Patricia Wells

Florida lawmakers are stepping up to address growing concerns about property insurance in the state. In early March, legislative leaders gathered in Tallahassee, responding to public pressure and media scrutiny. They committed to investigating the financial practices of property insurers, particularly their dealings with managing general agents (MGAs). House Speaker Danny Perez announced this investigation, … Read more

A Texas man has been sentenced to over 13 years in prison for his role in a large insurance fraud scheme that cost companies around $5 million. Jordan Ford, 32, was charged in June 2024 and pleaded guilty to conspiracy to commit wire fraud in September 2024. On Thursday, U.S. District Judge Mark Pittman sentenced … Read more

Marsh, a leading global insurance broker based in New York City, has announced key leadership changes in its U.S. operations. Fran Curran has been appointed as the new U.S. surety leader, while Todd Schweitzer takes on the role of U.S. construction claims leader. Fran Curran, who has been with Marsh for 24 years, previously led … Read more

The U.S. property and casualty insurance sector has seen a significant turnaround, reporting its first full-year underwriting profit in four years. This shift has contributed to a remarkable rise in net income, reaching $170 billion for the year 2024, as highlighted in a recent report from Verisk and the American Property Casualty Insurance Association (APCIA). … Read more

MS Amlin, a global re/insurer based in Lloyd’s, has announced a significant reinsurance scheme designed to support Ukraine’s small and medium-sized enterprises (SMEs). This initiative could provide up to €1 billion (approximately $1.1 billion) annually in coverage, aimed at revitalizing the war risk insurance market in Ukraine. The scheme is a collaboration between MS Amlin, … Read more

A maintenance technician has raised serious concerns about safety issues related to the Orlando Free Fall ride at Icon Park, just days after a tragic incident where a 14-year-old boy fell to his death. Austin Campbell-Alexander claims he alerted ride operators about problems, but his warnings were ignored. In a whistleblower lawsuit, Campbell-Alexander alleges that … Read more

Heathrow Airport, one of the busiest in the world, has faced a major shutdown after a fire at a nearby electrical substation disrupted its power supply. This incident, which occurred late Thursday night, has led to significant chaos in global air travel, with experts predicting that the effects will linger for several days and cost … Read more

Federal regulators have cited Tesla for safety violations linked to a tragic incident at its Austin, Texas manufacturing plant. This follows the electrocution of Victor Gomez Sr., an electrician who was working there last summer. The U.S. Department of Labor confirmed the citations, stating that the investigation by the Occupational Safety and Health Administration (OSHA) … Read more

A tragic series of accidents in a Wyoming highway tunnel resulted in three deaths on February 14. The crashes, which involved multiple vehicles, began when a pickup truck lost control on a slick road, blocking traffic. The incident occurred on Interstate 80, near Green River, Wyoming, after a snowfall left the highway wet and possibly … Read more

The National Transportation Safety Board (NTSB) is calling out Maryland officials for not assessing the risks of the Francis Scott Key Bridge before its collapse last year. The NTSB believes that if Maryland had conducted a proper risk assessment, steps could have been taken to prevent the tragic event that occurred in Baltimore. The Key … Read more