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INSURANCE NEWS
EF3 Tornado Causes Severe Damage in Northeastern Wisconsin
A tornado that caused severe damage in northeastern Wisconsin on July 27 has been preliminarily ruled as an EF3, the National Weather Service said. The tornado stayed on the ground for more than 20 minutes, damaging homes and businesses in …
People Moves: World Insurance Names Milford Chief Broking Officer
Betsey Milord joined World Insurance Associates LLC (World), headquartered in Iselin, New Jersey, as chief broking officer. Milord will lead World’s broking organization. With more than 30 years of industry experience, Milord joins World after a decade at Marsh, where …
Enterprise Risk Associates Acquires Texas’ Hamann Insurance Group
Enterprise Risk Associates announced the acquisition of Hamann Insurance Group of Katy, Texas on June 17, 2026. Terms of the transaction were not disclosed. For more than 45 years, Hamann Insurance Group has been serving both commercial and individual clients …
AM Revises Outlook to Positive for Texas’ Standard Casualty
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” (Good) of Standard Casualty Company, based …
Texas’ KingsCover Rebrands as Dominion First
KingsCover Insurance Services, a specialty agency serving churches and ministries, has rebranded as Dominion First Insurance Services, LLC. The name change does not affect ownership, leadership, staffing, or client policies — the agency continues under the same team that built …
Meta, BlackRock Plan to Invest in $14 Billion Data Center
Meta Platforms Inc. and BlackRock Inc. plan to build a 1-gigawatt data center complex in Texas that will cost about $14 billion to develop, adding to a wave of investment in the computing hubs that power artificial intelligence. The facility …
France and Spain Plan Economic Aid as Major Fires Still Burn
France and Spain are studying ways to pump money into regions hit by massive wildfires over the past week even before the conflagrations are fully contained. Spanish Prime Minister Pedro Sánchez said the country’s cabinet will declare the affected areas …
Chobani Must Face Lawsuit Over Zero-Sugar Yogurt Claim, Appeals Court Rules
A federal appeals court has revived a proposed class-action lawsuit accusing Chobani of deceiving consumers by falsely advertising some of its Greek-style yogurt as sugar free. The 7th U.S. Circuit Court of Appeals in Chicago ruled on July 27 that …
Captain Pleads Guilty in Boat Crash That Killed 3 Girls from Miami Sailing Camp
A tugboat captain has pleaded guilty to causing a deadly Miami collision that killed three girls from a sailing camp last summer. Yusiel Lopez Insua, 47, of Miami, pleaded guilty on Tuesday to seaman’s manslaughter, according to court records. The …
Trump’s Diversity Crackdown Reverberates Through US Boardrooms
As U.S. President Donald Trump intensifies his campaign against diversity programs, appointments of women and racial minorities to S&P 500 boards have dropped to their lowest level in more than a decade, threatening to unwind years of gains in corporate …
Edison Rejects Blame for LA Fire Tied to Tower Idle Since 1971
Edison International’s Southern California utility is urging a Los Angeles judge not to find the company liable for property damages from a 2025 Los Angeles wildfire that destroyed more than 9,400 buildings. Southern California Edison argued in a court filing …
OpenAI Plans to Spend Over $30 Billion on Georgia Data Center
OpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker’s push to keep up with surging demand for artificial intelligence software. The startup has contracted with …
