INSURANCE NEWS
Miller Acquires Tokyo-Based Broker Lead Insurance Services
Miller, the independent specialist re/insurance broker, announced the acquisition of Lead Insurance Services Ltd. Lead is based in Tokyo, Japan, and the acquisition cements a longstanding relationship between the two businesses. Founded in 1994, Lead specializes in hull, war risks …
Georgia Insurance Office to Hold Hearing on Agency, Fire Safety Rule Changes
The Georgia Commissioner of Insurance will hold a hearing in August on a slew of proposed rule changes, affecting everything from fire safety at self-serve gas pumps and group homes to insurance agency license renewals. The hearing will be Aug. …
Takeaways from Our Conversation on Insuring Cannabis Seeds
If you’re looking for a niche within a niche, insuring cannabis seeds be the answer. The U.S. Drug Enforcement Administration declared in a memo issued in April that cannabis seeds that don’t exceed the .3% THC limit do not fall …
Bayer, BASF Win New Trial on $60 Million Damage Award in Weedkiller Lawsuit
Bayer and BASF have won a new trial on $60 million in punitive damages they were ordered to pay a Missouri peach farmer who said dicamba, a herbicide they produced, drifted onto his orchard and harmed his crops. The 8th …
Woman Sentenced to 8 Years in California Medical Fraud Insurance Billing Scheme
A former Southern California woman who, along with her doctor husband, billed insurers $44 million for unnecessary cosmetic surgeries was sentenced to eight years in federal prison. Linda Morrow, 70, also was ordered to pay $14 million in restitution. She …
People Moves: IMA Select in Colorado Names Harvath President; IOA Adds Armstrong
IMA Select in Colorado named Sandy Harvath president. Harvath has been with IMA Financial Group since 2003, most recently serving as the president of its Colorado market. She began her career at IMA as construction account manager and progressed to …
Favorable Weather Aids in Fight Against California Wildfire
Favorable weather early Wednesday aided the fight against a wildfire in California’s Gold Country that has forced evacuations in two counties. The Electra Fire had burned 6.4 square miles of rural terrain but it was now 40% contained without any …
Attorneys For Women Suing Deshaun Watson Seek NFL Investigation Documents
Attorneys for multiple women suing Deshaun Watson over allegations of sexual misconduct are seeking the documents from the NFL’s investigation into the former Houston Texans quarterback. According to the motion filed Friday by the women’s attorneys, Tony Buzbee and Cornelia …
Texas Cushion Manufacturer Faces $227,000 Fine For Inadequate Safety Guards
A federal workplace safety investigation into how an employee suffered serious injuries in January 2022 at a Temple, Texas manufacturing facility operated by Carpenter Co. – one of the nation’s largest cushion manufacturers – found the company had not installed …
China Is Trying to ‘Ransack’ Western Companies, FBI Head Warns
FBI Director Christopher Wray warned Western companies that China aims to “ransack” their intellectual property so it can eventually dominate key industries, escalating a dispute between the world’s two largest economies over hacking. The Asian nation’s spies were snooping on …
People Moves: Valley Insurance Agency Alliance Adds Berry, Johnson; Holmes Murphy Makes Promotions, New Hires in Omaha Market
Vally Insurance Agency Alliance Adds Berry, Johnson Valley Insurance Agency Alliance (VIAA), a cohesive family of nearly 150 independent insurance agencies in Missouri and Illinois, recently hired two new team members. Jessica Berry was hired as a data analyst for …
One80 Acquires Ohio-Based SelmanCo
Boston-based specialty insurance broker One80 Intermediaries announced that it acquired Cleveland, Ohio-based SelmanCo, a third-party administrator and broker offering life, supplemental health and related products and services to associations, credit unions, banks, employers and insurance companies. Dowling Hales acted as …