INSURANCE NEWS
Lawsuit Alleges Fox Sports Ex-Host Harassed Hairstylist, Offered $1.5M for Sex
A woman who worked as a hairstylist for Fox Sports alleges in a lawsuit that former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. Attorneys for Noushin …
Virginia’s Andrew Agency Acquires Richmond Insurance Agency
The Andrew Agency has acquired Garriques, Lloyd & McMahon in Richmond, Virginia. Founded in 1963, GLM Insurance is a third-generation family-owned agency providing personal and commercial insurance throughout Virginia and North Carolina. The Andrews Agency is an independent agency based …
South Korea Reviews Airport Runway Walls After Fatal Jeju Crash
South Korea plans to review the concrete walls positioned just beyond the end of some airport runways after an aircraft attempting an emergency landing smashed into one just over a week ago, killing almost everyone on board. Authorities will alter …
Israel Cyber Firms Raise $4 Billion in 2024 on Surge of Cloud, AI Security Needs
Israeli cybersecurity firms raised $4 billion in 2024, more than double that of 2023, led by firms seeking to protect the cloud along with a surge in artificial intelligence, global venture capital firm YL Ventures said on Tuesday. Cybersecurity has …
Oil Tanker Linked to Subsea Cable Damage Has Serious Deficiencies, Finland Says
Finland’s public transport agency said on Wednesday that an oil tanker suspected of damaging undersea cables in the Baltic Sea has been found to have serious deficiencies and will not be allowed to operate until repairs have been made. Baltic …
Artificial Intelligence Energy Demand Is Driving Climate Tech Investing
Energy startups have overtaken the makers of electric cars and batteries as the top global climate tech investment for the first time since 2020. They’ve done so as the growing demand for artificial intelligence has driven interest in technologies that …
US Insurance Deals Outlook: More, More, More
In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024, and predicted an active year in 2025 with brokerage and MGA deals leading the way. According to PwC’s U.S. Insurance …
JetBlue Stowaway Deaths Probed After Florida Flight From New York
Local law enforcement officials in Fort Lauderdale are investigating the deaths of two individuals found in the landing gear compartment of a JetBlue Airways Corp. plane after it arrived at the Florida airport on Monday. A representative for the Broward …
Mercury to Return to Paradise California as Rebuilding Efforts Gain Momentum
Mercury Insurance announced this week that the company will begin writing new homeowners insurance policies in the town of Paradise, California. Mercury says it is the first major insurance company to begin offering policies to Paradise homeowners since the town …
People Moves: Baum to Succeed Swedlow as President of CWCI
The board of directors of the California Workers’ Compensation Institute named the institute’s chief operating officer, Gideon L. Baum, as its next president. Baum will succeed Alex Swedlow when Swedlow retires next summer. Swedlow announced in November he planed to …
MLB Players Affiliate Withdraws Image Lawsuit Against Pirates’ Parent Company
An affiliate of the Major League Baseball Players Association withdrew its lawsuit against the parent company of the Pittsburgh Pirates and the convenience store chain Sheetz Inc. that alleged unlicensed use of players’ names and images on social media. MLB …
Agency Network Renaissance Acquires Consolidated Insurance Agents in Buffalo
Independent insurance agency network Renaissance reports it has has acquired the agency network business of Consolidated Insurance Agents Inc. (CIA), an agency network based in Buffalo, New York. Renaissance said CIA’s 23 members collectively represent $47 million in premium and …