INSURANCE NEWS
Police Searching for Suspect in Deadly Florida Mall Shooting
OCALA, Fla. (AP) — Authorities in central Florida issued an arrest warrant Sunday for a 39-year-old man accused of fatally shooting another man at a shopping mall two days before Christmas in which police say the victim was “targeted.” As …
Oakbridge Acquires Akin Insurance Agency in Georgia
Oakbridge Insurance Agency, calling itself one of the largest independent agencies with partnerships around the country, has acquired another Georgia company. Akin Insurance Agency, with offices in Vienna and Cordele, Georgia, specializes in agribusiness insurance and has been a family-run …
Viewpoint: Florida High Court Tapped Brakes On Dangerous Instrumentality Liability
Floridians concerned about liability when sharing their automobiles with children or friends can relax a bit after the Florida Supreme Court’s recent ruling on the state’s long-standing dangerous instrumentality doctrine. Its decision in Emerson v. Lambert, SC 2020-1311(Fla. Nov. 16, …
Georgia Lawnmower Man Wanted on Charges of Filing False Claim on ‘Stolen’ Mower
Georgia authorities were searching for an Atlanta-area landscaper who has been charged with falsely claiming that one of his commercial-grade lawnmowers had been stolen, then collecting $19,000 from his insurance company. It turns out that Bryan Gatlin, 57, owner of …
California Awards $21.7M to Boost Climate Resilience Across the State
A new Regional Resilience Grant Program aims to protect California communities from climate impacts like wildfire, drought, sea level rise and extreme heat. State leaders have unveiled a $21.7 million funding initiative in the inaugural round of California’s Regional Resilience …
Feds Sue Houston-Area Developer For Predatory Lending
HOUSTON — Federal authorities on Wednesday sued Houston-area developer Colony Ridge, accusing it of luring Latino home buyers into seller-financed mortgages and setting them up to default and face foreclosure. “Colony Ridge set out to exploit something as old as …
Air Lease Gets Insurance Settlement for 4 Jets Stranded in Russia
Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked from leaving the country after Moscow’s …
People Moves: Everest Promotes Browne to Global Head of Accident & Health; Miller Appoints Board From Conduit Re for Reinsurance Team
Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Glen Browne has been appointed to global head of Accident & Health (A&H), effective immediately. Browne will continue to report to Adam Clifford, co-lead of Everest Insurance International. …
Michigan State Approves Settlements With Families of Students Slain in Mass Shooting
EAST LANSING, Mich. (AP) – Michigan State University trustees have approved settlements with the families of three students slain during a mass shooting earlier this year on the school`s campus. Trustees voted unanimously last Friday to approve separate claims with …
Wisconsin Halts Development of Groundwater Standards for PFAS Chemicals Due to Excessive Compliance Costs
MADISON, Wis. (AP) – Excessive compliance costs have forced Wisconsin regulators to stop developing standards limiting so-called forever chemicals in groundwater, Gov. Tony Evers said Tuesday. The Department of Natural Resources has been working on groundwater standards for PFAS chemicals …
Jury Dismisses Suit Claiming LSU Officials Retaliated Against a Former Athletics Administrator
BATON ROUGE, La. (AP) – A jury on Wednesday dismissed a lawsuit accusing top Louisiana State University officials of retaliating against an athletics administrator for reporting alleged inappropriate sexual behavior by a head football coach. After six days of testimony, …
Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says
A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were …