The city of Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of a pedestrian who was struck by a city bus, the second fatality involving the same driver since 2015. Wayne County Judge Kathleen McCarthy signed off on the deal last week, court records show. Janice Bauer, 67, was … Read more
New attributes—electrical panel location, roof life stage, and plumbing materials—enhance underwriting precision and deepen visibility into structural risk. Tampa, FL – October 14, 2025 — PGM Solutions today announced the expansion of its Home Factors property intelligence platform. The latest release introduces several new and enhanced attributes, including electrical panel and sub-panel location, roof life … Read more
The wreckage caused by Hurricane Melissa in Jamaica is expected to cost insurers $1 billion to $3 billion, according to property intelligence company Cotality. The insured losses are a fraction of the total property damage, which Cotality estimates at $2 billion to $5 billion, though much uncertainty remains amid limited observations of the devastation. Other … Read more
Philadelphia Insurance Companies announced the acquisition of the Collector Vehicle Division from Ignyte Insurance, a Carlyle backed portfolio company. The transaction, valued at $615 million, is the largest acquisition in the 63-year history of Philadelphia Insurance Companies. The deal includes all collector vehicle insurance business and employees from: American Collectors Insurance, J.C. Taylor Insurance, Condon … Read more
Web Connectivity Ltd. (WCL), a Zywave company, announced the launch of its enhanced platform for treaty risk placement in Bermuda, marking a milestone in the digital transformation of the reinsurance market. Developed in close collaboration with leading RI brokers and reinsurers, the WCL’s “enabledPlacing” platform streamlines the submission process by consolidating treaty submissions from multiple … Read more
A U.S. court reinstated a $185 million verdict against Bayer’s Monsanto unit over chemical contamination at a Washington state school on Thursday. The Washington state Supreme Court reversed a lower court ruling that had vacated the verdict in a 2021 trial over claims brought by three teachers at Sky Valley Education Center in Monroe, Washington. … Read more
General Motors GM.N said on Wednesday it will cut U.S. electric vehicle and battery production and 1,200 factory jobs at its EV plant in Detroit along with 550 jobs at an Ohio battery plant as the automaker responds to a significant slowdown in demand for its battery cars. The Detroit automaker said it will halt … Read more
Monrovia, CA ., Oct 30, 2025 – In a notable victory against challenging market conditions, the specialized underwriting team at Greenwood General Insurance Agency successfully placed a complex property insurance policy for a warehouse located in the brush-heavy hills of Simi Valley, California—a risk that multiple other carriers had declined due to extreme wildfire exposure. … Read more
Days after thieves took just minutes to steal eight pieces of the French crown jewels from the Louvre, a former bank robber says he warned a museum official of glaring weaknesses — including jewel cases by streetside windows that were “a piece of cake” to attack. David Desclos talks like what he was: a pro … Read more
EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said Brad Korb, head of sales & distribution for EverPeak. EverPeak workers’ comp is available exclusively … Read more