Maine independent agency J. Edward Knight Insurance has agreed to acquire the property/casualty book of business from another Maine agency, Atlantic Insurance & Benefits. The change will officially go into effect on January 1, 2027. Terms were not disclosed. According …
Investors involved in a class action lawsuit over the 2023 collapse of Silicon Valley Bank (SVB) have reached a $224.5 million settlement with external auditor KPMG LLP, Norway’s sovereign wealth fund said on Friday. KPMG said the settlement was not …
A fire barreled through a multifamily row house in New York early Thursday, killing six people and injuring nine others, including some firefighters and police officers, the city’s fire department said. More than 200 first responders descended on the two-story …
Last week’s $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies’ security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack when they seek new coverage or renew existing policies, industry insiders …
British drugmaker GSK has settled lawsuits that accused Moderna’s COVID-19 vaccines Spikevax and mNEXSPIKE and RSV shot mResvia of infringing its patents, the companies said on Friday. Moderna said in a Friday press release that it settled GSK’s patent litigation …
The next stop in Allstate’s journey with artificial intelligence – a personal agentic assistant for consumers. CEO Tom Wilson revealed that customers could expect an Allstate PAA early in 2027. He said the PAA has been in development for more …
The U.S. National Highway Traffic Safety Administration said on Monday it had opened a recall query into 2,895 vehicles operated by Alphabet’s self-driving unit Waymo over continued traffic safety violations involving the vehicles’ behavior when encountering school buses. The probe …
Insurance Journal’s Risky Future series is hosting the winter edition of “AI Tools for MGAs” Winter Edition Demo Day, a series of free AI tool demonstrations designed exclusively for managing general agencies, wholesalers, program administrators, and specialty carriers. In partnership …
Tesla Inc. is discontinuing the Cybertruck, the polarizing pickup that turned plenty of heads in its brief time on the market but never sold anywhere near Elon Musk’s lofty predictions. Production will wind down at Tesla’s Texas plant in the …
The Los Angeles and Long Beach seaports employer group and the International Longshore and Warehouse Union Local 26 extended their bargaining deadline through November 20, averting a potential strike by about 2% of workers at the busiest US container port …