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INSURANCE NEWS
AM Best Revises Outlook to Positive for Oklahoma’s Triangle Insurance Company
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Triangle Insurance Company based in Enid, Oklahoma. The Credit Ratings (ratings) …
Equal Parts Acquires Texas’ ProSource
Equal Parts has acquired ProSource Insurance Agency, a Plano, Texas-based brokerage specializing in transportation insurance. Completed during the first quarter of 2026, the acquisition strengthens Equal Parts’ transportation insurance capabilities and expands its presence in one of the nation’s largest …
Another Tanker Suffers Failure as Crew Suspect Cyber Attack
A liquefied natural gas tanker bringing fuel from the US to Europe suffered a systems failure that the crew reported as a suspected cyber attack, according to people familiar with the matter. In the latest of a number of potential …
Illinois Construction Company Cited for Failing to Protect Workers
The U.S. Department of Labor has cited a Chicago area residential construction and carpentry employer after two separate investigations into its continued failure to provide fall protection for workers. The department’s Occupational Safety and Health Administration investigated two worksites operated …
People Moves: Brown & Riding Names David and Matt Grollman to Construction Practice
Brown & Riding has added David Grollman and Matt Grollman to its national Construction Practice. David Grollman brings nearly 35 years of industry experience to his role at Brown & Riding. He is a long-standing construction specialist, with expertise in …
New York Developers Look North of Miami for Florida’s Next Boom
After years of trying to convince developers and investors that it’s a viable alternative to Miami and Palm Beach, Fort Lauderdale’s pitch is starting to resonate. The South Florida city has drawn an influx of luxury condominium projects and one …
Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run
Berkshire Hathaway Inc. founder Warren Buffett is stepping down as the company’s chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate. The billionaire will become chairman emeritus of the company, …
AI Fuels 440% Surge in Hackers Using Blockchains in Attacks
Open-source artificial intelligence is making it easier for hackers to hide malicious code on blockchains, opening a new front in a crypto industry already grappling with rising cybercrime. Instances of malware instructions written into on-chain transactions and smart contracts are …
NYC Reports Second Death in Legionnaires’ Disease Outbreak in South Bronx
New York officials reported last night that a second person has died of Legionnaires’ disease due to an outbreak in South Bronx. The New York City Health Department is continuing its investigation and containment efforts to address a community cluster …
Driver Arrested in Bus Collision Occurring Before Deadly News Chopper Crash in LA
A motorist was arrested on murder charges after authorities say she slammed her SUV into a city bus in Los Angeles, killing at least two people and injuring six others in a prelude to a second deadly tragedy: the fiery …
Revolut Says No Group Has Made Direct Contact After Data Breach
Revolut Ltd. said no individual or group has made direct contact or demand almost a week after the fintech reported a scam involving an unauthorized third party that exposed sensitive information of some customers. A spokesperson for the London-based firm …
India Finds Nestle Baby Food Sample Substandard, Takes Legal Action
India’s food regulator said on Friday it had found a Nestle baby food sample to be substandard and was pursuing legal action against the Swiss company in one of its biggest growth markets. Nestle said its products are “fully compliant …
