News Archives - Insurance Journal

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9 07, 2025

Ken Griffin-Backed Florida Bill for Non-Competes Becomes Law

By | July 9th, 2025|Uncategorized|Comments Off on Ken Griffin-Backed Florida Bill for Non-Competes Becomes Law

Florida enacted legislation allowing non-competes of up to four years, handing a victory to Citadel’s Ken Griffin, who pushed for the policy. Labor lawyers say it’s one of the most employer-friendly policies in the country. It also goes in the …

9 07, 2025

Villages Health System Sees $350 Million in Medicare Overcharges

By | July 9th, 2025|Uncategorized|Comments Off on Villages Health System Sees $350 Million in Medicare Overcharges

A health-care system serving the largest retirement community in the US has filed for bankruptcy after disclosing it potentially overbilled Medicare by at least $350 million, according to court filings. The Villages Health System LLC, which operates clinics for retirees …

9 07, 2025

House Swept Away as Flash Flooding Hits Mountain Village in New Mexico

By | July 9th, 2025|Uncategorized|Comments Off on House Swept Away as Flash Flooding Hits Mountain Village in New Mexico

At least three people were missing in a mountain village in southern New Mexico that is a popular summer retreat after monsoon rains triggered flash flooding Tuesday that was so intense an entire house was swept downstream. Emergency crews carried …

9 07, 2025

Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs

By | July 9th, 2025|Uncategorized|Comments Off on Trump Vows No Tariff Extension, Hardens Threats on Copper, Drugs

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new …

9 07, 2025

Focus on First Responders’ Mental Health Grows in Texas Flood Recovery

By | July 9th, 2025|Uncategorized|Comments Off on Focus on First Responders’ Mental Health Grows in Texas Flood Recovery

Riding on horseback through brush and over numerous dead turkeys, Margo Mellon spent Tuesday scanning the flood-ravaged ground of Texas’ Hill Country for dead bodies. As she and her rescue mates trudged through the muddy terrain, state officials announced that …

9 07, 2025

AM Best Revises Outlook to Negative for Texas’ Service Insurance Group

By | July 9th, 2025|Uncategorized|Comments Off on AM Best Revises Outlook to Negative for Texas’ Service Insurance Group

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Service Lloyds Insurance Company, a Stock Company and Service American Indemnity …

9 07, 2025

People Moves: RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer; MS Reinsurance Restructures Underwriting Operations, Making Leadership Changes

By | July 9th, 2025|Uncategorized|Comments Off on People Moves: RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer; MS Reinsurance Restructures Underwriting Operations, Making Leadership Changes

This edition of International People Moves details appointments at RiverStone International and MS Reinsurance. A summary of these new hires follows here. RiverStone Taps Enstar’s Brockman as Group CEO, Succeeding Tanzer RiverStone International Holdings, the UK-based acquirer and reinsurer of …

9 07, 2025

Lemonade Expands Car Insurance to Indiana

By | July 9th, 2025|Uncategorized|Comments Off on Lemonade Expands Car Insurance to Indiana

Lemonade announced this week the expansion of its car insurance product in Indiana. With this addition, Lemonade Car is now available in states representing approximately 42% of the U.S. car insurance market. Lemonade’s existing customers in the state already account …

9 07, 2025

Kansas Insurance Commissioner Schmidt Announces Run for Governor

By | July 9th, 2025|Uncategorized|Comments Off on Kansas Insurance Commissioner Schmidt Announces Run for Governor

Kansas Insurance Commissioner Vicki Schmidt announced her bid to run for Governor of Kansas in 2026. Schmidt, a lifelong Republican, began her career as a pharmacist after graduating from the University of Kansas. She has worked for over 40 years …

9 07, 2025

Texas Counties Have Little Power to Stop Building in Flood-Prone Areas

By | July 9th, 2025|Uncategorized|Comments Off on Texas Counties Have Little Power to Stop Building in Flood-Prone Areas

Camp Mystic, the private summer camp that now symbolizes the deadly Central Texas floods, sat on a tract of land known to be at high risk for a devastating flood. Nearly 1.3 million Texas homes are similarly situated in parts …