Patricia Wells

Alijah Arenas, a top college basketball recruit and freshman at the University of Southern California, opened up about a terrifying crash involving his Tesla Cybertruck earlier this year. The accident happened in April in Los Angeles when the steering wheel on his electric truck suddenly stopped working, causing him to crash into a fire hydrant. … Read more

Brit Group Holdings Limited has introduced Brit Flood, a new online tool designed to help insurance brokers offer faster and more flexible flood coverage in the United States. This platform aims to close the gap in flood protection as floods become more frequent across the country. With over 13 years of experience providing primary flood … Read more

Ryan Transactional Risk has introduced a new insurance product aimed at helping companies manage the risk of unexpected costs during environmental clean-ups. The product, called Ryan Transactional Risk Enviro, is designed to cover cost overruns in projects involving environmental remediation, such as corporate deals, mergers and acquisitions, and real estate developments. This insurance is meant … Read more

The U.S. National Highway Traffic Safety Administration (NHTSA) is looking into Tesla’s new robotaxi service after spotting videos online that show one self-driving car using the wrong lane and another speeding. These incidents have raised safety questions as Tesla recently launched a limited paid robotaxi program in Austin, Texas, deploying around a dozen autonomous vehicles. … Read more

A cargo ship that caught fire in the middle of the Pacific Ocean earlier this month has now sunk. The vessel was carrying around 3,000 vehicles, including about 800 electric cars, when flames broke out on board. The fire started on a deck loaded with electric vehicles, and despite efforts to control it, heavy weather … Read more

First Financial is set to acquire Westfield Bancorp in a deal valued at $325 million, marking another step in its growth across the Midwest. The deal, which will combine cash and stock, brings Westfield’s retail banking branches and its insurance and private banking services into First Financial’s expanding network. Ohio Farmers Insurance Company, the parent … Read more

Holmes Murphy, an insurance agency based in Waukee, Iowa, recently welcomed 23 new employees as shareholders. These team members earned their shares after finishing the company’s top leadership program, Holmes Murphy University. Becoming a shareholder gives employees a say in the company’s future, helps the business grow, and strengthens the company culture. The new shareholders … Read more

As we reach the midpoint of 2025, the property and casualty insurance industry is facing significant challenges. Economic volatility and changing consumer behaviors are making it harder for insurers to stay competitive. Many consumers are now more careful with their finances, leading to shifts in how they approach insurance purchases. One major concern this year … Read more

Coalition has launched a new tool called the Helios platform, designed to help cedants manage their cyber risk exposures in real time. This platform provides a self-service option for cedants, allowing them to access information that used to be available only in summary documents. Shawn Ram, Coalition’s chief revenue officer, emphasized the importance of real-time … Read more

COVU, Inc., a company based in San Francisco, has announced its acquisition of Ford Insurance Agency, a family-run business with over a century of history located in Eliot, Maine. This acquisition marks a significant step for COVU, which is on a mission to create a national platform that leverages artificial intelligence for customer service and … Read more