Patricia Wells

The Department of Justice recently announced a significant recovery of approximately $5.3 million for a union that fell victim to a business email compromise scheme. This recovery comes after a civil forfeiture complaint was filed by the U.S. government in June 2024, seeking to reclaim the funds lost in the scam. The incident took place … Read more

Markel Group Inc. has announced the promotion of Matthew Brooke to Senior Underwriter for War and Terrorism. This change takes effect immediately. Brooke will report to Chloe Gordge, who leads the War and Terrorism division at Markel. In his new role, Brooke will focus on expanding the company’s international war and terrorism portfolio. He aims … Read more

A sightseeing helicopter tragically crashed into the Hudson River on Thursday, resulting in the deaths of all six people on board. This incident has raised concerns about aviation safety in the United States, especially following a series of recent aviation mishaps. New York City Mayor Eric Adams confirmed that the victims were recovered from the … Read more

China’s financial regulator is set to increase the limits on how much insurance funds can invest in the stock market. This move aims to bolster support for capital markets and the broader economy. The National Financial Regulatory Administration announced that the upper limit for the equity asset allocation ratio for some insurers will rise by … Read more

MNK Group has unveiled a new unified brand that brings together its various broking, managing general agent (MGA), and risk-taking operations. This change aims to provide a seamless experience for customers across the globe. The group has launched a new website, groupmnk.com, which links all its entities in regions including the UK, Europe, North America, … Read more

U.S. President Donald Trump announced on Wednesday that he would temporarily lower tariffs on several countries, a surprising move that comes just a day after he imposed steep new tariffs on many trading partners. This shift in policy sent U.S. stocks soaring, with the S&P 500 rising more than 6%. Trump’s decision to suspend targeted … Read more

United Insurance, based in Portland, Maine, has announced its acquisition of Barresi Financial, a financial services and retirement advisory firm. Barresi has offices in Bangor and Presque Isle, and this deal will bring its team of 10 associates into the United Insurance family. Zack Frechette, the CEO of United Insurance, shared the news, highlighting how … Read more

The Federal Motor Carrier Safety Administration (FMCSA) is making significant changes to its Compliance, Safety, and Accountability (CSA) system. This update aims to simplify the way safety violations are categorized and assessed. The FMCSA is currently in the second phase of this process and is inviting public comments. Motor carriers can log into the CSA … Read more

Suppliers of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) must now secure a Medicare bond to continue participating in the Medicare program. This requirement, enforced by the Centers for Medicare & Medicaid Services (CMS), aims to protect Medicare beneficiaries and ensure that suppliers comply with regulations. The Medicare bond requirement was established under the … Read more

Maryland Governor Wes Moore recently welcomed eight new leaders into his administration, marking a significant step in filling key roles within the state government. This event took place during the 2025 legislative session, where the Senate confirmed the appointments. One of the notable appointees is Marie Grant, who has taken on the role of Insurance … Read more