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A-Cap Insurers Agree to Mediation in Rehab Dispute with SCDOI Director
Advantage Capital Holdings, parent of Atlantic Coast Life Insurance and Southern Atlantic Re, has dropped its lawsuit against the South Carolina insurance department director and has agreed to mediation instead. “The department welcomes the insurers’ decision to put this distraction …
POSTED SEPTEMBER 29, 2026 2:57 PM |
ANV Completes Acquisition of UK Motor Warranty MGA, Car Care Plan
ANV Group Holdings Ltd., the insurance intermediary platform, announced it has completed the acquisition of Car Care Plan (CCP) from AmTrust Financial Services Inc. CCP is the number one provider of motor warranty in the United Kingdom and a market-leading …
POSTED SEPTEMBER 29, 2026 2:44 PM |
AM Best: US Home Insurers in 2025 Book First Underwriting Profit in Seven Years
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best. In fact, seven of eight years from …
POSTED SEPTEMBER 29, 2026 2:41 PM |
Florida Asks Court to Bar OpenAI From Developing New Models Without Oversight
Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of …
POSTED SEPTEMBER 29, 2026 2:10 PM |
States Challenge FAA Environmental Review of Commercial Drone Package Rules
A group of 15 states and a Texas county on Sept. 28 sued the US Federal Aviation Administration over an environmental review of planned commercial drone package delivery rules. The states — including New York, California, Massachusetts, Wisconsin and Michigan …
POSTED SEPTEMBER 29, 2026 1:11 PM |
Sapphire Minmetals Aims to Expedite $2 Billion Lawsuit Against Glencore: Chairman
Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
POSTED SEPTEMBER 29, 2026 1:06 PM |
Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
POSTED SEPTEMBER 29, 2026 12:44 PM |
Texas Governor Declares Disaster Over Diesel Prices
Gov. Greg Abbott declared a statewide disaster on Monday over soaring diesel prices and a worsening fuel shortage created by wars abroad. The 30-day disaster declaration, which can be extended indefinitely, allowed Abbott to lift some restrictions on commercial transportation, …
POSTED SEPTEMBER 29, 2026 12:08 PM |
WalkerHughes Acquires Ohio’s Burgett
WalkerHughes Insurance has acquired Burgett Insurance Agency, based in Killbuck, Ohio. The addition of Burgett further expands WalkerHughes’ footprint in Ohio and builds upon the firm’s continued growth in the state following its partnership with Sacksteder Worland Insurance Agency in …
POSTED SEPTEMBER 29, 2026 12:06 PM |
Cornell Backs Probe Into Fraternity Sexual Assault Allegations
Cornell University said it supports a decision by prosecutors to reopen a criminal investigation into allegations of sexual assault and rape at a campus fraternity, pushing back on criticism of how it handled the case. The Ivy League school defended …
POSTED SEPTEMBER 29, 2026 11:38 AM |
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