Patricia Wells

The National Highway Traffic Safety Administration (NHTSA) is looking into nearly 1.3 million Ford F-150 pickup trucks due to concerns about unexpected gear shifts. This investigation affects models from 2015 to 2017 and comes after 138 complaints from drivers. Drivers have reported that their trucks can suddenly downshift to lower gears while driving at highway … Read more

Lloyd’s of London reported solid financial results for 2024, showcasing its ongoing commitment to disciplined underwriting and profitable growth. The market achieved a profit before tax of £9.6 billion, which is a slight decline from £10.7 billion in 2023. Despite this drop, the company enjoyed a 6.5% increase in gross written premiums, totaling £55.5 billion, … Read more

Independent insurance agents are facing a crucial moment as many recognize the need to upgrade their outdated systems. Many agencies still rely on a mix of spreadsheets, emails, and paper files, which can lead to inefficiencies and frustration. To thrive in today’s fast-paced insurance market, agents must transition to a modern, all-in-one agency management system. … Read more

Air Lease Corp., an aircraft leasing company, announced on Monday that it has received $328.5 million in cash as part of insurance settlements. This payment is related to aircraft that were stranded in Russia after the country invaded Ukraine in 2022. Before the invasion, Russia was an important market for aircraft leasing companies. They would … Read more

Argo Group International Holdings has appointed Chris Donahue as its new CEO. This change comes after Donahue joined the company as chief financial officer in November 2023, right when Brookfield Reinsurance finalized its acquisition of Argo Group. Jessica Buss, who was the CEO at that time, is stepping down from her role. Jonathan Bayer, chair … Read more

CoreLogic, a well-known property data provider, has announced a significant change: it is rebranding itself as Cotality. This new identity comes with a fresh logo and a new tagline, “Intelligence beyond bounds.” Patrick Dodd, the president and CEO of Cotality, shared his thoughts on the rebrand, emphasizing the importance of the property ecosystem for individuals, … Read more

Cybersecurity risks from third-party vendors are causing significant problems for businesses, according to new findings from Resilience, a cyber solutions company based in San Francisco. In 2024, 31% of the claims they handled were linked to third-party risks, which include issues like ransomware attacks and outages affecting vendors. Vishaal "V8" Hariprasad, the co-founder and CEO … Read more

Recreational boating is a popular activity in the United States, with nearly 12 million registered vessels. Florida leads the way as the state with the most boats. Alongside these motorized vessels, millions of people also enjoy kayaking, canoeing, and sailing, with 18.6 million kayakers and 9.6 million canoers reported. While boating can be a fun … Read more

Bird flu has been found in a sheep in northern England, marking the first known case of this kind globally. The British government announced this development, raising concerns about the spread of the disease among mammals and the potential for a pandemic. The H5N1 bird flu virus has already caused deaths in various mammals worldwide, … Read more

AM Best has made a significant update regarding Westfield Insurance Company and its affiliates, now giving them a stable outlook for their Long-Term Issuer Credit Ratings. This change comes after a period of negative outlook and reflects improvements in the company’s financial health. Westfield, which is based in Westfield Center, Ohio, is a subsidiary of … Read more