Patricia Wells

Aventum’s $12 Million Investment in In-House Technology: A Game Changer for the Insurance Industry Aventum, a prominent London-based international re/insurance group, is making headlines with its ambitious $12 million investment over the next two years aimed at establishing an in-house proprietary technology function. This strategic move reflects the company’s commitment to enhancing operational efficiency and … Read more

MGM Resorts International has reached a significant settlement of $45 million to resolve a class action lawsuit stemming from data breaches that occurred in 2019 and 2023. This settlement, which has received preliminary approval from a federal judge, addresses serious concerns regarding the security of private customer information. Overview of the Data Breaches The data … Read more

Trucordia Expands Its Reach with CADA Insurance Acquisition in Louisiana In a strategic move that highlights the growing trend of mergers and acquisitions in the insurance sector, Trucordia has successfully acquired the insurance operations of CADA Insurance Services. This acquisition marks a significant expansion for Trucordia, which now strengthens its presence in Louisiana with multiple … Read more

Michigan’s Electric Vehicle Revolution: A Bright Future Amidst Challenges As the electric vehicle (EV) industry faces significant scrutiny and policy shifts, Michigan stands out as a beacon of hope and transformation. The state, long recognized as the heart of American automotive manufacturing, is evolving into a leading hub for electric vehicle investment. With over $27 … Read more

Maine Earthquake: A Surprising 3.8 Magnitude Shakes New England On a seemingly ordinary winter morning, residents of northern New England were startled by a 3.8-magnitude earthquake that struck near the southern coast of Maine. Occurring at approximately 10:22 a.m. on Monday, the quake’s epicenter was located about six miles southeast of York Harbor, according to … Read more

AIG Restructures Leadership for Enhanced Operational Efficiency American International Group (AIG) has announced a strategic reorganization into three primary segments, a move aimed at improving operational efficiency and delivering greater value to its stakeholders. This restructuring will see Jon Hancock at the helm of two significant divisions, reflecting a shift in leadership focus within the … Read more

Understanding the Impact of Over-Regulation on Insurance Markets The landscape of insurance in the United States is significantly shaped by regulatory frameworks, which can either bolster or hinder market efficiency. Recent insights from the American Property Casualty Insurance Association (APCIA) highlight a pressing issue: over-regulation can stifle competition and ultimately harm consumers. The APCIA Report: … Read more

Introducing DUAL Cyber Active Protect: A New Era in Cyber Insurance and Prevention In an age where cyber threats loom large, DUAL Europe is making waves with the launch of its innovative product, DUAL Cyber Active Protect. This groundbreaking solution merges comprehensive cyber insurance with proactive cyber prevention services, setting a new standard in the … Read more

South Carolina Woman Arrested for Filing Fake Deer Insurance Claim In a bizarre twist of events, a woman from South Carolina has found herself in legal trouble after allegedly attempting to commit insurance fraud by filing a false claim involving a deer. This incident follows a similar case involving a bear, highlighting the lengths to … Read more

Participate in the 2025 Agency Salary Survey: Your Voice Matters As the deadline approaches for the 2025 Agency Salary Survey, it’s crucial for all retail agency professionals to make their voices heard. This survey is not just a routine exercise; it’s an opportunity for agency owners, principals, producers, and customer service representatives (CSRs) to contribute … Read more