INSURANCE NEWS
Lawsuits Accuse Former California Megachurch Pastor of Child Sex Abuse
A former Riverside megachurch pastor has been accused of sexually abusing and trafficking children for years at a shelter he ran in Bucharest, according to lawsuits filed by two Romanian men in U.S. District Court in California. The complaints, filed …
California’s Insurance Commissioner Is Seeking Changes to The Intervenor Process
California Insurance Commissioner Ricardo Lara on Friday announced he wants to make certain reforms to the state’s insurance law, Proposition 103, including changing the controversial intervenor process. Prop. 103, passed by voters in 1988, is the state’s bedrock insurance law …
People Moves: IMA Financial Group Names Leadership Appointments in Houston Office
IMA Financial Group, a North American insurance brokerage firm specializing in risk management, wholesale brokerage, and wealth management, has announced two key leadership appointments in its Houston office to support the company’s commitment to the region and its growing client …
Grange Policy Not Ambiguous in Death of Family Killed in 2019 Kentucky Crash
A trial court said the insurance policy was ambiguous, allowing a commercial umbrella policy to supplement coverage in the deaths of five people killed by a drunken driver in 2019. But the Kentucky Supreme Court this week found that the …
Texas Insurance Agent Pleaded Guilty After Stealing Premiums
A Texas Department of Insurance (TDI) investigation led to prison time for a former insurance agent who overcharged almost $300,000 in insurance premiums. Carlyle Poindexter pleaded guilty to conspiracy to commit wire fraud in August and was sentenced to five …
NHTSA Delays New Car Rating Updates for One Year at Industry Request
he National Highway Traffic Safety Administration said Friday that it will delay implementation of updates to the U.S. government’s New Car Assessment Program finalized in December after a request by automakers. The agency last year said it was adding blind …
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers’ compensation specialist The MEMIC Group, led by parent company Maine Employers’ Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk Administration Services, Inc. and its four affiliated insurance services companies. The combining of …
WalkerHughes Insurance Adds Indiana’s Brady Benefits to Midwest Platform
WalkerHughes Insurance announce the addition of Brady Benefits, a Fort Wayne-based Employee Benefits brokerage, to its growing Midwest platform. Brady Benefits, led by respected industry veteran Matt Brady, specializes in group health and ancillary benefits. The firm brings a strong …
SEC Chair Says Markets Can Decide ‘Cadence’ of Company Reports
Investors and banks are likely to help set any new timeline for public company reporting as regulators press ahead on President Donald Trump’s bid to end quarterly reports, U.S. Securities and Exchange Commission Chairman Paul Atkins told CNBC on Friday. …
12th Home in 5 Years Collapses into Surf on North Carolina Outer Banks
A beachfront stilt home along the Outer Banks in North Carolina has collapsed into the surf, bringing the total number of houses claimed by the Atlantic Ocean to 12 in the past five years. The two-story, wood-shingled home in Buxton, …
Morgan & Morgan Wants Court to Allow Early Mickey Mouse in Auto Injury Ads
Is Steamboat Willie “For the people?” That’s a question that one of the largest personal injury law firms in the United States is asking a federal court in central Florida to decide. The law firm Morgan & Morgan, known for …
Businesses Underinvesting in Climate Adaptation Despite Intensifying Hazards: Marsh
Most businesses are failing to invest in needed climate adaptation as other business priorities and resources take precedence over climate initiatives, according to a survey published by Marsh, the insurance broker and business of Marsh McLennan. While 75% of organizations …