INSURANCE NEWS
4 Cows Killed in Truck Rollover Crash in Connecticut; Another 6 Euthanized
A tractor-trailer carrying 44 dairy cows crashed on a Connecticut highway exit ramp early Thursday, killing eight of the animals immediately while another six had to be euthanized because of their injuries, state police and agriculture officials said. Police and …
Communities Can’t Recycle or Trash E-Cigarettes. So What Happens to Them?
With the growing popularity of disposable e-cigarettes, communities across the U.S. are confronting a new vaping problem: how to safely get rid of millions of small, battery-powered devices that are considered hazardous waste. For years, the debate surrounding vaping largely …
Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023
The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurers, along …
TWIA Board to Hold Interim Meeting to Discuss 2024 Budget
The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Tuesday, October 31 at 10:00 a.m. CT to review preliminary information about the Association’s 2024 budget. TWIA staff will preview the 2024 budget ahead of …
Independent Insurance Agents of Illinois Presents Annual Awards
The Independent Insurance Agents of Illinois ((IA of IL) presented awards to top agents and agencies during the association’s annual convention held in Peoria last week. Connor & Gallagher OneSource (CGO) of Lisle was awarded the IIA of IL Agency …
Computer Systems for Almost All Kansas Courts Offline Due to Security Incident
TOPEKA, Kan. (AP) – Computer systems for almost all of Kansas` courts have been offline for five days because of what officials call a “security incident,” preventing them from accepting electronic filings and blocking public access to many of their …
Nebraska Sheriff Charged With Filing Fraudulent Auto Insurance Claim
ORD, Neb. (AP) – A small-town Nebraska sheriff has been charged with filing a fraudulent auto insurance claim to get the repairs to his yellow 2004 Chevrolet Monte Carlo paid for. The complaint filed against Valley County Sheriff Casey Hurlburt …
Suspended Miami City Commissioner Pleads Not Guilty to Money Laundering Charges
MIAMI (AP) — A suspended Miami city commissioner who is accused of accepting $245,000 in exchange for voting to approve construction of a sports facility has pleaded not guilty to multiple felony charges, including bribery and money laundering. Alex Diaz …
M4.2 Earthquake Confirmed in Northern California, Set off Quake Alert
A magnitude 4.2 earthquake shook part of Northern California between the state capital and the San Francisco Bay region on Wednesday, setting off automated quake alerts, the U.S. Geological Survey confirmed. The 9:29 a.m. quake was centered in the agricultural …
Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office
Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …
Markel Takes Minority Stake in UK-Based Tax MGA
Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further …
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more dynamic, agile, and streamline …