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Governor ‘Not Convinced’ California Wants to Take Over PG&E
California Gov. Gavin Newsom said he doesn’t see the state having the appetite to take over PG&E Corp., which has come under criticism recently for blackouts that hit San Francisco. “I’m not convinced” the state wants to get into the …
POSTED FEBRUARY 04, 2026 6:05 PM |
Business Moves: Arthur J. Gallagher Acquires Germany’s Reck & Co.; Howden Buys Polygon Insurance Brokers Ltd.; Clear Purchases Gauntlet and Shire Insurance Services
Arthur J. Gallagher Acquires Germany’s Reck & Co. Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance brokerage, announced its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired Bremen, Germany-based Reck & Co GmbH. Terms of the …
POSTED FEBRUARY 04, 2026 5:43 PM |
Ohio Couple Sentenced for Arson in $2M Insurance Fraud Scheme
An Ohio couple have been sentenced for devising a scheme to collect more than $2 million dollars in insurance money by conspiring to set insured houses on fire, the U.S. Attorney’s Office, Northern District of Ohio announced this week. Lonnie …
POSTED FEBRUARY 04, 2026 5:19 PM |
Hotel Management Company sued for Discrimination at Illinois Property
Hotel Equities Group, a hotel management company, violated federal law when it failed to provide pregnancy accommodations to one employee and religious accommodations to another at an Illinois property, he U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. …
POSTED FEBRUARY 04, 2026 5:10 PM |
Texas Cattle Ranchers Fear the Return of a Flesh-Eating Pest
Chris Womack is one of a dwindling number of Texas ranchers who can remember fighting the New World screwworm, a once-vanquished pest threatening to make an unwanted encore in the US after its recent return to northern Mexico. “You never …
POSTED FEBRUARY 04, 2026 4:49 PM |
Texas Grid Shows How Batteries Can Help Avoid Winter Blackouts
Last month’s sprawling winter storm from Texas to New England was one of the first multi-grid tests in the US for big batteries. They passed. Texas in particular benefited from energy storage, which helped cushion the state’s grid during the …
POSTED FEBRUARY 04, 2026 4:30 PM |
New Hampshire Insurance Department Says It Delivered ‘Real Value’ in 2025
The New Hampshire Insurance Department (NHID) reported that for calendar year 2025 it collected $185.62 million for the state’s General Fund and recovered $3.34 million for consumers. Insurance Commissioner DJ Bettencourt said the numbers show the department is “delivering real …
POSTED FEBRUARY 04, 2026 3:32 PM |
Former Ole Miss Standout Player Convicted in $194M Medicare, CHAMPVA Fraud
A former standout tight end for the Ole Miss Rebels, who briefly played in the NFL, faces more than 20 years in prison after he was convicted of defrauding Medicare and a veterans insurance program of $194 million. Joel Rufus …
POSTED FEBRUARY 04, 2026 3:24 PM |
Q4 Global Commercial Insurance Rates Drop 4%, in 6th Quarterly Decline: Marsh
Global commercial insurance rates declined by 4% in the fourth quarter of 2025, marking the sixth consecutive quarter of rate decreases, after seven years of increases, according to the Global Insurance Market Index published by Marsh Risk, a business of …
POSTED FEBRUARY 04, 2026 3:17 PM |
Markets/Coverages: Great American Enters Travel Insurance Market With Faye
Great American Insurance Group has selected AI travel insurance platform Faye to enter the travel insurance marketplace. This marks Great American’s first expansion into travel insurance. The companies said that with limited modernization and customer frustration surrounding claims experiences, the …
POSTED FEBRUARY 04, 2026 2:43 PM |
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