INSURANCE NEWS
‘Big Beautiful’ Tax Breaks for Insurance Agents in Bill Passed by House, Says Big I
The Independent Insurance Agents and Brokers of America celebrated a “significant victory” for independent agents with the passage of a sweeping tax bill this week by the House of Representatives. The so-called “Big Beautiful Bill” of tax reform makes much …
Underwriters of the Future Are Constant Partners With Agents, Carrier Exec Says
The future of underwriting will be built on closer relationships between carriers and insurance agents, with carriers working hand-in-hand with agencies to maximize profits from books of business. That was the word from Chad Combs, vice president of personal lines …
Get Ready for Another Busy Atlantic Hurricane Season
With warmer than normal ocean waters, forecasters are expecting yet another unusually busy hurricane season for the Atlantic. But they don’t think it will be as chaotic as 2024, the third-costliest season on record as it spawned killer storms Beryl, …
Senate Votes to Block California’s Rule to Ban Sale of New Gas-Powered Cars by 2035
The Senate voted on Thursday to block California’s first-in-the nation rule banning the sale of new gas-powered cars by 2035, moving to kill the country’s most aggressive effort to transition toward electric vehicles as President Donald Trump’s administration has doubled …
D.A. Says Former California Police Officer on Workers’ Comp Went to Festival, Skied
A former Westminster, California, police officer and her stepfather were charged in a large-scale workers’ compensation fraud case after an investigation revealed the officer collected more than $600,000 in disability payments while reportedly engaging in physically strenuous activities. Nicole Brown, …
People Moves: Swingle Collins & Associates Names Curtis as President
Swingle Collins & Associates announced the appointment of Dan Curtis as President. Curtis will continue to foster a culture of growth and exceptional insurance services as he succeeds former president Mac Wesson, who will remain with the agency in a …
People Moves: Willis Promotes Williamson as Canada Leader; HDI Global Taps RSA’s McDowell as Sales & Distribution Lead for International Programs and Captives
This edition of International People Moves details appointments at Willis in Canada and HDI Global in London. A summary of these new hires follows here. Willis Promotes Williamson as Canada Leader Willis, a WTW business, announced the appointment of Grant …
New Orleans Archdiocese to Pay $179M to Victims of Clergy Sexual Abuse
The Archdiocese of New Orleans agreed to pay nearly $180 million to victims of clergy sexual abuse under a settlement announced Wednesday, the latest in a string of settlements by the Catholic Church. The archdiocese, its parishes and several insurers …
Man Who Burned Down a Missouri Church Sentenced, Ordered to Pay $7M
A man who admitted in federal court to setting the fire that destroyed an eastern Missouri church has been sentenced to more than nine years in prison and ordered to pay the church nearly $7 million. The sentence for Christopher …
FEMA Senior Officials Exit as Trump Targets Agency
The U.S. Federal Emergency Management Agency announced the departure of 16 senior executives on Wednesday, a significant shakeup of its leadership ranks less than two weeks before the start of what is expected to be a busy hurricane season. Those …
People Moves: Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary; Brotherhood Mutual Announces VP Promotion, Addition and Transition
Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary Frankenmuth Insurance, headquartered in Frankenmuth, Michigan, appointed Kelly Ott as chief legal officer and corporate secretary. Ott is the company’s top legal advisor, overseeing corporate legal matters, governance, and regulatory …
Corporate Nuclear Verdicts Surged to New Record High in 2024, Report Says
Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon Strategies. The number of nuclear verdicts—those that surpass $10 million—rose to …