Category: Insurance Journal

An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergency …

AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an action that follows the …

A former South Carolina state lawmaker and injury lawyer has been indicted on federal allegations that he schemed to defraud his legal clients. According to court papers, a federal grand jury on Wednesday indicted former Rep. Marvin Pendarvis, a Democrat …

The National Association of Insurance Commissioners (NAIC) said late last week that its chief executive officer, Gary Anderson, stepped down to “pursue other endeavors.” Anderson left the NAIC on Oct. 29. NAIC Chief Regulatory Affairs Officer Jeff Johnston will serve …

The West Virginia Office of the Insurance Commissioner is accepting comments about a proposed 47.38% average increase in auto liability rates filed by American Modern Property and Casualty Insurance Co. About 504 policyholders will be affected. Written comments will be …

Tompkins Financial Corp. has closed on the sale of its wholly owned subsidiary, Tompkins Insurance Agencies, Inc. (TIA), to Arthur J. Gallagher & Co. for approximately $223 million in cash. The transaction generates a pre-tax gain of $183 million, the …

The recent escape of several research monkeys after the truck carrying them overturned on a Mississippi interstate is the latest glimpse into the secretive industry of animal research and the processes that allow key details of what happened to be …

The nation’s largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November thanks to a donation from a U.S. tech billionaire, raising concerns about the blurring of lines between public and private …

Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments, a growing campaign that could end up costing companies and consumers billions of dollars, according to new cybersecurity research. Sunnyvale, California-based Proofpoint Inc. said …

Marsh McLennan Agency (MMA) announced the acquisition of Hayden Wood Insurance Agency Inc., a Southborough, Massachusetts-based independent agency. Terms of the acquisition were not disclosed. The Hayden Wood Insurance Agency was founded in 1946 by Hayden R. Wood, Sr. upon …