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ANV Group Holdings Ltd., the insurance intermediary platform, announced it has completed the acquisition of Car Care Plan (CCP) from AmTrust Financial Services Inc. CCP is the number one provider of motor warranty in the United Kingdom and a market-leading warranty managing general agent (MGA), ANV said. Financial details of the deal were not disclosed. Since its founding in 1976, CCP has developed an international platform built on long-standing OEM relationships, specialized warranty expertise, and comprehensive operational capabilities. Today, the business serves more than 30 original equipment manufacturers (OEMs), 2,500-plus dealers, and customers across approximately 100 countries, with services spanning…

Florida’s attorney general asked a judge on Monday to bar OpenAI from developing new artificial intelligence models without outside oversight as part of its lawsuit accusing the company of harming children. Florida sued OpenAI in June accusing the company of misrepresenting the safety of its ChatGPT platform, saying it has harmed children by providing information to school shooters, offering guidance on self-harm and addicting young users. Florida Attorney General James Uthmeier in Monday’s filing also asked the court to order OpenAI to keep minors off ChatGPT and bar the company from giving its chat platform “human attributes.” Drew Pusateri, a…

Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals and other related companies filed a claim two weeks ago in Singapore’s High Court, seeking damages from London-listed Glencore over allegations of fraud, breach of contract and conspiracy. Glencore has described the claims as “meritless.” Last week, a Singapore High Court judge said interim judicial managers were needed at Radiant World to investigate suspected fraud at the iron ore trader,…

A group of 15 states and a Texas county on Sept. 28 sued the US Federal Aviation Administration over an environmental review of planned commercial drone package delivery rules. The states — including New York, California, Massachusetts, Wisconsin and Michigan — and Harris County, Texas, said the FAA violated the law by failing to adequately analyze the potential environmental impacts of expanded drone package delivery operations. The states said the FAA determination completed in late July did not “adequately address the potential safety risks or other environmental impacts” The FAA did not immediately respond to a request for comment. The…

The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It is set to expire at the end of 2027. Earlier this month the Senate Banking Committee voted 24-0 to advance the measure. The U.S. House of Representatives in June overwhelmingly passed legislation to extend the public-private partnership started with the Terrorism Risk Insurance Act (TRIA) when insurance for terrorism risk all but disappeared following the attacks on 9/11. Related: Federal…

WalkerHughes Insurance has acquired Burgett Insurance Agency, based in Killbuck, Ohio. The addition of Burgett further expands WalkerHughes’ footprint in Ohio and builds upon the firm’s continued growth in the state following its partnership with Sacksteder Worland Insurance Agency in Tiffin in February 2026. The agency, owned by Cory Miller, has served Killbuck and the surrounding Holmes County community for generations, building lasting relationships with local families, businesses, municipalities and a community bank. Miller will remain with the agency, focused on serving clients and mentoring new team members. Topics Mergers & Acquisitions Ohio Was this article valuable? Yes No Here…

Gov. Greg Abbott declared a statewide disaster on Monday over soaring diesel prices and a worsening fuel shortage created by wars abroad. The 30-day disaster declaration, which can be extended indefinitely, allowed Abbott to lift some restrictions on commercial transportation, which he said will alleviate some of the elevated costs. Diesel fuel is used in farming and commercial shipping, so elevated fuel prices are passed through to consumers in the form of higher costs for goods at the grocery store. The declaration expands the use of dyed diesel on Texas roads, suspends Texas Low Emission Diesel rules to the limit…

Cornell University said it supports a decision by prosecutors to reopen a criminal investigation into allegations of sexual assault and rape at a campus fraternity, pushing back on criticism of how it handled the case. The Ivy League school defended its handling of the allegations, which first surfaced two years ago, after Tompkins County District Attorney Matthew Van Houten said in a statement his office intends to present the case to a grand jury. The reopening of the case follows a Sept. 14 lawsuit by the unidentified woman in New York state court alleging that she was drugged and sexually…

The Paris Criminal Court found Spanish company Swiftair guilty of corporate manslaughter on Monday over the 2014 crash of an Air Algerie flight that killed 116 people in northern Mali. Swiftair, which had been sub-contracted to operate the flight on behalf of the Algerian carrier, denied the charges and attempted to have the case halted at the trial’s opening on the grounds that a Spanish court had already dropped the case. However, a French judge ordered the company to pay the maximum fine in France of €225,000 for corporate manslaughter, “or involuntary homicide,” after a three-week trial earlier this year…

South Korean banks and insurers are hunting for overseas deals to lift growth, signaling a broader outward turn by an industry that largely stayed home while companies including Samsung Electronics Co. and Hyundai Motor Co. built global businesses. A rapidly aging population and a mature domestic market are pushing Korean financial groups to head out. Backed by strong balance sheets, they are scouring investments ranging from US insurance and retirement businesses to banks and consumer-finance companies across Asia, setting the stage for some of the industry’s biggest foreign bets yet. This move is likely to be measured, rather than turn…