INSURANCE NEWS
Connecticut Towns Installing License Plate Reading Cameras on School Buses
City and town leaders across Connecticut have been fielding growing pushback from residents over automated license plate readers, which opponents say raise a range of concerns about privacy. But as many state and local leaders have called for a pause …
Illinois Sues Repair Company for Deceptive Business Practices
Illinois Attorney General Kwame Raoul last week filed a lawsuit against ABC Plumbing, Heating, Cooling & Electric, Inc. (ABC) for its deceptive business practices that mislead consumers, most often senior citizens, to sign a contract for home repair work at …
Higginbotham Acquires Kansas’ Two West Capital Advisors
Higginbotham announced it has acquired Kansas City, Kansas-based Two West Capital Advisors. The specialty firm will bring its full team, experience and operating platform to Higginbotham’s growing retirement planning and wealth management division. Founded in 2010, Two West serves a …
Bamboo Insurance Launches Texas Homeowner Program
Bamboo Insurance announced the launch of its Texas Essential Homeowner Program, a new admitted, flexible product designed to give Texas homeowners greater flexibility in how they structure their coverage. Bamboo Insurance said the structure keeps coverage transparent while providing greater …
People Moves: INSURICA Names Johnson as VP of Sales, P&C; Brown & Riding Adds Armstrong to National Practice
INSURICA announced that Erick Johnson has joined the company as Vice President of Sales, P&C. Johnson brings more than 25 years of experience in production, sales leadership and agency management to the role. He has a track record of developing …
Two Weeks Later, Ross Fire Still Burning in North Texas
Two weeks after the Ross Fire broke out west of Fort Worth, responders are still battling one of the largest wildfires in North Texas’ recorded history. The weather isn’t helping. The Dallas-Fort Worth region’s summer weather is setting records with …
Florida Business Attorney, Family Killed in Plane Crash in Bahamas
A well-known Miami commercial litigation attorney, in practice for more than 50 years, and three family members were killed when the small plane he was piloting crashed into the sea after leaving the Bahamas. The bodies of Mario A. Lamar, …
SEC Seeks Court Order for ISS Client Data Sought in ESG Probe
The Securities and Exchange Commission asked a federal court for an order compelling Institutional Shareholder Services Inc. to turn over detailed client-level voting data requested by the agency as part of an investigation into the proxy advisory firm. The filing …
Are We Training Claims Adjusters or Claims Processors?
I started my career as a writer. Not an insurance professional. Not an adjuster. A writer. When I eventually took a chance on claims, I assumed I was changing careers completely. I was wrong. The more claims I handled, the …
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG
UnitedHealth Group Inc. has sold an interest in some of its Optum Health operations in Florida to private equity company TPG Inc. as the health conglomerate is working to recover from a collapse in profits last year. “We didn’t need …
NYC Officials Feared Liability Over Toxic Air After 9/11 Attacks
New York City Mayor Zohran Mamdani released more than 170,000 pages of records about the aftermath of the Sept. 11, 2001, attacks, including documents showing officials were weighing potential liability from toxic exposure while trying to reassure the public about …
Specialty Insurer Orion180 Seeks to Raise $340 Million in IPO
Orion180 Insurance Group Inc., a specialty homeowners and flood insurer, is seeking to raise as much as $340 million in an initial public offering. The Melbourne, Florida-based company plans to market 20 million shares for $15 to $17 each, according …