INSURANCE NEWS

Texas Lawmakers Fail to Reach Agreement on THC Ban

The Texas House gaveled out of the second special session late Wednesday, leaving behind Senate Bill 6, which would have broadly banned consumable hemp products with any “detectable amount of any cannabinoid.” Only those with cannabidiol or cannabigerol, which are …
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People Moves: Allianz Commercial Appoints Stewart as North American Head of Liability; Rokstone Hires 2 From AIG to Inland Marine Division

Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Allianz Commercial’s North …
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2 Adults Killed, 7 Children Injured in ATV Accident in Alabama Off-Road Park

Two adults were killed and seven children injured in an accident in a remote area of an all-terrain vehicle park in Alabama, authorities said. No one was wearing a harness or restraint in the off-road vehicle. The side-by-side RZR, an …
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Google Must Pay $425 Million in Class Action Over Privacy, Jury Rules

A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict comes …
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Miami Dolphins Player Charged With Vehicular Homicide Following May Crash

Miami linebacker Adarius Hayes has been charged with three counts of vehicular homicide and one count of reckless driving with serious bodily injury, all of which followed the investigation into a May crash that killed three people. Hayes surrendered to …
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Brightway Expands with Acquisition of GlobalGreen Agency

Jacksonville-based Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state network writing $270 million in annual premium. GlobalGreen is headquartered in Chesterfield, Missouri, and has affiliate operations across the country. Jeffrey Wilson is CEO and Ray Spears is chairman. “In …
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Penn-America Acquires Commercial Insurance Distribution Marketplace Sayata

Global Indemnity Group announced that its subsidiary Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations platform for commercial insurance. Global Indemnity Group said the acquisition complements the recent reorganization of Penn-America Underwriters …
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Trump Administration to Revoke Approval of Another Massachusetts Offshore Wind Farm

President Donald Trump’s administration plans to revoke federal approval of Avangrid’s planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S. authorities to stymie …
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River Valley Underwriters Acquires Texas’ Patriot National Underwriters

River Valley Underwriters, Inc has announced that it will be acquiring the book of business from Patriot National Underwriters, Inc, as well as the current employees. The parties expect to complete the transaction effective September 1, 2025. RVU is a …
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South Dakota Father and Son to Pay $4M in Crop Insurance Fraud Case

A South Dakota father and son have been ordered to pay over $4 million to resolve violations of the False Claims Act arising out of their 2018 and 2019 crop insurance fraud, according to the U.S. Attorney’s Office, District of …
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Markets/Coverages: Oak Global Launches Retro Syndicate at Lloyd’s

OAK Global is launching a new strategic business unit, OAK Enterprise, which will be focused on underwriting retrocession business with an appetite for property and specialty classes. The newly formed Lloyd’s Syndicate 1440 has received in-principle approval to assume business …
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Shipping Company Fined $2M for Maritime Pollution

A global ship management and maritime services company was ordered to pay $2 million for improperly discharging oily waste into the Gulf of Mexico, the U.S. Attorney’s Office, Middle District of Louisiana announced last week. V.Ships Norway A.S. (V.SHIPS) pleaded …
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