Top Agency to Work For – West Region: Kulchin Ross

A small Southern California insurance firm is proving that being kind and caring can lead to big success. Kulchin Ross Insurance Services LLC has built a reputation not just for serving its customers, but for focusing on its people. The company recently earned the Gold Award for Best Agency to Work For in the West … Read more

Business Developments: MNK International Acquires Turkish Brokerage; Specialist Risk Group Purchases Healthcare Consultancy Focused on UK Professional Sports

MNK International, a Lloyd’s broker based in London, has taken a big step by acquiring a new brokerage firm in Turkey. Although the purchase price was not disclosed, this move signals MNK’s intention to expand its reach in the Turkish insurance market. The new branch, MNK International Türkiye, will be based in Istanbul and focus … Read more

GEICO Files Lawsuits Against Medical Companies in Florida and New York Alleging No-Fault Auto Fraud

GEICO has taken legal action against several medical companies in Florida and New York, accusing them of running expensive fraud schemes involving no-fault auto insurance claims. The insurance company filed lawsuits earlier this month targeting firms it says submitted false claims for medical treatments and equipment that weren’t really needed. In Tampa federal court, GEICO … Read more

Bishop Street Underwriters Unveils MGA Incubator Initiative

Bishop Street Underwriters has launched a new program called Bishop Street Program Managers (BSPM), designed to help specialty managing general agents (MGAs) get started quickly. Backed by a strong platform with $600 million in gross written premium, BSPM offers all the tools and support needed to launch an MGA in as little as 90 days. … Read more

Why Big Oil Wants the EPA to Keep Its Polluter Reporting Program

The Environmental Protection Agency (EPA) has proposed ending its Greenhouse Gas Reporting Program, which requires large industrial polluters, including many oil and gas companies, to report their annual greenhouse gas emissions. The agency says this move could save the industry up to $256 million a year, but many in the energy sector warn the change … Read more

TrustedChoice.com Renamed Momentum Edge After June Acquisition

Momentum, a Texas-based agency management platform, has acquired TrustedChoice.com and will now operate it under the new name, Momentum Edge. The acquisition took place in June and aims to bring together several insurance tools into one seamless platform. Momentum Edge combines services like demand generation, referrals, customer relationship management (CRM), agency management systems (AMS), rating, … Read more

Louisiana Develops Draft Regulations for Up to 30% Premium Discounts on FORTIFIED Homes

The Louisiana Department of Insurance is working on new rules to offer homeowners discounts on insurance premiums for houses built or upgraded to strong wind-resistant standards. This move follows a 2023 law requiring insurance companies to provide savings for homes that meet the FORTIFIED standard. This standard, created by the Insurance Institute for Business and … Read more

Grounded Paychecks: 60,000 Air Safety Workers Tighten Belts Amid Ongoing US Shutdown

For nearly three weeks, about 60,000 Transportation Security Administration (TSA) workers and air traffic controllers have been working without pay because of the ongoing government shutdown. These essential workers, who keep airports safe and air traffic running smoothly across the U.S., last received partial paychecks in mid-October. Many now face tough choices, such as borrowing … Read more