INSURANCE NEWS
Medical Transport Plane Crash in Philadelphia Leaves 7 Dead, 19 Injured
A Medevac plane that crashed in Northeast Philadelphia killed one person on the ground and left 19 others hospitalized, in addition to killing all six people on board the aircraft, the city’s mayor said on Saturday. “This is a tragedy …
Inszone Acquires Texas Classic
Inszone Insurance Services announced the acquisition of Texas Classic Insurance Agency, Inc. This transaction further strengthens Inszone’s foothold in Texas and enhances its capabilities in the personal lines insurance market. Founded in 1991, Texas Classic Insurance Agency has served clients …
Willis Takes Donnelly From Marsh to Head North America Risk & Broking
Willis said it has hired veteran leader Pat Donnelly as head of risk & broking (R&B) in North America. Donnelly had been president, Marsh specialty and global placement – a position he held since the middle of 2023 when he …
Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs
Norfolk Southern’s solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D.C. — has the CEO feeling optimistic about 2025. The railroad, based in Atlanta, earned $733 million, …
Tri-State Region Blood Center Hit With Ransomware Attack
One of the country’s largest blood donor and research centers has suffered a ransomware attack. The New York Blood Center (NYBC) said that on Sunday, January 26, it identified “suspicious activity” affecting its IT systems. Third-party cybersecurity experts investigated and …
Texas Dairy, Poultry Producers Grapple With Bird Flu
Just as quickly as the bird flu is spreading, the virus is changing. Nearly three years ago, a flock of pheasants in Erath County became the first case of the bird flu in Texas. Since then, the bird flu has …
Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024
Aon reported net income attributable to shareholders of $716 million during the fourth quarter, a 44% increase from the $498 million reported in Q4 2023. For full-year 2024, net income attributable to shareholders increased to $2.7 billion, or $12.49 per …
Hawaii Wildfire Victims Spared From Testifying After Deal Over $4B Settlement
Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial that was scheduled to begin Wednesday over how to split a $4 billion settlement. The agreement means victims and survivors will not have to testify, …
Howden Said in Talks to Buy Insurance Broker Risk Strategies
Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter. The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso …
Corporate ‘Irritation’ Over ESG Fueled by Significant Costs
As ESG rapidly morphs into one of the least-loved labels in global finance, those monitoring the development say it’s not all down to ideology. Instead, annoyance with environmental, social and governance metrics has grown along with regulatory requirements around ESG …
DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
Companies and government agencies around the world are moving to restrict their employees’ access to the tools recently released by the Chinese artificial-intelligence startup DeepSeek, according to the cybersecurity firms hired to help protect their systems. “Hundreds” of companies, particularly …
Floods in France Force Evacuations and Cut Power to Homes
Flooding caused by Storm Herminia forced the evacuation of thousands of people in northwest France, while hundreds of homes remain without power. Back-to-back storms — Éowyn followed by Herminia — have triggered the worst flooding in 40 years in parts …