Identifies Victim in Fatal Shooting at New Jersey Chick-Fil-A
Officials in Union Township, New Jersey released the identity of the individual killed during Saturday night’s shooting at Chick-Fil-A on Route 22. The deceased has been identified as Malek Shepherd, age 23, of New York City, according to the Union …
People Moves: Everest’s Izzo Joins AXIS as CCO; Liberty Mutual Elects Canney to Board of Directors
Everest’s Izzo Joins AXIS as Chief Commercial Officer AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Anthony Izzo as chief commercial officer. Izzo will report directly to Vince Tizzio, President and CEO of AXIS, and will work out of …
Jury Orders Abbott to Pay $70M in Preterm Infant Formula Trial
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, …
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research …
Bamboo Insurance Launches Condo Owner Offering for Californians
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association …
IBM Agrees to Pay Government $17 Million in DEI Settlement
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits
DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion. Backed by a number of …
China’s Ping An Seeks to Sell $1 Billion Software-Focused PE Assets
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload stakes worth about …
Wall Street Banks Try Out Anthropic’s Mythos
Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative to …
An Omaha Sinkhole Went Viral but Hundreds of Others Fall Under the Radar
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some …
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