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Financial & Insurance Insights
John Sommers II for Transport Topics AssuredPartners Inc., an insurance brokerage firm located in Lake Mary, Florida, has announced its acquisition of the Roemer Insurance Agency and its affiliate, Sunforest Transportation Insurance Group, both situated in Toledo, Ohio. While the financial details o
Promotion Announcement at Great American Insurance Group Great American Insurance Group, located in Cincinnati, Ohio, has named Randal M. Smith as the divisional president of its Trucking Division. Smith’s Career Path Smith started his tenure with Great American in 1992. After a brief departure to c
Addressing Insurance Challenges in the Trucking Industry For fleet owners and operators, managing insurance challenges is a critical issue. Increased premiums, liability claims, and disputes over cargo insurance create significant financial risks for trucking firms. (Photo: iStock) The number of tra
Hugo Man Sentenced for Embezzlement A resident of Hugo has been sentenced to over four years in prison for embezzling $1.3 million from the truck repair company he was employed at and misusing the funds for extravagant purchases. Details of the Case Leon A. Keener, 55, received his sentence on Wedne
Authorities have taken into custody Kenny Niebla from Miami on allegations of embezzling nearly $60,000 from fake insurance premiums, as reported by the Florida Department of Financial Services. Niebla is recognized as the proprietor of Andoba Trucking Co. and Sea Trucking located in Hialeah. He is
New revenue recognition standards will soon impact nearly all nonpublic companies in the U.S., requiring compliance by the end of the 2019 calendar year. In May 2014, the Financial Accounting Standards Board (FASB) established new, comprehensive principles-based guidelines for revenue recognition, a
Operating a tow truck is a job fraught with risk, as drivers often work on busy streets and in harsh weather conditions while transporting vehicles that can weigh a ton or more. Due to these dangers, obtaining suitable tow truck insurance is essential for protecting your business against legal claim
Supreme Court Ruling on Insurer’s Role in Bankruptcy On June 6, 2024, the U.S. Supreme Court delivered a unanimous decision in Truck Insurance Exchange v. Kaiser Gypsum Co., Inc., No. 22-1079, establishing that an insurer responsible for bankruptcy claims qualifies as a “party in interest” in Chapte
Launch of Affordable Trucking Insurance Program by Nest Best Insurance Agency in California Glendale, California–(Newsfile Corp. – April 10, 2025) – Nest Best Insurance Agency, a prominent provider of commercial truck insurance, has unveiled a new cost-effective trucking insurance program in Califor
