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Europe’s Farm Sector Loses €28 Billion a Year From Climate Risks

by lpiccitto | May 21, 2025 | Uncategorized

The European Union’s agriculture industry is losing €28 billion ($31.5 billion) a year due to increasing climate risks, such as droughts and flooding, according to a new study. Those losses from adverse weather equate to about 6% of production, according …

Thoma Bravo’s Nearmap to Buy Insurance Tech Firm Itel for Over $1.3B

by lpiccitto | May 21, 2025 | Uncategorized

Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR, the companies said on Tuesday, as it looks to expand its offerings across property portfolios. The deal values itel at over $1.3 billion, including …

Senate Will Try to Block California Vehicle Standards That Would Phase Out Gas-Powered Cars

by lpiccitto | May 20, 2025 | Uncategorized

The U.S. Senate will move this week to block California from enforcing a series of vehicle emissions standards that are tougher than the federal government’s, including first-in-the-nation rules phasing out the sale of new gas-powered cars by 2035. Majority Leader...

Iowa-Based Ice Cream Manufacturer Issues Recall Over Plastic Concerns

by lpiccitto | May 20, 2025 | Uncategorized

An Iowa-based ice cream manufacturer has recalled nearly 18,000 containers of ice cream and frozen yogurt over concerns they could contain pieces of plastic. Wells Enterprises issued the voluntary recall last month, according to recently released information from the...

No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best

by lpiccitto | May 20, 2025 | Uncategorized

Insurance industry financial strength rating agency AM Best said today that a decision to stop updating a National Oceanic and Atmospheric Administration disaster database could be detrimental to insurers and may require the rethinking of some products. About two...

Ryan Specialty Acquires Irish MGU 360° Underwriting

by lpiccitto | May 20, 2025 | Uncategorized

Ryan Specialty, the Chicago-based international specialty insurance firm, announce that it has acquired 360° Underwriting (360), a managing general underwriter specializing in commercial construction. 360 is based in Dublin and Galway, Ireland, and will become a part...
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