Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South
Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …
Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida
The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …
California Wildfire Now State’s Fourth Largest on Record, Containment Increased
Firefighters have increased containment on the Park Fire near Chico, California, which at 621-square-miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a massive amount …
Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville
Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …
Marsh McLennan Agency Completes Acquisition of Illinois’ The Horton Group
Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previously announced agreement to acquire …
Captain in California Scuba Boat Fire Must Pay $32K to Families of 3 of 34 People Killed
A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019. Jerry Boylan’s criminal negligence as captain of the Conception …
J&J MGA Acquires Georgia-Based Strickland General Agency
Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as SGA, is a multi-line excess and surplus …
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses
Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …
People Moves: Wrigley to Lead DeCotis Commercial Lines Team
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines division, managing key customer and carrier relationships, developing new business opportunities and supervising high-value renewals. Wrigley’s insurance …
Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath
When Michigan farmer Clara Ostrander heard about the benefits of hosting a solar energy project, she remembered something her father had told her four days before he died: Don’t sell the farm. Keep it in the family. Skeptical at first, …
Governor Calls on Flood-Weary Vermonters to ‘Stick Together’
Vermont’s governor said Wednesday that the latest storms to hit the state have undone much of the cleanup and recovery work from its last major bout of flooding only weeks ago, and he called on residents to “stick together” amid …
AI Startup Suno Says Music Industry Suit Aims to Stifle Competition
AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal court in Massachusetts, Suno …
Chevron to Quit California for Texas After Warning on Regulation
Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business. The move announced Friday will end the company’s more than 140 years of …
Orion180 Launches Homeowners Insurance in Ohio
Orion180 has announced its expansion into the Buckeye State. According to a press release, the company now offers homeowners insurance services and coverage in Ohio through Orion Select Insurance Co., Orion180’s admitted insurance carrier. Orion180 also operates in Alabama, Arizona, …
Hong Kong Hits AIA With Record Fine for Anti-Money Laundering Lapses
AIA Group Ltd. was subject to a record fine of HK$23 million ($2.9 million) by the Insurance Authority for anti-money laundering oversight, as the city’s regulators steps up scrutiny of the industry. An on-site inspection by the regulator found “technical …
Tesla Registers Insurance Brokerage in China, National Corporate Database Shows
Tesla registered an insurance broking firm in China at the end of July, based on a national corporate information database, in a sign that the U.S. automaker may be trying again to gain approval to sell insurance products in the …
Suspected Chinese Hackers Hit Taiwanese Research Center
A hacking group believed to be linked to the Chinese government stole passwords and documentsfrom a Taiwanese government-affiliated research center that specializes in computing, cybersecurity researchers at Cisco Systems Inc. said Thursday. The attackers used a kind of malicious software …
BNP Paribas in Talks to Buy AXA Investment Managers for €5.1 Billion
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For BNP, such …
Microsoft Azure Attack Shows Persistence of Blunt Hacking Tool
The recent outage on Microsoft Corp.’s cloud-computer platform demonstrated the persistence of an older, blunt-force style of cyberattack. It’s called a distributed denial-of-service attack, DDoS for short, and it works by directing massive amounts of junk internet traffic at a …
‘Impossible’ Weather Increasingly Blamed on Climate Change
Today may be the day when the impossible becomes possible—based on the number of headlines in recent days saying pretty much that. A slew of recent articles this week focus on studies and research reporting on how unlikely the weather, …
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