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INSURANCE NEWS
Nebraska Settles With Company Regarding Overpriced COVID Tests
Nebraska Attorney General Hilgers announced a $4.87 million multistate settlement with GS Labs that resolves claims that the testing company overcharged patients, unlawfully charged administrative fees, and failed to deliver timely COVID-19 test results. The multistate coalition investigated a number …
Union Bay Acquisition Acquires Michigan-Based Arlington Agency
Union Bay Acquisition, an aggregator of insurance agencies, has acquired the assets of Arlington Agency, Inc., based in Livonia, Michigan. Terms were not disclosed. This is Union Bay’s eighteenth acquisition, and fifth in the state of Michigan. Arlington Agency offers …
Tesla’s Robotaxi Falls Short With Long Waits and Stalled Rides
When Elon Musk kicked off Tesla Inc.‘s quarterly earnings call in July 2025, robotaxis were top of mind. The carmaker had just launched its automated ride-hailing service several weeks earlier in Austin, to glowing early reviews from the hand-picked crop …
Texas Governor Candidates Start Over Corpus Christi Water Woes
Corpus Christi’s impending water crisis — and delayed action by city leaders — has become an issue in the race for Texas governor, with Gov. Greg Abbott threatening a state takeover of the city and his Democratic opponent, Gina Hinojosa, …
People Moves: Willis Re Names Former Guy Carpenter Exec Fletcher as CEO of Bermuda; Aon’s Reinsurance Solutions Announces Retirement of Thofern as CEO for Germany
This edition of International People Moves details appointments at Willis Re and Aon’s Reinsurance Solutions business. A summary of these new hires follows here. Willis Re Names Former Guy Carpenter Exec Fletcher as CEO of Bermuda Willis Re, an international …
Markets/Coverages: Westfield Specialty Launches UK & Europe Liability Portfolio
Westfield Specialty Launches New UK/Europe Liability Portfolio, Hiring 2 Execs From Everest Westfield Specialty International has expanded its casualty offering by launching a new UK and Europe liability portfolio, appointing Keith Knight, class underwriter, and Andy Skinner, deputy class underwriter, …
Markets/Coverages: Berkshire’s GUARD Starts New Contractors GL, Inland Marine
Berkshire Hathaway GUARD Insurance Companies announced the launch of a contractors general liability and inland marine solution, expanding its small commercial product suite to meet the needs of artisan contractors. The new offering through AmGUARD Insurance Company is initially available …
Lockton Reports Organic Revenue Growth of 11% for Fiscal Year 2026
Lockton, the privately held, independent insurance brokerage, reported strong financial results for fiscal year 2026, with global revenues increasing 12% year over year to approximately $4.5 billion, with organic growth of 11%. This performance marks Lockton’s sixth consecutive year of …
Ford to Recall More Than 548,000 US Vehicles Over Defective Center Console
Ford is recalling 548,463 vehicles in the United States over an issue with the center console, the U.S. National Highway Traffic Safety Administration said on Thursday. The issue relates to the console’s chrome plating, which may bubble and peel over …
WTW: US Commercial Rates Continue Moderation With 2.5% Increase in Q1
U.S. commercial insurance rates increased 2.5% in the first quarter 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “The first quarter results reflect a continuation of the moderating pricing environment observed over recent quarters,” said Yi …
MFS Collapse Triggers Probe Into Failed UK Lender’s Auditors
The UK’s audit watchdog is probing accountancy firms linked to Market Financial Solutions Ltd., the mortgage lender backed by multiple Wall Street banks that collapsed in February. The Financial Reporting Council has opened investigations into Magus Chartered Accountants and two …
People: Moore Takes Over as President of Independent Agents of Georgia
Robbie Moore, a longtime agent and partner with Legacy Risk Solutions in Augusta, Georgia, has been sworn in as the new president of the Independent Insurance Agents of Georgia. He takes over from Jarrett Bridges, who is with the Higginbotham …