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King Risk Acquires Nobles Agency in North Carolina
King Risk Partners, one of the largest insurance brokerages in the U.S., has acquired Nobles Insurance Agency in North Carolina, King Risk announced this week. Nobles, with offices in Raleigh, Clayton and other cities, has been in business for almost …
POSTED JUNE 18, 2025 1:55 PM |
Groups Notify Musk’s AI Company of Intent to Sue Over Facility Pollution in Memphis
The NAACP and an environmental group said Tuesday that they intend to sue Elon Musk’s artificial intelligence company xAI over concerns about air pollution generated by a supercomputer facility located near predominantly Black communities in Memphis. The xAI data center …
POSTED JUNE 18, 2025 1:40 PM |
Perelman at $410 Million Art Trial Says Fire Faded His Works
Ron Perelman told a judge that five of his paintings totaling over $400 million in value lost their luster from a fire in his Hamptons home, at the trial of his lawsuit seeking to force his insurers to cover the …
POSTED JUNE 18, 2025 1:32 PM |
Finnish Insurer Sampo Picks Thorsrud as CEO to Succeed Magnusson
Finland’s Sampo Oyj appointed Morten Thorsrud to succeed retiring Torbjorn Magnusson as chief executive officer, in a sign of continuity at the helm of the property and casualty insurer. Thorsrud, who currently runs the If P&C unit within the group, …
POSTED JUNE 18, 2025 1:31 PM |
Asset Owners With $9.5 Trillion Call for Stopping Deforestation
A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren’t supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories include Allianz SE and the …
POSTED JUNE 18, 2025 1:21 PM |
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, “One Big Beautiful Bill,” and …
POSTED JUNE 18, 2025 1:14 PM |
Religious Organizations Get New Chance for Exemption From New York Abortion Rule
The Supreme Court on Monday ordered a New York court to take a new look at whether some religious organizations should be excluded from a state regulation requiring health insurance plans to cover abortions. The justices acted after the court …
POSTED JUNE 18, 2025 1:13 PM |
People Moves: Hamilton Re and Hamilton Global Specialty Announce CEO Appointments, as Graves Retires; Aon Promotes Rieth to Global Cyber Leader
This edition of International People Moves details appointments at Hamilton Re and Hamilton Global Specialty as well as Aon. A summary of these new hires follows here. Hamilton Re, Hamilton Global Specialty Name New CEOs, as Graves Retires Hamilton Insurance …
POSTED JUNE 18, 2025 10:37 AM |
Oklahoma Man Arrested for Illegal Marijuana Grow Operations
An Oklahoma man faces felony charges for illegally growing marijuana, Attorney General Genter Drummond’s office announced. Hui Tang, 51, of Kingfisher, was arrested in the wake of a May 29 raid by The Attorney General Office’s Organized Crime Task Force. …
POSTED JUNE 18, 2025 9:00 AM |
Storm System Brings Severe Weather and Tornadoes to Central Plains and Midwest
A powerful storm system brought severe weather across parts of the Central Plains and Midwest early this week, with more storms forecast for Wednesday. A moist and unstable atmosphere led to significant rainfall, hail and tornadoes in Minnesota on Monday, …
POSTED JUNE 18, 2025 7:00 AM |
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