Author: completebodyneeds

John Popovics thought he’d done everything right. Earlier this year the University of Illinois at Urbana-Champaign civil engineering professor was planning a trip to Riyadh, Saudi Arabia, to take part in a National Science Foundation workshop. Because the costs were adding up quickly, he chose cheaper, nonrefundable options for his flights and hotels — as well as the Travel Guard insurance that United Airlines Inc. offered. “I walked in thinking, ‘Travel insurance is good, and it will protect me,’” he says. Popovics scanned his policy, noting the many scenarios it covered, from lost luggage to a terrorist attack. Then the…

Insurance giant American International Group said on Tuesday it had agreed to sell its remaining stake in life insurance and retirement firm Corebridge Financial, marking the culmination of a five-year separation. Here are some details: AIG has agreed to sell …

Brotherhood Mutual Announces Leadership Promotions & Transition Brotherhood Mutual Insurance Company, headquartered in Fort Wayne, Indiana, made several changes to its executive team. Scott Figgins Scott Figgins assumes a new role as senior vice president – integration officer. He previously served as senior vice president – insurance operations since 2018. Figgins began his career with Brotherhood Mutual in 1989 as a claims adjuster. Through his career, he has served in many roles, including claims supervisor, vice president – claims, and vice president – underwriting. Dustin Grogg Dustin Grogg was promoted to senior vice president – insurance operations. Grogg previously served…

Price North Carolina’s insurance commissioner has named a financial analysis veteran to the role of senior deputy commissioner, overseeing the Company Services Group at the Department of Insurance. Jessica Price has led financial analysis at NCDOI for 15 years, and before that, was a tax auditor at the state Department of Revenue. The Company Services Group includes the DOI’s Financial Analysis Division, the Financial Examinations Division, and Financial Oversight and Special Entities divisions, Commissioner Mike Causey said in a bulletin. Price, with a bachelor’s degree in accounting and finance from Lenoir-Rhyne University, is a certified public accountant and a certified…

One quarter after Tampa-headquartered The Baldwin Group purchased CAC Group brokerage and reported a $26 million net loss, the brokerage posted just a $1.9 million loss for Q1 2026. On a per-share basis, Baldwin saw net income of 2 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share. Those results fell short of Wall Street expectations for the publicly traded firm. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share, the Associated Press reported. The company posted revenue of $532 million in the period, up…

Allianz Commercial announced an agreement which transitions its standalone commercial cyber insurance business to Coalition, the managing general agent and specialist cyber insurer. The agreement establishes Coalition as Allianz’s exclusive global partner for cyber insurance across all commercial segments, combining the strengths of both companies for business customers around the world. Upon completion, Coalition will take primary responsibility for pricing, product development, risk mitigation, and claims management for Allianz’s standalone commercial cyber portfolio, supported by Allianz resources for multinational and large corporate underwriting, service delivery, and claims. Allianz will also provide long-term insurance capacity to Coalition and access to its…

Spirit Airlines, an impish upstart that shook the industry with its irreverent ads and deep discount fares, announced this week that it has gone out of business after 34 years. The ultralow cost airline that once operated hundreds of daily flights on its bright yellow planes and employed about 17,000 people said it had “started an orderly wind-down of our operations, effective immediately.” Although Spirit had gone bankrupt twice before, the company said high oil prices, which have been rising because of the war with Iran, made it impossible to stay aloft. The airline, with offices in West Palm Beach,…

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, announced that its board of directors has approved a $300 million general dividend distribution for 2026. This marks the 28th consecutive year Texas Mutual has paid a general dividend to its policyholder owners. With this year’s payout, the company will have distributed more than $5.1 billion back to businesses across the state. Dividends are expected to be issued in June to approximately 74,000 qualifying policyholders. Texas Mutual’s dividend program is rooted in its mission to promote safer workplaces across the state. This year, about 90% of policyholders will…

Howden announced it has acquired the intellectual property assets of Cybeta, LLC, a cyber data and analytics provider. Terms of the deal were not disclosed. Howden said the acquisition enables the brokerage to provide clients with faster, more precise insight into cyber risk, supporting better underwriting, placement, and claims outcomes. Cybeta was founded in 2019 by a team of data science experts with experience in the U.S. Department of Defense and intelligence communities. Former members of Cybeta’s team will join Howden, bringing deep expertise in proactive, expert-driven cyber threat intelligence and predictive analytics. The acquisition bolsters Howden’s U.S. cyber practice,…

Firefighters worked through the night to extinguish a blaze at a laboratory on the University of South Florida campus in St. Petersburg and officials said Sunday that the building could be a total loss. The fire Saturday night prompted evacuations and sent up plumes of billowing smoke from the marine science lab building. No injuries were reported and no hazardous materials were released, USF President Moez Limayem wrote in a message to students and staff. The cause of the fire remained under investigation. Limayem said damage assessments were ongoing, but the destruction was extensive. “Our recovery teams are working with…