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Shares of Pinnacle Financial Partners took a sharp hit following news that it will merge with Synovus Financial Corp. in a deal valued at $8.6 billion. This marks the biggest drop for Pinnacle’s stock in over five years. The two banks, both worth roughly $8 billion and serving the southeastern U.S., plan to combine in … Read more

The U.S. manufacturing industry relies heavily on its equipment, with nearly $1.8 trillion worth of machines, tools, and robotics keeping production lines running smoothly. But when key equipment breaks down, the consequences can stretch far beyond a paused assembly line. Production delays, lost revenue, and damage to a company’s reputation are real risks that manufacturers … Read more

Last week, Las Vegas became the center of insurance innovation as over 9,000 insurance professionals and 762 sponsors gathered for InsureTech Connect (ITC) 2025 at Mandalay Bay. The event lived up to its reputation, offering three days filled with discussions, deals, and new discoveries that showcased the rapid changes shaping the industry. This year’s ITC … Read more

Greg Zimmer, the CEO of Alliant Insurance Services, recently appeared on Insurance Business TV to talk about the rapid growth of his company. Alliant was recognized as one of this year’s fastest-growing brokerages. During the interview, Zimmer shared insights about how the company spots new opportunities in the market and what drives its strong, high-performance … Read more

The world of cyber insurance is facing a new challenge as claims of wrongful data collection rise rapidly, shifting the focus away from traditional data breaches. At the heart of this shift is an old California law, the California Invasion of Privacy Act (CIPA), which was originally created in 1967 to regulate wiretapping. Today, it … Read more

Jeff Pannell, the longtime leader of Farm Bureau Insurance of Tennessee, will step down as CEO at the end of this year. After nearly four decades with the company, Pannell shared the news during the company’s annual agents’ conference. Pannell said he is retiring to spend time with a new grandchild, who is expected soon. … Read more

The Michigan Department of Insurance and Financial Services has suspended two title insurance agents for mishandling customers’ escrow funds. The move comes after an investigation revealed that customers who had paid taxes, utilities, and liens through escrow accounts managed by the agents were notified those payments were not made. The agents in question are Tobby … Read more

The acting head of FEMA, David Richardson, defended the agency’s handling of the recent devastating floods in central Texas, which claimed at least 136 lives. Speaking to a House committee, he rejected criticism that federal response efforts were slow or disorganized. Richardson said the coordination between federal and state agencies worked well, calling it “a … Read more

Ivory Gem, a small Idaho company that sells clothing online, has taken Allstate Insurance to court over a denied claim for damaged inventory worth $267,000. The lawsuit, filed in the U.S. District Court for Idaho, accuses Allstate of undervaluing the loss and delaying payment, which Ivory Gem says forced it to lay off all staff … Read more

Arthur J. Gallagher & Co. has expanded its reach in the Midwest with the acquisition of Strategic Services Group, Inc., an employee benefits consulting firm based in Rochester Hills, Michigan. The financial details of the deal were not made public. Strategic Services Group serves clients throughout Michigan and the wider Midwest region. Key leaders of … Read more