INSURANCE NEWS
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement
The U.S. Supreme Court declined on Monday to hear a challenge to the Boy Scouts of America’s landmark $2.46 billion settlement of sex abuse claims in a case involving a group of abuse survivors who wanted to pursue lawsuits against …
Judge Lets Orsted Resume Rhode Island Offshore Wind Project Halted by Trump
A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump’s administration halted along with four other projects last month. The ruling by U.S. District …
Sexual Assault Charges Dropped Against Former AIG Exec McElroy
Authorities in Vermont have dropped sexual assault charges against David McElroy, a former executive at American International Group (AIG). According to a document filed in Vermont Superior Court in Lamoille County, the state’s attorney for Lamoille County on Dec. 31, …
Michigan Auto Industry Faces ‘a Critical Time,’ Report Says
Michigan needs to confront risks to its $348 billion piece of the global automotive industry this year and move decisively toward keeping jobs, engineering and production in the state. That message comes from Glenn Stevens, executive director of statewide industry …
People Moves: Rockford Mutual Announces Leadership Transition
Rockford Mutual Insurance Company announced CFO Mark McWethy has decided to retire effective June 30, 2026. McWethy will continue to serve the company in an advisory capacity alongside two significant leaders being promoted into their new roles. Effective immediately, Tiffany …
Texas Staffing Agency to Settle EEOC Disability Lawsuit
Peak Performers, incorporated as St. Vincent de Paul Rehabilitation Services of Texas, Inc., an Austin-based staffing agency providing staffing and recruitment services for workers with disabilities, agreed to pay $160,000 to a disabled former employee and institute significant reforms to …
Texas Medical Marijuana Industry Sprouts New Businesses, Patients
After lawmakers blunted expansion for years, Texas’ medical marijuana industry is slated to see more marijuana operators coming online, current ones opening more facilities and more Texans enrolling in the program this year. In September, Texas officially rolled out the …
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching
Alliant Insurance Services is the latest to join a group of brokers suing new competitor Howden US over what it calls Howden’s “smash-and-grab” strategy to take teams from other brokers. The suit also names three former employees—Jessie Guerrero, Christina Murphy, …
Companies Work to Handle Safety Challenges of New Venezuelan Oil Exports: Sources
Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and …
Business Moves: Nexus Acquires Medical Tourism MGA; SRG Buys North of England Broker Kennett; Jensten Buys 3 Brokers, Gaining 1st Entry in Scotland
Nexus Buys Medical Tourism MGA Sure Insurance Services Nexus Underwriting, the London-based MGA and a Brown & Brown subsidiary, announced it has acquired Sure Insurance Services, a leading provider of specialist solutions for the medical tourism industry. The deal has …
Data Centers Will Need $3 Trillion Through 2030, Moody’s Says
At least $3 trillion is set to flow into data-center-related investments over the next five years, capital that will rely on the might of multiple areas of the credit markets to provide, according to Moody’s Ratings. Trillions of dollars will …
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns
Eliminating state income taxes sounds great to many voters, but Republicans backing the push in multiple states still face questions about whether such big tax cuts can be made without raising other taxes or sharply cutting state funding for education, …