Insurance

BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. WUFS was founded in 2002 and offers …

British officials are sounding the alarm over the widespread abuse of surveillance software and hackers-for-hire, saying that thousands of people were being targeted each year by an industry they described as posing an increasingly unpredictable threat. Britain’s National Cybersecurity Centre …

Shortly before Google introduced Bard, its AI chatbot, to the public in March, it asked employees to test the tool. One worker’s conclusion: Bard was “a pathological liar,” according to screenshots of the internal discussion. Another called it “cringe-worthy.” One …

U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over military-issue earplugs that former users allege were …

Sedgwick, the global benefits, risk management and claims management firm, has acquired Appraisal Service of Mississippi Inc., an auto and property valuation firm. The move further expands Sedgwick’s presence in auto and property claims, the company said in a news …

Oakbridge Insurance Agency has continued its growth plans with the acquisition of of Wilson Insurance in Waycross, Georgia. The move is the latest expansion for Atlanta-based Oakbridge, which said it is now one of the largest independent agencies in the …

Cannabis tax revenue in Colorado fell nearly $100 million in 2022, while California, Oregon, Nevada, and Washington all saw sales decline as the industry began its first downturn. Conversely, sales were up big time in Michigan, Illinois and Massachusetts. It …

Global insurance broker Hub International Limited reported that it has acquired the assets of Brady Risk Management, Inc. of Huntington, New York. Brady Risk is a risk management, risk transfer and insurance firm that serves key industry segments, including restaurant …

German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …

The Workers’ Compensation Insurance Rating Bureau of California’s Governing Committee voted on Wednesday to authorize the WCIRB to submit a Sept. 1, 2023 pure premium rate filing to the state’s Insurance Commissioner on average 0.3% above the average approved September …