Patricia Wells

When insurance producers decide to switch agencies but keep working with the same carriers, it often causes a lot of confusion and paperwork for everyone involved. Changing agencies might seem simple—sometimes just signing a waiver—but other times it turns into a tangled web of contracts, agreements, and state requirements. Producers switch agencies for many reasons. … Read more

Ki, the digital insurance platform backed by Lloyd’s of London, has named Jacques Bonneau as its new non-executive chair, starting July 1, 2025. Bonneau, who retired as president and CEO of PartnerRe in March 2024, brings decades of experience in the reinsurance and insurance industry to his new role. Before leading PartnerRe, Bonneau held senior … Read more

A fire at a power substation caused London’s Heathrow Airport to shut down in March, leaving thousands of travelers stranded. An official report released Wednesday revealed that the blaze was triggered by a failure in the UK power grid to properly maintain the electricity equipment. This sparked an investigation by the energy regulator, Ofgem. Heathrow … Read more

Sixth Street, a private equity firm based in San Francisco, has finalized its $5.1 billion purchase of Enstar Group, a specialty insurer that focuses on legacy businesses in Bermuda. With this deal, Enstar’s shares will be taken off the public market, and the company will operate independently as a privately owned business under the same … Read more

Trump International Hotel & Tower in Chicago has agreed to pay $4.8 million to settle a complaint over harm caused to fish in the Chicago River. The issue arose from the building’s cooling system, which pulls in river water to regulate temperature but was found to be sucking in thousands of fish and other aquatic … Read more

Texas is facing a shift in its state budget outlook as the days of big surpluses may be over. Over the past few years, the state enjoyed extra funds thanks to federal COVID-19 relief money and a boost in sales tax revenue during the post-pandemic rebound. But now, as federal emergency aid dries up and … Read more

The Illinois Attorney General’s office has reached a $1 million settlement with Midway Staffing Inc. after accusations that the temporary staffing agency took part in illegal agreements with other staffing companies. These agreements prevented the companies from hiring each other’s workers and fixed wages, limiting job options and pay for temporary employees. This settlement wraps … Read more

Washington Insurance Commissioner Patty Kuderer brought together a new group this week in Seattle to talk about how artificial intelligence is being used in the insurance world. The meeting marked the first gathering of the state’s Artificial Intelligence Advisory Board, which will focus on shaping policies, overseeing regulations, and helping consumers understand AI in insurance. … Read more

Authorities are investigating a former employee of DigitalMint, a company that helps businesses negotiate with hackers and handle cryptocurrency payments during ransomware attacks. The Chicago-based firm confirmed that the US Justice Department is looking into claims that this ex-employee made secret deals with cybercriminals to earn extra money from extortion payouts. DigitalMint’s president, Marc Jason … Read more

First Mid Insurance Group has taken a step to grow its business in Illinois by acquiring assets from AAdvantage Insurance. This purchase includes the former Waterman-Neely agency located in Chatham, Illinois. The move helps First Mid Insurance Group increase its reach around Springfield and boosts its commercial insurance services around the Metro East area and … Read more