California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO …
People Moves: California Commissioner Names Insurance Diversity Task Force Leadership Read More »
The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay $250,833 in civil money penalties and $5,078 in back wages and damages—and take steps to ensure future compliance with federal …
Idaho Grocer to Pay $250K for Child Labor and Wage Violations Read More »
The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers were either traded between financial sponsors or bolted onto a larger strategic partner with minimal friction. While these approaches have …
Viewpoint: Navigating Strategic Capital Options for Insurance Brokerages Read More »
Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to key …
Philadelphia Insurance Restores Limited Access But Major Outage Continues Read More »
Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewed by Bloomberg News. …
‘Abolishing FEMA’ Memo Outlines Ways for Trump to Scrap Agency Read More »
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday. The cost of a seven-day …
Israel War Risk Ship Insurance Costs Soar After Iranian Attacks, Sources Say Read More »
Markel Insurance, the insurance operations within Markel Group Inc., appointed new leadership within its U.S. wholesale and specialty division. The company is simplifying its structure from six U.S. wholesale and two U.S. retail regions to four integrated U.S. regions. As …
Louisiana Governor Jeff Landry vetoed a bill last week that would have limited bad faith lawsuits against insurers, a move that raised criticism from the insurance industry. SB 111, sponsored by Sen. Alan Seabaugh, R-Many, intended to bring clarity to …
Louisiana Governor Vetoes Bill Limiting Bad Faith Lawsuits Against Insurers Read More »
The US has spent nearly $1 trillion dollars on disaster recovery and other climate-related needs over the 12 months ending May 1, according to an analysis released Monday by Bloomberg Intelligence. That’s 3% of GDP that people likely would have …
US Spending on Climate Damage Nears $1 Trillion Per Year Read More »
An Atlanta family whose home was wrongly raided by the FBI will get a new day in court, the Supreme Court ruled unanimously on Thursday. The decision revives a lawsuit filed after a predawn 2017 raid in which armed members …
Supreme Court Revives Lawsuit From Atlanta Family Whose Home Was Raided by FBI Read More »
