INSURANCE NEWS
Georgia Residents Return Home After Chemical Plant Fire Forced Evacuations
Residents were allowed to return home this week after they were evacuated when a large fire broke out Monday inside a chemical plant on the coast of Georgia. Authorities had feared nearby neighborhoods could have been hit with toxic smoke …
BRP Group Posts 91% Revenue Growth, but Still Saw Loss in Q3
BRP Group, the parent company of the national brokerage known as Baldwin Risk Partners, announced a near-doubling of revenue for the third quarter of 2022 over this time last year, but it still saw a net loss of $47 million …
Grupo Bimbo to Build Second, Bigger Bakery in Georgia
A Mexican bakery will be turning out more bread in south Georgia, announcing a larger bakery to go with a smaller one that it’s already building. Mexico City-based Grupo Bimbo said Friday that it will spend $200 million on a …
Sandy Hook Families Urge Substantial Punitive Damages for Jones
A lawyer for Sandy Hook families said Monday that significant punitive damages need to be imposed on Alex Jones to deter him and other conspiracy theorists from continuing to tell their followers the 2012 Newtown shooting was a hoax, in …
People Moves: Woodruff Sawyer Adds Schmidt in Washington; Pie Adds Three
Woodruff Sawyer Names Schmidt Producer for Pacific Northwest Region Woodruff Sawyer announced Tim Schmidt as the new vice president, producer, for the Seattle, Washington, office. Before joining Woodruff Sawyer, Schmidt served seven years at Parker, Smith and Feek, where he …
Hurricane Ida Paid Claims in Louisiana Grows to $13.9B
Insurers have paid or reserved to pay $13.9 billion on all types of Hurricane Ida-related claims in Louisiana through September 30, Insurance Commissioner Jim Donelon announced today. This data is the final measure of damage from Hurricane Ida, which struck …
Federal Jury Indicts 3 Illinois Men With Odometer, Title
A federal grand jury in Chicago, Illinois, returned an indictment, which was unsealed yesterday, charging three Illinois men with operating an odometer and title fraud scheme that involved hundreds of used cars over the course of many years. According to …
EPA Seeking Penalties for Clean Water Act Violations in Missouri, Nebraska
The U.S. Environmental Protection Agency (EPA) has ordered Michael Zahner of Bollinger County, Missouri, and Mark Schmidt of Lancaster County, Nebraska, to take immediate steps to comply with the federal Clean Water Act. The Agency is also seeking civil penalties …
Texas Public Adjuster Accused of Pocketing Settlement Checks Says No Penalty Warranted
An attorney for the Texas public adjuster accused of pocketing $7.6 million in insurer settlement checks told an administrative law judge that the case doesn’t warrant any administrative penalties and if any restitution is ordered, it should be limited to …
Simulator Helps Iowa Town Prepare Snow Plow Drivers for Winter
DUBUQUE, Iowa (AP) – As City of Dubuque driver Jordan Lamey took the wheel of a virtual truck and shifted into gear Tuesday, the plow at the front lowered and started pushing snow from the road. Up ahead, a building …
The Tiny Insurance Company Standing Between Taxpayers and a Costly Coal Industry Bailout
In a quiet commercial strip in an upscale suburb of Nashville, there’s a single-story brick building housing a company that may determine whether another billion-dollar taxpayer bailout of the coal industry is needed. It is the main office of Indemnity …
Hourly.io, Great American Insurance Announce MGA Collaboration
Hourly.io, a workers’ comp and payroll startup, announced today that it is expanding its reach through a collaboration with Great American Insurance Group. In this expanded collaboration, Hourly will serve as a managing general agent (MGA), leveraging its underwriting expertise …