El Niño Sees African Union Insurance Agency Pay Out $60 Million
The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said. …
POSTED MAY 07, 2024 4:14 PM |
Michigan Supreme Court Rules Against Couple in Drone Surveillance Case
The Michigan Supreme Court unanimously ruled in favor of a local government Friday in a dispute over sending a drone to take pictures of a rural salvage yard without permission. Liberal and conservative groups closely watched the case, even joining …
POSTED MAY 07, 2024 3:59 PM |
Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK
Casper Specialty UK Ltd., the casualty-focused MGA and independent sister company to the broker Miller, announced it had secured two new capacity providers, as it enters its second year of trading. Chaucer and TMK have joined Argenta to provide additional …
POSTED MAY 07, 2024 3:58 PM |
Higginbotham Acquires Texas’ Barnard Insurance Group
Higginbotham announced it has acquired Barnard Insurance Group of Wichita Falls, Texas. Family owned and operated since 1931, Barnard is an independent agency with services that include personal, life and health, and commercial coverage. Barnard specializes in oil and gas …
POSTED MAY 07, 2024 3:54 PM |
Skyward Specialty Announces Pricing of Secondary Offering of Common Stock
Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling …
POSTED MAY 07, 2024 3:47 PM |
US Indicts Leader of Prolific LockBit Ransomware Gang
The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday, the latest effort by law enforcement authorities to crack down on rampant cybercrime. Dmitry Yuryevich Khoroshev, a 31-year-old Russian national, …
POSTED MAY 07, 2024 3:41 PM |
Flooded East Texas Town Begins Cleanup
LIVINGSTON — Clinton Jones looked across the emergency shelter Friday. His children were going stir crazy. His wife, Samantha, and mother-in-law, Lee Farrell, were making the best of the cots and blankets they received from the Red Cross. The 27-year-old’s …
POSTED MAY 07, 2024 3:39 PM |
Acrisure Expands UK Footprint With Two Deals in Southern England
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has completed two acquisitions, expanding its southern England region, which is managed by Sutton Winson, Acrisure’s largest UK acquisition to date. Financial details of the two deals were …
POSTED MAY 07, 2024 3:34 PM |
Rising Spring Rains Pose Challenges for Midwest Farmers
SABINA, Ohio (AP) — It was just after dark as Ross Woodruff hopped into a truck to haul soybean seeds out to his brother, Mark, whose planter had run out. It was the first day they could plant after heavy …
POSTED MAY 07, 2024 3:31 PM |
Truist Finishes Insurance Subsidiary Sale; Broker Rebrands as TIH, Names All-Star Board
Truist Financial Corporation today said it completed the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital …
POSTED MAY 07, 2024 2:00 PM |