INSURANCE NEWS
Internet Companies Report Biggest-Ever Denial of Service Operation
Internet companies Google, Amazon and Cloudflare say they have weathered the internet’s largest-known denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption. Alphabet Inc-owned Google said in a blog …
AIG Makes Leadership Promotions for ‘Next Phase of Profitable Growth’
American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team. David McElroy, currently chief executive officer of General Insurance, will assume a newly created role of chairman, General Insurance. AIG said McElroy will focus …
Mother of Teen Found Dead in Illinois Hotel Freezer Reaches Settlement in Lawsuit
CHICAGO (AP) – The mother of a 19-year-old Chicago woman who was found dead in 2017 in a freezer at a suburban hotel where she had attended a party has reached a settlement in her lawsuit against the hotel and …
How Alleged Florida Theft Ring Led to Pastor’s ‘Anointed Liquidator’ eBay Account
A St. Petersburg pastor and head of a drug recovery program, along with his wife, mother and others, is awaiting trial after authorities say he ran a theft ring that stole tools from Home Depot and sold them on eBay …
Q3 Commercial, Personal Rates Moderate: MarketScout
Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of commercial insurance business moderated except for business …
23andMe Faces Class Action Lawsuit Following Data Breach
In a move that has come to be expected following most cyberattacks, two victims of the recent 23andMe data breach have filed a class action lawsuit. The suit, filed in U.S. District Court for the Northern District of California alleges …
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 …