Baptist College in Georgia Places President on Leave as it Probes Sex Abuse Claims
A Baptist college in northeast Georgia has placed its president on leave while it investigates whether he ignored claims that a former administrator was abusing students. Trustees at Truett McConnell University in Cleveland announced on Friday that they had placed …
Severe Weather Left Damage, Deaths Across South
Two people were killed by falling trees and tens of thousands were left without power as severe storms rolled through the South over the weekend. The storms downed trees and powerlines and brought heavy rainfall, hail and gusty winds as …
Brown & Brown to Acquire Risk Strategies, One80 Parent for $9.8 Billion
Brown & Brown Inc. said it has entered into an agreement to buy Accession Risk Management, the parent company of specialty brokerage firm Risk Strategies and wholesaler One80 Intermediaries, for about $9.8 billion. Daytona Beach, Florida-based Brown & Brown will …
It Will Take 5 Months to Transport Hawaii Wildfire Debris to Massive Landfill
Fifty trucks will spend five months hauling Lahaina wildfire debris to a landfill in the center of Maui starting next Monday, Maui County said. There’s enough debris to fill five football fields five stories high. About two years ago the …
Erie Insurance Still Working to Restore Systems After Outage
Pennsylvania-based Erie Insurance is still working to restore systems following a network outage that it revealed on Sunday. “A network outage impacting Erie systems continues. All available resources are working to restore access as soon as possible,” the company reported …
States Recover $19 Million in Commission Overcharges From Brokers
Five large brokerage firms must reimburse customers $19 million as the result of a nationwide crackdown by state securities regulators on what they say are commission overcharges on small-dollar transactions, according to Massachusetts Secretary of State William F. Galvin whose …
After 46-Day Cyberattack Pause, British Retailer M&S Resumes Online Orders
British retailer Marks & Spencer resumed taking online orders for clothing lines on Tuesday after a 46-day hiatus following a cyberattack. Shares in M&S, one of the best-known names in British business, were up 3.5% after it restarted standard home …
SEC Plan Says Existing Staff Cuts Help Meet DOGE Targets
Wall Street’s top regulator told the White House in March it had already made substantial progress toward meeting President Trump and Elon Musk’s demands for leaner government via voluntary workforce reductions, according to a planning document obtained by Reuters. The …
Whole Foods Supplier United Natural Foods Says Cyber Incident Disrupted Operations
United Natural Foods Inc., one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods …
Ryan Specialty Underwriting Managers Forms International Renewable Energy MGU
Ryan Specialty Underwriting Managers (RSUM), the specialty underwriting segment of Ryan Specialty, has launched Ryan Specialty Renewables, an international renewable energy managing general underwriter. The MGU is formed from the unification of existing company brands: PERse Americas, PERse International, de …
New Push to Reframe DEI in London Shifts Away From Diversity
A new study aims to reframe the global debate surrounding diversity, equity and inclusion in the City of London by focusing less on demographics and more on hiring people with diverse experiences. The report, published on Monday by the Diversity …
UK Judge Warns of Risk to Justice After Lawyers Cited Fake AI-Generated Court Cases
Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a judge has said — warning that attorneys could be prosecuted if they don’t check the accuracy of their research. High Court justice Victoria Sharp said …
USI Mid-Year Update: Ongoing Trends to Continue
Mid-year insurance industry assessments indicate that the ongoing trends of the last six months are likely to persist through the end of the year, even if the conditions in question are defined as unstable or unpredictable. The new USI report, …
Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather
For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate change is altering the laws of mortgage risk. The world looked on in shock last month as 3 million cubic …
Financier Lex Greensill Decries ‘Code of Silence’ Around SoftBank Deals
Financier Lex Greensill said there was a “code of silence” around a series of transactions with SoftBank Group Corp. to keep potential losses hidden, in his first public court appearance since the high-profile collapse of his firm. Greensill is giving …
Unison Risk Advisors Acquires Boutique Hatcher Insurance Agency in Orlando
The Orlando-based boutique agency and brokerage Hatcher Insurance is now part of Unison Risk Advisors, Unison announced this week. Hatcher, founded almost 80 years ago, offers property and liability insurance, surety bonding, employee benefits and personal insurance services. Industry veterans …
Connecticut Crumbling Foundation Insurer Seeks $100 Million to Close
The state-created captive insurer handling Connecticut homeowners’ claims for crumbling foundations is in line for another $100 million in bond funding in the biennial budget now awaiting Gov. Ned Lamont’s approval. Lawmakers are promising $25 million in each of the …
People Moves: Campbell Joins Alliant Insurance Services as Northwest Benefits Team VP
Alliant Insurance Services named Mary Campbellvice president within its employee benefits group. Based in the Pacific Northwest, Campbell has nearly three decades of experience designing and deploying alternative funding strategies for large, multi-state employers. Before joining Alliant, Campbell was a …
Pennsylvania House Advances Bills on Child Sex Abuse Lawsuits
Proposals that would let survivors of childhood sexual abuse file lawsuits in Pennsylvania beyond the state’s current statute of limitations passed the state House on Monday, the latest development in a yearslong lobbying campaign. One of the two bills is …
Waymo Halts LA Service After Cars Destroyed During Protests
Waymo has suspended service of its ride-hailing service in downtown Los Angeles after its vehicles were set on fire during protests against immigration raids in the area. Waymo doesn’t believe the protests are related to the company specifically, according to …

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal