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Category: Insurance Journal

A-G Specialty Acquires Michigan’s First Agency TPA
Insurance Journal | November 20, 2024
A-G Specialty Acquires Michigan’s First Agency TPA
A-G Specialty announced the acquisition of First Agency TPA, A Gallagher Company. First Agency TPA specializes in student and athletic accident coverage at both the interscholastic and intercollegiate levels, as well as special – risk programs such as summer camp …
People Moves: Columbia Insurance Group Names Rieth VP of E&S
Insurance Journal | November 20, 2024
People Moves: Columbia Insurance Group Names Rieth VP of E&S
Columbia Insurance Group (CIG), headquartered in Columbia, Missouri, hired Aaron Rieth as vice president of excess and surplus (E&S). In this newly created position, Rieth leads the development of CIG’s direct-to-agent E&S solution. Rieth has 20 years of experience in …
New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans
Insurance Journal | November 20, 2024
New Florida Legislative Leaders Talk Tough on Property Insurance, But No Specific Plans
Florida’s newest legislative leaders on Tuesday rattled some sabers about property insurance rates and claims but offered no agenda for the upcoming session that begins in March, according to state news reports. Incoming Senate President Ben Albritton, R-Wauchula, warned insurers …
Famous Gulf Coast Restaurant and Owner Fined $1.5M for Mislabeling Seafood
Insurance Journal | November 20, 2024
Famous Gulf Coast Restaurant and Owner Fined $1.5M for Mislabeling Seafood
GULFPORT, Miss. (AP) — A Mississippi Gulf Coast restaurant and its co-owner it were sentenced Monday on federal charges of mislabeling inexpensive imported seafood as local premium fish. Mary Mahoney’s Old French House, founded in Biloxi in 1962 in a …
Library of Congress Says an Adversary Hacked Some Emails
Insurance Journal | November 20, 2024
Library of Congress Says an Adversary Hacked Some Emails
The Library of Congress has notified lawmakers of a “cyber breach” of its IT system by an adversary, a hack of emails between some congressional offices and library staff, according to an email obtained by The Associated Press. The library …
Hurricane Helene Isn’t the Only Big Storm North Carolina Is Recovering From
Insurance Journal | November 20, 2024
Hurricane Helene Isn’t the Only Big Storm North Carolina Is Recovering From
RALEIGH, N.C. (AP) — Almost two months after Hurricane Helene wreaked havoc on western North Carolina, Republican lawmakers grilled officials Monday over how they handled two other hurricanes that hit the state several years ago. As part of a massive …
T-Mobile Caught Hackers Early, Averting Data Leak
Insurance Journal | November 20, 2024
T-Mobile Caught Hackers Early, Averting Data Leak
T-Mobile US Inc. was able to contain a recent network breach before it reached customers’ phones, according to people familiar with the matter. Hackers accessed edge-routing infrastructure and gained unauthorized access to a limited number of devices, including a T-Mobile-owned-and-operated …
New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme
Insurance Journal | November 20, 2024
New York Insurance Broker Caught in $38 Million Nursing Home Tax Fraud Scheme
Prosecutors report that a New York insurance broker has admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced that Joseph Schwartz, of Suffern, New …
How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
Insurance Journal | November 20, 2024
How Will the Antitrust Showdown Launched Under Biden Change Under Trump?
The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden’s administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators …
Markets/Coverages: Rokstone Launches Global Parametric Product
Insurance Journal | November 20, 2024
Markets/Coverages: Rokstone Launches Global Parametric Product
Rokstone, the London-based speciality re/insurance MGA that is part of the Aventum Group, has launched Rokstone Parametric in partnership with NormanMax Lloyd’s Syndicate 3939. With an initial US$10 million worldwide facility, the product covers earthquake, hurricane, tropical cyclone and typhoon, …