Patricia Wells

Alchemy Insurance Solutions is stepping up its game in the insurance market for cannabis businesses. As a specialty Managing General Agent (MGA), Alchemy focuses on providing tailored insurance programs for niche industries across the U.S. They have built strong partnerships with A-rated carriers to deliver customized coverage for high-risk sectors, including cannabis operations, self-storage facilities, … Read more

BioLab Inc. has announced that it will not rebuild its chlorine manufacturing plant in Conyers, Georgia, following a serious fire that occurred on September 29. This decision comes after the company struggled to resume operations at the facility, which has a history of dangerous incidents, including explosions and chemical fires that have affected nearby communities. … Read more

A 21-year-old man has been charged for providing alcohol to a younger fan who fell from the stands during a Pittsburgh Pirates game. The incident happened on April 30, when Kavan Markwood, 20, fell from a 21-foot-high wall at PNC Park, landing on the warning track below. Ethan Kirkwood, from McKeesport, Pennsylvania, was arrested on … Read more

The property and casualty (P&C) insurance market is facing significant challenges as it works to find a balance between risk and profitability. Recent reports highlight that after years of rising premiums and market exits, many companies are still trying to stabilize their operations. Notably, auto insurance has shown some improvement, buoyed by sharp premium hikes … Read more

Owners of dangerous dogs in Florida will soon face stricter regulations after the governor signed House Bill 593 into law this week. This new legislation, known as the Pam Rock Act, aims to enhance public safety following tragic incidents involving dog attacks. Under the new law, which takes effect on July 1, owners of dogs … Read more

Mercedes-Benz is making a significant move by expanding its North American headquarters in metro Atlanta. The automaker announced this plan on Thursday, stating it will bring about 500 new jobs to its existing facility in Sandy Springs. This site has been serving as Mercedes-Benz’s U.S. headquarters since 2018 and currently employs around 800 people. The … Read more

Private capital firms are finding new ways to raise cash in a tough market for deals. They are increasingly turning to a specialized financial product known as collateralized fund obligations, or CFOs. These instruments allow firms to break down their private portfolios into bonds that often receive high ratings, making it easier for them to … Read more

Insurance Journal is gearing up for its annual rankings of the top independent property and casualty insurance agencies. The deadline for submissions is fast approaching, with firms needing to enter by June 6 to be considered for the prestigious 2025 Top 100 Agencies and Top Agency Partnerships listings. Agencies can qualify in four categories: the … Read more

Shareholders of Helvetia Holding Ltd. and Baloise Holding Ltd. have given the green light for a merger that will create Helvetia Baloise Holding Ltd. This decision came during their extraordinary general meetings. Once finalized, the merger will position Helvetia Baloise as the second-largest insurance group in Switzerland and among the top ten listed insurers in … Read more

Teena Maria Hostovich, a 66-year-old insurance brokerage executive from La Cañada Flintridge, California, is set to plead guilty to violating federal campaign finance laws. The U.S. Department of Justice has charged her with making illegal contributions to a joint fundraising committee, totaling over $10,000 in a year. According to the DOJ, Hostovich admitted to making … Read more