Patricia Wells

Willis Towers Watson (WTW) posted steady revenue and strong profits for the third quarter of 2025, recovering sharply from heavy losses recorded a year earlier. The company reported $2.29 billion in revenue for the quarter, the same as in Q3 2024. Despite flat revenue, WTW managed to turn a net loss of $1.67 billion from … Read more

General Motors is scaling back its electric vehicle and battery production in the U.S. and cutting jobs at key plants as demand for electric cars slows down. The Detroit-based automaker announced on Wednesday that it will reduce production at its electric vehicle plant in Detroit to a single shift starting in January, down from two … Read more

In a tough insurance market, Greenwood General Insurance Agency recently pulled off an impressive feat by securing a rare property insurance policy for a warehouse in Simi Valley, California. Located in a wildfire-prone area surrounded by dense brush, the warehouse had been turned down by multiple insurers due to the high risk. The warehouse, valued … Read more

A former director at a U.S. military contractor has admitted to stealing and selling $35 million worth of secret software to a Russian cyber broker. Peter Williams, 39, worked at Trenchant, a company owned by L3 Harris Technologies that creates hacking tools for the U.S. government and its allies. Williams used his access to steal … Read more

Fermi Inc., a new player in the energy sector, has announced plans to build four large nuclear reactors in the Texas Panhandle. The reactors will power a private data center campus, aiming to support the growing demand for energy from technologies like artificial intelligence. This marks a bold move in an industry that has seen … Read more

A U.S. court has revived a $185 million verdict against Bayer’s Monsanto unit tied to chemical contamination at a school in Washington state. This ruling came from the Washington Supreme Court, which overturned a lower court’s decision that had canceled the verdict from a 2021 trial involving three teachers at Sky Valley Education Center in … Read more

A Florida appeals court has overturned a $200 million verdict against Johns Hopkins All Children’s Hospital in a high-profile negligence case involving Maya Kowalski. The family had won the massive award in 2023 after a jury found the hospital liable for the suicide of Maya’s mother, Beata Kowalski, in 2017. The case drew wide attention … Read more

A group of bunker residents and lessees has filed a class-action lawsuit against Vivos xPoint Investment Group, the California-based owner of a former military munitions site near Edgemont, South Dakota. The lawsuit claims that the leases offered to those renting underground concrete bunkers—often called “igloos”—are illegal and unenforceable, and it could lead to the company … Read more

Starr, a worldwide investment and insurance company, has agreed to buy IQUW Group, a specialty insurance and reinsurance firm that uses data and analytics alongside underwriting skills. The deal, which is still pending regulatory approval, is expected to close in the first half of 2026. Though financial details were not shared, this acquisition will help … Read more

Thomas Evans, Jr. of Biglow & Company, Inc. in Fox Lake, Illinois, has been named the new president of Big I Illinois. The announcement came during the organization’s annual convention held earlier this month in Peoria. Evans will lead the group for the next year, taking on the role of representing Illinois insurance agents at … Read more