Insurance
Florida Peninsula Says Reforms Have Had an Impact, Announces 2% Rate Cut
After the Florida Legislature in 2022 and 2023 passed sweeping reforms designed to limit excessive claims litigation, some in the insurance industry predicted that the new rules would prevent further rate increases – but would not lead to actual decreases …
Read More St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards
Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksites in Wentzville in October and …
Read More Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller
OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …
Read More Alera Group Acquires Texas-Based HealthSure
Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk consulting and insurance solutions. In alignment …
Read More Florida’s Slide Insurance Secures $210 Million Catastrophe Bond
Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the …
Read More EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS
About 100 million people will be exposed to fewer cancer-causing “forever chemicals” under the country’s first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House officials said. The Environmental Protection Agency finalized an enforceable 4 parts per …
Read More Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to about 300,000 …
Read More People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team
Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Richard Chu as managing director, Credit, Bond & Political Risk, Global Specialties. Effective immediately, …
Read More People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits
Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will assume her expanded role on Sept. 1, based in New …
Read More Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud
Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in Los Angeles. But this was the life Donnie Callaway portrayed via social media to …
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