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Trump’s Tariffs Send Shockwaves Across Global Economy President Donald Trump imposed the steepest American tariffs in a century as he steps up his campaign to reshape the global economy, sparking threats of retaliation and a selloff in markets around the world. Trump announced Wednesday he will apply …
POSTED APRIL 03, 2025 2:37 PM |
Specialty and Media MGA Nirvana to Acquire MGA Pulse Managing general agent Nirvana announced it is acquiring Pulse, an MGA specializing in non-standard accident, health and life, and sports & leisure insurances. Financial terms of the deal were not disclosed. Nirvana underwrites a global book of business across media …
POSTED APRIL 03, 2025 2:19 PM |
Deadly Storms Bring Flooding and Destruction to Southeast, Midwest Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …
POSTED APRIL 03, 2025 2:15 PM |
North Carolina Appeals Court Won’t Budge on Intrepid Insurance Name Mix-up What’s in a name? Enough confusion to sink a subrogation lawsuit and appeal brought by the insurer for a burned-up Hardee’s restaurant, the North Carolina Court of Appeals said Wednesday. “…The trial court properly determined that Intrepid Agency lacked standing …
POSTED APRIL 03, 2025 1:52 PM |
Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports U.S. President Donald Trump’s 25% auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday. …
POSTED APRIL 03, 2025 1:32 PM |
Six Injured After Truck Crashed Into Building and Pedestrians in Boston BOSTON (AP) — A box truck crashed into a building Tuesday afternoon in Boston’s Chinatown neighborhood and hit several pedestrians before flipping onto its side, city officials said. The driver and five others were injured in what authorities said appears …
POSTED APRIL 03, 2025 1:26 PM |
Fire Kills a New York Cat Sanctuary Founder and 100+ Rescued Felines A fire burned down a cat shelter in suburban New York, killing its founder and more than 100 of the felines he rescued and sparking a rescue operation for dozens of cats still roaming the destroyed property. As many as …
POSTED APRIL 03, 2025 1:19 PM |
Arthur J. Gallagher & Co. Acquires Brokers in UK and Australia Arthur J. Gallagher & Co. this week announced two acquisitions – of the UK’s Bircroft Insurance Services and Australia’s Tresidder Insurance Brokers. Financial details of the transactions were not disclosed. London-based Bircroft is a specialist insurance broker providing retail and …
POSTED APRIL 03, 2025 12:19 PM |
Britain’s Co-op Group Says Retail Crime Cost it $105 Million in 2024 Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades …
POSTED APRIL 03, 2025 11:13 AM |
DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental, social and governance policies dropped 34% …
POSTED APRIL 03, 2025 11:04 AM |
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