INSURANCE NEWS

LDI Introduces One-Time Process for Military Auto Insurance Discount

The Louisiana Department of Insurance has revised the application process for military members to receive a 25% discount on the liability portion of their auto insurance premium. Under a bulletin issued this week by Commissioner Tim Temple, eligible service members …
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Illinois Agrees to $20M Settlement With Distributor of Popular Vape Brands

Illinois Attorney General Kwame Raoul announced a settlement with the entities responsible for distributing Posh, one of Illinois’ bestselling disposable vape brands. The settlement resolves allegations the entities violated the Illinois Youth Prevention Vaping Act by selling unauthorized flavored e-cigarettes …
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Kansas Insurance Commissioner Schmidt Loses GOP Primary for Governor

Kansas Insurance Commissioner Vicki Schmidt’s bid to become the state’s next governor came up short Tuesday. Schmidt finished third in the Republican Primary, losing to state senator Ty Masterson. Schmidt received 13.7% of the vote. Schmidt was elected insurance commissioner …
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Inszone Acquires Oklahoma’s Chelf Insurance Group

Inszone Insurance Services has acquired Chelf Insurance Group, expanding Inszone’s footprint in Oklahoma. Co-owners Justin Crane and Nate Crow officially founded Chelf Insurance Group in 2024. The agency established a significant local presence by acquiring a 50-year-old insurance book in …
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Ex-VW Engineers Plead Not Guilty to US Insider Trading Charges

Two former Volkswagen AG engineers denied charges they made a combined $300,000 trading on secret information about the German carmaker’s planned $5 billion joint venture with electric-vehicle maker Rivian Automotive Inc. The engineers, Michael Stamp and Marcus Plank, both in …
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People Moves: Antares Names Leadership Team After Death of CEO van der Straaten

Following the passing of CEO Michael van der Straaten in July, Antares Global, the specialist re/insurance group, has announced its new leadership structure. Oversight of the Antares Global’s business will remain with Ahmed El Tabbakh, QIC’s group chief business officer …
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Data Centers Exposed Carriers to China Hack, House Panel Says

US telecommunications companies connected their systems to data centers and related infrastructure in a way that exposed them to cybersecurity vulnerabilities, potentially opening the door to the massive Salt Typhoon hacking campaign that breached several mobile carriers two years ago, …
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Proposed Hormuz Deal Would Give Iran Control of Inbound Traffic, Sources Say

A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, in one of the biggest concessions yet …
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Judge Orders Rewrite to Florida Property-Tax Amendment Ballot Wording

A proposed Florida constitutional amendment that would limit some home property taxes will likely remain on the November ballot, but state officials have just 10 days to tone down the proselytizing language, a judge ordered. Leon County Circuit Judge David …
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Wildfires Mean Portland Edges Out Kinshasa for World’s Worst Air

Wildfires burning across Washington and Oregon have left Portland with the worst air quality among major cities around the world, edging out Kinshasa in the Democratic Republic of Congo. The air in both cities is classified as unhealthy, although the …
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The Hartford To Acquire Equitable’s Employee Benefits Biz

In a deal designed to boost The Hartford’s growth in the small and midsized employer segment, the Connecticut-based insurer announced a deal to acquire Equitable’s Employee Benefits business, focusing on flexible non-medical benefits. According to a media statement, as part …
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Law Restricts Her From Reducing ‘Excessive’ $91M Injured Worker Award, Judge Finds

A Massachusetts judge has declined to reduce the $91 million damages award she approved last September for a construction worker’s personal injury claim, an award she herself characterized as “grossly excessive” but found is required by statute and precedent. Suffolk …
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