INSURANCE NEWS
People Moves: Wall Named President at DOXA
DOXA, headquartered in Fort Wayne, Indiana, appointed Kevin Wall as president. An early addition to the leadership team at DOXA, Wall oversaw the company’s financial strategy as chief financial officer for eight years. Wall has over 15 years of experience …
Louisiana Department of Insurance Issues Guidance on NFIP Expiration
The National Flood Insurance Program expired Wednesday after Congress did not pass a federal budget ahead of an Oct. 1 deadline. The lapse means no new federal flood policies will be sold, and expiring policies will not be renewed. The …
Family of Man Who Died in Ohio Jail Reaches $7M Settlement
The family of a man who died after being restrained in an Ohio county jail said Tuesday that they have reached a $7 million settlement agreement with the county and are pushing officials there to prevent something like the death …
Coca-Cola Bottling Distributor Sued for Disability Discrimination Against Louisiana Worker
Coca-Cola Bottling Company United, Inc. (CCBCU), the third-largest bottler and distributor of Coca-Cola products in the United States, violated federal law by failing to accommodate an employee with a disability and then firing him because of his disability, the U.S. …
Trump’s $7.6 Billion Energy Cuts Hit California Grid Upgrade
The Trump administration’s plan to cancel billions of dollars for energy projects following the U.S. government shutdown includes an initiative to upgrade electric transmission lines in California. A consortium that included the California Energy Commission and Southern California Edison was …
Tampa-Based Professional Insurance Services Merges With Lawley
Lawley, a family owned insurance brokerage and benefits firm, has expanded into Florida through a merger with Tampa-based Professional Insurance Services. It’s the first Florida location for the Buffalo, New York-based Lawley, but its 18th in the United States. Lawley …
SCDOI Approves Rate Drop on Credit Property Insurance
South Carolina’s insurance director has given final approval to a rate cut on credit property insurance, the coverage that lenders take out on personal property used as collateral. The 2026 rate for household goods – single interest coverage – will …
Flood Insurer Neptune Shares Climb 24% After $368 Million US IPO
Neptune Insurance Holdings Inc. shares jumped 24% after the flood insurance company’s shareholders raised $368.4 million in a US initial public offering. Shares of the St. Petersburg, Florida-based firm closed at $24.80 each on Wednesday, versus an IPO price of …
EPA Wants to Roll Back Super Pollutant Rules
The Environmental Protection Agency has proposed loosening a rule phasing down the use of hydrofluorocarbons, or HFCs, highly potent greenhouse gases used in refrigerators and air conditioners. The Tuesday proposal comes in response to concerns “about the lack of availability …
Tyson Foods to Pay $85 Million in Largest Pork Price-Fixing Settlement
Tyson Foods agreed to pay $85 million to settle a lawsuit by consumers who accused the largest U.S. meat company of conspiring with rivals to inflate pork prices by limiting supply in the $20 billion U.S. market. The preliminary class …
People Moves: Air Force, OSHA Veteran Stager Joins MEMIC Loss Control Team
The MEMIC Group, headquartered in Portland, Maine, hired Eric Stager to serve as a safety management consultant on its loss control team. He will work with policyholders throughout the Northeast. Stager served as chief master sergeant and senior enlisted leader …
Allstate Promotes Rizzo to COO, Merten to President of Property-Liability
Allstate Corp. did some shuffling of it’s senior leadership team Oct. 1. Effective immediate, Mario Rizzo is chief operating officer. He will be responsible for the Northbrook, Illinois-based insurer’s Property-Liability and Protection Services businesses. Rizzo, who has been with Allstate …