INSURANCE NEWS
LA County to Pay $2.7M to Teen Attacked in ‘Gladiator Fights’
Los Angeles County agreed to pay $2.7 million to a teenager who was attacked by at least six other young people at a juvenile detention center in so-called “gladiator fights” that were allegedly facilitated by probation officers. The boy’s beating …
Monarch E&S Acquires Market Finders in New Mexico
Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines, including transportation risks. The company is led by …
Minnesota’s The Builders Group Goes Live on Insurity’s Workers Comp Suite
Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the completion of a deployment that …
People Moves: RT Specialty Tabs David Derigiotis to Lead New Detroit Office
RT Specialty, a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, announced that it has opened an office in Detroit and hired David Derigiotis as EVP and office president. Derigiotis joins RT …
Deadly Flash Flooding Claims Life in Dallas As Severe Weather Hits Central U.S.
One person has died after severe weather tore through parts of the central U.S., including heavy rain in Dallas, a tornado that touched down in the Kansas City area and flash flooding in Kansas that forced firefighters to rescue dozens …
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat
BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage …
AI’s Need for Power Spurs Return of Dirty Gas Turbines
If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch rival Meta …
Chinese Hacked US Telecom a Year Before Known Wireless Breaches
Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country’s attackers penetrated the US communications system earlier than publicly known. Investigators working for the telecommunications firm discovered last year …
Patriot Growth Expands With Brennan & Co. Insurance Agency in Georgia
Brennan & Co. insurance agency, based in Savannah, Georgia, is now part of Patriot Growth Services, a brokerage and insurance services firm that has grown rapidly since its founding in 2019. Brennan began business in 2005, specializing in commercial marine …
SC Party Boat Shooting Victim Lawyer Says No One Checked IDs or For Weapons
No one was checking IDs or for weapons before a party boat cruise that ended with a shooting that hurt 11 people in South Carolina over Memorial Day weekend, a lawyer for one of the victims said. Police have announced …
Longtime Alabama Insurance Agent Announces Run for Governor
Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Sen. Tommy Tuberville of being a “part of the …
OpenAI Finds More Chinese Groups Using ChatGPT for Malicious Purposes
OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday. While the scope and tactics employed by these groups have expanded, the operations …