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Tag: insurance-journal

Oklahoma Captive Program Reports 25% Net Gain of Captive Insurers in 2023
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 …
TWIA Board to Hold Interim Meeting to Discuss 2024 Budget
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 …
Independent Insurance Agents of Illinois Presents Annual Awards
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 …
Computer Systems for Almost All Kansas Courts Offline Due to Security Incident
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 …
Nebraska Sheriff Charged With Filing Fraudulent Auto Insurance Claim
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 …
Suspended Miami City Commissioner Pleads Not Guilty to Money Laundering Charges
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 …
Pfizer to Pay $2M to Settle Alleged Gender Bias in Compensation at New York City Office
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 …
Markel Takes Minority Stake in UK-Based Tax MGA
Insurance Journal | October 20, 2023
Markel Takes Minority Stake in UK-Based Tax MGA
Markel, the insurance operation within Markel Group Inc., announced a 49% strategic investment in Certa Insurance Partners, the London-based specialist tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further …
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
Insurance Journal | October 20, 2023
GEICO Lays Off 6% of Workforce and Will Require More In-Office Time
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6% of the workforce. “This will allow us to become more dynamic, agile, and streamline …
Blast Reported Aboard Small Cruise Ship in Portland Harbor
Insurance Journal | October 20, 2023
Blast Reported Aboard Small Cruise Ship in Portland Harbor
One person was injured and passengers were evacuated Wednesday after an explosion in the engine room of a small cruise ship docked in Maine`s Portland Harbor, officials said. The injured person, a member of the crew, was taken to a …