Erin Geter’s toddler son became trapped inside her Tesla in May when the electric doors lost power. A few weeks later, she was at a Honda dealership buying a new family car. “I was very traumatized,” said the 39-year-old from Huntersville, North Carolina. These days, she prefers to transport her kids in the CR-V, which … Read more
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The Vantage deal, which is expected to close in the second quarter of 2026, aims to support the transformation of HHH, a real estate development firm, into … Read more
Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather. The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, which has been conducting so-called top-down analyses for such risks since 2023, is now broadening … Read more
Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help them to reduce the risk of being targeted by Ukrainian sea drones. Vessel tracking data compiled by Bloomberg shows at least two tankers that recently loaded cargoes at … Read more
“Megadeals” are ruling insurance industry mergers and acquisitions as action remained consistent throughout 2025, with the prospect that the need for growth with drive more deals in 2026. According to a new report from PwC, 93% of deal value during the second half of 2025 was drive by what it calls “megadeals.” The insurance sector … Read more
Jencap, one of the largest wholesale brokerages in the U.S., announced that John Michael “JM” Edge, formerly of Amwins, is the new property and casualty binding team manager for Atlanta, Charlotte and Denver teams. Edge spent more than 10 years at Amwins, building the Florida Access office, and was with Jupiter Re on its large … Read more
Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we continue the OCI mission to build a fair and affordable insurance marketplace, I am confident that we will see rates … Read more
The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not be a magic wand. For insurers, brokers, risk managers, and cannabis operators, the likely impact … Read more
ATLANTA, G.A. (Dec. 17, 2025) – Risksmith Insurance Services, a specialty Managing General Underwriter (MGU) known for its expertise across the E&S property landscape, today announced the launch of its new Difference in Conditions (DIC) Earthquake insurance program. Purpose-built for large, complex and true E&S property exposures, the program offers unmatched flexibility, deep technical expertise … Read more
Xcel Energy is preparing customers in the Rocky Mountain region for preemptive blackouts to help reduce the risk of wildfires as strong, dry winds threaten to knock down power lines. The utility said it would likely shut off power starting at about noon Wednesday to some customers in nine counties including Denver, according to the … Read more