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AM Best Downgrades State Farm Mutual Auto
AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates included in the rating action …
POSTED NOVEMBER 19, 2025 4:10 PM |
Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M
A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory …
POSTED NOVEMBER 19, 2025 2:43 PM |
HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit
Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday. Hewlett Packard is seeking …
POSTED NOVEMBER 19, 2025 2:29 PM |
‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business were either flat or lower …
POSTED NOVEMBER 19, 2025 2:19 PM |
King Risk Acquires Surles Agency in North Carolina
King Risk Partners, which said it is now the 51st largest insurance brokerage in the United States, has acquired Stuart Surles Insurance agency in Angier, North Carolina, near Raleigh. The Surles agency, founded some 30 years ago, specializes in farm …
POSTED NOVEMBER 19, 2025 2:12 PM |
Single Loose Wire Led to Blackout That Caused Dali Crash Into Baltimore Bridge
A plastic label on a single loose wire that blocked the wire from being fully connected caused an electrical blackout that led to the fatal collision of the 984-foot-long containership Dali into Baltimore’s Francis Scott Key Bridge in 2024. Investigators …
POSTED NOVEMBER 19, 2025 1:45 PM |
People Moves: Marsh UK Promotes Addington-Smith as CEO, Succeeding Lay
Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of James Addington-Smith as CEO of Marsh UK. Subject to regulatory approval, Addington-Smith will take up his new role early in 2026 and report to Flavio Piccolomini, CEO, Marsh …
POSTED NOVEMBER 19, 2025 1:44 PM |
US Faces Winter Blackout Risks From Data Centers’ Power Needs
Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter, according to the regulatory body overseeing grid stability. Power consumption has grown 20 gigawatts from the …
POSTED NOVEMBER 19, 2025 1:18 PM |
Russia Attacks on EU Are State-Sponsored Terrorism, Top Diplomat Says
The European Union’s top diplomat said that Moscow’s aggression against the bloc, including an explosion that occurred in Poland over the weekend, should be considered terrorism. “These sabotage acts they are organizing on our territories in different countries are extremely, …
POSTED NOVEMBER 19, 2025 1:14 PM |
Oil Tanker Seized by Iran Is Released With Cargo Missing
An oil tanker that was seized by Iranian forces last week has been freed but without its cargo, the vessel’s manager said. The crew of the Talara, which was captured on Friday, are safe and in good spirits, Columbia Shipmanagement …
POSTED NOVEMBER 19, 2025 12:37 PM |
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