Monthly Archives: <span>January 2024</span>

Deep Freeze Across South Central US Forces LNG Exporters to Cancel, Delay Cargoes

The recent freeze across Texas and Louisiana disrupted scheduled exports of US liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel. The Cameron LNG export plant in Louisiana canceled at least one scheduled shipment, according to …

Illinois Manufacturer Faces in $298K Penalties for Safety Machine Violations

An Illinois manufacturer faces $298,000 in penalties after an investigation by the U.S. Department of Labor’s Occupational Safety and Health Administration found the company failed to guard industrial equipment, develop a lockout/tagout program and train workers on machine safety procedures, …

People Moves: VIAA Promotes Kaatman to Director of Growth; Krieger Joins Alliant in Iowa

Valley Insurance Agency Alliance Promotes Kaatman to Director of Growth Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Mo., promoted Bill Kaatman to director of growth. Kaatman brings 17 years of experience in the insurance industry, previously serving as …

Iowa Man Sentenced for Disaster-Related Insurance Fraud

An Iowa man was sentence last week to 21 months in prison after pleading guilty to crimes of insurance fraud. Timothy Daryle Sletten, age 32, of Marshalltown, was sentenced on January 11, 2024. The charges against Sletten stem from an …

Inszone Acquires Texas’ Dina King Insurance

Inszone Insurance Services has announced the acquisition of Dina King Insurance. This acquisition is a major move for Inszone Insurance as they expand in Texas. Dina King Insurance, founded by Dina King in 1985, has been a part of the …

10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023

According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto insurance peers in the U.S. did the same. All 10 of the …

Arthur J. Gallagher Acquires New England’s Rowley Agency

Global insurance broker Arthur J. Gallagher & Co. announced it has acquired Concord, New Hampshire-based The Rowley Agency. The Rowley Agency is a retail insurance broker providing property/casualty, surety and employee benefits products to commercial and personal lines clients primarily …

Georgia Saw Most Frozen-Pipe Claims in 2022-2023, State Farm Says

Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its …

Connecticut Sees Growth in Captive Insurers for Fourth Straight Year

Commissioner Andrew Mais of the Connecticut Insurance Department announced a 37% increase in the state’s captive insurance sector in 2023. According to Mais, this growth includes the addition of 10 new captive insurers and 13 new cell risk-bearing entities. With …

Philadelphia Home Healthcare Agency to Pay $1.6M in Back Pay, Damages

The U.S. Department of Labor repoorts that it has obtained a consent judgment in federal court that requires a Philadelphia home healthcare agency and its owner to pay approximately $1.6 million in back wages and liquidated damages to 288 workers …