INSURANCE NEWS
Florida’s Universal P&C Reports Strong Profits, Policy Growth for Q3
Universal Insurance Holdings, parent company of Florida’s third-largest property insurer, reported an improved bottom line for the third quarter this year, even with a steady increase in policies in recent months. After shedding more than 160,000 policies in the turbulent …
Plan to Sell Golf Course Built on Slave Graves Sparks Outrage in Florida’s Capital City
A dark history long buried under the towering live oak trees and manicured lawns of a country club in Florida’s capital city of Tallahassee is reviving painful memories of the community’s segregated past and fueling some residents’ calls for a …
Employee Accused of Stealing 47 Vehicles From Car Rental Site at Airport
An employee allegedly stole 47 vehicles from an Avis Budget site at an upstate New York airport and rented them out around the region, police said Friday. The car rental company reported to authorities that the vehicles, worth more than …
California Commissioner Asks Insurers for Policyholder Relief During Shutdown
California Insurance Commissioner Ricardo Lara issued a formal notice asking insurance companies to implement protective measures, including a moratorium on cancellations, for policyholders who may be impacted by the federal government shutdown. According to the California Department of Insurance, the …
Intruders Release Mink From Iowa Farm in What Trade Group Calls ‘Terrorist Act’
One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law. Sometime between last Monday night and Tuesday morning, fencing was cut …
South Dakota Company Recalls Pork Jerky That May Contain Metal Wire
A South Dakota company is recalling more than 2.2 million pounds (998,000 kilograms) of Korean barbecue pork jerky sold at Costco and Sam’s Club stores because the product may be contaminated with pieces of metal, federal health officials said Friday. …
Jury Awards $40M to Family of Louisiana Man Who Died in Privately-Run Jail
A federal jury found a private company running a Louisiana jail liable for the 2015 death of a man who died of head injuries he received while in custody, and awarded the family more than $40 million in damages. Attorneys …
Bishop Street Underwriters Launches MGA Incubator
Bishop Street Underwriters announced the rollout of Bishop Street Program Managers (BSPM), an incubator for developing managing general agents (MGA). Embedded within Bishop Street’s ecosystem and backed by its $600 million gross written premium platform, BSPM promises to provide the …
Delaware Workers’ Compensation Rates Dropping Again
Delaware’s workers’ compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1. The voluntary private market average loss costs are expected to drop by 11.6%, while the residual market for high risk …
Business Moves: MNK International Acquires Broker in Turkey; Specialist Risk Group Buys Healthcare Consultancy, Specializing in UK Professional Sports
MNK International Acquires New Broker in Turkey MNK International, a London-based independent Lloyd’s broker, has acquired a new broker in Türkiye for an undisclosed amount. The business will focus on insurance and reinsurance solutions across a range of complex and …
People Moves: The Baldwin Group Names Campo Construction Practice Partner
The Baldwin Group, headquartered in Tampa, Florida, added Mike Campo as a partner in its construction practice, effective October 27. Campo is a Kansas City–based industry veteran who previously led construction practices at IMA and Lockton, advising contractors, developers, and …
Best Agency to Work For – West Region: Kulchin Ross
Being Pleasant Is Key to Success at Small but Growing Southern California Firm Being pleasant may not sound like it’s part of a recipe for success at a firm operating in a space where people survive and thrive by making …