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Fire Fund Helps Raise PG&E to Investment Grade Six Years After Bankruptcy
PG&E Corp., which filed for bankruptcy in 2019 following devastating blazes, was upgraded to investment grade by Fitch Ratings after the California legislature boosted the size of a fire insurance fund. The ratings agency attributed the upgrade to the approval …
POSTED SEPTEMBER 26, 2025 5:26 PM |
Korean Insurer DB to Buy Fortegra for $1.65 Billion in US Foray
South Korea’s DB Insurance Co. agreed to buy US specialty insurer Fortegra Group for $1.65 billion, in what would be the biggest US acquisition by a non-life insurer from the country. The Seoul-based company will purchase 100% of Fortegra’s outstanding …
POSTED SEPTEMBER 26, 2025 4:46 PM |
Inszone Acquires Arkansas Best Insurance Agency
Inszone Insurance Services announced its expansion into Arkansas through the acquisition of Arkansas Best Insurance Agency, Inc., a long-standing independent agency based in Hot Springs, Arkansas. Founded in 1905, Arkansas Best Insurance Agency has proudly served clients across Arkansas and …
POSTED SEPTEMBER 26, 2025 4:18 PM |
Part of Hospital’s Roof Ripped Off as Damaging Storms Hit Oklahoma
Storms carrying heavy rain and damaging winds ripped part of the roof off a hospital in eastern Oklahoma on Tuesday afternoon, forcing some patients to be evacuated, according to county officials. The Northeastern Health System hospital in Sallisaw had to …
POSTED SEPTEMBER 26, 2025 4:16 PM |
Lawsuit Alleges Ohio Officer Fatally Shot Pregnant Mother Without Proper Training
An Ohio police officer accused of shooting to death a pregnant Black mother two years ago was not trained or supervised properly, according to a federal lawsuit filed Wednesday against the police chief and the township that employed him. The …
POSTED SEPTEMBER 26, 2025 4:10 PM |
Ohio Machine Shop Ordered to Pay Back $134K
The U.S. Department of Labor has obtained a default judgment requiring Akron, Ohio-based Markham Machine Co. Inc. and its owner to restore more than $134,000 to the company’s retirement plan after the company violated federal law. Entered by the U.S. …
POSTED SEPTEMBER 26, 2025 4:03 PM |
Attorneys Urge Court Overseeing Tylenol Autism Lawsuits to Reconsider
Families appealing the dismissal of their lawsuits alleging that Kenvue’s Tylenol or generic versions of the pain-relief medication caused their children’s autism are asking an appeals court to consider President Donald Trump’s new advice that pregnant women avoid the pain …
POSTED SEPTEMBER 26, 2025 3:48 PM |
Swiss Re Takes a Look at Hidden Behavioral Forces Behind Skyrocketing Jury Awards
The exponential growth of liability claims costs and social inflation in the United States, in part, is being driven by changing juror sentiment and shifts in societal norms, according to analysis from Swiss Re. “Liability claims costs in the United …
POSTED SEPTEMBER 26, 2025 3:37 PM |
Judge Preliminarily Approves $1.5B Anthropic Copyright Settlement
A federal judge in California on Thursday preliminarily approved a landmark $1.5 billion settlement of a copyright class action brought by a group of authors against artificial intelligence company Anthropic, according to the authors’ representatives. The proposed deal marks the …
POSTED SEPTEMBER 26, 2025 3:19 PM |
Newman Named CEO of ACORD Solutions Group
ACORD announced that Chris Newman has been appointed chief executive officer of ACORD Solutions Group (ASG). Newman has led (re)insurance company operations across both the retail and specialty markets, including setting up operations in North America, Latin America, Asia and …
POSTED SEPTEMBER 26, 2025 2:18 PM |
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