Patricia Wells

Extreme weather is becoming a costly issue in the United States. Last year alone, fires, droughts, and storms led to damages exceeding $182 billion. However, the federal government has announced that it will stop tracking these disasters. The National Oceanic and Atmospheric Administration (NOAA) revealed on Thursday that it will discontinue its widely used database, … Read more

Residents of New Mexico are being warned to prepare for possible power outages as high winds and dry weather increase the risk of wildfires. This alert came from electric providers during a public hearing held by the New Mexico Public Regulation Commission in Santa Fe on Thursday. The hearing is part of a series of … Read more

New York law enforcement has charged 20 individuals in connection with a major car theft ring that operated across New York City and its suburbs. The group is accused of stealing vehicles worth over $4.6 million, often reselling them at significantly lower prices through social media platforms like Facebook and Instagram. The stolen cars included … Read more

International Holding Co. (IHC), the largest listed company in Abu Dhabi, is launching a new reinsurance venture with BlackRock Inc. This partnership will kick off with over $1 billion in initial equity commitments and aims to manage $10 billion in liabilities. The new firm, which has yet to be named, will be based in Abu … Read more

Shape Underwriting, based in London, has made a significant move by acquiring Protect Underwriting LLP, a specialist in high-net-worth insurance. This acquisition is particularly notable as it is Shape Underwriting’s first since the company rebranded from Clear Group. The financial terms of the deal have not been revealed. Mandy Hunt, the managing director of Shape … Read more

The St. Cloud Area Family YMCA has agreed to pay $140,000 to settle a sexual harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC). This decision comes after the EEOC found that female employees, including two teenagers, faced harassment from a manager at the YMCA. The manager allegedly made inappropriate sexual advances and … Read more

SiriusPoint Ltd., a specialty insurer and reinsurer based in Bermuda, has announced the promotion of Chris Fenn to the position of global head of Marine. This move comes as part of the company’s effort to enhance its global marine operations. Fenn, who previously led the Marine team in London for SiriusPoint International, joined the company … Read more

Texas lawmakers are taking steps to address the rising costs of homeowners’ insurance, even as they recognize that many factors driving these increases are beyond their control. Recent legislative efforts include bills aimed at limiting how much insurance companies can raise rates and improving transparency for homeowners regarding coverage decisions. In Texas, homeowners are facing … Read more

Patriot Growth Insurance Services has teamed up with Ladd Gardner Aviation Insurance, a specialized agency located in Addison, Texas. This partnership, announced recently, is set to enhance the services offered to clients in the aviation sector. Ladd Gardner founded the agency in 2007, bringing with him a passion for aviation and extensive industry experience. Ladd … Read more

Connecticut’s Paragon Insurance Holdings has made a significant move by acquiring WISE Risk, a wholesaler specializing in event-driven and specialty insurance products. This acquisition is part of Paragon’s strategy to enhance its specialty media and contingency platform, Reel Media Insurance Services. WISE Risk, located in Needham, Massachusetts, focuses on providing insurance solutions for the entertainment, … Read more