INSURANCE NEWS

French Wine Output to Fall Below 2024 After Fires Ravage Vines

France further cut its estimate for this year’s wine production, putting output below 2024’s historically low level, after summer heat waves and wildfires hit vineyards. With the grape harvest nearly complete, output is now seen at 36 million hectoliters, the …
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People Moves: GEICO Names Orpello CMO; O’Donnell Joins Howden US as Head of Logistics

GEICO Names Orpello Chief Marketing Officer GEICO, headquartered in Chevy Chase, Maryland, named Arianna Orpello as its new chief marketing officer, reporting to Chairman, President and CEO Todd Combs. Orpello, who will join the company on Jan. 5, 2026, will …
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Musk’s X Settles Ex-Twitter Executives’ $128 Million Severance Pay Lawsuit

Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag Agrawal, who claim they were not paid $128 million in promised severance pay after Musk acquired the …
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Survey: Employer, Employee Views Differ on Workplace Safety

Employers and employees see safety issues and solutions differently, and open communication could be the easy solution. A recent report on employees’ safety perspectives found gaps in both issues and solutions when it comes to workplace safety. When comparing findings …
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Drone Attacks Are Now Seen 2,000 Kilometers Inside of Russia

Russia has reported a growing number of drone attacks deep inside its territory, with some reaching nearly 2,000 kilometers (1,200 miles) from the Ukrainian border, further testing the country’s air defenses as the war expands. Drones were detected in industrial …
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IMA Financial Adds Alabama’s Valent Group to the Team

IMA Financial Group, a wholesale brokerage based in Denver, has added Valent Group, one of Alabama’s largest privately held insurance brokers, to its team of affiliated firms. Valent, a subsidiary of EBSCO Industries, will retain its name and four offices …
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Greystar, Other Landlords Agree to $141M Settlement in Rent-Setting Lawsuit

Real estate giant Greystar and 25 other property management companies have agreed to collectively pay more than $141 million to settle a class action lawsuit accusing landlords of driving up housing costs by using rent-setting algorithms offered by the software …
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Acrisure to Lay Off 400 Employees, Citing Technological Advancements and AI Integration

Acrisure announced it will implement layoffs to its accounting workforce beginning in early 2026, citing advancements in technology and AI. The company said 400 employees will be affected by the layoffs. “This was not an easy decision, as it affects …
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Walmart Sued for Disability Discrimination at Wisconsin Location

Walmart Inc. violated federal law when it refused to accommodate a Wisconsin employee who required a job coach due to his intellectual disability and subjected him and a coworker to a hostile work environment based on their disabilities, the U.S. …
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Exxon Delays Planned Plastic Plant on Texas Coast

Exxon Mobil will postpone its plans for a large new plastics production plant on the Gulf coast, according to the company. Construction was initially planned to begin next year on the $10 billion facility in rural Calhoun County. “Based on …
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DOL Awards $890K to Texas for Disaster Recovery Jobs After July Storms

The U.S. Department of Labor announced the award of $890,000 in grant funding to Texas to support disaster-relief jobs and employment training services for residents suffering from the aftermath of severe storms. On July 2, 2025, heavy rainfall and flooding …
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EF5 Tornado That killed 3 in North Dakota was Nation’s First in 12 years

A deadly tornado that tore across southeastern North Dakota this summer has been upgraded to an EF5 with winds topping 200 mph (322 kph), the strongest classification of tornado and the first confirmed on American soil in a dozen years, …
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