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Meteorologists Say Unusually Warm Weather Is Due to Stuck Jet Stream, La Nina

America’s winter wonderland is starting out this season as anything but traditional. The calendar says December but for much of the country temperatures beckon for sandals. Umbrellas, if not arks, are needed in the Pacific Northwest, while in the Rockies …

Judges Mull Whether Trump’s Rape Claim Reply Is Protected Because He Was President

Federal appeals judges asked Friday whether a U.S. president’s every remark is part of the job as they weighed whether former President Donald Trump can be held liable in a defamation case that concerns his response to a rape allegation. …

Italian Tycoons’ Challenge to Generali Hinges on Its Strategy for Asset Management

The two Italian billionaires who are challenging Mediobanca SpA’s decades-long grip over Assicurazioni Generali SpA want Italy’s largest insurer to focus more on asset management, as they draw up their plans ahead of a battle for control in the spring. …

Arthur J. Gallagher Completes Minority Investment in MENA Specialist Broker ACE

Arthur J. Gallagher & Co. announced it has completed its 30% minority investment in Middle East & North Africa (MENA) specialist insurance broker ACE. Financial details of the deal, which was first announced in April, were not disclosed. Under the …

UK Broker Aston Lark Acquires Client Book of Choice Benefits

Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of the client book of UK-based Choice Benefits Ltd. Financial details of the deal were not disclosed. Having advised …

FEMA: $2.5 Billion Ida Aid Given to Louisiana Residents, Businesses

Louisiana residents and businesses have received $2.5 billion in federal aid related to Hurricane Ida, the Federal Emergency Management Agency said. It said another $27.8 million has been approved in public assistance grants for local governments and nonprofits. Ida was …

Oakbridge Continues SE Expansion

Oakbridge Insurance Agency, a regional independent agency, announced it has continued its Southeast U.S. expansion plans by contracting with Your Insurance Centers, an agency in Alabama. The move into Alabama is the latest for Oakbridge, which was founded less than …

Two Carolina Women Charged in Separate Insurance Fraud Cases

Two women have been charged with insurance fraud, one in connection with expired car insurance and one for providing false cancer treatment invoices, the North Carolina Department of Insurance announced. Clarlese Hobdy, 24, of Greensboro, was charged last week after …

Florida DFS Adds More Property Insurance Fraud Investigators

Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis said. The squads were authorized by the Legislature last year. …

Florida Growth Will Mean More Cat Losses; Premiums Must Rise – Summit

With good news comes bad, and vice-versa in Florida’s growing but rapidly deteriorating property insurance market, industry analysts said at a two-day Florida Chamber of Commerce Insurance Summit last week. First, some of the good news: Florida is on track …

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