Stellantis STLAM.MI announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, …

Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired a new wholesale team from Lockton. SRG said the move further strengthens SRG’s London market capability and expands its specialist proposition across its existing subsidiaries Miles Smith, CBC …

Alliant Insurance Services acquired Texas Insurance Agency in Laredo, one of the U.S.’s busiest international trade ports, specializing in cross-border trucking risk and insurance; as well as McAfee Insurance Agency in Mabank, a leading insurance service provider in East Texas. …

The UK is making it easier for flood defense projects to access public funds as climate change increases the risk to homes. On Tuesday, the government announced changes to the way that funds are allocated to protect homes from river, …

More than 2.5 million North Carolina residents are getting over $6.5 billion in medical debt eliminated through a state government effort that offered hospitals extra Medicaid funds from Washington if they gave low- and middle-income patients the financial relief and …

Seven people were killed in a fiery crash on a highway in Georgia on Monday afternoon when a semi-trailer struck a van and it burst into flames, according to law enforcement. The semi-trailer was following too close to the Dodge …

There has been another announcement of a relationship between insurance and an auto manufacturer. State Farm and Volvo are collaborating to provide Volvo customers across the U.S. with access to car insurance options when they buy a car. Volvo customers …

Global markets are too comfortable with risks, including trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a “disorderly” market correction, the International Monetary Fund said on Tuesday. Underscoring the IMF’s …

Elon Musk’s lawyers will urge the Delaware Supreme Court on Wednesday to restore his $56 billion pay package from Tesla, as one of the biggest corporate legal battles enters its final stage nearly two years after a lower court judge …

One person was dead and two were missing in western Alaska after the remnants of Typhoon Halong over the weekend brought hurricane-force winds and ravaging storm surges and floodwaters that swept some homes away, authorities said. More than 50 people …

The agency network, SIAA, today announced the launch of a new artificial intelligence optimization platform called SIAA NXT, a platform that combines a suite of solutions and services designed to help members and partners connect and grow in an increasingly …

Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, has acquired Tassey Group Insurance in Berlin, which is about 115 miles north of Concord. Davis & Towle also announced the merger of Tassey Group with Davis & Towle affiliate …

New York State is securing more than $19 million in penalties from eight auto insurance providers for violations of the state’s cybersecurity regulation. Department of Financial Services (DFS) Superintendent Adrienne A. Harris said that inadequate cybersecurity controls allowed hackers to …

The Trump administration sanctioned more than a hundred companies and individuals in Southeast Asia linked to online investment scams that have fleeced US victims of billions of dollars in recent years. The Treasury Department — in collaboration with the UK …

Chamberlain Named Small Commercial Operations and Service Solutions Leader Nationwide has tapped Joe Chamberlain to lead its small commercial operations and service solutions organization. Chamberlain has over 30 years of underwriting and operations leadership experience in the insurance industry. Most …

A shutdown of the U.S. government could hinder the accessibility of insurance coverage to prospective homeowners in flood-prone areas, and cost the already struggling housing market billions of dollars in delayed contract closings, data showed on Tuesday. The report from …

The managing general agent (MGA) market is in the spotlight as one of the most agile and innovative arrows of growth for the insurance sector. But as with any arrow, direction and precision matter. Fired without the right discipline, it …

A new property/casualty insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers’ expected time frames—or finding insurance capacity at all in some areas. Almost nine-out-of-10 agents surveyed by First …

The way communities nationwide recover from natural disasters may never be the same. The National Flood Insurance Program (NFIP) expired on September 30. Simultaneously, pending congressional legislation stands to transform the Federal Emergency Management Agency’s (FEMA) Public Assistance (PA) program. …

The Mississippi Supreme Court this month declined to reconsider its 2024 decision to uphold almost $15 million in punitive damages and attorney fees against USAA in one of the longest-running claims disputes to come out of Hurricane Katrina. The court …