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First Financial to Acquire Westfield Bancorp From Ohio Farmers
First Financial announced that it has entered into a definitive agreement to acquire Westfield Bancorp, in a cash and stock transaction, from Ohio Farmers Insurance Company. Ohio Farmers is the parent company of the global property and casualty insurance group …
POSTED JUNE 25, 2025 4:52 PM |
Ryan Transactional Risk Launches Environmental Practice Product
Ryan Transactional Risk announced the launch of a new product that will specialize in insuring the risk of cost overruns for environmental remediations and clean-ups. Ryan Transactional Risk Enviro is providing Environmental Remediation Cost Overrun insurance for corporate transactions and …
POSTED JUNE 25, 2025 4:44 PM |
People Moves: Holmes Murphy Announces New Shareholders
Holmes Murphy, headquartered in Waukee, Iowa, named 23 new employees who made their first stock purchase after completing the company’s premier leadership program, Holmes Murphy University. Shareholders help determine the direction of major company initiatives, grow employees and the company, …
POSTED JUNE 25, 2025 4:42 PM |
NHTSA Contacts Tesla on Robotaxi Issues Seen in Online Videos
The National Highway Traffic Safety Administration is seeking information from Tesla after reviewing online videos of a robotaxi allegedly using the wrong lane and of speeding by another driverless vehicle. The U.S. auto safety agency said it is “aware of …
POSTED JUNE 25, 2025 4:10 PM |
Markets/Coverages: Brit Launches Digital Flood Product for US Market
Brit Group Holdings Limited announced the launch of Brit Flood, a new digital underwriting platform for brokers to help address the protection gap which exists in the US flood market. “With floods occurring more frequently, the role of private insurance …
POSTED JUNE 25, 2025 3:39 PM |
Howden Gets Regulatory Nod to Launch Reinsurance Unit in Kingdom of Saudi Arabia
Howden, the London-based insurance intermediary group, announced it has received regulatory approval to launch a reinsurance operation in the Kingdom of Saudi Arabia. The new business will be led by Motaz Bukhari, who has been appointed chief executive officer of …
POSTED JUNE 25, 2025 3:28 PM |
AXA Launches Unified Ceded Re Team for Greater Operational Alignment
AXA announced an organizational restructuring that integrates the AXA Group and AXA XL Ceded Reinsurance teams to create a unified Ceded Re team, effective July 1, 2025. The unified Ceded Re team will operate under the leadership of Guy Van …
POSTED JUNE 25, 2025 3:06 PM |
College Team Physicians Wary of Greater Liability Risk With Athletes Making Money
The professionalization of college sports has prompted concern among team physicians that they will be exposed to a greater risk of being sued by athletes who claim a poor outcome from treatment caused them to lose future earnings. Before July …
POSTED JUNE 25, 2025 2:32 PM |
US Declares Power Emergency in Southeast on Heat Wave
The Trump administration has declared a power emergency in the US Southeast as a blistering heat wave strains grids across the country. The emergency order by the Energy Department allows Duke Energy Corp. to exceed certain air pollution limits and …
POSTED JUNE 25, 2025 2:21 PM |
Louisiana Attorney General Sues CVS for Deceptive Practices
Louisiana Attorney General Liz Murrill said on Tuesday she had filed three separate lawsuits against CVS CVS.N for unfair, deceptive and unlawful practices “that have harmed Louisiana patients, independent pharmacies, and the public at large.” The state is seeking both …
POSTED JUNE 25, 2025 2:18 PM |
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