INSURANCE NEWS
Best Agency to Work For – Southeast Bronze Winner: Energy Insurance
The Driving Force Behind Success Is a Motivated and Engaged Team At Energy Insurance Agency in Lexington, Kentucky, creating a great place to work is at the core of the agency’s success. The company’s family-friendly policies, personal attention to employees, …
HCI’s Homeowners Choice Takes On 53.7K Florida Citizens Policies; TypTap Goes Next
Homeowners Choice Property & Casualty Insurance Co. recently assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company. The policies assumed amount to approximately $196 million of in-force premium. The insurer said the assumption, which was effective …
Best Agency to Work For – East Bronze Winner: Deland, Gibson Insurance Associates
Long-Term Thinking Builds Winning Culture When Chip and Ted Gibson got the keys to Deland, Gibson Insurance Associates in 2020, the brothers took over what Chip described as “a great shop.” Three generations of their family members had guided the …
People Moves: Idoux Named Lockton Dunning President; Sanford Joins Alliant in Houston
Lockton Dunning Promotes Idoux to President Lockton Dunning, headquartered in Kansas City, Mo., named Steve Idoux president. Current president Bruce Sammis is retiring from the top leadership post at the end of 2023 after nearly 20 years of service. Idoux …
Missouri’s Cameron Mutual Placed Into Liquidation
Cameron Mutual Insurance Company has been placed into court-supervised liquidation effective December 1, 2023, the Missouri Department of Commerce and Insurance (DCI) announced. Chlora Lindley-Myers, Director of the Missouri Department of Commerce and Insurance has been named liquidator of Cameron …
Best Agency to Work For – Silver Midwest: Powers Insurance & Risk Management
As a multi-year winner of Insurance Journal’s Best Agency to Work For award, J.D. Powers of Powers Insurance & Risk Management doesn’t lose sight of what the honor represents to the St. Louis, Missouri-based company. “The fact that it’s not …
X Corp. Loses Fight to End FTC Privacy Oversight
X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social media platform’s data privacy policies and block the agency from questioning company owner Elon Musk. US Magistrate Judge Thomas Hixson …
Best Agency to Work For – Silver South Central: CoVerica Insurance
At CoVerica Insurance, employees live by four precepts: Die to self (i.e., set aside your pride, biases, prejudices and personal history); Actions sought to support the best interests of all involved; Do the right things for the right reasons; and …
Texas AG Sues Pfizer Over Quality-Control Lapses in Kids’ ADHD drug
Texas Attorney General Ken Paxton accused Pfizer PFE.N and its supplier Tris Pharma of providing children’s ADHD medicine that it knew might be ineffective to the state’s Medicaid insurance program for low-income people, in a lawsuit unsealed on Monday. The …
New Law Lets New York Auto Insurers Waive Photo Mandate Starting Next May
New York finally has a law on the books that allows insurance companies to waive pre-insurance photo inspections. Bills to permit inspection waivers have been introduced since 2009. Gov. Kathy Hochul recently signed one with the lofty title of “Auto …
Storms Delay Search for Crew Missing After Turkish Cargo Ship Sinks in Black Sea
Severe storms have delayed a search-and-rescue operation for 12 crew members of a cargo ship that sank off Turkey’s Black Sea coast, Interior Minister Ali Yerlikaya said Monday. The Turkish-flagged Kafkametler sank on Sunday after hitting a breakwater outside the …
National Weather Service Surveying Tornado Damage In Arizona Town
A tornado that hit the town of Star Valley in Ariona prompted the National Weather Service`s Flagstaff branch to survey damage to the area, the organization said. Officials from the town located about 95 miles northeast of Phoenix said at …