Patricia Wells

MS Amlin, a global re/insurer based in Lloyd’s, has announced a significant reinsurance scheme designed to support Ukraine’s small and medium-sized enterprises (SMEs). This initiative could provide up to €1 billion (approximately $1.1 billion) annually in coverage, aimed at revitalizing the war risk insurance market in Ukraine. The scheme is a collaboration between MS Amlin, … Read more

A maintenance technician has raised serious concerns about safety issues related to the Orlando Free Fall ride at Icon Park, just days after a tragic incident where a 14-year-old boy fell to his death. Austin Campbell-Alexander claims he alerted ride operators about problems, but his warnings were ignored. In a whistleblower lawsuit, Campbell-Alexander alleges that … Read more

Heathrow Airport, one of the busiest in the world, has faced a major shutdown after a fire at a nearby electrical substation disrupted its power supply. This incident, which occurred late Thursday night, has led to significant chaos in global air travel, with experts predicting that the effects will linger for several days and cost … Read more

Federal regulators have cited Tesla for safety violations linked to a tragic incident at its Austin, Texas manufacturing plant. This follows the electrocution of Victor Gomez Sr., an electrician who was working there last summer. The U.S. Department of Labor confirmed the citations, stating that the investigation by the Occupational Safety and Health Administration (OSHA) … Read more

A tragic series of accidents in a Wyoming highway tunnel resulted in three deaths on February 14. The crashes, which involved multiple vehicles, began when a pickup truck lost control on a slick road, blocking traffic. The incident occurred on Interstate 80, near Green River, Wyoming, after a snowfall left the highway wet and possibly … Read more

The National Transportation Safety Board (NTSB) is calling out Maryland officials for not assessing the risks of the Francis Scott Key Bridge before its collapse last year. The NTSB believes that if Maryland had conducted a proper risk assessment, steps could have been taken to prevent the tragic event that occurred in Baltimore. The Key … Read more

A jury in North Dakota has ruled that Greenpeace is liable for defamation and conspiracy related to its protests against the Dakota Access pipeline. The jury awarded Energy Transfer LP, the company behind the pipeline, a staggering $660 million in damages. This verdict, reached earlier this week, has raised concerns among legal experts about its … Read more

Young insurance agents are being invited to share their thoughts in the 2025 Young Insurance Agents Opinion Survey, organized by Insurance Journal. If you are 40 years old or younger and work in the insurance industry, your insights are valuable. The survey aims to gather opinions on the industry, agency experiences, and what young agents … Read more

Delaware lawmakers are gearing up to vote on a significant change to the state’s corporate law next week. This move aims to maintain Delaware’s reputation as a business-friendly state, but critics argue that it mainly benefits wealthy shareholders. The proposed legislation makes it tougher for investors to sue over specific transactions involving controlling shareholders. For … Read more

The insurance industry is facing a significant talent shortage, creating challenges for independent agents. The Bureau of Labor Statistics predicts a 5% drop in claims professionals and around 21,500 job openings each year for the next decade. This situation makes it tough for smaller, community-focused agencies to compete with larger firms, especially when they have … Read more