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World Insurance Acquires Business of B. R. Alexander in Boston

Insurance broker World Insurance Associates LLC reports it acquired the business of B. R. Alexander & Co., Inc. of Boston, Massachusetts on May 1, 2023. Terms of the transaction were not disclosed. B. R. Alexander was founded in 1937. The …

Fitch: US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year

With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can absorb losses if a large hurricane makes landfall this year. Hurricane Ian was the only storm to touch down in …

Senator Says DeSantis’ Veto of Flood, Other Projects is Political Retaliation

Florida Gov. Ron DeSantis has vetoed flood-control and other measures in central and west Florida and at least one Republican claims that it was retaliation for his support for the governor’s rival in the 2024 presidential race. State Sen. Joe …

People Moves: California Commissioner Lara Makes Appointments

California Insurance Commissioner Ricardo Lara appointed new members Janise Graham and Doug Smith, as well as reappointed members Monique Howard and Sandra Moriarty to the Curriculum Board. Lara also appointed Nona Tirre Miranda to the California Automobile Assigned Risk Plan …

Family Suing California Cemetery After Remains of Juneteenth Trailblazer Missing from Burial Plot

Relatives of a late Black businessman who helped popularize Juneteenth in San Diego are suing a cemetery after his remains were reported missing from the family’s burial plot. Greenwood Memorial Park and Mortuary informed the family that Sidney Cooper’s body …

Federal Regulator Throws Wrench Into Massachusetts Right-to-Repair Plans

A right-to-repair motor vehicle law in Massachusetts that was passed by voters two years ago but been held up in court has hit what could be a major roadblock. A federal regulator says car manufacturers cannot obey the law, which …

States Are Rushing to Regulate Deepfakes as AI Goes Mainstream

Images of former President Donald Trump hugging and kissing Dr. Anthony Fauci, his ex-chief medical adviser. Pornographic depictions of Hollywood actresses and internet influencers. A photo of an explosion at the Pentagon. All were found to be “deepfakes,” highly realistic …

New York Governor to Propose State Regulation After Fatal Tour Boat Accident

Gov. Kathy Hochul said Friday she wants the state to have regulatory authority over boats that operate in caves and similar waterways following a fatal tour boat accident in an underground water tunnel off the Erie Canal. The Office of …

Purtill Named Permanent CFO of AIG

Sabra Purtill has been named permanent chief financial officer of American International Group (AIG), the company said. Purtill was called on in late January to fill the role of interim CFO after the firing of former interim CFO Mark Lyons, …

FloodFlash Partners with EPIC to Provide Flood Insurance in California

Parametric flood insurance company FloodFlash announced new partnerships with EPIC Insurance Brokers & Consultants to provide additional flood insurance options to businesses in California. A parametric flood insurance available to the mass market, FloodFlash’s coverage combines IoT sensor technology, computer …

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