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News – Insurance Journal
Judge Upholds Conviction of North Carolina Insurance Magnate in Bribery Case
A federal judge has upheld the convictions of two men found to be trying to bribe North Carolina’s top insurance regulator with large political contributions so that scrutiny of a defendant’s businesses would be eased. A jury in March found …
POSTED AUGUST 10, 2020 7:07 AM |
North Carolina Study: Black Drivers Twice as Likely to be Stopped by Police
A state study shows that Black drivers in North Carolina are stopped by police at more than twice the rate of white drivers. The Raleigh News & Observer reported Wednesday that roughly 25 out of 100 Black drivers were stopped …
POSTED AUGUST 10, 2020 7:02 AM |
Stop-Work Order Issued at Miami Construction Project After 6 Workers Injured
Construction was halted Thursday at a Miami construction site where six workers were hurt when a load of rebar fell from a crane, officials said. A stop-work order was issued for the Brickell 57-floor property, which is a joint venture …
POSTED AUGUST 10, 2020 6:56 AM |
Gridiron Insurance Underwriters of Florida Hires Murphy to Lead Property Division
Gridiron Insurance Underwriters, Inc., a program manager specializing in program business on a regional and national basis through select retail and wholesale producers, has hired Ben Murphy as its new head of Property. Murphy joins Gridiron after 15 years as …
POSTED AUGUST 10, 2020 6:32 AM |
HUB in Chicago Taps Hatfield and Web to Lead Central Region Consulting and Growth
Chicago, Ill.-based HUB International Ltd. has added Geoff Hatfield and Scott Webb to the Central region executive team. Hatfield joined as chief strategy officer and Webb as chief sales officer, new roles responsible for driving growth in the Central region. …
POSTED AUGUST 10, 2020 5:00 AM |
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic
What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second quarter, an increase of 49% compared to the prior year quarter. Underwriting income improved to $904 million – a rise …
POSTED AUGUST 10, 2020 5:00 AM |
Progressive Reports Strong Q2 Results; CEO Declares ‘Black Lives Matter’ and Vows Action
“Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in a letter to shareholders. In the letter that was mostly commentary on second quarter results, Griffith vowed to increase her …
POSTED AUGUST 10, 2020 5:00 AM |
CRC Group Names Maucere to Lead New Indianapolis Office
CRC Group has opened a new Indianapolis, Ind., office and has named Mark Maucere office president. Maucere is responsible for leading the team and growing the CRC footprint in the territory. Maucere has more than 25 years of MGA experience. …
POSTED AUGUST 10, 2020 5:00 AM |
Roper Technologies in Talks to Buy Vertafore for $5.5 Billion, Reuters Reports
Roper Technologies Inc. is in talks to acquire Vertafore for close to $5.5 billion, Reuters reported, citing people familiar with the matter who weren’t identified. The acquisition would be the biggest ever for the Sarasota, Florida-based maker of industrial equipment, …
POSTED AUGUST 10, 2020 3:13 AM |
CoreLogic Calls Special Meeting on Takeover Bidders’ Candidates for Board
The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for November 17, 2020 to consider the replacement of up to nine directors with nominees chosen by the two firms looking …
POSTED AUGUST 10, 2020 |
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