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A 6th House Has Collapsed into Atlantic on North Carolina’s Outer Banks

RODANTHE, N.C. (AP) — Another house has collapsed into the Atlantic Ocean along North Carolina’s coast, the sixth to fall along the Cape Hatteras National Seashore’s beaches in the past four years, according to U.S. National Park Service officials. About …

California Supreme Court Resolves Question on Coverage for COVID Business Shutdowns

The California Supreme Court has resolved a question about insurance coverage for COVID-19 business shutdowns in the issue of a virus exclusion in a ruling that is consistent with the vast majority of courts nationwide: the presence of the virus …

Aon/NFP’s Lenox Advisors Acquires Maryland Benefits Firm Serving Medical Pros

Lenox Advisors, Inc., an affiliate of NFP, an Aon company, reports it has acquired Martin/Wight & Co., a Maryland-based insurance and financial services firm that specializes in serving medical professionals. Founders Brian Martin and Ted Wight will join Lenox as …

Building Explosion Kills Bank Employee, Injures 7 Others in Youngstown, Ohio

YOUNGSTOWN, Ohio (AP) — A massive explosion blew out much of the ground floor of an apartment building, killing a bank employee and injuring several other people. Police and emergency officials initially blamed natural gas, but the fire chief later …

Marsh McLennan Acquires Texas’ Perkins Insurance Agencies

Marsh McLennan Agency, a subsidiary of Marsh, announced the acquisition of Perkins Insurance Agencies, an Abilene, Texas-based independent agency. Terms of the acquisition were not disclosed. Founded in 1977, Perkins primarily provides commercial property and casualty and personal lines coverage …

American National Exiting Homeowners Insurance Market

Following its announcement several months ago to leave the homeowners insurance business in nine states including California and Louisiana, American National appears to be exiting the line in all states. According to a letter sent to employees and other stakeholders …

Michigan Willing to Repair Flint Homes Ripped Up by Pipe Replacement

DETROIT (AP) — The state of Michigan said it’s willing to step in and oversee property repairs at 1,900 homes in Flint where water pipes have been inspected or replaced but the grounds remain a mess. The city in March …

Inszone Acquires Texas’ T Blackwell Insurance Group

Inszone Insurance Services announced the acquisition of T Blackwell Insurance Group, an agency based in Garden Ridge, Texas. Founded by Tracey Blackwell in 2012, T Blackwell Insurance Group has carved a niche in personal lines insurance, offering a spectrum of …

Banks, Asset Managers Warned of ‘Huge’ Fallout From UK’s New Greenwashing Law

Banks and asset managers in the UK woke up to a new reality on Friday, as the country enforces some of the most far-reaching anti-greenwashing rules ever seen. Due to its broad scope, the new requirement from the Financial Conduct …

AM Best Revises Outlooks to Stable, Affirms Excellent Ratings for MEMIC Group

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of workers’ compensation specialist Maine Employers’ Mutual Insurance Co. in Portland, Maine …

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