INSURANCE NEWS

Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit

Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share basis, the Tampa-based insurance agency and brokerage said it had …
Read More

Selectsys Acquires Expert Insured, with AI for Carriers, MGAs

Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed. With headquarters in Boston, Expert Insured also has …
Read More

Connecticut Lawmakers Ban Use of Foreign-Made Drones by State, Local Agencies

HARTFORD, Conn. (AP) — Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using Chinese and Russian drones while also imposing restrictions on where drones can be operated in the state. The bill comes …
Read More

Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment

A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train …
Read More

US Soldier Linked to AT&T Hack Accused of Contacting Spy Agency

A 21-year-old US soldier accused of trying to sell AT&T call records of Donald Trump’s family members also attempted to pawn off sensitive data to a foreign intelligence organization, according to court documents. Cameron Wagenius pleaded guilty earlier this year …
Read More

Why People Rebuild in Appalachia’s Flood-Ravaged Areas Despite Risks

On Valentine’s Day 2025, heavy rains started to fall in parts of rural Appalachia. Over the course of a few days, residents in eastern Kentucky watched as river levels rose and surpassed flood levels. Emergency teams conducted over 1,000 water …
Read More

Philadelphia Tests Bullet-Resistant Glass to Protect City Bus Drivers

Philadelphia’s public transit system is moving forward with plans to test-run bullet-resistant glass enclosures for drivers on city buses, joining other cities hoping to provide more protection for drivers who often face violence and harassment from passengers. Law enforcement officers …
Read More

Mansion at Risk of Tumbling Into Cape Cod Is Demolished

A luxury home that had been on the verge of tumbling into Cape Cod Bay due to erosion has been demolished. A potential collapse of the 5,100-square-foot home threatened oyster beds in nearby Wellfleet Harbor, but a dispute over its …
Read More

Woman Pleads Guilty to Federal Charge in Plot to Sell Elvis’ Graceland Home

A Missouri woman pleaded guilty Tuesday to a federal charge accusing her of concocting a brazen plot to defraud Elvis Presley’s family by trying to auction off his Graceland mansion and property before a judge halted the mysterious foreclosure sale. …
Read More

Insurtech Root Finishes 2024 With First Yearly Profit

Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based parent company of Root …
Read More

People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of …
Read More

Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO

Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and brokers more closely at the country level with the introduction of market units. In addition, it announced that Katie McGrath, …
Read More