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Category: Insurance Journal

U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit
Insurance Journal | September 20, 2022
U.S. States Ask Appeals Court to Reinstate Facebook Lawsuit
A big group of U.S. states, led by New York, argued to an appeals court Monday that it should reinstate an antitrust lawsuit against Meta’s Facebook because of ongoing harm from the company’s actions and because the states had not …
Weachter Agency in Tampa Joins Renaissance Alliance
Insurance Journal | September 20, 2022
Weachter Agency in Tampa Joins Renaissance Alliance
Tampa-based Rip Weachter Insurance agency has become part of the Renaissance Alliance, a rapidly growing national network of independent agencies. Rip Weachter, founded in 1989, offers personal lines, commercial lines, contractors’ liability, workers’ compensation and cyber insurance coverage, the companies …
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Insurance Journal | September 20, 2022
Smart Choice Makes Tennessee Agency Its 22nd Acquisition
Smart Choice, a network of independent agents, has acquired Carriage Hill Insurance, an agency in Tennessee. The agency has $4 million in annual revenue, with offices in Lenoir City, Oak Ridge, Brentwood and Athens, Tennessee. The owner, Todd Henderson, now …
Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat
Insurance Journal | September 20, 2022
Trial Lawyers Back Republican in Florida House Race, Insurers Favor Democrat
In a twist of fate and a sign of the times, some Florida business groups are backing the Democrat in a state House race in the Tampa area, while trial lawyers are putting their weight behind the Republican challenger. The …
Virginia Commonwealth University Reaches Settlement With Hazing Victim’s Family
Insurance Journal | September 20, 2022
Virginia Commonwealth University Reaches Settlement With Hazing Victim’s Family
Virginia Commonwealth University will pay nearly $1 million to the family of a young man who died after a 2021 fraternity hazing incident as part of a recent settlement agreement. The agreement with the family of Adam Oakes also requires …
Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
Insurance Journal | September 9, 2022
Judge Approves Boy Scouts Reorg Plan to Settle Sex Abuse Claims
A bankruptcy judge on Sept. 8 granted the Boy Scouts of America (BSA) approval of its $2.5 billion reorganization plan, which will allow the organization to settle tens of thousands of sexual abuse claims. U.S. Bankruptcy Court Judge Laurie Silverstein’s …
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
Insurance Journal | September 9, 2022
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation
Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic squeeze on the cost of living that’s likely to define her premiership. Truss’s plan would cap the average cost of …
Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger
Insurance Journal | September 9, 2022
Former Florida Commissioner Warns Officials not to Shoot the Demotech Messenger
Former Florida Insurance Commissioner Kevin McCarty is criticizing current state regulators over their recent digs at the Demotech financial rating firm, after Demotech warned it would downgrade more than a dozen property insurers in the state. “Demotech is merely the …
TWIA Committee to Consider General Manager Candidates at Upcoming Meeting
Insurance Journal | September 9, 2022
TWIA Committee to Consider General Manager Candidates at Upcoming Meeting
The Texas Windstorm Insurance Association announced that its Board of Directors will meet on Wednesday, September 14 at 10:00 a.m. CT to discuss candidate interviews and potential action on a hiring decision for its General Manager position. The TWIA Board’s …
California Power Grid Operator Braces for Long Heat Wave
Insurance Journal | September 1, 2022
California Power Grid Operator Braces for Long Heat Wave
Operators of California’s power grid expect to issue calls for voluntary conservation of electricity during a prolonged heat wave building over the West and they warned that there could be energy shortages if conditions worsen. Excessive-heat warnings expanded to all …