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Michigan Insurance Agent Pleads Guilty to Embezzling Clients’ Money

A Muskegon insurance agent charged with fraud and embezzling his clients’ money has pleaded guilty, according to Michigan Attorney General Dana Nessel and the Department of Insurance and Financial Services (DIFS) Director Anita Fox. In February, Charles Booker Jr., 63, …

Chicago Archdiocese Settles Clergy Sexual Abuse Suit for $880K

Two men who said they were sexually molested decades ago by a notorious Catholic priest who was imprisoned for molesting other boys have agreed to a settlement of $880,000 from the Archdiocese of Chicago, attorneys announced June 23. The men …

How New Flood Insurance Rating Will Affect Tennesseans

The Tennessee Department of Commerce & Insurance (TDCI) is raising awareness of recent changes to the National Flood Insurance Program (NFIP) that it says will raise flood insurance premiums for some Tennessee flood insurance consumers while for others, premiums will …

Ransomware Attackers Shared Personal Information, Tulsa Officials Say

Those responsible for a ransomware attack on the city of Tulsa, Okla., in May are sharing personal information of some residents online, city officials said on June 23. More than 18,000 city files, mostly police reports and internal police department …

People Moves: Liberty Company Names Taylor VP in California; LP Adds Schroeder to Commercial Team

The Liberty Company Insurance Brokers has named Valerie Taylor a vice president, producer in the San Francisco Bay area office. Taylor has 16 years of experience in the insurance industry, with niches in cannabis, real estate, and community associations. Most …

Bezos’ 2021 Space Odyssey Is a Risk Too Far for Insurers

Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers. Amazon CEO Bezos, a lifelong …

Speeding in Wyoming Was Down, Excessive Speed Was Up

Drivers were caught speeding less in Wyoming last year but those who got nabbed were going faster than usual. Citations for speeding fell 15% in 2020 but there were 29% more citations for people driving over 100 mph, according to …

U.S. Supreme Court Backs Businesses Challenging California Labor Law

The Supreme Court on June 23 sided with California agriculture businesses that objected to a state regulation giving unions access to farm property in order to organize workers. As a result of the ruling, the businesses’ attorney said, California will …

Alldredge Named CEO of NAMIC, Succeeding Chamness

The National Association of Mutual Insurance Companies has named Neil Alldredge as the association’s next president and chief executive officer, effective July 1. Alldredge has been with NAMIC since 1999, serving most recently as senior vice president of corporate affairs, …

Texas Warns of Flooded Vehicles Hitting Resale Market

The Texas Department of Insurance has warned flood-damage vehicles may be hitting the state’s resale market following the heavy rains and flooding that swamped Louisiana and Southeast Texas in May. TDI noted that ccam artists will buy salvage cars at …

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