Patricia Wells

Legal & General’s Strategic Move: A $2.3 Billion Sale to Meiji Yasuda Legal & General (L&G), a prominent British insurer, has made headlines with its recent announcement to sell its U.S. protection business to Japan’s Meiji Yasuda for a staggering $2.3 billion in cash. This transaction marks a significant strategic shift under the leadership of … Read more

WTW Reports Strong Q4 2024 Earnings Amid Annual Losses WTW (Willis Towers Watson) has recently released its financial results for the fourth quarter of 2024, showcasing a remarkable net income of $1.25 billion. This figure represents a significant increase compared to the net income of $623 million reported in the same quarter of 2023. However, … Read more

Ryan Specialty Acquires Velocity Risk Underwriters: A Strategic Move in Specialty Insurance In a significant development in the specialty insurance sector, Ryan Specialty has successfully completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. This strategic move marks a notable expansion for Ryan Specialty, enhancing its capabilities in … Read more

King Risk Partners Expands Footprint with Barker, Beck, Collins & Kronauge Acquisition in Ohio In a strategic move to enhance its service offerings in the Midwest, King Risk Partners has officially acquired Barker, Beck, Collins & Kronauge Agency (BBC&K), a well-established independent insurance firm based in Dayton, Ohio. This acquisition marks a significant milestone for … Read more

Investigation Underway: NTSB Probes Fatal Collision Between Passenger Jet and Military Helicopter The National Transportation Safety Board (NTSB) is deep into its investigation of a tragic collision that occurred last week over the Potomac River in Washington, D.C. This incident involved an American Airlines regional passenger jet, a Bombardier CRJ-700, and a U.S. Army Sikorsky … Read more

Bally’s Casino Project Faces Legal Challenge Over Allegations of Discrimination Bally’s Corporation is currently embroiled in a significant legal battle concerning its ambitious $1.7 billion casino project in Chicago. The lawsuit, initiated by the American Alliance for Equal Rights, accuses both Bally’s and the City of Chicago of engaging in discriminatory practices against White men. … Read more

The Environmental Crisis of P-13 Wells in West Texas In the arid landscapes of West Texas, a hidden environmental crisis threatens the region’s water supply. Leaking P-13 wells—named after a Railroad Commission form—are remnants of a century-long oil exploration that have begun to seep pollutants into the earth. This article delves into the implications of … Read more

Trends in Agent-Broker Deals: Insights from the 2024 Sica Fletcher Index The landscape of agent-broker deals has seen significant shifts in 2024, as highlighted by the latest findings from the Sica Fletcher Index. This comprehensive report reveals a decrease in deal activity, with implications for the insurance industry and its stakeholders. Overview of the Sica … Read more

Orion180 Launches FLEX Home Insurance in Texas: A Game Changer for Homeowners Orion180 has officially launched its FLEX Home Insurance product in Texas, marking a significant step towards providing tailored insurance solutions for homeowners across the state. This innovative insurance offering aims to meet the diverse needs of Texas residents, especially those living in areas … Read more

North Carolina’s Urgent Recovery Efforts Post-Hurricane Helene: A Call to Action North Carolina is currently facing a critical juncture in its recovery efforts following the devastating impact of Hurricane Helene. Governor Josh Stein has made a bold request to the state legislature, urging them to significantly increase funding for recovery initiatives. His appeal highlights the … Read more