NY Times Asks Judge to Dismiss Trump’s ‘Implausible’ Defamation Suit
The New York Times asked a judge to once again dismiss President Donald Trump’s $15 billion defamation lawsuit, arguing the complaint is based on “implausible allegations” that cannot overcome First Amendment protections. The suit fails to explain exactly how dozens …
NFP Acquires Hamilton Insurance in Virginia
Insurance broker NFP, an Aon company, announced the acquisition of Hamilton Insurance Agency, a property/casualty broker and benefits administration provider in Fairfax, Virginia. Hamilton has been a leader in the insurance market for the senior housing and long-term care sector. …
Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance
The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not …
Georgia Commissioner Touts More Auto Rate Reductions by Major Insurers
Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we continue the OCI mission to …
Confie Acquires Texas’ TGS Insurance Agency
Confie announced the acquisition of TGS Insurance Agency, Inc., a Houston, Texas-based standard personal lines insurance agency. The acquisition advances Confie’s strategy to scale InsureOne into a leading national platform serving standard personal lines and small commercial customers. Founded in …
Denver, Rockies Face Power Shutoffs as Winds Boost Fire Risk
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting …
World Insurance Associates Acquires SilverLeaf Insurance in Arizona
World Insurance Associates LLC acquired the business of SilverLeaf Insurance Group in Scottsdale, Arizona. SilverLeaf was established in 2009. It offers business, health, life and personal insurance lines to clients in multiple states across the nation. World Insurance Associates is …
Employee Groups Stay Resilient as Companies Back Away From DEI
Despite the backlash against diversity, equity and inclusion policies in the US, employee groups built around shared identities or interests have largely held up. The number of Fortune 50 companies that publicly disclose so-called employee resource groups, or ERGs, was …
Trucordia Acquires Global Financial & Insurance Services
Trucordia, a U.S. insurance brokerage, today announced its acquisition of Global Financial & Insurance Services, an insurance and financial services business based in Irving, Texas. The business has a presence in Dallas, Fort Worth, Houston and Los Angeles and serves …
Florida Reps Aim to End Private Flood Coverage Penalty With Bill in Congress
Mortgagees required to purchase flood insurance can utilize private flood policies, under federal rules that took effect in 2019. But if they go that route, the property owners risk losing lower, grandfathered premiums if they ever return to the National …
AIG Appoints Clifford From Everest as CEO, International Commercial Insurance
AIG Appoints Clifford From Everest as CEO, International Commercial Insurance American International Group (AIG) announced that Adam Clifford has been appointed chief executive officer, International Commercial Insurance, effective January 5, 2026. In this role, Clifford will lead AIG’s International Commercial …
Leonardo Denies Liability for Helicopter Crash That Killed Leicester City Owner
Italy’s Leonardo has denied liability for the 2018 helicopter crash which killed Thai businessman Vichai Srivaddhanaprabha, saying in its defense to a lawsuit that its AW169 model is safe. The family of Srivaddhanaprabha, who founded duty-free retailer King Power and …
Family Feud at New England Grocery Chain Plays Out at Trial Over CEO Ouster
A long-running family feud for control of the $8 billion-a-year Market Basket grocery chain in New England is about to take center stage at a trial to determine whether the former chief executive officer was improperly ousted by his three …
LA Fires and US Severe Convective Storms Drive Insured Losses of $107B in 2025
Insured losses from natural catastrophes will surpass US$100 billion mark in 2025 for the sixth consecutive year – driven mainly by January’s record Los Angeles wildfires as well as severe convective storms (SCS) in the US, according to a report …
Update: Trump Sues Britain’s BBC for Up to $10 Billion Over Speech Edit
President Donald Trump sued the BBC for up to $10 billion in damages over edited clips of a speech that made it appear he directed supporters to storm the U.S. Capitol, opening an international front in his fight against media …
Venezuela Says Oil Export System Down After Weekend Cyberattack
Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend. Petroleos de Venezuela SA’s network, which manages export and import data at the country’s main crude terminal …
‘Shadow Banking’ Growing at Double the Rate of Traditional Lenders, FSB Says
The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what …
Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in …
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees. …
FDA Sends Warning Letters to Walmart, Target for Selling Recalled Baby Formula
The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula linked to a nationwide outbreak of bacterial illness in infants, even after the products were recalled, the health regulator’s website …
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