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INSURANCE NEWS
Inszone Acquires Michigan’s Legacy Partners
Inszone Insurance Services announced the acquisition of Michigan-based Legacy Partners Insurance Services. Founded in 2013 by Joe Graham, Legacy Partners has spent the last decade growing exponentially throughout Southeast Michigan. Operating out of its Harrison Township headquarters, the agency built …
Record-Setting Drought Devastates Wheat Crop in Kansas
Orville Williams has had a healthy wheat crop on his 2,600-acre farm in Montezuma, Kansas, every year since he was a teenager. It hasn’t always been easy. For instance, there were challenging economic times through the 1980s and various degrees …
Inszone Acquires Texas’ Taylor Insurance Agency
Inszone Insurance Services announced the acquisition of Kevin Taylor Insurance Agency, LLC. Operating as Taylor Insurance Agency, the firm brings a personal lines portfolio to the Inszone umbrella, further expanding its footprint in San Antonio, Texas. Originally founded in 2011 …
Texas Sues Discord Over Alleged Child Predator Exposure
Texas Attorney General Ken Paxton is suing online messaging platform Discord, accusing the tech company of exposing children to predators using the service and deceiving users about the safety of the platform. Paxton filed the lawsuit Friday in a Collin …
Trump Postpones Signing AI Security Order Over Parts He Disliked
President Donald Trump said he called off the signing of an executive order that would address cybersecurity concerns raised by powerful new artificial intelligence models because he objected to parts of the directive, casting doubt on US efforts to respond …
Register: Risky Future AI Tools for Embedded Platforms ‘Demo Day’ on May 27
Insurance Journal’s Risky Future series is hosting the “AI Tools for Embedded Insurance Platforms” Demo Day, a series of free AI tool demonstrations designed exclusively for (re)insurers, MGAs/Program Administrators, marketplaces, and other tech and distribution platforms. This event focuses on …
Insurance Firm Safepoint, Backers Seek $283.3 Million in IPO
Safepoint Holdings Inc., an underwriter of specialty homeowners and commercial insurance, and some of its backers are seeking to raise as much as $283.3 million in an US initial public offering. The Tampa, Florida-based firm plans to market 6.24 million …
NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History
A North Carolina jury handed down what may have been the largest personal injury award in state history, five years after a retaining wall collapsed on workers, killing one and injuring four others. The lawsuit in Henderson County, near Asheville, …
US Supreme Court Denies Meta’s Challenge to Vermont Social Media Addiction Lawsuit
The U.S. Supreme Court declined on Tuesday to hear a bid by Meta Platforms to avoid a lawsuit brought by Vermont’s attorney general accusing the company of designing its Instagram social media app to be addictive to young users, as …
California Narrows Evacuation Area With Risk ‘Off the Table’
There is no longer a risk of a compromised chemical tank exploding in the suburbs of Los Angeles and evacuation orders for some of the more than 50,000 people were lifted, according to the Orange County Fire Authority. The county’s …
First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud
The US government has joined the line of creditors impacted by alleged fraud at bankrupt autoparts maker First Brands, in this instance for accusations the company cheated on how much it should have paid on tariffs. First Brands was hit …
Comulate Loses Appeal for Injunction Against Applied Systems
In litigation between competitors in the insurance technology market, a preliminary injunction was again denied to Comulate, which stands accused by Applied Systems of misappropriating trade secrets. Comulate had asked a federal judge in U.S. District Court for the Northern …
