INSURANCE NEWS
Clorox Cyber Chief Leaves While Company Recovers From Devastating Hack
The chief information security officer at Clorox Co. has left the company as it works to recover from a hack that devastated its supply chain earlier this year. Amy Bogac departed after about two and a half years in the …
Is Miami-Dade, Once the Leader in Strong Building Requirements, Now Out of Step?
Editor’s note: For almost three decades, Florida contractors and building officials have operated under two different building codes: One for most of the state and another for the southeastern corner – Miami-Dade and Broward Counties, known as the High Velocity …
State Lawsuit Blames PepsiCo’s Plastic Packaging for Public Nuisance in Buffalo Area
The state of New York has filed a lawsuit against PepsiCo Inc. for allegedly harming the public and the environment with its single-use plastic bottles, caps and wrappers. The suit, brought by the office of Attorney General Letitia James, maintains …
People Moves: Tyndell joins Lockton’s Seattle Operation
Josh Tyndell joined the Lockton company in its Seattle, Wash. office. Tyndell has 20 years of experience in the insurance industry. Before joining Lockton, he was a founding partner at BK-JET Group which was acquired by HUB International in 2018. …
Connecticut Approves 10% Rate Reductions for Workers’ Compensation for 2024
Businesses in Connecticut will receive a nearly 10% decrease in rates for workers’ compensation insurance beginning on January 1, 2024. The Connecticut Insurance Department has approved an annual workers’ compensation rate filing for 2024 with a decrease of 9.8% to …
Manhattan Real Estate Brokerages Sued for Inflating Commissions
A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. The …
Holding Company for American Southern Reports Improved Net Earnings for Q3
Atlantic American Corp., the holding company for property/casualty insurer American Southern Insurance Co., Bankers Fidelity Life, and an employee benefits unit, this week reported third-quarter net income of $1.8 million, an improvement over the same period a year earlier. It …
Inszone Acquires Texas’ Max Breisse Insurance Agency
Inszone Insurance Services, a national provider of commercial, personal, and benefits insurance, has acquired Max Breisse Insurance Agency. Based in Katy, Texas, the agency was founded by Max Briesse in September of 2007. The physical office in Katy will remain …
Charter Bus Collision With Semi-Truck Leaves 3 Dead and 15 Injured in Ohio Highway Accident
ETNA, Ohio (AP) – A charter bus carrying students from a high school was rear- ended by a semi-truck on an Ohio highway Tuesday morning, leaving three people dead and 15 others injured, according to an emergency official. The charter …
EWG Report Finds Rapidly Rising Crop Payouts As Climate Change Hits U.S. Agriculture
Drought, heat, hail, rain and freezing temperatures – the five horsemen of crop insurance. A new report from EWG found that crop insurance payouts for the top five weather-related losses totaled over $118.7 billion between 2001 and 2022, making up …
Disney Study Says it Has $40B Impact on Florida as it Battles DeSantis in Court
ORLANDO, Fla. (AP) — Disney on Tuesday released a study showing its economic impact in Florida at $40.3 billion as it battles Florida Gov. Ron DeSantis and his appointees over their takeover of the district that governs the entertainment company`s …
Trump Asks for Mistrial in New York Civil Fraud Case
Donald Trump’s lawyers on Wednesday urged a New York judge to declare a mistrial in a civil fraud case over his family real estate company’s business practices, but the former U.S. president faces long odds of getting a new trial. …