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Breaking: Judge Dismisses Charges Against NJ Insurance Exec Norcross
In a prosecution that local news outlets had called “stunning,” a New Jersey judge has made an equally stunning dismissal of corruption and racketeering charges against insurance executive and Democratic power broker George Norcross III and five co-defendants New Jersey …
POSTED FEBRUARY 26, 2025 5:51 PM |
NormanMax Agrees to Purchase Parametric Flood Specialist MGA, FloodFlash
NormanMax Insurance Holdings, the Miami-based provider of parametric re/insurance solutions, has agreed to acquire FloodFlash, the parametric flood managing general agent, subject to regulatory approval. London-headquartered FloodFlash will continue to operate as an MGA and Lloyd’s coverholder, and the FloodFlash …
POSTED FEBRUARY 26, 2025 5:46 PM |
First Measles Death Reported in West Texas Outbreak
A school-aged child has died in Lubbock from measles, the first death reported in an ongoing outbreak that has infected more than 120 people in West Texas since January, Texas Department of State Health Services confirmed on Wednesday. According to …
POSTED FEBRUARY 26, 2025 5:36 PM |
Michigan Man Sentenced in Million-Dollar Unemployment Insurance Fraud Scheme
A man from Detroit, Michigan was sentenced last week for his role in a multi-state, million-dollar unemployment insurance fraud scheme aimed at defrauding the U.S. government and the states of Michigan, Pennsylvania, and Maryland, of funds earmarked for unemployment assistance …
POSTED FEBRUARY 26, 2025 5:27 PM |
Inszone Acquires South Dakota’s Kouri & Associates
Inszone Insurance Services announced the acquisition of Kouri & Associates Inc., a Sioux Falls-based agency with a legacy dating back to 1970. This latest acquisition strengthens Inszone’s footprint in the Midwest and ensures Kouri & Associates’ clients gain access to …
POSTED FEBRUARY 26, 2025 4:53 PM |
Higginbotham Acquires EZ CERT from Program Insurance Group
Higginbotham announced an association with Program Insurance Group of Georgetown, Texas — also known as the home of EZ CERT, a nationally-deployed insurance certificate tracking service for franchisors and franchisees. Through the association, Higginbotham will acquire EZ CERT. EZ CERT …
POSTED FEBRUARY 26, 2025 4:50 PM |
Europe’s Warming Ocean Current ‘Unlikely’ to Collapse This Century
A new study disputes a long-held fear that climate change will lead to a quick, total collapse of the Atlantic Meridional Overturning Circulation (AMOC), the ocean current that brings warmth to northwestern Europe. Scientists from the UK’s Met Office and …
POSTED FEBRUARY 26, 2025 4:42 PM |
Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M
Insurtech Lemonade reported a fourth quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.4 million for the fourth quarter 2023 and …
POSTED FEBRUARY 26, 2025 4:42 PM |
Fire Danger in LA Is All Around, But Signals to Residents Are Mixed
In the era of cutting-edge computer modeling, satellite data and AI, there has never been more abundant information on the danger that wildfire poses to homes in the Los Angeles area. But that didn’t necessarily help thousands of homeowners correctly …
POSTED FEBRUARY 26, 2025 4:34 PM |
Mississippi City Drops Lawsuit Over Editorial That Judge Had Ordered Removed
A Mississippi city dropped its lawsuit Monday against a newspaper that had its editorial criticizing local leaders removed by a judge in a case that sparked widespread outrage from First Amendment advocates. The city of Clarksdale’s board of commissioners sought …
POSTED FEBRUARY 26, 2025 2:59 PM |
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