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Archive: June 2023

Three Florida Men Charged with Insider Trading on Trump Media IPO
Insurance Journal | June 30, 2023
Three Florida Men Charged with Insider Trading on Trump Media IPO
Three Florida men were arrested Thursday and charged with illegally making more than $22 million by insider trading ahead of the public announcement that an acquisition firm was going to take a media company owned by former President Donald Trump …
Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches
Insurance Journal | June 30, 2023
Frustration After Former NFL QB, Nine Others Drown at Florida, Alabama Beaches
A firefighter from Georgia and two fathers who drowned while trying to save their children are among at least 10 recent victims of dangerous rip currents along Gulf of Mexico beaches stretching across Florida’s Panhandle to Mobile, Alabama. Many of …
Senate Confirms Humphreys as Pennsylvania Insurance Chief
Insurance Journal | June 30, 2023
Senate Confirms Humphreys as Pennsylvania Insurance Chief
The Pennsylvania Senate this week unanimously confirmed Michael Humphreys to serve as the state’s insurance commissioner. Governor Josh Shapiro nominated Humphreys, who previously served as acting commissioner, to the top position at the Pennsylvania Insurance Department in January. Humphreys succeeded …
Safety Concerns Dominate Norfolk Southern CEO’s Job Since Derailment
Insurance Journal | June 30, 2023
Safety Concerns Dominate Norfolk Southern CEO’s Job Since Derailment
Norfolk Southern’s CEO has spoken often of safety and better service since he took the job over a year ago, but it’s safety that has dominated discussions after one of his trains derailed and caught fire in February in Ohio, …
Kentucky Official Pleads Guilty to Crop Insurance Fraud
Insurance Journal | June 30, 2023
Kentucky Official Pleads Guilty to Crop Insurance Fraud
A central Kentucky farmer who is also a county official has changed his plea, admitting to charges of crop insurance fraud. Randall Taulbee, a Bourbon County magistrate, pleaded guilty to two counts of conspiracy to defraud the federal government’s crop …
IIAT Names 2023-24 Board Members
Insurance Journal | June 30, 2023
IIAT Names 2023-24 Board Members
The Independent Insurance Agents of Texas elected board members for the 2023-24 year at its annual business meeting in San Antonio on June 23, 2023. IIAT is the largest state association of independent insurance agents and professionals in the U.S. …
Texas Insurance Agent and Former Elgin Mayor Pleads Guilty to Felony Theft Charge
Insurance Journal | June 30, 2023
Texas Insurance Agent and Former Elgin Mayor Pleads Guilty to Felony Theft Charge
A Texas insurance who previously served as mayor of Elgin pleaded guilty June 20 to theft of property, a third-degree felony. Christopher Cannon, 38, acquired payments from the company Baker’s Backhoe Services between January 2015 through August 2019 but failed …
Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance
Insurance Journal | June 30, 2023
Definity’s McDougall Insurance Brokers to Acquire Canada’s Drayden Insurance
McDougall Insurance Brokers Ltd., the Belleville, Ontario-based subsidiary of Definity Financial Corp., announced it has entered into a definitive agreement to acquire 100% of Drayden Insurance Ltd. for C$208 million (US156.9 million), subject to closing and post-closing adjustments. The transaction …
People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice
Insurance Journal | June 30, 2023
People Moves: Aon Promotes 4 in Global Reinsurance Clients Team; NFP Hires Perkins to Lead N. America Trade Credit & Political Risk Practice
This edition of International People Moves details appointments at brokers Aon and NFP. A summary of these new hires follows here. Aon Promotes 4 in Global Reinsurance Clients Team Insurance broker Aon plc announced a series of promotions in its …
Supreme Court Rules in Favor of Anti-Gay Marriage Web Designer
Insurance Journal | June 30, 2023
Supreme Court Rules in Favor of Anti-Gay Marriage Web Designer
The U.S. Supreme Court on Friday ruled that the constitutional right to free speech allows certain businesses to refuse to provide services for same-sex weddings, ruling in favor of a web designer who cited her Christian beliefs in challenging a …