The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …
When Florida Farm Bureau Insurance companies filed for a 41% rate increase for homeowners last December, the Florida Office of Insurance Regulation asked company actuaries to sharpen their pencils, review all data and try again. The insurer’s vice president said …
A federal appellate court threw out a Florida jury verdict that would have required a Liberty Mutual unit to pay $1.6 million in damages for failing to defend an independent insurance agency against a lawsuit that accused it of failing …
This post is part of a series sponsored by AgentSync. Managing general agents (MGAs) are a black hole of insurance knowledge – with many avenues of compensation, it can be confusing to understand how MGAs are even allowed to collect …
Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of …
Three firefighters entered a building that simulated a burning third-floor apartment fire. In the training exercise, Bryan Duvall douses the flames with a hose while Tiffany Huber and Riley Becker search for a missing firefighter. The rescuers’ vision is impaired …
The Liberty Company Insurance Brokers formed a recent partnership with Roger Smith Insurance Agency of Tiffin, Ohio. Founded in 1987 by Roger Smith and currently led by his son, Kyle Smith, the firm offers personal, commercial, life, annuities, and health …
A video of a beach house being swallowed by the sea on North Carolina’s Outer Banks continues to go viral, drawing new attention to the impact that rising seas and storms are having on vulnerable properties and their insurance costs. …
U.S. traffic deaths jumped 10.5% in 2021 to 42,915 – the highest number killed on American roads in a single-year since 2005, U.S. regulators said Tuesday in its preliminary estimate. The yearly increase is the highest reported since the National …
The Florida Office of Insurance Regulation held hearings Tuesday on major rate increases from three more property insurers: Florida Farm Bureau, First Floridian, and Kin Interinsurance Network. The Kin and First Floridian hearings began Tuesday morning but the Farm Bureau …
