Insurance Journal

King Insurance Partners Acquires Nashville’s Thetford Brokerage

King Insurance Partners, a brokerage headquartered in Gainesville, Florida, has continued its steady growth with the acquisition of Thetford Insurance Services in Tennessee and Kentucky. Thetford, a boutique firm based in Nashville, was founded in 19...

Posted: Oct 18, 2023

Authorities Still Digging After Brazen Heist that Took $1.6M in Liquor from Florida Warehouse

The Hillsborough County Sheriff’s Office is still investigating after burglary that swiped more than $1.6 million worth of liquor from a Tampa-area warehouse. The theft happened in July at the Republic National Distributing Co. warehouse in Gib...

Posted: Oct 18, 2023

Authorities Still Digging After Brazen Heist of $1.6M in Liquor From Florida Warehouse

The Hillsborough County Sheriff’s Office is still investigating after burglary that swiped more than $1.6 million worth of liquor from a Tampa-area warehouse. The theft happened in July at the Republic National Distributing Co. warehouse in Gib...

Posted: Oct 18, 2023

Justice Department Launches Probe of Trenton Police Department

The Justice Department (DOJ) announced it has has opened a civil rights practices investigation into the Trenton, New Jersey police department. Officials said the investigation will seek to determine “whether there are systemic violations of th...

Posted: Oct 18, 2023

Bronx Contractor Cited For Excavation Hazards After 2 Deaths at JFK Airport

The deaths of two employees of a Bronx water and sewer contractor at a construction site at John F. Kennedy International Airport could have been prevented with proper safeguards, according to investigators with the federal Occupational Safety and He...

Posted: Oct 18, 2023

California Restaurant Mutual Benefit Group Raises $100M

California Restaurant Mutual Benefit Corp. raised $100 million in capital over the past decade from its members and through fiscal controls. CRMBC is a California self-insured group that provides workers’ compensation coverage for the restauran...

Posted: Oct 18, 2023

Gallagher Acquires International Broker Clements Worldwide

Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Washington, D.C.-based Clements Worldwide. Clements is an international insurance broker serving expats, diplomats and military personnel as well as offering commercia...

Posted: Oct 18, 2023

Los Angeles Hit With Verdict Topping $13M in Death of Man

A federal court jury returned a $13.5 million verdict against the city of Los Angeles in a lawsuit over the death of a man after two police officers used their bodyweight on his back to restrain him, the plaintiff`s attorneys …

Posted: Oct 18, 2023

Driving Your Organization Forward with Advanced Analytics

This post is part of a series sponsored by AgentSync. A recap of AgentSync Co-Founder Jenn Knight’s panel at the 2023 Insurtech Insights Conference With the insurtech landscape becoming increasingly competitive, insurers are feeling the pressur...

Posted: Oct 17, 2023

Louisiana Insurance Commissioner-Elect Tim Temple Forms Insurance Advisory Council

Louisiana Insurance Commissioner-Elect Tim Temple has announced the formation of an Insurance Advisory Council that will identify legislative recommendations for upcoming legislative sessions, including a special session to address the state’s...

Posted: Oct 17, 2023

OSHA Investigations Uncover 36 Violations at Tulsa Manufacturing Facility

A Tulsa, Oklahoma manufacturing facility exposed employees to struck-by hazards and identified 36 violations, including 25 serious safety violations of U.S. Department of Labor regulations, three federal workplace safety and health investigations fou...

Posted: Oct 17, 2023

IAIABC Recognizes Eight Individuals for Outstanding Contributions to Workers’ Compensation Industry

The International Association of Industrial Accident Boards and Commissions (IAIABC) recognized eight individuals for their service to the agency and the workers’ compensation industry at the agency’s 109th convention in Monona, Wisconsin...

Posted: Oct 17, 2023

Private Health Data Still Being Exposed to Big Tech, Report Says

Despite recent efforts to address the issue, medical-related websites continue to be mined for data including personal medical information, in an apparent violation of patients’ privacy rights, according to a new study. Some of the most common...

