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NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate
New York City Mayor Eric Adams has signed into law legislation reducing the auto-insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that the city’s 74,000 …
POSTED JULY 02, 2025 11:25 AM |
Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Australian Property Broker; UK’s Direct Line Now Owned by Aviva
Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. Ltd., a leading retail insurance broker headquartered in Kyoto. Founded in 2001 by …
POSTED JULY 02, 2025 10:47 AM |
Highway Robberies Are Now Just Part of Doing Business in Mexico
Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew their …
POSTED JULY 02, 2025 9:43 AM |
M&S Expects Cyberattack Impact to Be Over by August, CEO Says
Marks & Spencer Group Plc expects its online services to be fully restored in the next four weeks as it continues to recover from April’s cyberattack, Chief Executive Officer Stuart Machin said. “I’m really hoping by August the majority of …
POSTED JULY 02, 2025 9:08 AM |
Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack
A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targeted a call …
POSTED JULY 02, 2025 8:18 AM |
Viewpoint: Broker’s Key Takeaways From kWh Analytics’ 2025 Solar Risk Report
The 2025 Solar Risk Assessment report, recently released by kWh Analytics, has sparked significant discussion among industry professionals about the evolving challenges facing renewable energy assets. To explore the report’s findings in depth, kWh Analytics convened its Renewable Energy Broker …
POSTED JULY 02, 2025 5:17 AM |
People Moves: Kaminski Returns to Zurich NA to Lead Direct Markets; Chubb Names Williams Private Equity Leader; Trucordia Names Khanna CIO
Todd Kaminski, a 30-year veteran of Schaumburg, Illinois-based Zurich North America, returns as head of direct markets, effective July 7. Kaminski will report to Kristof Terryn, CEO of Zurich North America. He will be part of Zurich North America’s executive …
POSTED JULY 02, 2025 5:14 AM |
General Mills Changing Nature Valley Labels After Lawsuit’s Herbicide Claim
General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the herbicide commonly known as Roundup. …
POSTED JULY 02, 2025 5:07 AM |
Judge Mutes GEICO Call Center Workers’ Class-Action Demands Over Unpaid Time
A federal judge in Georgia has put a block on some GEICO call center employees’ efforts to create a class action against the insurer, which they claim failed to pay for time spent booting up computers and preparing for telemarketing. …
POSTED JULY 02, 2025 5:01 AM |
Hancock Claims Acquires Knight’s Solutions, Expanding Service in SE, Midwest
Hancock Claims Consultants, a 22-year-old claims adjusting firm with offices in Georgia and Kentucky, has acquired Knight’s Solutions, an inspection firm that works claims in the Midwest and Southeast. Neither company is a public adjuster firm but work for property …
POSTED JULY 02, 2025 5:01 AM |
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