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Trucordia has acquired the assets of Richardson Insurance in Idaho. Richardson Insurance is a personal and commercial lines firm based founded in 1988 by Randy Richardson. Lindon, Utah-based Trucordia is the group name for a group of companies that offers an array of commercial and personal lines, life and health, and employee benefits insurance services. Topics Mergers & Acquisitions Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

The 2026 Atlantic hurricane season is projected to be quieter than many of the hyperactive years that preceded it. Six of the past seven seasons produced above-average Atlantic activity, including the record-setting 2020 season, which had 30 named storms. But lower storm counts can create a dangerous illusion that fewer hurricanes mean less risk. Some of the most devastating impacts in recent years have come not from the strongest storms on the traditional Saffir-Simpson scale, but from secondary threats such as inland flooding, storm surge, extreme rainfall and tornadoes. That disconnect is becoming increasingly difficult for insurers trying to assess…

The U.S. Department of Justice said on Tuesday it had reached a settlement with PayPal to resolve an investigation into a 2020 investment program that the department described as giving “unlawful” preferences to Black and minority-owned businesses. Under the settlement, PayPal will launch a new initiative that waives processing fees on $1 billion in transactions — valued at about $30 million — for eligible U.S. small businesses that are veteran-owned or operate in farming, manufacturing or technology, the department said in a statement. “For more than two decades, PayPal has helped small businesses start, scale, and thrive by expanding access…

The impact of the energy crisis on the global economy in recent months is showing up in gauges of supply-chain stress that flashed red during the pandemic, adding to reasons for central banks to be on guard for a recurrence of high inflation. The following dashboard of logistics activity shows that some gauges are at their highest since the 2020-23 period, when economies locked down, shortages emerged and shipping snarls persisted. While the indexes are still far from their COVID highs, they reflect disruptions to global trade from the Iran war that bear some similarities to what happened back then.…

Global organization are moving from risk mitigation to a risk-led strategy as business leaders shift their approach to risk, influenced by geopolitical instability, economic uncertainty, and technological disruption. According to Worldwide Broker Network’s (WBN) “New Risk Reality Report,” resilience has become a competitive advantage, said senior business executives surveyed across the U.S., United Kingdom, Canada, France, Germany, and Spain. Olga Collins “As organizations navigate uncertainty, risk management has never been more mission critical, yet it remains one of the most misunderstood and undervalued levers of corporate resilience,” Olga Collins, CEO of the independent insurance broking and employee benefits network, in…

Inszone Insurance Services announced the acquisition of Smith & Company Insurance, Inc. This strategic acquisition brings an agency with roots dating back to 1904 into the Inszone organization, continuing to strengthen its footprint across the state of Arkansas. With its earliest documentation tracing back over a century to 1904, Smith & Company Insurance has a long and storied history of serving its local communities. The Smith family officially purchased the agency in 1971, building it into a trusted local institution. Today, the agency is co-owned by Mark Smith, Drew Higginbothom, and William Smith who have expanded the business while maintaining…

The hacking group that targeted the Canvas educational tool and the parent company that owns the software struck a deal to secure stolen student and school data, the company said in a statement late Monday. In a statement posted to its website, the company said it “reached an agreement with the unauthorized actor involved with this incident.” As part of the agreement, all data was returned to the company, the company received digital confirmation of data destruction, and the company was informed that “no Instructure customers will be extorted as a result of this incident, publicly or otherwise.” The agreement…

The state of Maryland has finalized a $2.5 billion settlement with Grace Ocean Private Limited and Synergy Marine Pte Ltd., the owner and operator of the cargo ship Dali, over the ship’s March 26, 2024 allision that caused the collapse of the Baltimore’s Key Bridge and killed six workers. Attorney General Anthony G. Brown said the settlement resolves civil claims brought against the vessel interests on behalf of the state and its agencies, including the Maryland Transportation Authority (MDTA), the Maryland Port Administration (MPA), and the Maryland Department of the Environment (MDE). Brown said this settlement does not resolve the…

Illinois Attorney General Kwame Raoul filed a lawsuit against B.E.S.T. GDR LLC, doing business as Premium Home Service, and its Chief Executive Officer Yosef Bernath, alleging the business created thousands of online business profiles for home repair companies that did not exist. The U.S. Department of Justice (DOJ) joined Raoul in filing the lawsuit against the online business based in Westchester, Illinois. The Attorney General’s office collaborated with the Federal Trade Commission (FTC) and DOJ on the lawsuit. Raoul’s lawsuit alleges Premium Home Service’s scheme lures consumers in with local phone numbers for what consumers think are local home repair…

Brown & Riding announced Susannah Armstrong to its private client practice within the firm’s underwriting & select accounts division, specializing in high-net-worth personal lines. With over 10 years of industry experience across sales, service, and marketing in the insurance space, Armstrong brings a strong background in client engagement, communications, and brand development to her new role. She is known for her knowledge and expertise in the private client sector and has built her career on adaptability, integrity, and always working to find the right fit for her retailers’ needs. Was this article valuable? Yes No Here are more articles you…