Posted: Oct 17, 2023

U.S. Labor Department Finds 19 Safety Violations at GM Joint Venture Battery Plant in Ohio

DETROIT (AP) – The U.S. Labor Department said that investigators found 19 safety and health violations at a General Motors joint venture electric vehicle battery plant in Ohio during a two-week period this year. The department`s Occupational Safety a...

Posted: Oct 17, 2023

Oka Gets ‘In Principle’ Approval to Launch Lloyd’s Syndicate-in-a-Box 1922

Asta, the leading third-party managing agent at Lloyd’s, and Oka, the Carbon Insurance Company, announced that Lloyd’s has granted “in principle” approval for Oka syndicate-in-a-box (SIAB) 1922. Oka Syndicate 1922, which aims...

Posted: Oct 17, 2023

17 Florida Sheriff’s Deputies Charged with Stealing $500,000 in Pandemic Relief Funds

FORT LAUDERDALE, Fla. (AP) — Seventeen Florida sheriff`s deputies appeared in court on charges that they stole about half a million dollars in pandemic relief funds. The Broward County deputies, who are charged separately, are accused of a rang...

Posted: Oct 17, 2023

Former Georgia Insurance Commissioner’s Sentenced Reduced, Due to Guidelines

A federal judge has trimmed nine months off former Georgia Insurance Commissioner Jim Beck’s prison sentence for embezzlement, not because of his good behavior in jail, but because he has no prior criminal history. “Both Defendant and the...

Posted: Oct 17, 2023

Brown & Brown Acquires Assets of Pacific Underwriters in Washington

A subsidiary of Brown & Brown Inc. has acquired substantially all of the assets of Pacific Underwriters. Following the acquisition, the Pacific Underwriters team will continue doing business from their existing Seattle, Washington location as par...

Posted: Oct 17, 2023

Colorado Train Derails, Spilling Train Cars and Coal onto Highway and Killing Truck Driver

A semi-trailer truck driver was killed when a train derailed and a bridge collapsed, spewing coal and mangled train cars across a highway near Pueblo, Colorado, on Sunday, authorities said. The driver has died, but no further details were available,...

Posted: Oct 17, 2023

Report on Virginia Beach Mass Shooting Stresses Training for Police, Fund for Victims

A state commission has called for numerous changes to how Virginia and its communities respond to mass shootings, from establishing a victims` fund to teaching people how to slow bleeding before paramedics arrive. But the panel`s final report on a &#...

Posted: Oct 17, 2023

People Moves: Bohm Head of US Capital Advisory at BMS Group; NIP Group Names Lindemann General Couns...

BMS Group Appoints Andras Bohm as Head of U.S. Capital Advisory BMS Group announced the appointment of Andras Bohm as the head of its U.S. capital advisory business and the CEO of BMS Capital Advisory, Inc. (BMS Groups’ U.S. broker-dealer). &#8...

Posted: Oct 17, 2023

College Athletes Are Fighting for a Cut of Billions Generated in Media Rights Deals

At a reception attended by several university presidents in Manhattan, Arizona State President Michael Crowe was asked to ponder a not-too-distant future where Sun Devils football and basketball players get a cut from the billions of dollars their sp...

Posted: Oct 17, 2023

NFP Acquires UK-Based Cronin Insurance Consultancy Ltd.

NFP, a New York City-based property/casualty broker, announced its acquisition of The Cronin Insurance Consultancy Ltd., a commercial insurance broker based in the West Midlands, England. This latest acquisition continues NFP’s growth in the re...

Posted: Oct 17, 2023

NHTSA Fines Zipcar for Uncompleted Recall Rentals

U.S. auto safety regulators said Oct. 16 that car-sharing firm Zipcar has agreed to pay a $150,000 fine after a government investigation found it allowed customers to rent vehicles with uncompleted recalls. Zipcar could be forced to pay another $150,...

Posted: Oct 17, 2023

1 Global Capital CEO Pleads to Using Investor $ for Cars, Artwork Insurance

MIAMI (AP) — A Florida executive whose family business once owned Playgirl magazine is awaiting sentencing after pleading guilty to conspiracy to commit securities fraud for misleading investors in another of his companies — one that made...

Posted: Oct 17, 2023