Insurance
People Moves: Encova Insurance Names Webber and Rao as VPs
Encova Insurance, headquartered in Columbus, Ohio, named Zach Webber as vice president, corporate actuarial, and Boppana Rao as vice president, enterprise digitization, AI and data. Webber has nearly two decades of actuarial experience across both commercial and personal lines, with …
Read More Wreck of the Edmund Fitzgerald Still Resonates 50 Years Later
Spend enough time along the shores of Lake Superior and it won’t be long before there’s some reminder of what happened “when the gales of November came early.” This year marks the 50th anniversary of the wreck of the Edmund …
Read More ReSource Pro Acquires Indiana-Based Supportive Insurance Services
ReSource Pro, a strategic operations partner serving the insurance industry, announced the acquisition of Supportive Insurance Services (SIS), a provider of licensing and renewal services. SIS’s deep specialization in adjuster licensing and compliance services complements ReSource Pro’s existing offerings, which …
Read More Lawsuit Seeks to Overturn Dallas Ordinances, Including LGBTQ+ Protections
Two years after state lawmakers passed a sweeping law aimed at preventing Texas cities from adopting progressive policies, that law may finally get its first major test. Three Dallas residents sued the city in Denton County District Court Wednesday to …
Read More NAIC Announces Johnston Interim CEO as Anderson Departs
The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29. NAIC Chief Regulatory Affairs Officer Jeff Johnston will serve …
Read More WV OIC Accepting Input on American Modern’s 47% Auto Rate Increase Request
The West Virginia Office of the Insurance Commissioner is accepting comments about a proposed 47.38% average increase in auto liability rates filed by American Modern Property and Casualty Insurance Co. About 504 policyholders will be affected. Written comments will be …
Read More Bank Sells Tompkins Agencies to A. J. Gallagher for $223 Million
Tompkins Financial Corp. has closed on the sale of its wholly owned subsidiary, Tompkins Insurance Agencies, Inc. (TIA), to Arthur J. Gallagher & Co. for approximately $223 million in cash. The transaction generates a pre-tax gain of $183 million, the …
Read More Monkey Escape in Mississippi Gives Glimpse Into Secret World of Animal Research
The recent escape of several research monkeys after the truck carrying them overturned on a Mississippi interstate is the latest glimpse into the secretive industry of animal research and the processes that allow key details of what happened to be …
Read More Nation’s Largest Fleet of Police Cybertrucks to Patrol Vegas
The nation’s largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November thanks to a donation from a U.S. tech billionaire, raising concerns about the blurring of lines between public and private …
Read More Hackers and Crime Rings Are Teaming Up to Steal Cargo, Cyber Firm Says
Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments, a growing campaign that could end up costing companies and consumers billions of dollars, according to new cybersecurity research. Sunnyvale, California-based Proofpoint Inc. said …
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