INSURANCE NEWS
$36M Clearinghouse System Has Problems, Some Fla. Agents Say. Citizens Disagrees
It was supposed to simplify and speed the process for insurance agents trying to find private coverage for Citizens policyholders, a vital link in depopulating Florida’s oversized insurer of last resort. But a year after the $36 million Citizens clearinghouse …
Michigan Man to Stand Trial for Insurance Fraud
A Michigan financial advisor will stand trial for insurance fraud after waiving preliminary examination, Attorney General Dana Nessel announced this week. Todd Bernstein, 67, of Birmingham, is alleged to have submitted misleading information on annuity suitability applications on behalf of …
Black Hills, South Dakota Region Faces Severe Water Shortages
Water levels in this major source of drinking water for Rapid City were so low this spring that city leaders implemented water-use restrictions weeks earlier than normal and the state delayed installation of public boat docks. Lingering drought conditions and …
Almong Texas’ Guadalupe River, Several Summer Camps Are in Flood Zones
The all-girls Christian summer camp where 27 people, most of them children, were swept away and killed by the July 4 flooding in Kerr County was just one of 13 summer camps along the Guadalupe River built on land prone …
RPS: Cyber Market Flush With Capacity as Buyers Get More Limit, Low Premium
Cyber insurance remains an area of growth opportunity for property and casualty insurers, particularly in the face of large-scale risk factors. According to a new report, “CYBER: Insights on the current and future state of the US cyber insurance market” …
Shadow Tanker Fleet Grows More Slowly as Western Sanctions Target Russian Oil
Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous years as the harshest Western sanctions yet target Russia’s oil exports and add to the difficulty of finding suitable vessels, shipping sources said. The European …
World Insurance Acquires Texas’ Abacus
World Insurance Associates LLC announced that it acquired the business of Abacus Insurance and Financial Services of Irving, Texas on April 1, 2025. Terms of the transaction were not disclosed. Abacus provides primarily commercial lines insurance to their clients, with …
People Moves: Alliant on the Money with Assistant VP; InterCoastal PAs Add Blinn
Specialty broker Alliant Insurance Services has named Steven Money assistant vice president in its employee benefits group, based in Atlanta. Money has more than 20 years’ experience in the industry, with brokers and carriers, the California-based Alliant said in a …
People Moves: Aon Promotes Shukri as UK Reinsurance Client Services Leader; Blenheim Underwriting Taps Stratton-Thomsett From MS Amlin as Casualty Underwriter
This edition of International People Moves details appointments at the broker Aon and the Lloyd’s managing agent Blenheim Underwriting. A summary of these new hires follows here. Aon Promotes Shukri as UK Reinsurance Client Services Leader Insurance broker Aon plc …
Greystar Reaches Deal in Justice Department’s Rental Market Collusion Case
Greystar Real Estate Partners LLC reached a tentative settlement with the Department of Justice in an antitrust lawsuit accusing the landlord of colluding to increase rents across the US, in part, through widely used industry software. As part of the …
Ford Puts a Charge in EV Production with $2B Overhaul of Kentucky Plant
Ford Motor Co. will invest nearly $2 billion retooling a Kentucky factory to produce electric vehicles that it says will be more affordable, more profitable to build and will outcompete rival models. The automaker’s top executive unveiled the new EV …
Nevada Court Clears Way for Former Raiders Coach Gruden to Sue NFL Over Emails
A Nevada court apparently cleared the way for a 2021 lawsuit filed by former Las Vegas Raiders coach Jon Gruden to proceed against the NFL and Commissioner Roger Goodell, alleging that a “malicious and orchestrated campaign” was used to destroy …