Michigan Man to Stand Trial for Insurance Fraud
A Michigan financial advisor will stand trial for insurance fraud after waiving preliminary examination, Attorney General Dana Nessel announced this week. Todd Bernstein, 67, of Birmingham, is alleged to have submitted misleading information on annuity suitability applications on behalf of …
Black Hills, South Dakota Region Faces Severe Water Shortages
Water levels in this major source of drinking water for Rapid City were so low this spring that city leaders implemented water-use restrictions weeks earlier than normal and the state delayed installation of public boat docks. Lingering drought conditions and …
Along Texas’ Guadalupe River, Several Summer Camps Are in Flood Zones
The all-girls Christian summer camp where 27 people, most of them children, were swept away and killed by the July 4 flooding in Kerr County was just one of 13 summer camps along the Guadalupe River built on land prone …
RPS: Cyber Market Flush With Capacity as Buyers Get More Limit, Low Premium
Cyber insurance remains an area of growth opportunity for property and casualty insurers, particularly in the face of large-scale risk factors. According to a new report, “CYBER: Insights on the current and future state of the US cyber insurance market” …
Shadow Tanker Fleet Grows More Slowly as Western Sanctions Target Russian Oil
Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous years as the harshest Western sanctions yet target Russia’s oil exports and add to the difficulty of finding suitable vessels, shipping sources said. The European …
World Insurance Acquires Texas’ Abacus
World Insurance Associates LLC announced that it acquired the business of Abacus Insurance and Financial Services of Irving, Texas on April 1, 2025. Terms of the transaction were not disclosed. Abacus provides primarily commercial lines insurance to their clients, with …
People Moves: Alliant on the Money with Assistant VP; InterCoastal PAs Add Blinn
Specialty broker Alliant Insurance Services has named Steven Money assistant vice president in its employee benefits group, based in Atlanta. Money has more than 20 years’ experience in the industry, with brokers and carriers, the California-based Alliant said in a …
People Moves: Aon Promotes Shukri as UK Reinsurance Client Services Leader; Blenheim Underwriting Taps Stratton-Thomsett From MS Amlin as Casualty Underwriter
This edition of International People Moves details appointments at the broker Aon and the Lloyd’s managing agent Blenheim Underwriting. A summary of these new hires follows here. Aon Promotes Shukri as UK Reinsurance Client Services Leader Insurance broker Aon plc …
Greystar Reaches Deal in Justice Department’s Rental Market Collusion Case
Greystar Real Estate Partners LLC reached a tentative settlement with the Department of Justice in an antitrust lawsuit accusing the landlord of colluding to increase rents across the US, in part, through widely used industry software. As part of the …
Ford Puts a Charge in EV Production with $2B Overhaul of Kentucky Plant
Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build and will outcompete rival models. The automaker’s top executive unveiled the new EV …
Nevada Court Clears Way for Former Raiders Coach Gruden to Sue NFL Over Emails
A Nevada court apparently cleared the way for a 2021 lawsuit filed by former Las Vegas Raiders coach Jon Gruden to proceed against the NFL and Commissioner Roger Goodell, alleging that a “malicious and orchestrated campaign” was used to destroy …
Judge Dismisses Lawsuit Against Florida Complex Where Airman Was Shot by Deputy
A federal judge has dismissed a lawsuit filed against a Florida apartment complex where a member of the U.S. Air Force was fatally shot by a sheriff’s deputy. The judge said the unnamed apartment employee who called police was not …
Insurtech Looks to ‘Redefine’ Insurance With Autonomous AI Agents by 2026
Insurtech Superagent AI issued a press release yesterday to announce its goal of starting the first fully autonomous AI insurance agent by the end of the year. “We’re not just reshaping insurance. We’re redefining what it means to be an …
Activist Investor 7Square Pushes Nuernberger to Entertain Rival Offers
Activist investor 7Square is pushing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, saying a potential acquisition by Vienna Insurance Group wouldn’t reflect its full value. The life-insurance business and the property/casualty operations of Nuernberger have underperformed for …
TWFG Insurance Acquires New York’s Angers & Litz Associates
Texas-based TWFG Insurance has expanded its national footprint with the acquisition of Angers & Litz Associates, Inc., a personal and commercial lines insurance agency based in Schenectady, New York. Angers & Litz has been family owned and operated since 1963. …
Thousands Flee Wildfires Across Greece as Heat Withers Crops
Greek coastguard vessels evacuated tourists and locals, while a volunteer firefighter died in Spain as authorities struggled to quell blazes across the Mediterranean. A wildfire in Volissos forced evacuations from two beaches on the island of Chios, with strong winds …
Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 Billion
Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …
Update: Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled
Typhoon Podul blew through southern Taiwan on Wednesday packing winds of up to 191 kph (118 mph) and leaving one person missing, as a large swathe of the island shut down and hundreds of flights were canceled. Taiwan is regularly …
Appeals Court Says DOGE Team Can Access Sensitive Data
A U.S. appeals court on Tuesday rejected a bid by a group of unions to block the Trump administration government downsizing team known as the Department of Government Efficiency from accessing sensitive data on Americans. The Virginia-based 4th U.S. Circuit …
Employers Miss Out on Talent When Remote Work Isn’t Allowed: Survey
New insights into workforce recruitment and retention challenges suggest employers who don’t allow a remote work option may be missing out on talent, according to global background screening services and workforce management solutions provider HireRight. The report is based on …

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