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Archive: July 2025

Newsom Signs Bill Overhauling California’s Landmark Environmental Law
Insurance Journal | July 1, 2025
Newsom Signs Bill Overhauling California’s Landmark Environmental Law
Gov. Gavin Newsom on Monday signed into law a bill that will remake California’s landmark environmental protection rules, an overhaul that he says is essential to address the state’s housing shortage and resulting homelessness crisis. Newsom had threatened to reject …
Relation Insurance Acquires Oklahoma’s Advantage Insurance Group
Insurance Journal | July 1, 2025
Relation Insurance Acquires Oklahoma’s Advantage Insurance Group
Relation Insurance Services acquired the assets of Advantage Insurance Group. The transaction went into effect on May 31, 2025; terms of the transaction were not disclosed. Advantage Insurance Group, a family-owned business based in El Reno, Oklahoma, offers a mix …
First Mid Insurance Group Expands Presence in Illinois With Acquisition
Insurance Journal | July 1, 2025
First Mid Insurance Group Expands Presence in Illinois With Acquisition
First Mid Insurance Group, a provider of comprehensive insurance solutions, announced its acquisition of certain assets from AAdvantage Insurance, including the former Waterman-Neely agency based in Chatham, Illinois. This strategic acquisition advances FMIG’s growth strategy by expanding its presence in …
Illinois Settles Wage-Fixing Case with Staffing Agency for $1M
Insurance Journal | July 1, 2025
Illinois Settles Wage-Fixing Case with Staffing Agency for $1M
Illinois Attorney General Kwame Raoul announced a settlement with Midway Staffing Inc. (Midway) that resolves allegations the temporary staffing agency entered into no-poach agreements and engaged in wage fixing with other staffing agencies. This settlement requires Midway to pay $1 …
Elon Musk Says First Tesla Drove Itself From Factory to Customer
Insurance Journal | July 1, 2025
Elon Musk Says First Tesla Drove Itself From Factory to Customer
Tesla Inc. Chief Executive Officer Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving. In a post …
Man Accused of Killing Idaho Firefighters Had Once Aspired to Be One
Insurance Journal | July 1, 2025
Man Accused of Killing Idaho Firefighters Had Once Aspired to Be One
A 20-year-old man’s life appeared to have begun to unravel in the months before authorities say he fatally shot two firefighters and severely wounded a third as they responded to a wildfire near Coeur d’Alene, Idaho. Wess Roley was living …
Texas Medical Marijuana Industry to Push for Hemp Age Restrictions
Insurance Journal | July 1, 2025
Texas Medical Marijuana Industry to Push for Hemp Age Restrictions
Texas’ medical marijuana dispensaries entered into this year’s legislative session with a two-prong strategy to expand: to loosen the state’s rules on their industry that has made the program largely inaccessible to those who need it and to eliminate the …
Bishop Street Underwriters Acquires Ohio’s Aerospace Insurance Managers
Insurance Journal | July 1, 2025
Bishop Street Underwriters Acquires Ohio’s Aerospace Insurance Managers
Bishop Street Underwriters announced that it has acquires Ohio-based Aerospace Insurance Managers, a general aviation insurance services provider, from Hallmark Financial. This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded …
UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
Insurance Journal | July 1, 2025
UK Broker Ardonagh Completes $2.5B Equity Investment Led by PE Firm Stone Point
The Ardonagh Group, the London-based independent insurance distribution platform, announced the completion of a $2.5 billion equity investment led by funds managed by Stone Point Capital LLC, the US-based private equity firm. The investment, which valued the group at $14 …
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
Insurance Journal | July 1, 2025
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say
President Donald Trump’s Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at …