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Time to Change North Carolina’s Unique (and Antiquated) Rate Bureau System?

by lpiccitto | Jul 9, 2025 | Uncategorized

Insurance markets differ in important ways from state to state, and North Carolina’s stands out for two reasons. First, insurers responded to an exceptionally catastrophic storm in 2024—Hurricane Helene. The Tar Heel State bore $60 billion of the hurricane’s $80...

No Alerts Heard in Deadly Texas Flash Flood as 161 Still Missing

by lpiccitto | Jul 9, 2025 | Uncategorized

In the early hours of July 4, the only sound many of the vacationers along the banks of the Guadalupe River would have heard was pounding rain and thunder. They didn’t get any official warning of the rapidly rising waters …

Impostor Uses AI to Impersonate Rubio, Contact Foreign and US Officials

by lpiccitto | Jul 8, 2025 | Uncategorized

The State Department is warning U.S. diplomats of attempts to impersonate Secretary of State Marco Rubio and possibly other officials using technology driven by artificial intelligence, according to two senior officials and a cable sent last week to all embassies...

Reliance Global Completes Sale of Ohio’s Fortman Insurance Services

by lpiccitto | Jul 8, 2025 | Uncategorized

Reliance Global Group announced it has completed an asset sale of Ottawa, Ohio-based Fortman Insurance Services, wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a non-core asset and...

People Moves: Leadership Transition at WorldTrips as Hsia Appointed CEO; Carney Assumes Role of Chairman

by lpiccitto | Jul 8, 2025 | Uncategorized

Tokio Marine HCC, based in Houston, Texas, announced a key leadership transition at its travel-focused subsidiary, WorldTrips, a leading provider of travel insurance located in Carmel, Indiana. Mark Carney will transition from his role as CEO of WorldTrips to become...
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