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United Risk Launches Multi-Line Reinsurance MGA, Names Cahill as CEO
United Risk, a subsidiary of Applied Underwriters, announced it has formed a multi-line reinsurance managing general agent. Jay Cahill, previously United Risk’s chief financial officer, has been named chief executive officer of the new MGA. He will be succeeded as …
POSTED APRIL 15, 2025 4:15 PM |
Judge Orders Bank of America to Pay $540 Million in FDIC Lawsuit
A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what it owed for deposit insurance. In a decision made public on Monday, U.S. …
POSTED APRIL 15, 2025 4:12 PM |
Texas Lawsuit Accuses Copart of Gender Discrimination and Sexual Harassment
A lawsuit filed in Texas this month accuses online vehicle auction provider Copart of gender discrimination, retaliation and sexual harassment. Christine Arnold, a former global vice president of human resources for Copart, says she was fired in retaliation for raising …
POSTED APRIL 15, 2025 4:09 PM |
Texas Measles Cases Increase 4% as Spread Appears to Be Slowing
Texas reported 20 new confirmed measles cases on Tuesday, a 4% increase from Friday’s data as the virus’ spread appears to be slowing in the hardest-hit US state. The state now has 561 total cases, with 58 people hospitalized since …
POSTED APRIL 15, 2025 3:59 PM |
MarshBerry’s FirstChoice Expands to Minnesota and Arizona
MarshBerry announced that FirstChoice, a MarshBerry Company (FirstChoice), has expanded into Minnesota and Arizona. This strategic move provides independent insurance agency owners in these states with the opportunity to join FirstChoice’s thriving network and access to unparalleled resources and support. …
POSTED APRIL 15, 2025 3:56 PM |
Hadron Acquires Michigan’s The Guarantee Company of North America
Hadron, an Arkansas-based carrier, announced its intent to acquire The Guarantee Company of North America USA (GCNA), a Michigan-domiciled insurance company, from Atlantic Specialty Insurance Company, a subsidiary of Intact Financial Corporation (TSX: IFC). This acquisition marks a major milestone …
POSTED APRIL 15, 2025 3:48 PM |
2024 Saw Second Most Tornadoes on Record in the US
New analysis indicates there were 1796 confirmed tornadoes in 2024, the second highest on record, according to NOAA’s Storm Prediction Center. The busy tornado season was driven by an active April and May in the Plains (notably quiet for much …
POSTED APRIL 15, 2025 3:32 PM |
Central European Foot-and-Mouth Disease Leads to Animal Culls and Border Closures
Authorities in several countries in Central Europe are working to contain an outbreak of foot-and-mouth disease among cattle populations that has caused widespread border closures and required the killing of thousands of animals. The outbreak was first detected on a …
POSTED APRIL 15, 2025 2:06 PM |
Growing Fast, Going Public: Florida’s American Integrity Insurance Files for IPO
American Integrity Insurance, one of the largest property insurance carriers in Florida with more than 350,000 policies in force, is going to Wall Street with an initial public offering. The Tampa-based parent company, American Integrity Insurance Group, founded in 2006, …
POSTED APRIL 15, 2025 1:57 PM |
Advocacy Group Files Suit Over Tariffs in US Court of International Trade
A legal advocacy group on Monday asked the U.S. Court of International Trade to block President Donald Trump’s sweeping tariffs on foreign trading partners, arguing the president overstepped his authority. The lawsuit was filed by the nonpartisan Liberty Justice Center …
POSTED APRIL 15, 2025 1:51 PM |
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