News

Digital Trucking MGA Koffie Raises $11M, Eyes Expansion to 10 States

A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round for Koffie Insurance was led by …

Kentucky Whistleblower Awarded $2 Million After Retaliation Over Agency’s Child Cases

A jury has found in favor of a state social worker who filed a whistleblower lawsuit claiming he was mistreated by supervisors after reporting problems with dozens of child abuse cases. Jurors in Boone County Circuit Court awarded Tim Williams …

Driver of 18-wheeler Charged After Georgia Crash Kills Two

An Atlanta truck driver is charged with vehicular homicide after a northwest Georgia wreck left two adults dead and three children injured. Joseph Chislom, 47, remained jailed without bail Sunday in Catoosa County after the Friday wreck. Chislom is also …

Lindberg Released from Prison After Winning New Trial in North Carolina

A North Carolina-based insurance magnate whose convictions on corruption-related counts were overturned by a federal appeals court has been released from prison. Greg Lindberg was let out of a minimum-security prison in Montgomery, Alabama, on Friday, according to the U.S. …

MSP Recovery Scores Another Appeals Court Victory Against Auto Insurers

A Florida law firm that has made a lucrative business out of the Medicare Secondary Payer Act – and disrupted the auto insurance industry in the process – has scored another victory at the federal appeals court level. The 11th …

New York Jury Awards $15M to Family of Worker Who Died From Mesothelioma

The family of a construction worker who died from mesothelioma after exposure to asbestos-containing joint compound has been awarded $15 million by a New York jury. The $15 million verdict came against Kaiser Gypsum on behalf of the family of …

Cause of New Hampshire Resort Fire Remains Undetermined

Investigators were unable to pinpoint the cause of a fire that damaged a popular North Conway resort, New Hampshire Fire Marshal Sean Toomey said last Friday. The determination came after officials examined the scene and interviewed guests after the April …

Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers

There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more difficult to prevent, according to …

Relation Insurance Acquires Maryland’s Insurance, Inc.

Walnut Creek, California-headquartered Relation Insurance Services said it has acquired the assets of Maryland-based Insurance, Inc. Terms of the transaction were not disclosed. Insurance, Inc. provides personal and commercial lines insurance and employee benefits throughout Maryland and is headquartered in …

Are MGAs Winning the Insurance Talent War?

With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. Conning listed the talent edge as one of …

News Archives by Month