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Business Moves: BayPine to Acquire Broker Relation From Aquiline
Private equity firm Aquiline Capital said it has entered into a definitive agreement to sell independent insurance broker Relation to investment firm BayPine. Chicago-based Relation was ranked No. 24 in Insurance Journal’s Top 100 Independent Property/Casualty Agencies report with about …
POSTED FEBRUARY 18, 2026 8:20 PM |
Verisk Downplays AI Disruption Fears as Quarterly Profit Beats Estimates
Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
POSTED FEBRUARY 18, 2026 5:22 PM |
ITRC: Data-Breach ‘Transparency Is on Life Support’
An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
POSTED FEBRUARY 18, 2026 5:13 PM |
Inszone Acquires Texas’ Scarbrough, Medlin & Associates
Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
POSTED FEBRUARY 18, 2026 4:23 PM |
Specialty Program Group Integrates Anova Marine and Logistiq Insurance Solutions
Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
POSTED FEBRUARY 18, 2026 4:18 PM |
Ohio Asphalt Companies to Pay $30M to Settle False Claim Act Allegations
Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
POSTED FEBRUARY 18, 2026 4:06 PM |
Luxury Steamer Wreck Found in Lake Michigan After 60-Year Quest
Searchers have discovered the wreck of a luxury steamer that sank in a Lake Michigan gale in the late 19th century, completing a quest that began almost 60 years ago. Shipwreck World, a group that works to locate shipwrecks around …
POSTED FEBRUARY 18, 2026 3:59 PM |
Camden Diocese’s Sex Abuse Claims Fund to Get $180 Million Boost
The Catholic Diocese of Camden, New Jersey and several holdout insurers have agreed to add $180 million to a trust fund to pay claims of survivors of sexual abuse by the church’s clergy. The $180 million is in addition to …
POSTED FEBRUARY 18, 2026 3:20 PM |
Environmental Groups Challenge Decision to Revoke Basis of Climate Regulations
A coalition of health and environmental groups sued the Trump administration on Wednesday over its decision to revoke the scientific finding that forms the basis of U.S. climate regulations. The legal challenge filed in the U.S. Court of Appeals for …
POSTED FEBRUARY 18, 2026 3:04 PM |
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance
Florida regulators announced a crackdown on people selling vehicle insurance products without a license. Insurance Commissioner Michael Yaworsky this week ordered American Dream Auto Protect Inc., an auto warranty company, to cease operations because it did not have a license …
POSTED FEBRUARY 18, 2026 2:47 PM |
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