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Lockton announced the appointment of Tom Knop as Yacht Practice Leader for Lockton Private Risk Solutions. Knop’s appointment strengthens the firm’s private yacht and recreational marine capabilities and reinforces Lockton’s commitment to providing tailored, expert-driven solutions for high-net-worth individuals and …

An Atlanta-area woman alleges that she was wrongly diagnosed with cancer and underwent an unneeded hysterectomy because of a labeling error. Cassandra Barksdale and her attorneys filed a lawsuit Tuesday against Kaiser Permanente alleging the mix-up led to the surgery …

Sunstar Insurance Group announced it has acquired RJR Faribo Insurance Agency, an independent agency serving clients in Minnesota. he collaboration marks Sunstar’s entry into Minnesota and strengthens the firm’s growing Midwest presence. With locations in Eden Prairie and Faribault, RJR …

Oakbridge Insurance, ranked as one of the 50 largest independent U.S. brokerages, has signed an agreement with Valentine Insurance in Memphis, the firms announced. The deal is a strategic partnership/joint venture, not a true acquisition. The Memphis agency will be …

In a few short years, US artificial intelligence startups have grown into some of the most powerful and influential businesses in the world, reaching near-trillion-dollar valuations. As two of them, Anthropic and OpenAI, prepare for initial public offerings, there’s a …

Brown & Brown’s executive vice president and grandson of the brokerage’s founder has resigned, marking another turning point in what may prove to be one of the most turbulent periods in the 87-year-old company’s history. P. Barrett Brown, younger brother …

The heatwaves that have hit France in recent months could result in €10 billion to €15 billion ($17 billion) in direct and indirect costs, French environment minister Monique Barbut said on Wednesday. Barbut cited estimates from France’s national statistics agency, …

Commercial property insurer FM said it has acquired FortressFire, a provider of wildfire intelligence solutions for homes, businesses and communities. FortressFire will operate as an independent, wholly owned division of Johnston, Rhode Island-based FM and will continue its work to …

Root Inc. and The Zebra said they have partnered to make auto insurance easier for consumers and agents. Quotes from Columbus, Ohio-based insurtech Root can be received via TheZebra.com, an insurance marketplace and agent network. The consumers will go directly …

World Insurance Associates Names Casey CFO World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Ann Casey as World Retail chief financial officer effective September 1. Casey will lead the retail controllership and retail M&A accounting integration functions and …

A federal investigation into the release of a deadly gas at a Baileyville-based wood pulp mill found that the employer exposed workers to safety and health hazards that resulted in the death of two workers. The Occupational Safety and Health …

Russian President Vladimir Putin threatened to retaliate against any European Union moves to seize his country’s commercial ships, calling such actions “piracy.” As part of a new sanctions package last month, the bloc approved a mechanism allowing member states to …

As climate events intensify, exposure is expanding, and loss severities from secondary perils, such as convective storms, wildfires, floods and hail, are no longer easily dwarfed by hurricanes or earthquakes. These perils have contributed significantly to the insured losses in …

HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and a wealth push in Asia. The departure, first reported by Reuters, …

Rapid swings in AI data centers’ power demands are straining vital equipment, causing batteries, generators and cooling systems to malfunction or wear out far sooner than expected. As the AI boom accelerates, these technical problems suggest added costs and unforeseen …

The U.S. Food and Drug Administration on Tuesday finalized guidance for preparation and packaging of fresh-cut produce, recommending measures such as sanitation control, supplier verification and refrigeration to reduce the risk of foodborne illnesses. The guidance for ready-to-eat produce comes …

The US just sweltered through the warmest month ever recorded. The average temperature for the US mainland reached 76.9F (24.9C) in July, the National Oceanic and Atmospheric Administration said on Monday. The US government has been tracking temperatures for 132 …

Water levels on the Rhine river are dwindling further, with no relief in sight, forcing companies that rely on the waterway to adjust rapidly to keep goods flowing.Levels at Kaub, Germany — the Rhine’s shallowest point — have fallen to …

Delta Air Lines Inc. is investigating an unauthorized Wi-Fi network on a Monday flight out of Las Vegas, where a major cybersecurity conference was held over the weekend. The US airline is working with federal law enforcement officials and aviation …

More German drivers than ever are switching to electric vehicles due to the jump in fuel prices triggered by the US-Israeli war on Iran. A record 12% replaced their combustion-engine car with an EV in the second quarter, according to …