Illinois Sues Repair Company for Deceptive Business Practices
Illinois Attorney General Kwame Raoul last week filed a lawsuit against ABC Plumbing, Heating, Cooling & Electric, Inc. (ABC) for its deceptive business practices that mislead consumers, most often senior citizens, to sign a contract for home repair work at …
Higginbotham Acquires Kansas’ Two West Capital Advisors
Higginbotham announced it has acquired Kansas City, Kansas-based Two West Capital Advisors. The specialty firm will bring its full team, experience and operating platform to Higginbotham’s growing retirement planning and wealth management division. Founded in 2010, Two West serves a …
Bamboo Insurance Launches Texas Homeowner Program
Bamboo Insurance announced the launch of its Texas Essential Homeowner Program, a new admitted, flexible product designed to give Texas homeowners greater flexibility in how they structure their coverage. Bamboo Insurance said the structure keeps coverage transparent while providing greater …
People Moves: INSURICA Names Johnson as VP of Sales, P&C; Brown & Riding Adds Armstrong to National Practice
INSURICA announced that Erick Johnson has joined the company as Vice President of Sales, P&C. Johnson brings more than 25 years of experience in production, sales leadership and agency management to the role. He has a track record of developing …
Two Weeks Later, Ross Fire Still Burning in North Texas
Two weeks after the Ross Fire broke out west of Fort Worth, responders are still battling one of the largest wildfires in North Texas’ recorded history. The weather isn’t helping. The Dallas-Fort Worth region’s summer weather is setting records with …
Florida Business Attorney, Family Killed in Plane Crash in Bahamas
A well-known Miami commercial litigation attorney, in practice for more than 50 years, and three family members were killed when the small plane he was piloting crashed into the sea after leaving the Bahamas. The bodies of Mario A. Lamar, …
SEC Seeks Court Order for ISS Client Data Sought in ESG Probe
The Securities and Exchange Commission asked a federal court for an order compelling Institutional Shareholder Services Inc. to turn over detailed client-level voting data requested by the agency as part of an investigation into the proxy advisory firm. The filing …
Are We Training Claims Adjusters or Claims Processors?
I started my career as a writer. Not an insurance professional. Not an adjuster. A writer. When I eventually took a chance on claims, I assumed I was changing careers completely. I was wrong. The more claims I handled, the …
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG
UnitedHealth Group Inc. has sold an interest in some of its Optum Health operations in Florida to private equity company TPG Inc. as the health conglomerate is working to recover from a collapse in profits last year. “We didn’t need …
NYC Officials Feared Liability Over Toxic Air After 9/11 Attacks
New York City Mayor Zohran Mamdani released more than 170,000 pages of records about the aftermath of the Sept. 11, 2001, attacks, including documents showing officials were weighing potential liability from toxic exposure while trying to reassure the public about …
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
TrueNorth Launches Property Program for Aging Community Associations and Apartments
TrueNorth Companies announced a new property program designed to help community associations and apartments owners, including affordable housing and student housing properties, secure broad coverage at a competitive price. As buildings get older, they lose access to standard insurance markets. …
People Moves: Church Mutual Names Parisi as VP – Head of Finance and FP&A
Church Mutual Insurance Company has named Ben Parisi vice president, head of finance operations and financial planning and analysis. Parisi will lead finance operations, expense management, procurement, payroll, financial planning and analysis, and management reporting. He will report to Daniel …
People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
Alliant Insurance Services promoted Martin Newman to managing director, energy operations, Alliant Property & Casualty. Based in Dallas, Newman specializes in partnering with energy operators and private equity investors to develop risk and insurance solutions for an increasingly complex range …
NC Roofers Caught in Farm Bureau’s Sting Sentenced to Probation, Restitution
Two brothers caught in a sting operation orchestrated by North Carolina Farm Bureau Insurance and state regulators have been sentenced to restitution and community service after pleading guilty to deliberately damaging roofs in North Carolina. Brett William Bentley, 28, pleaded …
People Moves: Obusek Hired by Examination Resources as a Senior Manager
A longtime North Carolina insurance regulator, the woman who initially flagged billionaire Greg Lindberg’s raiding of his insurance companies’ reserves, plans to join an examination firm as a senior manager. Jackie Obusek, who spent 30 years with the North Carolina …
AI Could Pose ‘Existential’ Risk to Humanity, UN Rights Chief Warns
U.N. rights chief Volker Turk warned on Monday that artificial intelligence could pose a threat to humanity, and pledged to press AI firms to reduce risks that his office said included disruptions to services, communications and democratic systems. He called …
A $320 Million Hack Exposes the Cracks in Crypto’s Plumbing
The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. The damage extends beyond the …
Five Dead After Amazon Plane Overran Runway at Miami Airport
An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said. The aircraft overran the runway around …
Hurricane Lowell Brings Heavy Rains as It Passes West of Hawaii
Hurricane Lowell passed west of Hawaii, where heavy rains may cause hundreds of millions of dollars of damage. Lowell, with top winds of 105 miles (169 kilometers) per hour, edged west of Kauai but is still dropping heavy rain, as …

