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Arthur J. Gallagher’s RPS Acquires McKee Risk Management
Risk Placement Services, Inc. (RPS) reports it has acquired McKee Risk Management, Inc., a King of Prussia, Pennsylvania-based program administrator. Terms of the transaction were not disclosed. McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services …
POSTED MAY 20, 2026 1:14 PM |
UPS Saw No Need for Changes After 2011 Boeing Defect Letter
A US safety investigator said United Parcel Service Inc. decided not to take further action after reviewing a 2011 service letter from Boeing Co. that flagged failures of a key structural component in the type of plane that later crashed …
POSTED MAY 20, 2026 1:04 PM |
Virginia Governor Vetoes Bill to Allow Class Actions
Virginia will remain as one of only two states where courts do not allow class actions. Gov. Abigail Spanberger, a Democrat, has vetoed a measure that would have initiated a procedure to allow class actions in state courts. The legislature …
POSTED MAY 20, 2026 1:00 PM |
Fears of Unfettered Hacking Spurred by Anthropic’s Mythos AI Model Overstated
Early fears that Anthropic’s new AI model, Mythos, could dramatically turbocharge hacking are looking overstated a month after its release. The company warned at launch in April that Mythos had uncovered thousands of software vulnerabilities — including flaws across every …
POSTED MAY 20, 2026 12:53 PM |
People Moves: Gallagher Appoints Practice Leaders From Assured Partners; Willis Makes Moves Across Corporate Risk & Broking North America Growth Leadership
Gallagher Appoints Practice Leaders From Assured Partners Gallagher is expanding its US retail brokerage capabilities with the appointment of the new practice leaders. Alush Garzon, managing director, manufacturing, brings extensive experience developing comprehensive risk management programs for manufacturers and has …
POSTED MAY 20, 2026 12:28 PM |
United Arab Emirates’ Image as Middle Eastern Haven Is Tested by Iran War
The United Arab Emirates for decades has advertised itself as a haven for international business in a Middle East awash in violent upheaval. Those waves have now crashed into this nation, testing its economic model like never before. The UAE, …
POSTED MAY 20, 2026 11:10 AM |
Small Plane Crash Near Austin Caused by Inflight Breakup, Report Finds
The small plane that crashed while carrying four pickleball players to a tournament near Austin last month had problems with freezing instruments before it broke apart midair, according to a preliminary federal investigation report released Friday. The Cessna 421C took …
POSTED MAY 20, 2026 10:30 AM |
Update: Tankers Exit Strait of Hormuz With 6 Million Barrels of Crude Oil
Three supertankers were crossing the Strait of Hormuz on Wednesday carrying oil bound for Asian markets, after waiting in the Gulf for more than two months with 6 million barrels of Middle East crude on board, while another was entering, …
POSTED MAY 20, 2026 9:36 AM |
UK Warned of Housing Market Risks as Flood Re’s Future Unclear
The UK government must provide clarity on the future of Flood Re or risk seeing its failure to do so feed through to the country’s housing market. That’s according to the Climate Change Committee, a group created back in 2008 …
POSTED MAY 20, 2026 9:18 AM |
Michigan Secures Settlement With Car Financing Company Over Auto-Repair Agreements
Michigan Attorney General Dana Nessel has secured an agreement with West Creek Financial, Inc., a Virginia corporation doing business under the name Koalafi, to resolve allegations that the lease-to-own financing company violated the Michigan Consumer Protection Act and Rental-Purchase Agreement …
POSTED MAY 20, 2026 8:07 AM |
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