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ANV Agrees to Buy Open Lending Corp in All-Cash Deal
ANV Group Holdings Ltd. said it has entered a definitive merger agreement with Open Lending Corporation. ANV said it will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction …
POSTED JUNE 16, 2026 3:22 PM |
Alabama GOP Dismisses Tuberville Residency Challenge Brought by Insurance Agent
The Alabama Republican Party said U.S. Sen. Tommy Tuberville will remain the party’s gubernatorial nominee, rejecting a claim on Sunday that he had not lived in the state long enough to run for governor. The unanimous decision came after the …
POSTED JUNE 16, 2026 3:20 PM |
People Moves: Lawley Expands Team Across Its Footprint
Lawley, headquartered in Buffalo, New York, named three new team members. Stéphane Legris, insurance advisor, based in Buffalo and serving the Saratoga, New York region. As an insurance advisor, Legris specializes in business insurance, captive solutions, and construction, transportation, and …
POSTED JUNE 16, 2026 3:18 PM |
Latent Construction Defects: Hidden Source of Disputed Losses in Fast-Built Texas
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …
POSTED JUNE 16, 2026 2:59 PM |
Lawsuit Dismissed of Ex-Yosemite Ranger Fired for Hanging Transgender Flag
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
POSTED JUNE 16, 2026 2:53 PM |
Markets/Coverages: Nationwide, Barn Owl Partner to Monitor Rural Property Owners
Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …
POSTED JUNE 16, 2026 2:53 PM |
People Moves: Cincinnati’s Kellington to Retire as CTO, Osborn to Assume Position
Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …
POSTED JUNE 16, 2026 2:48 PM |
Skydiving Plane Crash Brings Attention to Industry’s Weak Oversight
Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …
POSTED JUNE 16, 2026 2:45 PM |
Texas Flood Threat Persists as Gulf System Nears Storm Status
The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …
POSTED JUNE 16, 2026 2:40 PM |
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
Motley, complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
POSTED JUNE 16, 2026 2:36 PM |
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