INSURANCE NEWS
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 …
Brown & Brown Dealer Services Buys Connecticut Auto Dealer F&I Firm
Brown & Brown Dealer Services has acquired Finance Builders, a Canton, Connecticut firm providing finance and insurance (F&I) products and sales support to auto dealers in Connecticut and Massachusetts. The Finance Builders operations, owned by Donald Ellis, will become part …
Washington University Cop Accused of Sexual Misconduct
A Washington State University police sergeant accused of sexual misconduct while on duty in Pullman has resigned. Police Sgt. Matt Kuhrt submitted his resignation effective this week, KXLY-TV reported. A university investigation found Kuhrt engaged in predatory grooming behavior, made …