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Insurance Journal | October 27, 2023

Re/insurer SiriusPoint and MGA Banyan Risk Extend Capacity Relationship

SiriusPoint Ltd., the specialty insurer and reinsurer, and managing general agent Banyan Risk Ltd. announced an extension of their capacity partnership. The deal extends for three years the Bermuda-based companies’ existing commercial relationship. At the same time, it concludes the …

Insurance Journal | October 27, 2023

The Hartford Q3 Income Jumps 93% on Commercial Lines Results

The Hartford reported a 93% increase in third quarter net income to $645 million driven by results in its commercial lines segment. The Hartford, Connecticut-based insurer said third quarter net income in commercial lines grew more than 80% to $519 …

Insurance Journal | October 20, 2023

Communities Can’t Recycle or Trash E-Cigarettes. So What Happens to Them?

With the growing popularity of disposable e-cigarettes, communities across the U.S. are confronting a new vaping problem: how to safely get rid of millions of small, battery-powered devices that are considered hazardous waste. For years, the debate surrounding vaping largely …

Insurance Journal | October 20, 2023

Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023

The Oklahoma Insurance Department’s Captive Insurance Division reported a 25% net gain in captive insurers for 2023. As of September 30, the state has licensed 11 new captive insurers for the year. There are 55 actively licensed captive insurers, along …

Insurance Journal | October 20, 2023

TWIA Board to Hold Interim Meeting to Discuss 2024 Budget

The Texas Windstorm Insurance Association (TWIA) Board of Directors will hold an interim meeting on Tuesday, October 31 at 10:00 a.m. CT to review preliminary information about the Association’s 2024 budget. TWIA staff will preview the 2024 budget ahead of …

Insurance Journal | October 20, 2023

Independent Insurance Agents of Illinois Presents Annual Awards

The Independent Insurance Agents of Illinois ((IA of IL) presented awards to top agents and agencies during the association’s annual convention held in Peoria last week. Connor & Gallagher OneSource (CGO) of Lisle was awarded the IIA of IL Agency …

Insurance Journal | October 20, 2023

Computer Systems for Almost All Kansas Courts Offline Due to Security Incident

TOPEKA, Kan. (AP) – Computer systems for almost all of Kansas` courts have been offline for five days because of what officials call a “security incident,” preventing them from accepting electronic filings and blocking public access to many of their …

Insurance Journal | October 20, 2023

Nebraska Sheriff Charged With Filing Fraudulent Auto Insurance Claim

ORD, Neb. (AP) – A small-town Nebraska sheriff has been charged with filing a fraudulent auto insurance claim to get the repairs to his yellow 2004 Chevrolet Monte Carlo paid for. The complaint filed against Valley County Sheriff Casey Hurlburt …

Insurance Journal | October 20, 2023

Suspended Miami City Commissioner Pleads Not Guilty to Money Laundering Charges

MIAMI (AP) — A suspended Miami city commissioner who is accused of accepting $245,000 in exchange for voting to approve construction of a sports facility has pleaded not guilty to multiple felony charges, including bribery and money laundering. Alex Diaz …

Insurance Journal | October 20, 2023

Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office

Pharmaceutical firm Pfizer Inc. has agreed to pay $2 million to resolve alleged compensation discrimination affecting female employees at the federal contractor’s New York City headquarters. The U.S. Department of Labor (DOL) announced it entered into a conciliation agreement with …