Insurance Journal
NASHVILLE (AP) — The wife of Grammy-winning sound engineer Mark Capps, who was killed by police in January, filed a federal lawsuit against the city of Nashville and police Officer Ashley Coon on Monday. Three police officers, including Coon, s...
Posted: Nov 02, 2023
NASHVILLE (AP) — The wife of Grammy-winning sound engineer Mark Capps, who was killed by police in January, filed a federal lawsuit against the city of Nashville and police Officer Ashley Coon on Monday. Three police officers, including Coon, s...
Posted: Nov 02, 2023
Millions more dollars are flowing into Pennsylvania`s race for an open state Supreme Court seat, as labor unions, trial lawyers and billionaires are spending heavily in the campaign to influence a court that has been pivotal in major election-related...
Posted: Nov 02, 2023
SAFE Banking was a much-introduced and more often-sidelined federal bill to provide a safe-harbor for banks doing business with cannabis operators. The new manifestation, the Secure and Fair Enforcement Regulation Banking Act, or the SAFER Banking Ac...
Posted: Nov 02, 2023
A new report shows a 14.3% increase in California’s new vehicle registrations compared to the first nine months of 2022 pushed by rising electric vehicle sales. The 3rd quarter 2023 Auto Outlook report from the California New Car Dealers Associ...
Posted: Nov 02, 2023
This post is part of a series sponsored by AgentSync. Hurricane season is upon us once again, and while The Band of Heathens isn’t worried, the rest of us are preparing. So as homeowners brace for unprecedented winds and increasing …
Posted: Nov 01, 2023
This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) is bringing Accident Recordkeeping Requirements back to the future. Retired after the Compliance, Safety, and Accountability (CSA)...
Posted: Nov 01, 2023
American International Group (AIG) during the third quarter recorded a 264% increase in underwriting income within its General Insurance segment to $611 million as adjusted pretax income in the segment increased to about $1.37 billion compared to $75...
Posted: Nov 01, 2023
Allstate Corp. said its net loss for the third quarter was $41 million compared to a loss of $685 million during the same time a year ago. The Northbrook, Illinois-based insurer recorded an improvement in its third quarter combined ratio …
Posted: Nov 01, 2023
MINNEAPOLIS (AP) – Federal officials have charged four Minnesota men in a multi- million-dollar scheme to transport stolen catalytic converters to buyers in several states. U.S. Attorney Andrew M. Luger in Minneapolis announced the indictments Tuesda...
Posted: Nov 01, 2023
Patriot Growth Insurance Services, LLC (Patriot), one of the nation’s largest and fastest-growing insurance services firms, expanded its presence in Ohio and Pennsylvania with its partnership with the Douce James Agency. This partnership adds a...
Posted: Nov 01, 2023
Tapco Inc, a manufacturer and molder of farm equipment in Bridgeton, Missouri, agreed to conciliate two federal discrimination charges alleging sexual harassment and constructive discharge with the U.S. Equal Employment Opportunity Commission (EEOC),...
Posted: Nov 01, 2023
Eastern Bankshares, Inc., the stock holding company for Eastern Bank, has completed the previously disclosed sale of its insurance operations, which conduct business as Eastern Insurance Group, to Arthur J. Gallagher & Co. Under the agreement, Ga...
Posted: Nov 01, 2023
Hamilton Insurance Group is targeting a valuation of up to $2 billion in its U.S. initial public offering, the specialty insurer said on Wednesday. The company, along with some existing investors looking to sell their shares, aims to raise up …
Posted: Nov 01, 2023
Insurance Agency Mergers and Acquisitions YTD Plunge Investment banking and financial firm OPTIS Partners said the count of agency mergers and acquisitions through the first three quarters of 2023 saw the largest declined ever recorded. There were 53...
Posted: Nov 01, 2023
The Ardonagh Group, the London-based independent insurance distribution platform, has agreed to acquire ASSEPRO, the largest independent commercial broker for small and medium-sized enterprises (SMEs) in Switzerland, with operations in Austria and Li...
Posted: Nov 01, 2023
(AP) — A former employee is suing to force a Mississippi utility to repay $382 million that the federal government gave to build a failed coal- fueled power plant. Kelli Williams, a former construction manager for Atlanta-based Southern Co., fi...
Posted: Nov 01, 2023
Layr, an Atlanta-based insurtech that promises to digitize insurance brokerage operations, said it has raised $10 million to expand operations, marketing and functionality. “One of every four dollars in the GDP goes through the insurance indust...
Posted: Nov 01, 2023
RenaissanceRe Holdings Ltd. announced it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group. AIG received total consideration of $3.3 billion in cash, including a pre-closing dividend, and app...
Posted: Nov 01, 2023
North Carolina Insurance Commissioner Mike Causey appears to have escalated a feud with lawmakers, firing three officials at the state fire marshal’s office after legislation stripped Causey of the marshal’s job. Causey, insurance commiss...
Posted: Nov 01, 2023
Global commercial insurance prices increased 3% in the third quarter of 2023, the same as the prior quarter, according to the Global Insurance Market Index released by the insurance broker Marsh, a business of Marsh McLennan. The third quarter marks...
Posted: Nov 01, 2023
Verisk Analytics beat market expectations for third-quarter revenue and profit on Wednesday, as more insurance companies used its products to assess risk. The data analytics company’s products cater to insurers across sectors ranging from real...
Posted: Nov 01, 2023
A wildfire fueled by Santa Ana winds ripped through rural land southeast of Los Angeles, forcing about 4,000 people from their homes, fire authorities said. The Highland Fire erupted at about 12:45 p.m. Monday in dry, brushy hills near the …
Posted: Nov 01, 2023
NASHVILLE, Tenn. (AP) — A prosecutor and two Tennessee Bureau of Investigation agents have settled a First Amendment lawsuit for $125,000, the plaintiff`s attorneys said Monday. The suit was filed by a man who said he was arrested over a …...
Posted: Nov 01, 2023
A California jury on Tuesday found Bayer liable in a case brought by a man who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered it to pay $332 million in damages. The verdict …
Posted: Nov 01, 2023