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Insurance Journal | July 7, 2023

Texas Man Charged With Arson in 2018 Fire That Killed 5, Displaced 200 Others

SAN MARCOS, Texas (AP) – Officials in San Marcos, Texas, have named the man charged with intentionally starting a fire five years ago which killed five people and displaced 200 others. Jacobe De Leon O Shea Ferguson, of Austin, was …

Insurance Journal | July 7, 2023

Fire Caused by Fireworks Kills 1, Injures 4 in East Texas

GILMER, Texas (AP) __ A man was killed and four other people were hurt after officials say a fireworks accident caused a large fire during preparations for an Independence Day event in East Texas. It was one of at least …

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 …

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 …

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 …

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, …

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 …

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. …

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 …

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 …