INSURANCE NEWS

Banking’s Ailing Climate Coalition Loses Ground in Europe

Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union. The Net-Zero Banking Alliance, an organization dedicated to decarbonizing global finance, may be facing …
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Ohio’s Roehr Insurance Partners With Higginbotham

Higginbotham announced it has partnered with Roehr Insurance, one of the largest property and casualty insurance agencies in Cincinnati, Ohio. The partnership grows Higginbotham’s presence in the Midwest and provides Roehr with expanded resources to support both clients and employees. …
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OpenAI’s Sam Altman Expects to Spend ‘Trillions’ on Infrastructure

OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You …
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Texas Economy Slowing Amid Trade Policies and Immigration Crackdown

All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …
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Texas Students Injured in School Bus Rollover Crash

A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others …
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Chicago Launches Flood-Warning System as Rainstorms Intensify

Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their …
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New Mexico Governor Declares State of Emergency in County Afflicted by Crime

The governor of New Mexico declared a state of emergency in response to violent crime and drug trafficking across a swath of northern New Mexico, including two Native American pueblo communities. The emergency declaration by Gov. Michelle Lujan Grisham makes …
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Aon Accused of Contributing to Collapse of Startup Vesttoo

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A …
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Alabama DOI Posts New Data Call on Liability Insurance

The Alabama Department of Insurance wants new data on how liability coverage affects insurance claims costs. In a bulletin posted Thursday, Commissioner Mark Fowler said the department has issued a data call to carriers of personal and commercial auto, personal …
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West Virginia Will Finally Study How to Protect Communities After 2016 Floods

Nearly a decade after the deadly 2016 floods, West Virginia officials are moving forward with a study to look at flood mitigation measures across the Kanawha River Basin. Last month, Gov. Patrick Morrisey announced that the state will work with …
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Accenture to Buy Australian Cybersecurity Firm CyberCX for Reported $650 Million

Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberattacks has battered …
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PE Firm B.P. Marsh Invests in New Collateralized Reinsurer to Support Growth of XPT

B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and underwriting agency platform. …
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