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TWIA Board of Directors to Consider 2024 Budget at Upcoming Meeting
The Texas Windstorm Insurance Association (TWIA) Board of Directors will meet next week to consider the association’s 2024 budget. The meeting, which will be held at the Corpus Christi Omni Hotel on Dec. 12 at 9:00 a.m., will also include …
POSTED DECEMBER 04, 2023 5:36 PM |
People Moves: Ryan Specialty Appoints Nash President of CorRisk Solutions; Dunne Joins AIG Board of Directors
Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. CorRisk is headquartered in Atlanta, Ga. Nash previously served as president of Kelly Underwriting Services, …
POSTED DECEMBER 04, 2023 5:08 PM |
Jury Orders Egg Suppliers to Pay $17.7M in Damages for Price Gouging in 2000s
A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under federal law – to several food manufacturing companies who had sued major egg producers over a conspiracy to limit the …
POSTED DECEMBER 04, 2023 4:55 PM |
Federal Judge Dismisses Lawsuit Alleging Environmental Discrimination in Louisiana Parish
NEW ORLEANS (AP) – A federal judge has thrown out a lawsuit that accused a south Louisiana parish of using land use policies to guide industries that pollute into communities with majority-Black populations. U.S. District Judge Carl Barbier of the …
POSTED DECEMBER 04, 2023 4:47 PM |
Iowa Insurance Agent Pleads Guilty to Wire Fraud
An Iowa man pleaded guilty to wire fraud for using his position as an insurance agent and annuity salesperson to defraud elderly individuals out of their retirement savings and other monies. Zachary James Flaherty, age 47, of Clive pled guilty …
POSTED DECEMBER 04, 2023 4:42 PM |
Illinois High Court: UM Insurance Can’t Be Restricted to Occupants of Covered Vehicles
The Illinois Supreme Court on Thursday affirmed an appellate court ruling that found that injuries to a 14-year-old boy who was struck by a car while riding his bicycle are covered by his father’s uninsured motorist policy despite language that …
POSTED DECEMBER 04, 2023 4:35 PM |
US Personal Lines Outlook Continues to Be Negative: AM Best
The U.S. personal lines insurance industry faces too many daunting challenges, leading AM Best to maintain its negative outlook. The outlook for personal lines was changed to negative in September 2022 – at first due in large part to the …
POSTED DECEMBER 04, 2023 3:59 PM |
Confie Acquires Acceptance Insurance
Confie announced the acquisition of Acceptance Insurance’s retail division to its family of brands. The personal lines distribution company said its latest acquisition expands its footprint to 26 states across the U.S. with the retail store additions in Ohio, Pennsylvania …
POSTED DECEMBER 04, 2023 3:24 PM |
Winter Weather in Pacific Northwest Cut Power to Thousands in Seattle
Winter weather brought high winds and snow to parts of the Pacific Northwest, knocking out power in some areas and dumping fresh snow across the Cascade Range. Thousands of households were without power Saturday morning in the greater Seattle area …
POSTED DECEMBER 04, 2023 3:04 PM |
World Insurance to Purchase Exchange Underwriters From Pennsylvania Bank
Insurance broker World Insurance Associates has agreed to purchase the personal and commercial insurance agency Exchange Underwriters, Inc. from CB Financial Services, Inc., the holding company for Pennsylvania-based Community Bank. According to the asset purchase agreement, World Insurance Associates will …
POSTED DECEMBER 04, 2023 2:59 PM |
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