Monthly Archives: <span>May 2025</span>

People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley

Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of …

Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest

Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage. A three-judge panel of the Massachusetts Appeals …

By 1 Vote, Pennsylvania House Passes Measure to Legalize Recreational Marijuana

The Pennsylvania House of Representatives on Wednesday narrowly passed a measure to legalize recreational use of marijuana with purchases permitted only through shops run by the state. The vote, 102-101, was largely along party lines with Democrats prevailing. The measure …

Hub Acquires Virginia’s Guru of Insurance

Global insurance broker Hub International Limited announced it has acquired the assets of EB Specialists Inc. dba Guru of Insurance. Guru of Insurance is an employee benefits firm located in King George, Virginia that provides clients in the region with …

NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations

The Catholic bishop of a New Jersey diocese said he would no longer oppose a state grand jury investigation of clergy sexual abuse that the church has been fighting behind closed doors in court for years. It’s not clear, however, …

Acting FEMA Chief Is Ousted After Less Than 4 Months

Less than a month before the start of hurricane season, the acting administrator of the Federal Emergency Management Agency has been fired. A spokesperson with FEMA offered no reason for the dismissal, but confirmed to Insurance Journal reports that Cameron …

LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration

Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world’s largest sporting events …

Paragon’s Reel Media Acquires WISE Risk of Massachusetts

Connecticut-based Paragon Insurance Holdings announced that its specialty media and contingency platform, Reel Media Insurance Services, has acquired WISE Risk, a wholesaler for event-driven and specialty insurance products. WISE Risk, based in Needham, Massachusetts, is focused on the entertainment, sports, …

People Moves: Indiana Farm Bureau Insurance Promotes Zeilinga to Agency Manager

Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he was promoted to the role …

Liberty Mutual Q1 Net Income Down 33%

Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by the wildfires in California—were …