INSURANCE NEWS
King Insurance Picks up DMA Agency in North Carolina
Florida-based King Insurance Partners, said to be one of the fastest growing insurance brokerages in the country, has added North Carolina’s David L. May Jr. Agency to its court. Known as DMA, the agency has offices in Mount Airy and …
Florida Settles Lawsuit, Must Provide Denied COVID Data on Deaths, Vaccines
TALLAHASSEE, Fla. (AP) — Florida will have to provide COVID-19 data to the public again after a former Democratic state representative settled a lawsuit with Republican Gov. Ron DeSantis` administration over the decision two years ago to stop posting information …
Despite Reform Laws, Florida Premiums Won’t Drop, Karen Clark & Co. Says
State laws adopted in 2022 and 2023 may have stemmed excessive claims litigation in Florida, helping to stabilize the distressed property insurance market and slow rate increases. But premiums, which have doubled for some homeowners in recent years, are unlikely …
Inszone Acquires Missouri’s DeVoy
Inszone Insurance Services announced the acquisition of DeVoy Insurance Group, a well-established insurance agency deeply rooted in the community of Brookfield, Missouri. DeVoy Insurance Group is run by Blake DeVoy, whose family has a storied history in the insurance industry …
Texas Mutual Awards Over $2M in Safety Grants
Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, has awarded over $2 million in safety grants to policyholders. The safety grant program opened in July and eligible policyholders were invited to apply on a first-come, first-served …
Liberty Acquires Ohio’s Farley-Peeples
The Liberty Company Insurance Brokers (Liberty) has announced the acquisition of Farley-Peeples Insurance under the umbrella of Liberty Buren Insurance Services based in Ashland, Ohio. Farley-Peeples has been a cornerstone of the insurance industry since 1939, serving the Mansfield, Ohio …
Grand Jury Declines to Indict Anyone in Deadly Collapse of Hard Rock Hotel in New Orleans
NEW ORLEANS (AP) – A grand jury in Louisiana has decided against indicting anyone in the deadly collapse four years ago of a Hard Rock Hotel that was under construction in New Orleans. The panel, which heard evidence in the …
Failure of Component Caused Washington Seaplane Crash That Killed 10, NTSB Says
U.S. investigators have confirmed that a mechanical issue caused the seaplane crash that killed 10 people off an island in Washington state last year. The National Transportation Safety Board, which investigated the Sept. 4, 2022, crash, said Thursday that a …
World Insurance Acquires Trucking Specialist Oakwood/Insure Big Rig, of New Jersey
World Insurance Associates announced that it acquired the business of Oakwood Insurance Agency, LLC, also doing business as Insure Big Rig, of Califon, New Jersey on October 1, 2023. Oakwood has been providing trucking insurance to customers since 2011. The …
Global Economic Losses From Extreme Weather Could Hit $5 Trillion: Lloyd’s
Global economic losses could reach $5 trillion under a “plausible increase” in extreme weather events linked to climate change that cause crop failures and food and water shortages, insurance marketplace Lloyd’s of London said on Wednesday. Lloyd’s, which carried out …
Finland Says Damage to Gas Pipeline, Telecoms Cable Likely Result of Deliberate Act
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday. NATO Secretary General Jens Stoltenberg said NATO …
Cyber Pro Talks Managing Insider Threats, Building a Cybersecurity Career
Boyd Clewis’s journey to building a career in cybersecurity began with learning how to persevere and problem solve in the face of setbacks – advice he now shares with companies for managing their cyber risk. After having to drop out …