Insurance
Aon to Acquire UK Insurance Broker Griffiths & Armour
Insurance broker Aon plc has signed a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. Financial details of the deal were not disclosed. Upon completion of the transaction, Griffiths & Armour will become wholly owned by Aon UK …
Read More Russia Suspected of Plotting to Send Incendiary Devices to US
European and US intelligence officials believe Russia is behind a plan that would ultimately place incendiary devices on planes to North America through air cargo shipments, according to people familiar with the matter. Authorities are taking the incidents seriously, and …
Read More London Protesters Demand Water Companies Clean Up Sewage-Tainted Rivers
Holding signs with slogans including “stop the plop” and “species not feces,” thousands of people marched in London on Sunday to demand a cleanup of Britain’s sewage-clogged waterways. Organizers estimated that 15,000 people took part in the march along the …
Read More NHTSA Closes Probe Into 411,000 Ford Vehicles Due to Loss of Power
The National Highway Traffic Safety Administration said on Monday it has closed a probe into 411,000 Ford SUVs and pickup trucks over a potentially defective engine that could lose power without warning. In July 2022, the U.S. auto safety regulator …
Read More Grindr Used RTO to Thwart Union, Forcing Out Half of Staff, NLRB Alleges
Grindr Inc. illegally imposed a return-to-office policy last year that forced out half its staff in an attempt to thwart a unionization push, the US labor board alleged in a new complaint. The US National Labor Relations Board’s general counsel …
Read More AIG General Insurance Underwriting Profit Falls 28% in Q3
American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to higher catastrophe losses and lower favorable development on prior year reserves. The insurer’s third quarter net income attributable to common …
Read More St. Pete to Spend Millions on Stadium After Reducing Insurance Coverage This Year
Like a homeowner who cut back on coverage only to face catastrophic damage in a storm, St. Petersburg, Florida, city officials may be regretting some insurance changes after much of the roof of the Major League Baseball stadium was ripped …
Read More Malibu Retrofit at $300,000 Shows Limits of Wildfire-Prepping
Evelin Weber and her neighbors fled their Malibu homes as the deadly Woolsey Fire tore across the California coast in 2018. Ever since, haunted by fears of another blaze, she’s spent $300,000 on fireproofing her house. Weber installed a fire …
Read More Monarch E&S Acquires Texas’ Professional Insurance Executives
Monarch E&S Insurance Services (Monarch E&S), a division of Specialty Program Group LLC, announced its strategic acquisition of the assets of Professional Insurance Executives, Inc. (PIE), a leading contract binding/brokerage business located in Garland, Texas. This acquisition strengthens Monarch E&S’s …
Read More Will People Leave Florida After Hurricanes? History Suggests Not
ORLANDO, Fla. (AP) — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after Hurricane Helene flooded tens of thousands of homes along the Gulf Coast …
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