Patricia Wells

Reinsurance rates have been on a downward trend this year, particularly during the January renewals. However, experts from Moody’s Ratings predict that prices for US property-catastrophe reinsurance may stabilize during the midyear renewals. This forecast comes after significant loss events in the US, including Hurricanes Helene and Milton, as well as wildfires in Los Angeles, … Read more

Missouri Attorney General Andrew Bailey is making headlines with his recent legal actions against China and Starbucks. His office announced plans to seize assets from China to enforce a $24.5 billion judgment related to COVID-19. This lawsuit, originally filed by his predecessor, Eric Schmitt, claims that China’s actions during the pandemic harmed Missouri by hoarding … Read more

A significant legal battle has unfolded involving Texas Tech University Health Science Center and a former applicant, George Stewart. Stewart, who had an impressive academic record with a 3.96 GPA from the University of Texas at Austin and a 511 score on the MCAT, alleged that he was denied admission in favor of less qualified … Read more

Twenty years before the Titanic made headlines, another ship was making waves on the Great Lakes. The Western Reserve, an all-steel cargo ship, set sail in August 1892, aiming to break speed records. This 300-foot freighter was hailed as one of the safest vessels of its time. Owner Peter Minch was so proud of the … Read more

Keystone Agency Partners has made a significant move by acquiring Ascent Insurance Group, a well-known insurance agency based in Oklahoma. This deal also includes the Cole, Paine & Carlin Insurance Agency, which will now operate under Ascent Insurance Group. Aaron Bogie, the new CEO of Ascent Insurance Group, expressed excitement about the partnership. He noted … Read more

Two more people have been arrested in connection with the tragic death of Caleb Wilson, a 20-year-old student at Southern University. Wilson died after being punched during a fraternity hazing event that took place off-campus. The Baton Rouge police announced the arrests of Kyle Thurman, 25, and Isaiah Smith, 28, who now face felony criminal … Read more

California Insurance Commissioner Ricardo Lara has provisionally approved a 22% interim rate hike for State Farm, the largest homeowners insurer in the state. This decision comes as the California Department of Insurance announced that the increase will be valid only if State Farm can provide solid evidence to support the hike during a public hearing … Read more

USG Insurance Services has welcomed Joshua Reinhold to its Tampa office as an associate producer and broker. This hiring is part of the company’s efforts to expand its presence across the country. Reinhold brings seven years of experience in the insurance industry. He spent three years as an account associate at Insurance Office of America. … Read more

Mergers and acquisitions in the insurance industry hit a significant low in 2024, marking the lowest activity in 16 years. A recent report from Clyde & Co. highlights that global insurance mergers and acquisitions (M&As) dropped to just 204 completed transactions, down from 346 in the previous year. This decline is largely attributed to a … Read more

Three hospitals in New Jersey are facing a challenging situation as their bankruptcy rescue plan is being contested by former owners. These hospitals, which serve a large community in Hudson County, are struggling financially and are at risk of closure. The plan to save CarePoint Health Systems involves a financial agreement with Hudson Regional Hospital. … Read more