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Archive: October 2025

Texas to No Longer Issue Commercial Drivers Licenses for Many Immigrants
Insurance Journal | October 1, 2025
Texas to No Longer Issue Commercial Drivers Licenses for Many Immigrants
Texas will no longer issue or renew commercial driver’s licenses to DACA recipients, refugees or people with asylum, the Texas Department of Public Safety announced Monday. Commercial driver’s licenses, or CDLs, are for driving vehicles for business purposes, such as …
Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal
Insurance Journal | October 1, 2025
Private Equity Firm B.P. Marsh Takes Minority Stake in UK Broker Oneglobal
B.P. Marsh & Partners Plc, the specialist private equity investor, announced it has taken a minority stake in Oneglobal, the London-based retail and wholesale insurance broker, which is majority owned by PE firm J.C. Flowers & Co. The investment will …
September Marks Rare Absence of Hurricane Landfalls in US
Insurance Journal | October 1, 2025
September Marks Rare Absence of Hurricane Landfalls in US
September turned out to be a slumber for hurricane watchers. For the first time in a decade, the month of September produced no hurricane landfalls in the United States. Seven of the previous eight years this occurred, no hurricane made …
People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
Insurance Journal | October 1, 2025
People Moves: AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation; Aon Promotes Polanco as Iberia Reinsurance Leader
This edition of International People Moves details appointments at AXA XL Reinsurance and Aon. A summary of these new hires follows here. AXA XL Reinsurance Appoints Kopf From Swiss Re as Senior Underwriter Aviation AXA XL Reinsurance announced that Jennifer …
Missouri Insurance Agent Charged With Fraud
Insurance Journal | October 1, 2025
Missouri Insurance Agent Charged With Fraud
Missouri Attorney General Catherine Hanaway announced today that her Office has filed felony charges against a St. Peters insurance agent following an investigation into deceptive practices. Pamela Walsh faces nine counts of Deceptive Business Practices, a Class E felony under …
World Acquires Indiana’s ACB
Insurance Journal | October 1, 2025
World Acquires Indiana’s ACB
World Insurance Associates LLC announced that it acquired the business of ACB Insurance Inc. (“ACB”) of Indianapolis, Indiana on June 1, 2025. Terms of the transaction were not disclosed. ACB provides insurance to individuals, families and businesses. The agency is …
Florida Painting Firm Fined $877,000 After Worker’s Fatal Fall From Savannah Bridge
Insurance Journal | October 1, 2025
Florida Painting Firm Fined $877,000 After Worker’s Fatal Fall From Savannah Bridge
The U.S. Occupational Safety and Health Administration has fined a Florida commercial painting contractor $877,000 – one of the largest OSHA fines in recent years – six months after a worker fell from a bridge near Savannah, Georgia. Seminole Equipment …
Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
Insurance Journal | October 1, 2025
Cyber Tops List of Business Risks With Geopolitical Volatility Surging Into Top 10: Aon
Geopolitical volatility has surged into a top 10 business risk with cyber risk remaining the number one concern globally, followed by business interruption at number two, according to Aon’s 2025 Global Risk Management Survey, which has tracked the most pressing …
AM Best Affirms Performance Assessment of MGA First Indemnity
Insurance Journal | October 1, 2025
AM Best Affirms Performance Assessment of MGA First Indemnity
AM Best has affirmed its Performance Assessment of PA-3 (Strong) of First Indemnity Insurance Agency, Inc. of Boston. AM Best said the outlook of the assessment is stable. The ratings firm said its PA-3 assessment of the Massachusetts-based managing general …
US Government Shutdown Curtails Key Weather and Climate Programs
Insurance Journal | October 1, 2025
US Government Shutdown Curtails Key Weather and Climate Programs
The closure of the federal government will curtail or halt some US climate disaster preparedness and environmental programs — and even potentially delay real estate transactions within the nation’s flood zones. That’s because the major source of flood insurance for …