Patricia Wells

The Economic and Insurance Impact of the Recent Los Angeles Wildfires The recent wildfires in the Los Angeles area have sparked significant concern regarding their economic implications and the future of property insurance in California. As the situation evolves, experts are closely monitoring the escalating losses and the potential long-term effects on homeowners and the … Read more

Specialist Risk Group (SRG), a prominent London-based insurance intermediary, is set to enhance its European footprint through the strategic acquisition of Ecclesia Group’s assets in the Netherlands and Belgium. This significant move will integrate seven businesses and approximately 700 professionals into SRG, marking a pivotal moment in the company’s growth trajectory. A Strategic Acquisition While … Read more

Ki, the innovative digital follow platform under Lloyd’s, has officially transitioned into a standalone subsidiary, separating from its parent company, Fairfax Group, effective January 1, 2025. This strategic move marks a significant milestone in Ki’s journey since its inception in 2020 and its operational launch through Syndicate 1618 in 2021. Since its establishment, Ki has … Read more

As the automotive landscape rapidly evolves, the shift towards electric vehicles (EVs) is not just a trend but a significant transformation that carries profound implications for various sectors, particularly insurance. This transition is reshaping the way insurers assess risk, price policies, and engage with their clients. Understanding these changes is crucial for stakeholders in the … Read more

On March 15, 2023, New York Attorney General Letitia James announced a landmark judgment against Yellowstone Capital, a cash advance provider now operating under the names Delta Bridge Funding and Cloudfund. The ruling, which totals an astounding $1.065 billion, stems from allegations of predatory lending practices that have harmed countless small businesses across the nation. … Read more

In recent years, the intersection of social media and mental health has sparked intense debate, particularly regarding platforms like TikTok. A tragic case that has brought this issue to the forefront is that of Stephanie Mistre, who lost her 15-year-old daughter, Marie Le Tiec, to suicide in September 2021. This heartbreaking incident has led Mistre … Read more

In a significant turn of events, Prince Harry has emerged victorious in his ongoing battle against the UK tabloid press, particularly Rupert Murdoch’s News Group Newspapers (NGN). Following a dramatic last-minute court settlement, the Duke of Sussex received a "full and unequivocal apology" from NGN, acknowledging serious intrusions into his private life by the Sun … Read more

In today’s rapidly evolving global landscape, the insurance industry is facing unprecedented challenges and opportunities driven by geopolitical tensions and economic fragmentation. The recent report from the Geneva Association, titled “Insurance in a Fragmented World Economy”, sheds light on how these dynamics are reshaping the insurance sector and what it means for stakeholders. Understanding Geoeconomic … Read more

Severe Storm Éowyn Hits Ireland and the UK: A Comprehensive Overview Early Friday morning, the powerful Winter Storm Éowyn unleashed hurricane-strength winds across Ireland and the UK, wreaking havoc on infrastructure and leaving hundreds of thousands without power. This unprecedented meteorological event has raised concerns about safety, travel disruptions, and the impact on energy resources. … Read more

This week, significant changes have taken place within U.S. health agencies, including the Centers for Disease Control and Prevention (CDC), as they navigate directives from the Department of Health and Human Services (HHS). These changes have led to the cancellation of key meetings, a pause on public health publications, and a freeze on employee travel, … Read more