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INSURANCE NEWS
Business Moves: MGA Fusion Specialty Acquired by UK Asset Manager Arrow Global; Arthur J. Gallagher Acquires Canada’s Wilson M. Beck Insurance Services
MGA Fusion Specialty Acquired by Asset Manager Arrow Global Arrow Global Group (Arrow), a UK-based investment manager specializing in private credit and real estate, announced its subsidiary Arrow Global Insurance (AGI) has acquired Fusion Specialty Group, a specialist managing general …
Arthur J. Gallagher & Co. Acquires Kansas-Based Med James
Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Overland Park, Kansas-based Med James, Inc. Terms of the transaction were not disclosed. Med James is a …
Dedicated Volunteers in Nashville Relay Calm, Straight-Talk Info During Dtorms
Anyone who has watched an episode of “9-1-1: Nashville” could be forgiven for thinking the city is constantly beset by tornadoes that turn outdoor concerts into scenes of carnage and blow scooter-riding tourists onto the tops of water towers. That …
DOL Proposes $3.5M in Fines for Safety Violations at Texas Chemical Facility
The U.S. Department of Labor has proposed more than $3.5 million in fines against three companies after federal inspectors determined they failed to protect workers during post-emergency response cleanup after a chemical spill at the BWC Terminals industrial facility in …
Specialty Farmers Adapt Harvests to Extreme Heat
Even as the sun started to set, the day’s heat was still hanging in the air as Annie Woods walked back out to harvest squash and zucchini on her 50-acre farm. Prolonged and intense heat is part of a climate …
NHTSA Warns 463,000 Kia Owners to Park Outside Over Fire Risks
The U.S. National Highway Traffic Safety Administration urged owners of 463,000 Kia crossover SUVs to park outdoors because of fire risks until new recall repairs are completed. Kia said it would recall 463,000 Telluride crossovers in the U.S. from the …
Planned Texas Data Centers Could Emit More Greenhouse Gases Than Many Countries
Omaira Garcia didn’t realize life on her small ranch in Abilene was about to change forever until clouds of dust — kicked up by a mysterious construction next door — began to engulf her home. The Air Force veteran said …
US Files Proposed Deal With Keystone Pipeline Owner Over 2022 Kansas Rupture
The U.S. Justice Department said on Friday it had filed a proposed settlement with the owner and operator of the Keystone oil pipeline to resolve Clean Water Act violations related to a 2022 rupture in Kansas. Keystone ships Canadian crude …
USDA Introduces More Crop Insurance Options for Forage Producers
The U.S. Department of Agriculture said it is expanding coverage options to add revenue protection for forage producers in 12 states, Implemented by USDA’s Risk Management Agency (RMA), the new coverage options guard against both yield losses and decline in …
People Moves: DeCotis Welcomes Production Underwriter for Personal Lines
DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, hired Frank Moran Jr. as a production underwriter on its personal lines team. In this role, Moran is responsible for driving submission flow, developing a pipeline for new business opportunities and continuing …
California Real Estate Agent Sentenced in LA Wildfire Gouging Case
A real estate agent who tried to price gouge a couple who lost their home during the Los Angeles wildfires was sentenced for false advertising. California Attorney General Rob Bonta announced the sentencing of real estate agent Mike Kobeissi for …
Climate Models Become More Precise Even as Political Attacks Sharpen
As back-to-back heat waves batter the US and Europe, scientific models linking climate change to extreme weather are increasingly important for policymakers and commercial enterprises like insurers. But a growing political backlash aims to undermine their credibility. Climate scientists can …
