Top MGA Launches on Expert Insured

NEC Specialty Inc. (NECS), a prominent managing general agency on the East Coast, has officially launched its operations on the Expert Insured platform. This exciting development comes after months of careful consideration by the NECS team, who sought a solution to enhance their workflow and overall efficiency. The partnership with Expert Insured aims to modernize … Read more

Business Developments: Howden Acquires Chilean Retail Brokerage; United Risk Acquires Australian Facultative Reinsurance MGA, Pinnacle Underwriting.

Howden, a well-known insurance intermediary based in London, has made a significant move by acquiring Ureta & Fernandez Corredores de Seguros Limitada, commonly known as U&F. This independent retail insurance broker is located in Santiago, Chile. The announcement was made recently, but the financial details of the deal have not been disclosed. With this acquisition, … Read more

China Issues Warning of Additional Flooding as Severe Storms Strike the World’s Second-Largest Economy

Central and southern China are bracing for more flash floods as the East Asia monsoon season intensifies. Heavy rains are expected to disrupt daily life in the country, which is the second-largest economy in the world. On Thursday, authorities issued red alerts for the first time this year. These alerts cover several provinces, including Anhui, … Read more

Michigan Battery Manufacturer Agrees to Pay $95K to Settle Disability Discrimination Lawsuit

Navitas Systems, a battery manufacturer based in Ann Arbor, Michigan, has agreed to pay $95,000 to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). This decision follows allegations that the company enforced a policy requiring employees returning from medical leave to be completely free of any work restrictions. The … Read more

Boston Jury Awards $8 Million to Cancer Patient Who Used Johnson & Johnson Powder for a Lifetime

A Boston jury has awarded $8 million to a woman from Massachusetts, Janice Paluzzi, who developed mesothelioma after using Johnson & Johnson’s talcum powder for many years. The jury found the company responsible for negligence and breach of warranty, concluding that the asbestos in their talc products led to her terminal cancer. Paluzzi used Johnson … Read more

FTC Imposes $5 Million Fine on Payment Processor Paddle for Alleged Scheme Support

The Federal Trade Commission (FTC) has taken action against Paddle, a payment processing company, for allegedly enabling deceptive foreign operators to exploit the U.S. credit card system. This practice has reportedly cost consumers millions of dollars, particularly targeting older adults through misleading tech-support schemes. In a complaint filed by the FTC, Paddle and its subsidiary … Read more

California Utilities Increase Power Shutdowns Amid Rising Winds

California utilities have shut off power to over 62,000 customers to prevent wildfires as dry winds sweep across the state. PG&E Corp. is responsible for cutting power to about 60,000 customers in seven counties, and they may turn off more if conditions worsen. Southern California Edison Co. has also de-energized lines for nearly 2,400 customers … Read more

Board Reports That Runaway Reaction Likely Triggered Fatal Explosion at Kentucky Food Color Plant

Last November, a tragic explosion at a food-coloring facility in Louisville claimed the lives of two workers and injured three others. The U.S. Chemical Safety and Hazard Investigation Board has released new findings about the incident, shedding light on the circumstances that led to this devastating event. The explosion occurred at the Givaudan Sense Colour … Read more