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Melissa Jamaica Damage Seen Costing Insurers Up to $3 Billion
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 …
POSTED NOVEMBER 01, 2025 12:12 AM |
PHLY Makes Largest Acquisition in Its History With Collector Car Business Expansion
Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes …
POSTED OCTOBER 31, 2025 9:25 PM |
Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes
The city of Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of a pedestrian who was struck by a city bus, the second fatality involving the same driver since 2015. Wayne County Judge Kathleen …
POSTED OCTOBER 31, 2025 4:41 PM |
People Moves: Texas State Office of Risk Management Names Hays as Executive Director
The Texas State Office of Risk Management Board of Directors announced Sara Hays as the newly appointed Executive Director. Hays joins the Office after many years of state service, including Chief of Staff for two state representatives and Budget and …
POSTED OCTOBER 31, 2025 4:32 PM |
North Dakota Judge Says Greenpeace Must Pay $345M in Pipeline Lawsuit
A North Dakota judge has ordered Greenpeace to pay damages of $345 million, reducing an earlier jury award after it found the environmental group and related entities liable for defamation and other claims in connection with protests of an oil …
POSTED OCTOBER 31, 2025 4:21 PM |
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