Monthly Archives: <span>May 2024</span>

Are You a Top Account Manager/CSR? Submit a Nomination Today

Customer service representatives and account managers are the heart of agencies. That’s why Insurance Journal wants to recognize these valuable players for the critical work they do! We’re looking for the 2024 MVPs: Account Managers/CSRs. The ones who retain valuable …

Plans to Spend Billions on a Flood-Prone East Texas Highway May Not Solve the Problem

LUFKIN, Texas (AP) — U.S. Highway 59, a major evacuation route from Houston, has been a problem for East Texas for decades. And as flooding rivaling that of Hurricane Harvey inundated the region in April, the highway closed in several …

Texas Manufacturer to Pay $35K for Denying Job to Applicant with Opioid Use Disorder

The Modern Group, Ltd. (TMG), headquartered in Beaumont, Texas, and one of its subsidiaries, Dragon Rig Sales and Service, LLC, a manufacturing and service company which builds oilfield service equipment for energy and industrial companies, will pay $35,000 and furnish …

Vermont Updates Its Captive Insurance Law Again

Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric contracts. The new law (H. 659) adds explicit …

NOAA Chimes in With Prediction of Above-Average Atlantic Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA) today predicted an 85% chance of an above-average Atlantic hurricane season, with up to 25 named storms. “The upcoming Atlantic hurricane season is expected to have above-normal activity due to a confluence of …

Texas Braces for More Heat, Storms and Floods: Weather Watch

Parts of the central US stretching from North Dakota to northern Texas, including Dallas, face an enhanced risk from severe thunderstorms, strong wind, hail and possibly tornadoes on Thursday, the US Storm Prediction Center said. Flood watches have also been …

Arthur J. Gallagher & Co. Acquires Minnesota’s CCI Surety

Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not disclosed. Founded by Michael Williams …

US Sues to Break Up Live Nation-Ticketmaster

The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It …

Posh Florida Care Facility to Borrow $260 Million for Expansion

The largest single-site, not-for-profit retirement community in the US is selling municipal bonds to finance an expansion, less than two years after Hurricane Ian caused as much as $85 million of damages. Fort Myers, Florida-based Shell Point Retirement Community plans …

Biden Overtime Pay Rule Challenged by US Business Groups

A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying it goes too far. The groups filed a complaint in U.S. District …