INSURANCE NEWS
New Jersey Insurance Executive, Political Power Broker Charged With Racketeering
New Jersey Attorney General Matthew J. Platkin is charging a well-known New Jersey insurance executive and long-time Democratic political influencer with leading a criminal enterprise in the state for the past dozen years. George E. Norcross III, executive chairman of …
Iowa Nurse Charged With Insurance Fraud
An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony), following an investigation by the Iowa Insurance Division’s Fraud Bureau. Amanda Manatt, age 35, of Marshalltown allegedly falsified patient records while working …
La Nina Weather 65% Likely to Develop in July-Sept: National Weather Service
There is a 65% chance of the La Nina weather pattern, characterized by cold temperatures in the Pacific Ocean, developing during July-September, a U.S. government forecaster said on Thursday. This shift from the current neutral phase between La Nina and …
Companies Downplaying DEI Executive Pay Goals
A growing number of America’s biggest companies are revising diversity metrics for executive pay, a possible sign that conservative-led attacks on DEI are weighing more heavily on corporate culture. A review of about 1,200 companies found that the proportion of …
AM Best Downgrades Credit Rating of Louisiana Farm Bureau Mutual
AM Best announced it has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “a-” (Excellent) of Louisiana Farm Bureau Mutual Insurance Company, based in Baton Rouge. The …
Houston Leaders Approve $1B Bond Deal to Cover Back Pay for Firefighters
HOUSTON (AP) — Houston leaders have agreed to a bond deal that could cost the city’s taxpayers more than $1 billion to cover years of back pay owed to firefighters. Firefighters in the nation’s fourth-largest city have worked without a …
Ex-Browns QB Sues Digital Media Company Over Firing for Sportsbook Bet
CLEVELAND (AP) — Former Cleveland Browns quarterback Bernie Kosar has sued a digital media company over his firing as a pregame radio host for placing a bet on a sportsbook app when Ohio legalized gambling last year. According to court …
Wintermute Moves from WTW to Alliant, Now VP for Benefits Group
Alliant Insurance Services, known as one of the larger U.S. insurance distribution companies, has named Kevin Wintermute executive vice president of its employee benefits group, based in Charlotte, North Carolina. Wintermute has 28 years in the business. Previously, he was …
New Mexico Town Ordered to Evacuate Due to Large, Uncontained Wildfire
Residents of a New Mexico town were ordered to flee their homes on Monday due to a fast-moving wildfire. The town of Ruidoso, with roughly 7,000 residents, was ordered to immediately evacuate from the South Fork and Salt fires. “An …
This Week’s Travelers PGA Event Attracts Top Golfers; Proceeds Go to Charities
The Travelers Companies is marking its record 18th year as title sponsor of its Professional Golf Association (PGA) Tour event at TPC River Highlands in Cromwell, Connecticut. The 2024 Travelers Championship tournament is a PGA Tour Signature Event and the …
Fire at Carrie Underwood’s Tennessee Home Limited by Her 10,000-gallon Water Tank
A fire at country music star Carrie Underwood’s Nashville-area home was limited to the garage, thanks in part to a 10,000-gallon water tank on the property. USA Today and local news outlets reported that an all-terrain vehicle sparked a fire …
Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million
Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the city. Investment firm Besant Capital has made …