GEICO’s ‘Eye-Popping’ 2023 Insurance Profits, Falling Employee Counts February 26, 2024 By Susanne Sclafane Even though Berkshire Hathaway’s latest annual report featured Warren Buffett’s forecast that the days of “eye-popping performance” for the giant...
Agents, Brokers Achieve Record Annual Growth in 2023 February 26, 2024 The independent insurance agent and broker channel posted an organic growth rate of 10.3% in 2023 — the highest annual...
Universities Settle Financial-Aid Antitrust Lawsuit for $166M February 26, 2024 By Mike Scarcella Dartmouth, Northwestern, Rice and Vanderbilt universities have agreed to pay a combined $166 million to resolve claims that they favored...
Higginbotham Adds 103-Year-Old FPH&A to the Lineup February 26, 2024 Higginbotham, one of the largest independent insurance brokerages, has acquired Alabama-based Fountain, Parker, Harbarger & Associates, a 103-year-old agency. FPH&A...
Alabama House Votes to Give DOI More Arrest Powers, Longer Statute of Limitations February 26, 2024 By Insurance Journal Staff Reports The long arm of the Alabama Department of Insurance may be about to get a little longer, after the state...
People Moves: C3 Risk & Insurance Services Promotes Shea and Morse February 26, 2024 C3 Risk & Insurance Services, headquartered in San Diego, promoted two employees to partner positions within the firm. Doug Shea,...
AM Best Upgrades Credit Ratings of Aspire General in California February 26, 2024 AM Best upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to...
Trump Asks Judge to Suspend $83M Defamation Verdict, Arguing It Won’t Stand February 26, 2024 By Larry Neumeister Donald Trump’s lawyers asked a New York judge Friday to suspend an $83.3 million defamation verdict against the former president,...
‘Ghost Gun’ Sellers Must Face New York Lawsuit Seeking to Ban Them February 26, 2024 By Brendan Pierson Nine companies that sell unfinished guns without serial numbers, used to make untraceable “ghost guns,” must face a lawsuit by...
Hawaii State And County Officials Seeking $1B From Legislature for Maui Recovery February 26, 2024 Hawaii state and county officials have requested about $1 billion from the Legislature to help cover Maui wildfire recovery expenses...