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Philadelphia Insurance Companies has made its biggest move yet by buying the Collector Vehicle Division from Ignyte Insurance, a company backed by the investment firm Carlyle. The deal is worth $615 million and marks the largest acquisition in Philadelphia Insurance’s 63-year history. This purchase brings several well-known collector vehicle brands under Philadelphia Insurance’s umbrella, including … Read more

On October 14, 2025, PGM Solutions expanded its Home Factors platform with new features aimed at helping insurance companies better understand home risks. The update includes details about electrical panel locations, how old roofs are and their expected remaining life, and the types of plumbing materials used in homes. These additions bring the platform closer … Read more

Hurricane Melissa has left a massive trail of destruction in Jamaica, with damage costs expected to reach billions. The powerful Category 5 storm hit near New Hope on Tuesday, bringing winds of 185 miles per hour—the strongest hurricane Jamaica has ever seen. The storm caused severe damage, especially in Montego Bay and much of the … Read more

Willis Towers Watson (WTW) posted steady revenue and strong profits for the third quarter of 2025, recovering sharply from heavy losses recorded a year earlier. The company reported $2.29 billion in revenue for the quarter, the same as in Q3 2024. Despite flat revenue, WTW managed to turn a net loss of $1.67 billion from … Read more

General Motors is scaling back its electric vehicle and battery production in the U.S. and cutting jobs at key plants as demand for electric cars slows down. The Detroit-based automaker announced on Wednesday that it will reduce production at its electric vehicle plant in Detroit to a single shift starting in January, down from two … Read more

In a tough insurance market, Greenwood General Insurance Agency recently pulled off an impressive feat by securing a rare property insurance policy for a warehouse in Simi Valley, California. Located in a wildfire-prone area surrounded by dense brush, the warehouse had been turned down by multiple insurers due to the high risk. The warehouse, valued … Read more

Fermi Inc., a new player in the energy sector, has announced plans to build four large nuclear reactors in the Texas Panhandle. The reactors will power a private data center campus, aiming to support the growing demand for energy from technologies like artificial intelligence. This marks a bold move in an industry that has seen … Read more

A former director at a U.S. military contractor has admitted to stealing and selling $35 million worth of secret software to a Russian cyber broker. Peter Williams, 39, worked at Trenchant, a company owned by L3 Harris Technologies that creates hacking tools for the U.S. government and its allies. Williams used his access to steal … Read more

A U.S. court has revived a $185 million verdict against Bayer’s Monsanto unit tied to chemical contamination at a school in Washington state. This ruling came from the Washington Supreme Court, which overturned a lower court’s decision that had canceled the verdict from a 2021 trial involving three teachers at Sky Valley Education Center in … Read more

A Florida appeals court has overturned a $200 million verdict against Johns Hopkins All Children’s Hospital in a high-profile negligence case involving Maya Kowalski. The family had won the massive award in 2023 after a jury found the hospital liable for the suicide of Maya’s mother, Beata Kowalski, in 2017. The case drew wide attention … Read more