Illinois Attorney General Kwame Raoul last week announced that his office charged a Chicago man over his role in the thefts of multiple vehicles while he was working for the city of Chicago in the Dep
World Insurance Acquires Jersey Coast Insurance
World Insurance Associates reported it has acquired the business of Jersey Coast Insurance of Margate City, New Jersey. Terms of the October 1.2025 transaction were not disclosed. Jersey Coast Insuran
Dozens Killed After High-Speed Train Derails in Spain
More than three dozen people died in Spain after a high-speed train derailed and hit another coming from the opposite direction. Prime Minister Pedro Sánchez canceled his trip to Davos and declared t
Toscafund Is Said to Explore Sale of Portuguese Insurer Caravela
Toscafund Asset Management and other minority shareholders of Caravela Seguros are exploring a sale of the Portuguese insurer, according to people familiar with the matter. London-based Toscafund, whi
Trump Officials Vow to Keep All US Coal Plants Running
Trump administration officials vowed to keep US coal power plants operating, casting it as an imperative to meet surging electricity demand and drive a revival of the nation’s industrial base. &
Greensill Bank Sues UK Government for $441 Million Over COVID Loan Guarantees
Greensill Bank, a subsidiary of collapsed finance firm Greensill Capital, is suing Britain’s business department for just over 330 million pounds ($441.7 million) after it canceled guarantees fo
People Moves: Lloyd’s Appoints Bichard From PwC as CFO, Succeeding Cliff
Lloyd’s, the insurance and reinsurance marketplace, announced that Jim Bichard has been appointed as chief financial officer. He will start in April 2026 and will become a member of Lloyd’
$182M Settlement Reached in 2015 New York Train Crossing Crash That Killed 6
A more than $182 million settlement has been reached with victims of a deadly 2015 collision between a train and an SUV at a suburban New York crossing. The majority of the settlement with Metro-North
Consumer Acceptance of Telematics Widens, Says Survey
Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82%
Schrager Hampson Aviation Acquires Delaware’s Einstein Insurance
Schrager Hampson Aviation Insurance Group (SHAIG) announced the acquisition of Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware, Einstein Insurance Inc. became part