2 08, 2024

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

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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, …

2 08, 2024

People Moves: Wrigley to Lead DeCotis Commercial Lines Team

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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 …

2 08, 2024

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

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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 …

2 08, 2024

J&J MGA Acquires Georgia-Based Strickland General Agency

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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 …

2 08, 2024

Captain in California Scuba Boat Fire Must Pay $32K to Families of 3 of 34 People Killed

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A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019. Jerry Boylan’s criminal negligence as captain of the Conception …

2 08, 2024

Marsh McLennan Agency Completes Acquisition of Illinois’ The Horton Group

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Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previously announced agreement to acquire …

2 08, 2024

Ryan Specialty Builds with US Assure, a Builder’s Risk Specialist, in Jacksonville

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Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …

2 08, 2024

California Wildfire Now State’s Fourth Largest on Record, Containment Increased

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Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a …

2 08, 2024

Tropical System Could Bring Heavy Rains, Flooding to Parts of Florida

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The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …

2 08, 2024

Miami’s ‘Impossible’ Traffic Mess Shows Strains of Booming South

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Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …