Patricia Wells

Union election results at a new electric vehicle battery plant in Kentucky remain uncertain after several disputed ballots emerged that could influence the outcome. The vote took place at BlueOval SK, a huge battery factory run by Ford and its South Korean partner SK On, located in Glendale, Kentucky. This plant will supply batteries for … Read more

From the sky, Florida’s freshwater springs look like hidden gems—clear, cool, and inviting for people and animals alike. The state has more than 1,000 natural springs, more than any other in the country, providing a beach-like escape for many who live far from the ocean. Teens dive off docks, snorkelers explore the waters, and families … Read more

The average yearly insured property loss caused by natural events worldwide has jumped to $152 billion. This is quite a leap compared to recent years, according to data from Verisk, a data analytics company. The increase is largely due to more frequent but smaller storms, winter weather, wildfires, and floods, rather than massive disasters. Rob … Read more

Aspire General Insurance, a California-based auto insurance provider, has secured a new source of funding through a strategic debt financing deal with Comvest Partners. This move aims to strengthen Aspire’s financial footing, allowing the company to grow its services, reach more customers, and keep improving its insurance technology. Comvest Partners, a private investment firm active … Read more

Sitting on his porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes finds it hard to understand why anyone wouldn’t want to live in this waterfront city. “People are always going to gravitate to the water,” he said. “And we have a beautiful waterfront.” But after Hurricane Katrina devastated the area in 2005, wiping … Read more

Skyward Specialty Insurance Group is set to acquire Apollo Group Holdings Ltd., a Lloyd’s insurer, for $555 million. The Houston-based company will buy Apollo from private equity firm Alchemy, paying partly in cash and partly in Skyward Specialty shares. The deal, which is expected to close in early 2026 pending regulatory approval, brings a new … Read more

Insurance rating agency AM Best has confirmed an A+ (Superior) financial strength rating for Allstate Insurance Group. This decision was announced on Thursday, reflecting confidence in Allstate’s position in the market and its recent efforts to improve profitability. Allstate, based in Northbrook, Illinois, faced some tough times with losses in 2022 and 2023 due to … Read more

The United States, Japan, and South Korea have joined forces to stop North Korea from using overseas IT workers to fund its weapons programs. The three countries warned that Pyongyang’s operatives are getting smarter at hiding their activities as they secure freelance contracts around the world. North Korean programmers often mask their identities with fake … Read more

Bain Capital is set to acquire Jensten Group, a well-established UK commercial insurance broker, in a deal expected to close in the last quarter of 2025. The private investment firm reached a definitive agreement to buy Jensten from Livingbridge, a mid-market private equity firm based in the UK. The financial details of the transaction were … Read more

Ben Jealous, who briefly led the Sierra Club earlier this year, was removed from his position following allegations of sexual harassment and bullying. An employee at the environmental group filed a complaint accusing Jealous of making unwelcome sexual comments, including graphic remarks about his own sex life and the bodies of female colleagues. The complaint … Read more