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2 08, 2024

AI Startup Suno Says Music Industry Suit Aims to Stifle Competition

By | August 2nd, 2024|Uncategorized|Comments Off on AI Startup Suno Says Music Industry Suit Aims to Stifle Competition

AI music startup Suno is pushing back against the world’s biggest record labels, saying in a court filing that a lawsuit they filed against the company aims to stifle competition. In a filing Thursday in federal court in Massachusetts, Suno …

2 08, 2024

Governor Calls on Flood-Weary Vermonters to ‘Stick Together’

By | August 2nd, 2024|Uncategorized|Comments Off on Governor Calls on Flood-Weary Vermonters to ‘Stick Together’

Vermont’s governor said Wednesday that the latest storms to hit the state have undone much of the cleanup and recovery work from its last major bout of flooding only weeks ago, and he called on residents to “stick together” amid …

1 08, 2024

District of Columbia Sues StubHub Claiming It Inflates Ticket Prices With Deceptive Fees

By | August 1st, 2024|Uncategorized|Comments Off on District of Columbia Sues StubHub Claiming It Inflates Ticket Prices With Deceptive Fees

The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees. The practice known as “drip pricing” violates consumer protection laws in the …

2 08, 2024

Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath

By | August 2nd, 2024|Uncategorized|Comments Off on Midwestern Farmers Who Say Yes to Solar Power Face Neighbors’ Wrath

When Michigan farmer Clara Ostrander heard about the benefits of hosting a solar energy project, she remembered something her father had told her four days before he died: Don’t sell the farm. Keep it in the family. Skeptical at first, …

1 08, 2024

Ardonagh’s Geo Underwriting to Acquire Navigators & General

By | August 1st, 2024|Uncategorized|Comments Off on Ardonagh’s Geo Underwriting to Acquire Navigators & General

Geo Underwriting, the managing general agency and subsidiary of Ardonagh Advisory, announced it will acquire Navigators & General (N&G) from Zurich UK. Financial details of the deal were not disclosed. Founded in 1921 by Captain William Coombs, a merchant navy …

2 08, 2024

People Moves: Wrigley to Lead DeCotis Commercial Lines Team

By | August 2nd, 2024|Uncategorized|Comments Off on People Moves: Wrigley to Lead DeCotis Commercial Lines Team

DeCotis Specialty Insurance, headquartered in Providence, Rhode Island, named Jessica Wrigley as director of commercial lines. Wrigley’s responsibilities include overseeing the commercial lines division, managing key customer and carrier relationships, developing new business opportunities and supervising high-value renewals. Wrigley’s insurance …

1 08, 2024

Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses

By | August 1st, 2024|Uncategorized|Comments Off on Arch Completes Acquisition of Allianz’s U.S. MidCorp and Entertainment Businesses

Arch Insurance North America it has closed the acquisition of the U.S. MidCorp and Entertainment insurance businesses from Allianz. Nearly 500 former Allianz MidCorp and Entertainment employees have joined Arch and will provide continuity to clients and brokers as Arch …

2 08, 2024

Guy Carpenter: CrowdStrike Outage to Cause $300M-$1B in Insured Losses

By | August 2nd, 2024|Uncategorized|Comments Off on Guy Carpenter: CrowdStrike Outage to Cause $300M-$1B in Insured Losses

Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …

1 08, 2024

UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters

By | August 1st, 2024|Uncategorized|Comments Off on UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters

Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …

2 08, 2024

J&J MGA Acquires Georgia-Based Strickland General Agency

By | August 2nd, 2024|Uncategorized|Comments Off on J&J MGA Acquires Georgia-Based Strickland General Agency

Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as SGA, is a multi-line excess and surplus …