Amiga Specialty, the London-based managing general agent, has secured £/$25 million of “A”-rated capacity with global Lloyd’s licensing for its Yachts division, marking an important step in the development of its specialist marine offering. The capacity will support Amiga Specialty’s ability to underwrite yacht risks globally, with a focus on the U.S., Southeast Asian and European markets. Southeast Asia is expected to be a key market for the business following the recent launch of Amiga’s Hong Kong office. Due to the capabilities of the Amiga Yacht team, including Jason Stephenson, managing director – Yachts, who is now at the helm,…
Author: Awais
World Insurance Associates LLC announced that it acquired the business of Agency West Insurance of Olathe, Kansas on February 1, 2026. Terms of the transaction were not disclosed. Agency West has been operating in Kansas for many years. They serve the insurance needs of both families and individuals, as well as businesses. Giordano, Halleran & Ciesla provided legal counsel on the transaction. Polsinelli provided legal counsel to Agency West on the transaction. No other advisors, diligence firms, or legal counsel were disclosed. Topics Mergers & Acquisitions Kansas Was this article valuable? Yes No Here are more articles you may enjoy.…
In India’s western state of Maharashtra, mango farmer Komal Walke is scrambling to meet orders from India’s online grocers after her family’s three acres of orchards produced almost no Alphonso mangoes this year. Walke, a 26-year-old horticulturist in the coastal town of Devgad, has been forced to source fruit from larger farms to keep her father’s business afloat. “If we don’t deliver on our orders, the big clients will not return next year,” she said. India is the world’s largest grower of mangoes and produced 28 million metric tons of the fruit in 2024 to 2025, data from research and…
Northwestern Medicine agreed to pay $325,000 in monetary relief to a class of employees denied vaccine exemptions because of their religious beliefs or practices and to provide other relief following an investigation by the U.S. Equal Employment Opportunity Commission (EEOC). The agreement resolves charges filed with the EEOC alleging discrimination against employees based on their religion when it denied reasonable accommodation requests to employees who requested a faith-based exemption to Northwestern Medicine’s mandatory flu vaccination policy. The EEOC’s investigation found that Northwestern Medicine discriminated against a class of employees from November 10, 2023, to the present at its facilities across…
LISTEN: After a guilty verdict for negligent homicide, a former nurse has found receptive audiences on the speaking circuit. She says she hopes her story can help shed light on problems in the healthcare industry. When RaDonda Vaught got her first speaking request, it had been a year since that day in a Nashville courtroom, when she listened as a jury read her guilty verdict for negligent homicide and neglect of an impaired adult. That was in 2022. Vaught was sentenced to three years of probation for administering the wrong medication and killing a patient at Vanderbilt University Medical Center…
The Louisiana State Police Insurance Fraud / Auto Theft Unit (IFAT) has arrested four individuals following an investigation into an alleged automobile insurance fraud scheme in Iberia Parish The investigation began after a criminal referral from Timber Creek Insurance Services and the Louisiana Department of Insurance Fraud Division regarding allegations of fraudulent insurance claims involving 29-year-old Rayshonte Oppenheimer, 32-year-old Briannie Butler, 24-year-old Passion Keal, and 33-year-old Quandalyn Bernard, all of New Iberia. The investigation determined the suspects made false statements during the insurance claims process following a 2025 crash involving a Pelican Waste & Debris garbage truck. Had the claims…
The law, which would prohibit PBM conglomerates from owning or operating pharmacies, illegally boots out-of-state companies from Tennessee’s pharmacy market, CVS argued in a suit filed Friday.
This edition of International People Moves details appointments at Aon and HDI Global. A summary of these new hires follows here. Aon Promotes Hoffman to Global CEO of Commercial Risk Insurance broker Aon plc announced the appointment of Christian Hoffman as global CEO of Commercial Risk, effective June 1. Christian Hoffman In this role, Hoffman will lead Aon’s global Commercial Risk business, advancing the firm’s strategy to help clients navigate increasing volatility by connecting their complex risk needs with the most efficient forms of Risk Capital. Hoffman will report to Joe Peiser, CEO of Risk Capital for Aon, and will…
Buckle, now a fronting specialist for MGA programs and previously a rideshare and gig insurance company, has become the latest to reveal issues caused by fraudulent reinsurance letters of credit linked to Vesttoo and is now suing the purported LOC provider China Construction Bank for damages.While we’ve slowed our coverage related to the fraudulent or forged letter-of-credit (LOC) collateral linked to Vesttoo reinsurance deals given how long the saga has been running and the lack of any progress in many of the ongoing cases, it is interesting to see another ceding party to these transactions entering the legal fray. Buckle…
This brief draws on data from various sources. Data on income and savings of Medicare beneficiaries, including the share of beneficiaries who relied on Social Security for at 75% or 90% or more of their total per capita income and the number of Medicare beneficiaries who spent more than 10% of their annual per capita income on Part B premiums, are drawn from the Urban Institute’s Dynamic Simulation of Income Model (DYNASIM4). See Methods of KFF, “Income and Assets of Medicare Beneficiaries in 2024” (August 2025) for more details. Data on out-of-pocket health care spending are from the Centers for…
North Carolina investment firm founder Greg Lindberg was sentenced Tuesday to 12 years in prison for siphoning more than $2 billion in reserves backing insurance policies and using the proceeds to pay for jets, mansions and a 214-foot yacht. Lindberg, 56, pleaded guilty in 2024 to conspiring to defraud insurers and thousands of policy holders in one of the largest insurance frauds in US history, federal prosecutors said in a statement. He was separately convicted at trial of conspiring to bribe the elected state insurance commissioner and replace a senior regulator who oversaw his companies. Claiming he’d be the next…
Southern California officials lifted the final evacuation orders Tuesday night for residents who live near a damaged chemical tank, allowing 16,000 people to return home. The crisis that began Thursday had forced 50,000 people to evacuate in and around the Orange County city of Garden Grove. A crack that formed by chance on the tank relieved pressure and helped avert a catastrophic explosion, allowing most evacuees to return home over the Memorial Day weekend. Authorities announced they were lifting the final orders after the temperature on the tank remained stable for four hours without intervention from sprinklers. “All residents will…
An accident at a Washington state packaging facility has left at least one person dead, nine missing and nine others injured, with crews working to contain a ruptured tank of caustic chemicals. The incident occurred Tuesday morning at Nippon Dynawave Packaging Co.’s facility in Longview, as a massive industrial tank of “white liquor” collapsed, officials said. The container held about 900,000 gallons of the substance used to soften wood for papermaking, and about 90,000 gallons may remain inside, local fire department officials estimated. “Recovery efforts remain complex due to ongoing safety concerns,” the officials and the company said in a…
Montana plans to be one of the first states to enforce President Donald Trump’s work mandate for Medicaid enrollees, adding another challenge for state health officials trying to plug a massive budget hole. Clinicians and patient advocates say the incoming changes will deliver a twofold blow: They expect the work requirements to kick more patients off Medicaid, meaning fewer can afford care, while the health department’s budget problems make it harder for doctors to serve those who keep the coverage. It’s a tumultuous time for state health departments. Additional federal changes are forcing states to perform more checks on who…