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Florida-based national insurance agency King Risk Partners announced its continued expansion into the New England market through the acquisition of Acacia Insurance, an independent agency located in Waltham, Massachusetts. Acacia Insurance provides personal and commercial insurance solutions, including coverage for …

Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the …

Capital Insurance Group announced it will write more homeowners’ policies written in Paradise, California, helping residents impacted by the 2018 Camp Fire. CIG partnered with the Rebuild Paradise Foundation, which has helped guide residents through the rebuilding process, offering resources, …

Tesla has received a permit to operate as a transportation network company in Arizona, a state regulator said on, in a step toward expanding the electric vehicle maker’s robotaxi service. The TNC permit will allow Tesla to run an Uber-like …

Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal circumstances.” Lloyd’s Chairman Charles Roxburgh …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

OAK Global, the Lloyd’s reinsurance business, announced it has received permission from Lloyd’s to underwrite via Syndicate 1440. The new syndicate will operate as the strategic business unit OAK Enterprise, providing property and specialty retrocession capacity to clients for business …

Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The ECB has long argued …

European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party computing providers for the bloc’s finance industry. Under the EU’s Digital Operational Resilience Act (DORA), which started being applied in …

The Justice Department announced that it has filed a lawsuit against Thomas Ray Kelso, the former owner and manager of rental properties formerly known as Briarwood Apartments in Searcy, Arkansas, for engaging in sexual harassment and retaliation in violation of …

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance carrier, and the fee amount …