News

TWFG Insurance Acquires Ohio’s American Insurance Strategies

The Woodlands Financial Group subsidiary TWFG Insurance Services LLC, announced its acquisition of American Insurance Strategies, located in the Dayton, Ohio and Milwaukee, Wisconsin areas. AIS has $18 million in written premium and was established in February 2009 by Craig …

People Moves: SiriusPoint Appoints New International Leadership Team, Naming RSA’s Gibb as President; Hampden Agencies’ CEO Smith to Retire, Succeeded by Wood

SiriusPoint Appoints New International Leadership Team, Including RSA’s Gibb as President SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has appointed Rob Gibbs as president of its international business and to CEO of SiriusPoint International Insurance Corp. The CEO appointment …

Pawtucket Settles Candidates’ Free Speech Claims Over Political Sign Restriction

The city of Pawtucket is lifting restrictions on political campaign signs under a settlement with the American Civil Liberties Union of Rhode Island, officials said Tuesday. The ACLU filed suit in July on behalf of two Democratic candidates for the …

Electrical Equipment Damaged in Carolina Shooting Attack Has Been Repaired

Duke Energy said Wednesday that it has completed repairs on substation equipment damaged when it was shot up last weekend. Power was on track to be fully restored late Wednesday. In a statement to customers on its website, the energy …

People Moves: UFG Names Hirtz as Houston Branch Manager; McGriff Promotes Mitcham to Lead Arkansas Operations

UFG Insurance Names Hirtz Houston Branch Manager United Fire Group Inc. (UFG), based in Cedar Rapids, Iowa, has named Diane Hirtz the new branch manager for its Houston, Texas, office. Hirtz brings more than 25 years of diverse insurance experience …

Latest Twitter Lawsuit Says Company Targeted Women for Layoffs

Twitter Inc has been hit with another lawsuit stemming from the recent purging of half its workforce, this one accusing the social media company of disproportionately targeting female employees for layoffs. The proposed class action filed late on Wednesday in …

Unlicensed Contractor, Deputy Sheriff in Florida Charged in Insurance Fraud Cases

An unlicensed contractor and a deputy sheriff in Florida have been charged in separate incidents of contracting fraud and insurance fraud, state and local authorities said. Ty Lamonte Hillman was arrested this week after the state Department of Financial Services …

Florida Ratings Crisis: Fannie and Freddie Agree to Accept Citizens-as-Backstop Plan

It took more than four months, but Fannie Mae and Freddie Mac have now agreed to accept an innovative but temporary solution to Florida’s property insurer rating predicament. The mortgage-buying giants on Wednesday sent letters to primary mortgage lenders, notifying …

Judge Dismisses 1,000 Shingles Vaccine Claims Against Merck for Lack of Evidence

After four years of multidistrict litigation, a federal judge in Pennsylvania has dismissed 1,189 lawsuits claiming the Zostavax shingles vaccine by drugmaker Merck did not do what it was supposed to do and instead caused them to suffer from shingles …

AM Best: Commercial Lines ‘Stable’ With a Close Eye on Inflation

As a whole, the outlook for the U.S. commercial lines segment continues to be stable, according to AM Best, but the industry rating agency had some warnings in its latest report. Rate changes at renewal remained strong, catastrophe losses have …

News Archives by Month