Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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The Nitsche Group Announces Relocation of Round Rock Office

The Nitsche Group has announced the relocation of its Round Rock office. The office, previously at 893 North IH 35, Suite 120, Round Rock, is now located at 551 S. I-35 Frontage RD., Suite 320, Round Rock, TX, 78664, just …

Wed Jun 5, 2024 19:49
Kansas Man Sentenced to Probation for Auto Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced that a Kansas man has been sentenced to six months of probation for insurance fraud. Robert Heidbreder, age 30, pleaded guilty in the District Court of Sedgwick County to one misdemeanor count of insurance …

Wed Jun 5, 2024 18:49
Louisiana Gun Bill Risks Roiling Wall Street’s Muni Business

Louisiana could soon bar banks that “discriminate” against firearm entities from working on government contracts, after lawmakers advanced legislation that’s similar to a Texas statute that has whipsawed Wall Street firms’ public-finance work. State lawmakers passed Senate Bill 234 last …

Wed Jun 5, 2024 18:49
AM Best Downgrades Credit Ratings of Farm Bureau Mutual Insurance Company of Arkansas

AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb” (Fair) from “bbb-” (Good) of Farm Bureau Mutual Insurance Company of Arkansas, Inc. Concurrently, AM Best has maintained …

Wed Jun 5, 2024 18:49
Hilb Group Acquires German American for $40M

Hilb Group announced and closed the sale of the assets of the wholly-owned subsidiary German American Insurance (GAI) to Hilb Group in an all-cash transaction of $40 million. The sale creates a significant after-tax gain, net of transaction costs, of …

Wed Jun 5, 2024 18:49
Dozens More Former Youth Inmates Sue Over Alleged Sexual Abuse at Illinois Detention Centers

Dozens more former youth inmates filed lawsuits seeking millions of dollars in damages for sexual abuse they allegedly endured at Illinois detention centers dating back to the late 1990s. Thirteen women and 95 men filed two separate lawsuits Friday in …

Wed Jun 5, 2024 17:49

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