INSURANCE NEWS
Slide Assumes 86,000 Farmers Policies in Florida, Offers Appointments to Agents
Tampa-based Slide Insurance, which has made a practice of assuming Florida policies from other insurers in the last two years, said it has acquired renewal rights to 86,000 homeowner policies from Farmers Insurance. Farmers said in June that it would …
Sailing Vessel That Suffered Broken Mast, Killing Passenger, Had Previous Incidents
A historic sailing vessel on which a passenger was fatally injured by a broken mast was involved in three previous accidents in 2022 and 2019 when the schooner was under different ownership, according to Coast Guard records. The Grace Bailey, …
70-Year-Old Man Settles With Catholic Diocese Over Sex Abuse Suffered at Age 8
A 70-year-old man who recently reached a settlement with a Roman Catholic diocese in Massachusetts over sexual abuse he suffered at age 8 said Wednesday he is speaking out because “my voice was taken away from me for all those …
Freedom Insurance and Risk Management Joins VIAA
Freedom Insurance and Risk Management recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 2023, Freedom Insurance and Risk Management was created by owner Robert Mitchals, …
First MainStreet Expands Into Minnesota
First MainStreet Insurance L.C. (FMSI) announced it has expanded into the state of Minnesota through a new partnership with United Prairie Insurance (UPI). United Prairie Insurance, previously a bank owned agency, has roots throughout rural Minnesota. Joining the First MainStreet …
Texas Supreme Court Hears Arguments on Attorney Fee Awards When Appraisal Awards Are Paid
Insurance defense attorneys last week urged the Texas Supreme Court to uphold the “plain language” of a law passed in 2017 that they say precludes recovery of attorney fees in cases where the insurer pays the full amount of an …
People Moves: Alliant Names Patzke VP, Alliant Americas Division
Alliant Names Patzke Vice President, Alliant Americas Division Alliant Insurance Services, headquartered in Irvine, Calif., hired Chad Patzke as vice president within its Alliant Americas division. Patzke is based in Oklahoma City, Okla., and will serve clients throughout the Southwest …
Boardroom Clashes Most Likely Over Return-to-Office Policies
Nearly three out of four organizations said return-to-office policies could prompt boardroom battles, according to a new survey of US workplace leaders, showing how senior management doesn’t always see eye to eye on the issue. RTO mandates were cited as …
Mercenary Hackers Stole Data Exxon Cited in Climate Lawsuits: US Prosecutors
U.S. prosecutors say an Israeli private investigator used hackers to steal emails from climate activists who were campaigning against American energy giant Exxon Mobil Corp. In a sentencing memo filed on Thursday, U.S. Attorney Damian Williams, for the Southern District …
Oregon Seeks $27M for Dam Repair from Contractors, District
Oregon officials are seeking more than $27 million in damages over dam repairs they say killed more than half a million Pacific lamprey fish in what they`ve described as one of the largest damages claims for illegal killing of wildlife …
American Family Insurance Confirms Staff Reductions
American Family has confirmed recent reports of layoffs, saying that it is “working to increase efficiency and manage costs” across its five insurance companies. The insurer did not provide specifics regarding the amount of employees, positions, or companies most affected …
Florida Supreme Court Declines to Rehear Med Mal Case that Changed Rule on Experts
The Florida Supreme Court on Thursday declined to rehear a medical malpractice case that has made it easier for insurers and health care providers to challenge a plaintiff’s expert. In University of Florida Board of Trustees vs. Laurie Carmody, the …