Patricia Wells

Greystar Real Estate Partners has reached a tentative settlement with the U.S. Department of Justice in a lawsuit alleging that the company took part in a scheme to push up rental prices across the country. The case focuses on the use of popular industry software that reportedly helped landlords coordinate rent increases. Under the agreement, … Read more

Ford Motor Company is investing nearly $2 billion to switch its Louisville Assembly Plant in Kentucky from making gas-powered vehicles to electric ones. This plant, which has been producing traditional cars for 70 years, will soon roll out a new midsize electric pickup truck aimed at both U.S. and global markets by 2027. At an … Read more

Two notable appointments have been announced in the insurance and reinsurance sectors, highlighting fresh leadership at Aon and Blenheim Underwriting. Mehmet Shukri has stepped up as the new head of UK Client Services for Aon’s Reinsurance Solutions. Based in London, Shukri moves into this role right away. Before this, he was the deputy head of … Read more

Steven Money has stepped into a new role as assistant vice president at Alliant Insurance Services, joining the employee benefits group in Atlanta. With more than 20 years of experience, Money brings deep knowledge from both brokers and carriers. He focuses on serving mid-sized companies, offering solutions like self-funded plans, stop-loss insurance, captives, and reference-based … Read more

This year, fewer tankers have joined what’s known as the “shadow fleet” compared to previous years, as Western countries ramp up sanctions against Russia’s oil exports. The harshest restrictions yet have made it harder to find tankers willing to carry Russian oil, according to sources in the shipping industry. The European Union and Britain recently … Read more

World Insurance Associates LLC has expanded its reach by acquiring Abacus Insurance and Financial Services, a Texas-based company known for its focus on commercial insurance. The deal, which was finalized on April 1, 2025, brings Abacus’ expertise and client base under World Insurance’s umbrella. The financial terms of the acquisition were not made public. Abacus … Read more

Cyber insurance is growing fast as insurers face big risks and changing threats. A recent report from Risk Placement Services (RPS) shows that new players like insurtech companies and managing general agents (MGAs) are adding more capacity to the market. At the same time, some established insurers are easing their rules to keep their customers. … Read more

On July 4, a deadly flood swept through Kerr County, Texas, tragically killing 27 people—most of them children—at Camp Mystic, an all-girls Christian summer camp. The flood struck while many campers were asleep in cabins located in a high-risk floodway along the Guadalupe River. This disaster has brought attention to the dangers facing summer camps … Read more

This spring, water levels in the main reservoir supplying Rapid City dropped so low that city officials had to start water-use restrictions much earlier than usual. The low water and ongoing drought conditions forced the state to delay putting in public boat docks at the reservoir in Pennington County. While rains in July and August … Read more

A financial advisor from Michigan is facing serious charges in court over claims of insurance fraud. Todd Bernstein, 67, who lives in Birmingham, is accused of providing false information on annuity applications for his clients, all of whom are over 65 years old. The allegations say he tried to hide the fact that these new … Read more