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Insurance broker World Insurance Associates LLC announced that it has acquired the business of TE Freuler of Somerset, New Jersey. Terms of the June 1, 2026 transaction were not disclosed. TE Freuler, which also has an office in offices in Newark, has been providing commercial and personal insurance since 1963. Jack J. Butler is the agency’s president. Giordano, Halleran & Ciesla provided legal counsel to World. Satin and Lee Law P.C. provided legal counsel, and Centurian Group advised TE Freuler on the transaction. World Insurance, based in Iselin, New Jersey, is ranked #14 on Insurance Journal’s Top 100 Independent Property/Casualty…

Keystone acquired Infinity Assurance Group in Orange County, California. The deal marks Keystone’s first platform partner in California. IAG will continue to operate under its current leadership, with John Kookootsedes, founder and chairman, and Eric Doll, CEO, continuing at the helm. IAG’s team, client relationships, and community presence remain intact, according to Keystone. IAG is an independent insurance brokerage. Keystone was founded in 2020. Topics Mergers & Acquisitions California Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.

President Donald Trump’s broad rollbacks of federal greenhouse gas rules since January 2025 have altered the trajectory of US energy use and helped set back cuts to planet-warming pollution by about a decade. The latest turnabout came on Monday when the Environmental Protection Agency eliminated requirements that fossil fuel power plants install technical controls to curb their emissions. The move came alongside a proposal to permanently release the nation’s largest industrial source of greenhouse gas emissions from federal oversight. That followed the axing in February of similar EPA climate standards for cars and trucks — another major source of US…

The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress’ nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz. The war is expected to increase inflation by 0.5% in the first three months of 2027, according to the Congressional Budget Office accounting, which totaled expenses through August 1. The mounting costs have strained U.S. munitions stockpiles and driven up energy prices, raising concerns about the country’s ability to respond to other…

European Union member states will push for more free carbon allowances for major industries to better protect companies struggling with tough global competition and rising energy costs. The bloc’s 27 member states will this week seek to agree on a plan to change so-called carbon efficiency benchmarks, which determine the allocation of free permits to the end of the decade in the bloc’s Emissions Trading System, according to a document seen by Bloomberg News. The benchmarks have been a point of contention between the European Commission, the bloc’s executive arm, and energy-intensive industries concerned about stiff competition from companies located…

Britain’s King Charles will host the leaders of major artificial intelligence companies this week to discuss whether a shared set of principles is needed to guide a technology that has sparked growing warnings about its threat to humanity. With the biggest names in AI calling for a slowdown in its development, Charles will host executives from Nvidia, Google DeepMind, OpenAI, Anthropic, and the UK minister for AI, to discuss how the technology can be harnessed to benefit society and uphold human dignity. The debate about AI was thrust back into the spotlight when two Anthropic researchers issued warnings that the…

Texas Capital Bancshares Inc. will switch its primary listing to the Texas Stock Exchange from Nasdaq, making it the fifth company in a week to jump to the upstart marketplace. The Dallas-based financial services provider expects to begin trading on the new exchange on Oct. 8, according to a company statement Monday. The announcement came four days after pipeline operator Energy Transfer LP and three related companies said they would shift to the TXSE. “Bringing Texas Capital’s corporate listing home to the Texas Stock Exchange is the logical next step as we concurrently expand access to the global capital markets…

The Iowa Department of Insurance and Financial Services announced the appointment of Julie Pearce as Acting Deputy Insurance Commissioner for Market Regulation. Pearce brings over 19 years of extensive insurance and financial services experience spanning Life, Annuity, and Property & Casualty lines to the role. Pearce has served as a Holding Company Specialist at the Insurance Division since 2024. In this capacity, she has overseen strategy and risk management for a complex Internationally Active Insurance Group (IAIG), with key focus areas including Cross-Border Reinsurance, Group Capital Calculation, Corporate Governance, AI systems evaluation, financial performance, and ORSA reporting. She has also…

California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner Ricardo Lara, creates a presumption that smoke damage within a wildfire impact area resulted from the wildfire. It also requires insurers to pay for necessary testing and sampling, and it prohibits insurers from terminating Additional Living Expense benefits until homes are restored and safe to occupy. Other mandates include: Establishing timelines for inspections and claim handling. Requiring repair estimates that…

Insurance executive and counsels joined in with those from more than 200 companies that submitted a letter to a federal court rules committee urging the development of a third-party litigation funding (TPLF) disclosure requirement. According to a group called the Lawyers for Civil Justice, the letter was submitted Sept. 14 to the Advisory Committee on Civil Rules, part of a long process in making federal rules of practice and procedure for litigation in federal courts. The committee meets Oct. 21. LCJ said the letter endorses a rule it and the U.S. Chamber Institute for Legal Reform proposed to the committee…