The U.S. Securities and Exchange Commission plans to remove the top leaders at regional offices across the country as part of its cost-cutting recommendations to the Trump administration, according to two sources familiar with the matter. The SEC on Friday …
US SEC Plans to Cut Regional Directors as Agency Preps for DOGE Scrutiny: Sources Read More »
The work that GEICO’s chief executive has done to “repolish” Berkshire Hathaway’s “long-held gem” got a special shout-out in Warren Buffett’s Berkshire Hathaway 2024 annual report to shareholders last weekend. GEICO’s $4 billion-plus jump in 2024 underwriting profit (before taxes) …
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains Read More »
New Mountain Capital, an investment firm, has agreed to buy the commercial insurance division of Pennsylvania-based NSM Insurance Group. The firms said in a news release that the deal is expected to close in the next 45 days. Terms were …
Pennsylvania’s NSM to Sell Commercial Insurance Division to Investment Firm Read More »
Georgia lawmakers aren’t the only ones contemplating a major tort-reform bill during the legislative session this year. Next door, South Carolina’s General Assembly is considering Senate Bill 244, which supporters say would end the state’s joint-and-several liability rules that have …
South Carolina Republicans Launch TV Ads to Salvage Tort Reform Bill Read More »
A Florida framing contractor has been sentenced to 48 months in prison and millions of dollars in fines and restitution after he failed to obtain workers’ compensation insurance and ignored safety practices, leading to deadly consequences. Despite six previous citations …
Florida Contractor in Fatal Fall Incident Sentenced for Workers’ Comp Fraud Read More »
The termination letters that ended the careers of thousands of U.S. Forest Service employees mean fewer people and less resources will be available to help prevent and fight wildfires, raising the specter of even more destructive blazes across the American …
How Trump’s Mass Layoffs Raise Wildfire Risk in The West, According to Fired Workers Read More »
This post is part of a series sponsored by AgentSync. Article Key Points: Insurance distribution involves various entities like agents, IMOs, FMOs, brokers, aggregators, MGAs, and MGUs. Carriers appoint licensed agents to sell products, but the process varies based on …
Insurance 101: The Insurance Distribution Channel Overview Read More »
In insurance circles Florida and California have the dubious distinction of being perennial problem children for home and auto insurance. In both states insurance markets have been severely disrupted by unique factors unknown in any other state. In Florida, the …
California Insurance: Intervening, Interfering Read More »
Finland’s telecoms operator said on Monday that the damage reported last week to its C-Lion1 telecoms cable in the Baltic Sea may have occurred as early as January 26, the same day a cargo ship broke another undersea cable in …
Damage to Baltic Sea Telecoms Cable May Have Occurred in January, Operator Says Read More »
A Texas man was sentenced last week to more than 13 years in prison for constructing a $5 million insurance fraud scheme, the U.S. Attorney’s Office, Northern District of Texas announced. Jordan Ford, 32, was charged via criminal complaint in …
Texas Man Sentenced to 13 Years in Prison for Multi-Million Dollar Insurance Fraud Read More »
