Insurance
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen
President Donald Trump is demanding a $1 billion payment from Harvard University to end his prolonged standoff with the Ivy League campus, doubling the amount he sought previously as both sides appear to move further from reaching a deal. The …
Read More Fire at Pennsylvania Hospital Forces Evacuation of Dozens of Patients
A fire tore through a northeastern Pennsylvania hospital, sending smoke billowing into the air as dozens of patients were evacuated and emergency medical crews were rushed in from across the region, authorities said. No one was reported injured by the …
Read More Freight Train Derails in Connecticut, Sending Cars Carrying Liquid Propane Into River
A freight train derailed Thursday in Connecticut, sending cars carrying flammable liquid propane into the water, though officials say they don’t appear to be leaking. Local and state officials said the derailment happened around 9 a.m. in Mansfield, near where …
Read More LA Mayor Race Shaken by Wildfire Allegations
Billionaire Rick Caruso is sticking with his decision to stay out of the race for Los Angeles mayor, despite raising the prospect he would reconsider following a news report that Mayor Karen Bass asked to soften an after-action investigation into …
Read More McGowan Allied Specialty Insurance Announces Sales Territory Realignment
McGowan Allied Specialty Insurance announced a strategic realignment of sales territories within its in-house team designed to enhance services, improve regional coverage, and ensure a more tailored experience for clients across the country. The Ohio-based company said that by reallocating …
Read More Louisiana Agency to Pay $1.2M Refund for Illegal Overcharging on Surety Premiums
A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …
Read More Allstate CEO Wilson Takes on Affordability Issue During Earnings Call
Allstate posted significantly higher net and underwriting income for the fourth quarter and full year. With affordability top of mind, that leads to questions about excessive profits. Similar to Chubb’s earnings call, analysts asked Allstate CEO Tom Wilson to comment …
Read More People Moves: NFP Appoints Spencer in Northeast; Lawley Promotes 3 Partners
NFP Appoints Spencer as SVP, Commercial Risk, Northeast NFP, an Aon company and property/casualty broker and benefits consultant headquartered in New York City, appointed Jack Spencer as senior vice president, commercial risk, in its Northeast region. Based in West Hartford, …
Read More WTW Reports Q4 Organic Revenue Growth of 6%; Data Center Clients Boost Business
Insurance broker WTW reported fourth quarter revenue of $2.94 billion, a decrease of 3% compared to $3.04 billion for the same period in the prior year due to the sale of TRANZACT. Q4 2025 organic revenue growth was 6%, while …
Read More Alabama, NC Public Safety Officers Investigated in ‘Chop Shop,’ Disability Fraud
Fraud investigations in two Southeastern states have led to the arrest or administrative leave for three public safety officers. In Alabama, two University of Alabama at Birmingham police officers have been placed on leave in connection with an investigation into …
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