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Liberty Mutual Investments Backs Pet and Vet Services Firm Synergy Pet Group
Liberty Mutual Investments, the investment firm for Liberty Mutual Group, said it has provided debt financing to Synergy Pet Group to support the company’s continued pet services and technology expansion. Synergy Pet Group, based in Lakewood, New Jersey, is backed …

Maryland High Court Weighs Sovereign Immunity Claim for Some Sex Abuse Lawsuits
Maryland’s highest court heard arguments on an appeal Monday that will affect 1,300 lawsuits filed under the Child Victims Act. The 2023 law effectively eliminated time barriers for someone to file a court claim of institutional sex abuse. At issue …

People Moves: Island Insurance Names Cheung VP; Alliant Names Shenouda AI Transformation Officer; Daley Becomes EverPeak CUO
Cheung Joins Island Insurance as VP of Operations, Data and Product Management Island Insurance named Michelle Cheung to its executive team as vice president overseeing the organization’s operations and data products management. Most recently, Cheung was the IT development manager …

Indiana AG: Rental Home Operator to Pay $48M Settlement
Indiana Attorney General Todd Rokita on Tuesday announced a settlement with Progress Residential, LLC and Pretium Partners, LLC, one of the nation’s largest owners and operators of single-family rental homes, resolving allegations that the companies engaged in deceptive and unfair …

AM Best Revises Outlook to Stable for Members of Texas Farm Bureau Insurance Group
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …

SpaceX Plans $24 Billion Data Center and Gas Plant in Texas
SpaceX plans to construct, own and operate a gas-fired power plant and super-compute facility at its company town in Starbase, Texas, according to a notice of a public hearing on the city’s website. The estimated investment for the initial phase …

DUAE Growth Expected to Moderate; Outlook Stable: AM Best
AM Best is maintaining its stable outlook for the delegated underwriting authority enterprise (DUAE) segment, citing continued premium growth, strong demand for specialty expertise and technology, and a growing emphasis on underwriting discipline and governance. The segment recorded its fifth …

Global Climate Talks Open With Big Questions, Smaller Goals
Climate negotiators from almost 200 countries will spend the next two weeks at an annual United Nations summit under a dark cloud of waning ambition to tackle rapidly rising global temperatures. The negotiating agenda at COP31, which opened Monday in …

Impersonation Top Scam Handled by Allstate
Nearly 60% of scam cases handled by Allstate between January through September 2026 involved impersonation, according to stats provided by the insurer. Scammers posing as trusted people or organizations, such as banks, law enforcement agencies, delivery companies or family members, …

Five Weeks After Isaias, 68,000 Claims and $736M in Losses, Florida Carrier Data Show
Property insurance claims from Hurricane Isaias have so far reached 68,000, totaling $736 million in losses, putting the Oct. 9 storm in line with Hurricane Sally, a minor storm that hit the same Panhandle area in 2020. The Florida Office …