California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO of ALKEME. The Innovative team …

The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the coral deaths — caused mainly …

Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed. As a long-standing shareholder of …

Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc., where he most recently served as vice president, chief accounting officer, …

An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one of Singtel’s largest overseas investments, …

Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems from the …

French wine makers have seen extensive damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country. “The situation is catastrophic”, Franck Saillan, general secretary …

Two experts on autonomous vehicle safety recently dove into legal arguments and engineering factors that shaped last week’s landmark jury decision against Tesla, at one point surfacing an important takeaway about insurance for Tesla drivers. “Your insurance company most likely …

Surplus lines sector continues to grow with mid-year premium reaching $46.2 billion from the 3.7 million items filed so far in 2025, according to data from U.S. surplus lines service and stamping offices in 15 states. These figures represent a …

The Roman Catholic Diocese of Trenton, New Jersey has voluntarily withdrawn its lawsuit against four liability insurers over coverage for sexual abuse claims brought against the diocese under the New Jersey Child Victims Act. The diocese sued in February alleging …

A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters. Freda Wolfson was appointed earlier this summer to re-examine how …

Pennsylvania law enforcement officials have charged 13 people in a scheme of reselling luxury autos stolen from Florida. Attorney General Dave Sunday said the central Pennsylvania-based criminal enterprise involved “vehicle title-washing” that turned a profit of more than $1 million. …

Ben Tuna is good at transforming rusted-out, patina-eaten wrecks into art. For the past few months, in a nondescript stucco warehouse on a sleepy street in Glendale, California, he has used stained-glass salvaged from sanctuary tableaus to rebuild the windows …

Crest Insurance Group hired Easton Gibbs as a commercial lines broker. He most recently served as a screening solutions specialist at Exact Sciences. Gibbs previously played professional football with the Seattle Seahawks and the Pittsburgh Steelers. Crest also named Matt …

Marsh announced new investment bank indemnification coverage to its directors and officers liability (D&O) insurance offering for clients pursuing initial public offerings (IPOs). The coverage enhancement comes amid growing client demand for more comprehensive D&O protection during the IPO process, …

Silver Cross Hospital, based in New Lenox, Illinois, violated federal law when it failed to provide a reasonable accommodation to employees who requested to be exempt from receiving the COVID-19 vaccine because of religious and disability reasons, the U.S. Equal …

Missouri Department of Commerce and Insurance Director Angela Nelson announced she has filled new leadership for the positions of Deputy Department Director, General Counsel, Division Director of Insurance Consumer Affairs, and Division Director of DCI Administration. Gina Clark has returned …

The Louisiana Department of Insurance announced it is launching an updated mobile app ahead of peak hurricane season. The updated LDIConnect Mobile App includes a wide range of innovative features to help citizens stay informed, protected and connected during the …

Root Inc. swung to second quarter net income of $22 million versus a loss of $7.8 million a year ago during the same time. Results build off net income of $18.2 million for Q1 2025, reversing a loss of $6.2 …

East of San Antonio in Bexar County, 500 electric vehicle batteries at the end of their automotive lives will soon be repurposed to provide energy storage for Texas’ electric grid, a California company, B2U Storage Solutions, announced last week. The …