INSURANCE NEWS
FBI Warns Against Two Fake Videos as Officials Combat Election Disinformation
The FBI on Tuesday warned Americans about two new fake videos falsely citing terror threats and voter fraud, the latest in a string of disinformation that officials expect will intensify as voters head to the polls on Election Day and …
Arthur J. Gallagher & Co. Acquires Michigan’s Peabody
Arthur J. Gallagher & Co. announced the acquisition of Fenton, Michigan-based Peabody Insurance Agency, Inc. (Peabody Insurance). Terms of the transaction were not disclosed. Peabody Insurance is a retail insurance agency serving commercial and personal lines clients primarily in southeast …
States Worried About Election Unrest Take Security Precautions
A security fence rings a Las Vegas building where a Nevada county tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. The National Guard has been or …
Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct
Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take over the risk carrier based in …
In Florida’s Weed Wars, Griffin and DeSantis Clash With Trump and ‘Pot Daddy’
In Florida’s weed wars, the big money is going against Governor Ron DeSantis and the financier of his anti-cannabis crusade, billionaire Ken Griffin. The Citadel founder has funded about half of the campaign against a referendum on legalizing recreational marijuana …
Biden Declares Major Disaster Area in New Mexico Due to Historic Flooding
President Joe Biden declared a major disaster area in southeast New Mexico after historic flooding killed two people and forced the rescue of more than 300 last month. The declaration announced last week makes federal funding available to residents in …
Rescuers Find Body of Final Missing Tenn. Factory Worker Swept Away by Flooding
ERWIN, Tenn. (AP) — Rescue workers in Tennessee have recovered the body of the final person still missing after massive flooding from Hurricane Helene hit a plastics factory there. Rosa Andrade, 29, was one of six employees killed after they …
Boeing Dismantles DEI Team as Pressure Builds on New CEO
Boeing Co. has dismantled its global diversity, equity and inclusion department, making it the latest high-profile corporation to make changes to its DEI policy as its new top leader oversees a broader revamp of the company’s workforce. Staff from Boeing’s …
Finland Records First Hurricane-Force Winds Off West Coast
Finland’s coastal waters were hit by hurricane-force winds for the first time, as more extreme weather batters Europe. Storm Lyly brought an average wind speed of 33.5 meters per second on Friday to Kylmapihlaja, off the coast from the city …
Specialist Risk Group Acquires UK-Based MGA NW Re
Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …
Trucker Crashes Into Stopped Traffic in Michigan, Killing 4
WEBBERVILLE, Mich. (AP) — A section of Interstate 96 in southeast Michigan remained closed Sunday after a semitruck crashed into more than a dozen vehicles overnight, killing 4 people and injuring 17 others, according to state police. Traffic on I-96 …
Agency Settles With Chicago Mortgage Firm Over Racial Discrimination Claims
The top U.S. consumer financial watchdog agency on Friday said it had reached a settlement in a long-running lawsuit with a Chicago mortgage lender over alleged racial discrimination. Under the terms of the proposed agreement, Townstone Financial would pay a …