INSURANCE NEWS
Dozens of Vehicles Broken Into During Michigan Basketball Game
More than two dozen vehicles in a high school parking lot had their windows smashed and were broken into during a men’s college basketball game at nearby University of Michigan. Ann Arbor police said the break-ins occurred Sunday, WXYZ-TV reported. …
People Moves: MEMIC Promotes McCracken; NFP Appoints Kim; Harford Mutual Changes Leadership
MEMIC Promotes McCracken to VP of Business Intelligence and Analysis The MEMIC Group, headquartered in Portland, Maine, promoted Kaila McCracken to vice president of business intelligence and analysis. McCracken joined MEMIC in 2017 and previously served as director of financial …
Chicago Construction Billionaire Deepens Bet on Data Centers
Clayco, a Chicago-based builder led by billionaire Bob Clark, is positioning itself to grab for more of the boom in data centers. The company is starting a new unit called Clayco Compute to sharpen the focus on data centers and …
SEC Sues Elon Musk Over Late Disclosure of Twitter Stake
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world’s richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter, the social media company he …
With Uber Boost, Group Seeks Reforms to Lower New York’s High Insurance Costs
Remember the 2010 The Rent Is Too Damn High campaign by Jimmy McMillan? Some people in New York now think insurance is too damn high. A new coalition with backing from Uber Technologies is launching a campaign to lower insurance …
Colonial Shuts Largest US Gasoline Pipe to Investigate Leak
Colonial Pipeline Co. shut the largest US fuel pipeline Tuesday to investigate a potential leak in Georgia. The company’s Line 1 transports 1.5 million barrels a day of gasoline between Houston, Texas, and Greensboro, North Carolina. The shutdown is expected …
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025. Cyber incidents, such as ransomware attacks, data breaches and IT outages, is the top global risk for 2025, …
War Anxiety Grips Davos Experts With Ukraine Peace Still Elusive
War is the top worry wracking the nerves of risk experts surveyed by the World Economic Forum, despite incoming US President Donald Trump’s vow to end hostilities in Ukraine. “State-based armed conflict” is the most pressing immediate concern for 2025 …
FTC Prepares Lawsuit Over Deere Equipment Repair Practices
The US Federal Trade Commission has prepared a lawsuit against tractor giant Deere & Co. alleging the company’s agricultural equipment repair practices violate competition laws, according to people familiar with the matter. The agency is prepared to file the case …
Biden Signs Executive Order to Ensure Power for AI Data Centers
President Joe Biden signed an executive order on Tuesday to provide federal support to address massive energy needs for fast-growing advanced artificial intelligence data centers, the White House said. The order calls for leasing federal sites owned by Defense and …
New Auto Liability Minimums Take Effect in North Carolina
This month, the minimum automobile liability coverage requirements in North Carolina jumped to 50/100/50, among the highest minimums in the country. The change is the result of Senate Bill 452, approved in 2023 and which became law last year. The …
Insurance Journal’s ‘Agents of the Year’ Nomination Deadline Soon.
Are you a top agent/producer? Do you know someone at your agency who is? Insurance Journal is searching for the nation’s leading independent agents and producers to become part of Insurance Journal’s Agents of the Year listing to be published …