Patricia Wells

Shape Underwriting, based in London, has made a significant move by acquiring Protect Underwriting LLP, a specialist in high-net-worth insurance. This acquisition is particularly notable as it is Shape Underwriting’s first since the company rebranded from Clear Group. The financial terms of the deal have not been revealed. Mandy Hunt, the managing director of Shape … Read more

The St. Cloud Area Family YMCA has agreed to pay $140,000 to settle a sexual harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). This decision comes after the EEOC found that female employees, including two teenagers, faced harassment from a manager at the YMCA. The manager allegedly made inappropriate sexual advances and … Read more

SiriusPoint Ltd., a specialty insurer and reinsurer based in Bermuda, has announced the promotion of Chris Fenn to the position of global head of Marine. This move comes as part of the company’s effort to enhance its global marine operations. Fenn, who previously led the Marine team in London for SiriusPoint International, joined the company … Read more

Texas lawmakers are taking steps to address the rising costs of homeowners’ insurance, even as they recognize that many factors driving these increases are beyond their control. Recent legislative efforts include bills aimed at limiting how much insurance companies can raise rates and improving transparency for homeowners regarding coverage decisions. In Texas, homeowners are facing … Read more

Patriot Growth Insurance Services has teamed up with Ladd Gardner Aviation Insurance, a specialized agency located in Addison, Texas. This partnership, announced recently, is set to enhance the services offered to clients in the aviation sector. Ladd Gardner founded the agency in 2007, bringing with him a passion for aviation and extensive industry experience. Ladd … Read more

Connecticut’s Paragon Insurance Holdings has made a significant move by acquiring WISE Risk, a wholesaler specializing in event-driven and specialty insurance products. This acquisition is part of Paragon’s strategy to enhance its specialty media and contingency platform, Reel Media Insurance Services. WISE Risk, located in Needham, Massachusetts, focuses on providing insurance solutions for the entertainment, … Read more

Los Angeles Mayor Karen Bass is facing tough challenges as she manages the city during a difficult time. With a budget shortfall nearing $1 billion, the aftermath of January’s wildfires still lingering, and the upcoming 2026 World Cup and 2028 Olympic Games, her plate is full. In a recent interview with Bloomberg News, Bass praised … Read more

The U.S. Environmental Protection Agency (EPA) has reached a settlement with Nalco Production LLC and Nalco Co. LLC over alleged violations of the Clean Air Act. The companies, which produce polymer blend chemicals, are based in Chicago, Illinois. They will pay a penalty of $401,300 as part of this agreement. The EPA claims that Nalco … Read more

Liberty Mutual Holding Company Inc. reported a significant drop in its first-quarter earnings for 2025, posting a net income of around $1 billion. This marks a decline of about 33% compared to the same period last year. The company faced substantial catastrophe losses during the first three months of the year, primarily due to wildfires … Read more

Indiana Farm Bureau Insurance has announced the promotion of Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. The company, based in Indianapolis, made the announcement on May 8, 2025. Zeilinga has been with Indiana Farm Bureau Insurance since 2002. He started as an agent in Marion County and worked his way up through the … Read more