Patricia Wells

Kingstone Companies, Inc. Announces Strategic Sale of Headquarters in Kingston, NY In a significant move following its record-breaking performance in 2024, Kingstone Companies, Inc., a prominent property and casualty insurance holding company based in the Northeast, has confirmed the sale of its headquarters building located in Kingston, New York. This strategic decision aligns with the … Read more

The Unprecedented Challenge of Toxic Waste Cleanup After LA Wildfires Wildfires in Los Angeles have devastated communities, with over 16,000 homes and businesses lost to flames. The aftermath of these disasters presents a significant challenge, particularly in the cleanup of hazardous materials left in the wake of destruction. The urgency of the cleanup has been … Read more

New Leadership Appointments at SCOR and AXIS Capital Holdings: A Focus on Growth in Casualty Insurance The insurance industry is undergoing significant transformations, and recent leadership changes at SCOR and AXIS Capital Holdings illustrate this dynamic landscape. These appointments highlight the companies’ commitment to enhancing their casualty insurance segments, driving growth, and leveraging experienced leadership. … Read more

Tragic House Fire Claims Lives of Three Siblings in West Bloomfield Township In a heartbreaking incident over the weekend, a house fire in West Bloomfield Township, a suburb of Detroit, resulted in the tragic deaths of three siblings. The victims, a 16-year-old girl and her two younger brothers, aged 15 and 12, were unable to … Read more

Allstate Corp. Posts Strong Q4 Results Despite Catastrophe Losses Allstate Corporation, a leading insurance provider based in Northbrook, Illinois, has reported impressive financial results for the fourth quarter of 2024. The company recorded a net income applicable to common shareholders of approximately $1.9 billion, marking a significant increase of 30% compared to the same period … Read more

Understanding California Wildfire Insurance: The Real Impact on the Industry The insurance sector often finds itself overshadowed by more glamorous industries like technology and entertainment. Nevertheless, it plays a crucial role in our economy, particularly when it comes to managing risks associated with natural disasters, such as the increasingly frequent wildfires in California. Recent discussions … Read more

Georgia Governor Requests $175 Million for Rising Liability Costs Georgia’s Governor Brian Kemp has made a significant request to state lawmakers, seeking $175 million to address the escalating costs of liability claims against state agencies and employees. This request comes as the state’s liability insurance fund has diminished significantly, now covering only a fraction of … Read more

U.S. Bankruptcy Judge Blocks Settlement in Alex Jones Case: What You Need to Know A significant ruling emerged from a U.S. bankruptcy court on Wednesday, as Judge Christopher Lopez halted a proposed settlement involving families who have litigated against Alex Jones. This ruling stems from Jones’ incendiary false claims regarding the tragic 2012 Sandy Hook … Read more

California Wildfires and Their Impact on Property Insurance: A Deep Dive California has long been a battleground for wildfires, but recent events have exacerbated the challenges faced by the state’s property insurance market. A recent commentary from AM Best sheds light on the alarming trends emerging from these devastating wildfires, particularly the recent Los Angeles … Read more

The European Commission’s Scrutiny of Shein: A Deep Dive into Fast Fashion’s Regulatory Challenges In recent developments, the European Commission has intensified its scrutiny of Shein, the popular online fast-fashion retailer. This move is part of a broader effort to address concerns surrounding consumer safety and the presence of illegal goods on digital marketplaces. As … Read more