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Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC
Appetite from insurance mergers and acquisitions remains, but the industry’s use of artificial intelligence is expected to enter the equation to affect strategies. According to finding from PwC, the insurance sector logged about $29.6 billion in deal value from 191 …
POSTED JUNE 17, 2026 5:13 AM |
Evergrande Liquidators Seek to Quash Regulator’s PwC HK Deal
China Evergrande’s liquidators have asked a court to void a HK$1 billion ($127.6 million) shareholder compensation deal a regulator struck with PricewaterhouseCoopers’ Hong Kong affiliate. The fund was part of an agreement with Hong Kong’s Securities and Futures Commission in …
POSTED JUNE 17, 2026 5:05 AM |
To Carriers’ Relief: New Florida Rule Won’t Count Mediation Requests as Complaints
At long last, Florida property insurers may be thinking, state regulators have revised a consumer complaint tabulation methodology that many had criticized as skewed, unrealistic and out of line with most other states. Under Rule 69O-138.003, published last week, the …
POSTED JUNE 17, 2026 5:02 AM |
Second Firefighter Dies From Injuries at Maine Lumber Mill Explosion
A second firefighter has died from injuries suffered while fighting a fire and explosion at a Maine lumber mill last month. The May 15 fire at Robbins Lumber in Searsmont sent plumes of black smoke into the sky and necessitated …
POSTED JUNE 17, 2026 5:00 AM |
Russian Warship Fires Warning Shots Near British Yacht
The UK is investigating the firing of warning shots by a Russian warship near a British yacht just outside of its territorial waters. The UK received reports from a UK-registered yacht alleging Russia’s Admiral Grigorovich-class frigate fired the shots at …
POSTED JUNE 16, 2026 7:14 PM |
People Moves: Lockton Appoints Lespérance as CEO of Canadian Business; Aon Taps Marsh’s Desmond as Head of Construction for UK Commercial Risk
This edition of International People Moves details appointments at the brokers Lockton and Aon. A summary of these new hires follows here. Lockton Appoints Lespérance as CEO of Canadian Business Lockton, the privately held independent insurance brokerage, announced the appointment …
POSTED JUNE 16, 2026 4:16 PM |
ANV Agrees to Buy Open Lending Corp in All-Cash Deal
ANV Group Holdings Ltd. said it has entered a definitive merger agreement with Open Lending Corporation. ANV said it will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction …
POSTED JUNE 16, 2026 3:22 PM |
Alabama GOP Dismisses Tuberville Residency Challenge Brought by Insurance Agent
The Alabama Republican Party said U.S. Sen. Tommy Tuberville will remain the party’s gubernatorial nominee, rejecting a claim on Sunday that he had not lived in the state long enough to run for governor. The unanimous decision came after the …
POSTED JUNE 16, 2026 3:20 PM |
People Moves: Lawley Expands Team Across Its Footprint
Lawley, headquartered in Buffalo, New York, named three new team members. Stéphane Legris, insurance advisor, based in Buffalo and serving the Saratoga, New York region. As an insurance advisor, Legris specializes in business insurance, captive solutions, and construction, transportation, and …
POSTED JUNE 16, 2026 3:18 PM |
Latent Construction Defects: Hidden Source of Disputed Losses in Fast-Built Texas
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …
POSTED JUNE 16, 2026 2:59 PM |
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