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Malibu Fire Explodes in Size, Forces Thousands to Evacuate
A Southern California wildfire whipped by “particularly dangerous” winds destroyed homes, shut schools and spurred the evacuation of thousands of people near Malibu. The Franklin Fire has now scorched about 2,600 acres after starting late Monday and remains out of …
POSTED DECEMBER 10, 2024 9:30 PM |
Hub Acquires Fairfield County Bank Insurance Agency
Global insurance broker Hub International Limited announced that it has acquired the assets of Fairfield County Bank Insurance Services, LLC. Terms of the transaction were not disclosed. Headquartered in Ridgefield, Connecticut, with additional offices across the state and in New …
POSTED DECEMBER 10, 2024 6:50 PM |
Swarm of Moderate to Strong Quakes Hit Alaska’s Aleutian Islands
A series of moderate to strong earthquakes that struck Alaska’s western Aleutian Islands and offshore areas Sunday comprised what scientists call a “swarm,” but the state’s earthquake monitors said the seismic events should not cause residents to worry. There were …
POSTED DECEMBER 10, 2024 6:09 PM |
Texas Mutual Awards $4.5M in Grants to Support Workforce Safety
Texas Mutual Insurance Company is announcing the recipients in the second round of its 2024 request for proposal initiative. The company is awarding more than $4.5 million to nearly 70 organizations across the state to support their efforts in workforce …
POSTED DECEMBER 10, 2024 5:44 PM |
Iowa Woman Pleads Guilty to Fraudulent Injury Scam at Casino
An Iowa woman pled guilty to one count of presenting false information to an insurer over an alleged fraudulent injury at a casino, following an investigation by the Iowa Insurance Division’s Fraud Bureau. Tonya Weber, age 35, of Marshalltown, pled …
POSTED DECEMBER 10, 2024 5:37 PM |
Texas Stock Exchange to Open Temporary Dallas HQ Next Year
The Texas Stock Exchange is getting ready to plant its flag in the Dallas real estate market. The upstart bourse backed by investors including BlackRock Inc. and Citadel Securities will open a temporary headquarters this spring at the Weir’s Plaza …
POSTED DECEMBER 10, 2024 5:29 PM |
Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024
Specialist Risk Group (SRG), the London-based insurance intermediary backed by Warburg Pincus and Temasek, announced the acquisition of specialist insurance broker, R3. R3 is SRG’s 11th acquisition in 2024, following previous acquisitions which include Stonehatch, Capulus, and Anthony James Insurance …
POSTED DECEMBER 10, 2024 5:26 PM |
Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, …
POSTED DECEMBER 10, 2024 4:42 PM |
NFP Expands Presence in Texas With Acquisition of Capstone Strategies
NFP announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in …
POSTED DECEMBER 10, 2024 4:40 PM |
North Carolina Town Sues Duke Energy Over Climate Crisis
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state …
POSTED DECEMBER 10, 2024 3:44 PM |
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