Patricia Wells

Berkshire Hathaway’s 2024 Annual Report: A Closer Look at GEICO’s Performance Berkshire Hathaway’s 2024 annual report has sent waves through the insurance industry, highlighting significant improvements in GEICO’s performance. Under the leadership of CEO Todd Combs, GEICO has experienced a remarkable turnaround, which was notably acknowledged by Warren Buffett in his report to shareholders. GEICO’s … Read more

New Mountain Capital Acquires NSM Insurance Group’s Commercial Division: What You Need to Know In a significant development within the insurance sector, New Mountain Capital, a prominent investment firm, has announced its agreement to acquire the commercial insurance division of NSM Insurance Group, headquartered in Pennsylvania. This strategic move is poised to reshape the landscape … Read more

Google Faces EU Charges Amid Antitrust Concerns: What You Need to Know The European Commission is reportedly preparing to charge Google with violations of the Digital Markets Act (DMA), as the tech giant’s recent changes to its search results have not satisfied the concerns of EU regulators or its competitors. This development marks a significant … Read more

Veolia Settles Flint Water Crisis Lawsuits for $53 Million: What You Need to Know In a significant development regarding the Flint water crisis, Veolia North America has agreed to a $53 million settlement to resolve all outstanding lawsuits linked to the lead-contaminated water that plagued Flint, Michigan, for nearly a decade. This settlement marks a … Read more

Incline P&C Group Welcomes Thomas Wafer to Board of Directors Incline P&C Group has announced the election of Thomas Wafer as an independent director on the Board of Directors for each of its insurance carriers. With over 40 years of extensive experience in the insurance and reinsurance industries, Wafer is poised to bring valuable insights … Read more

Michigan Court Decision: The Controversial Case of the Destroyed Clover Lawn In a recent legal battle in Michigan, a court has made headlines by overturning a significant portion of a jury’s verdict related to the destruction of a cherished clover lawn. This case not only highlights the challenges faced by homeowners but also raises questions … Read more

A Texas man has recently been sentenced to over 13 years in prison for orchestrating a massive insurance fraud scheme that totaled approximately $5 million. This case, reported by the U.S. Attorney’s Office for the Northern District of Texas, highlights the serious consequences of engaging in fraudulent activities. Details of the Fraud Scheme Jordan Ford, … Read more

How American Cities Can Enhance Water Systems to Withstand Wildfires Wildfires have become an alarming reality in the United States, threatening not just the landscapes but also the infrastructure of cities. Areas like Santa Rosa, Paradise, Boulder County, Lahaina, and Los Angeles have shown that many urban water systems were not designed to handle the … Read more

Washington Senate Bill 5331: A Game Changer for Insurance Policyholders In a significant legislative move, the Washington State Senate has advanced Senate Bill 5331, aimed at empowering the state’s insurance commissioner to order restitution for policyholders who have suffered due to the actions of insurance companies. This bill addresses a critical gap in existing laws, … Read more

Increased Scrutiny on Florida Insurance Carriers Amid Rising Consumer Complaints As Florida faces an increasing number of consumer complaints regarding unpaid hurricane losses, the state’s insurance landscape is under heightened scrutiny. Florida Insurance Commissioner Michael Yaworsky recently issued a memo emphasizing the need for insurance carriers to improve their claims-handling processes, particularly concerning claims affected … Read more