Patricia Wells

A fire broke out again on Thursday at Novelis’ aluminum plant in Oswego, New York, which supplies aluminum for Ford’s popular F-150 trucks. This comes nearly two months after a previous blaze that shut down much of the plant’s production. The Oswego facility is a key supplier for Ford, especially since the F-150 trucks use … Read more

State Farm is planning to lower its personal auto insurance rates in California by 6.2%, with the change set to take effect on February 23, 2026—pending approval from the California Department of Insurance. This move comes after the insurer noticed a drop in the frequency and cost of physical damage claims, which allowed them to … Read more

Hewlett Packard Enterprise is asking for almost $1.8 billion from the estate of Mike Lynch, the late British tech entrepreneur, over its failed purchase of his company, Autonomy. The U.S. tech giant made this claim in London’s High Court on Tuesday as part of a long-running legal battle. HP bought Autonomy in 2011 for $11.1 … Read more

A federal jury in South Florida has found two men guilty of running a long-running scheme that involved signing homeless people up for health insurance under the Affordable Care Act (ACA) in a fraudulent way. Cory Lloyd, 46, from Stuart, Florida, and Steven Strong, 42, from Mansfield, Texas, convinced enough people to enroll in these … Read more

AM Best has lowered the financial strength ratings for State Farm Mutual Automobile Insurance Company and its key affiliates. The ratings dropped from A++ to A+, reflecting a shift in how the rating agency views the group’s recent performance. This rating change includes State Farm Fire and Casualty Company and State Farm County Mutual Insurance … Read more

Earlier this year, a crack in the Keystone Pipeline caused a major oil spill in North Dakota, releasing thousands of barrels of crude onto farmland near Fort Ransom. The pipeline operator, South Bow, said the problem started with a fatigue crack along a long-seam weld in the pipe. This type of crack slowly worsens as … Read more

Lloyd’s of London is looking into allegations involving its former CEO, John Neal, who was supposed to begin a new role at American International Group (AIG) next month. However, AIG announced that Neal will no longer join the company, citing “personal circumstances.” The investigation started after Lloyd’s Chairman Charles Roxburgh learned about rumors of possible … Read more

The deadline to register for the latest round of Louisiana Fortify Homes Program (LFHP) grants has been pushed back to 5 p.m. on Thursday, November 20. The Louisiana Department of Insurance made this change after a nationwide Cloudflare outage disrupted the application process earlier this week. Homeowners interested in receiving one of the 1,000 available … Read more

GEICO has teamed up with Motive, a company that uses artificial intelligence to manage commercial fleets, to help improve driver safety and lower insurance costs for businesses with commercial vehicles. Motive’s platform brings together tools for managing fleets, tracking expenses, monitoring equipment and temperatures, ensuring compliance, and managing workforces—all in one system. This platform will … Read more

Tokio Marine Kiln and Augmented UW have both announced key hires as they strengthen their teams to meet growing demands in the insurance market. Cesar Silvestre has joined Tokio Marine Kiln (TMK) as the head of Cyber Reinsurance Solutions. Silvestre steps into his role immediately and will spearhead the launch of TMK’s new cyber reinsurance … Read more