All Posts

California Janitorial Company Owners Arraigned for Insurance Fraud in $2.4M Payroll Underreporting S...

Insurance Journal

The husband-and-wife owners of a janitorial company were arraigned on multiple felony counts of insurance fraud after an investigation allegedly found the couple underreported payroll for their company by more than $2.4 million to illegally save on w...

Posted: May 24, 2024

California Janitorial Company Owners Arraigned for $2.4M Insurance Fraud

Insurance Journal

The husband-and-wife owners of a janitorial company were arraigned on multiple felony counts of insurance fraud after an investigation allegedly found the couple underreported payroll for their company by more than $2.4 million to illegally save on w...

Posted: May 24, 2024

Mother Appeals Dismissal of Case Against School Over Teen’s Gender Secret

Insurance Journal

A Maine woman is appealing the dismissal of her lawsuit that accused school officials of encouraging her teen’s gender expression by providing a chest binder and using a new name and pronouns, without consulting her. Amber Lavigne filed her not...

Posted: May 24, 2024

Berkshire (BHSI) names Galan Riley to lead Canadian Casualty Business

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), known for its provision of general liability, lead umbrella, and excess liability insurance across various industries, announces the promotion of Galan Riley to Senior Vice President, Casualty, in Can...

Posted: May 24, 2024

BHSI names Galan Riley to lead Canadian Casualty Business

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), known for its provision of general liability, lead umbrella, and excess liability insurance across various industries, announces the promotion of Galan Riley to Senior Vice President, Casualty, in Can...

Posted: May 24, 2024

Virginia Insurance Agent Sentenced for Writing Policies Without Clients’ Consent

Insurance Journal

A Virginia insurance and annuities agent was sentenced to one year and three months years in prison for mail fraud after swindling his employer and clients in multiple schemes. According to court documents, from August 2017 through March 2020, Joseph...

Posted: May 24, 2024

VIU by HUB Launches Real-Time Quotes for Motorcycle Insurance

IIR

Motorcyclists now have access to multiple quotes and expert advice to help them find the right coverage for their unique needs.

Posted: May 23, 2024

Valuation Methods for Commercial Tenant Improvements and Betterments

IA Magazine

If the tenant is required by the lease to insure the value of their improvements and betterments, how can they do that without having it valued in a way that’s dependent on the building owner making repairs promptly?

Posted: May 23, 2024

To Control Your Destiny, Control your User Experience

IIR

The automotive industry provides a lesson in the dangers of ceding control of differentiating capabilities to vendor or investor partners

Posted: May 23, 2024

The Latest Launches from Zywave, Cytora

Carrier Management

The Latest Launches from Zywave, Cytora InsurTech provider, Zywave, announced...

Posted: May 23, 2024

Tech Bytes: New Partnerships at Send, Mulberri, Bold Penguin

Carrier Management

Tech Bytes: New Partnerships at Send, Mulberri, Bold Penguin Send Technolog...

Posted: May 23, 2024

State Farm shrinks losses

coverager

The group of companies reported a net underwriting loss of $1.35 billion.

Posted: May 23, 2024

Radioactive Material Sites More Vulnerable to Climate Change-Related Risks

Carrier Management

Radioactive Material Sites More Vulnerable to Climate Change-Related Risks As Texas wildfires burned to...

Posted: May 23, 2024

A HOLE IN YOUR UMBRELLA?

Rough Notes

 New Jersey ruling points to a problem with general liability sub-limits  Not long ago, identifying such potential gaps would have been an exhaustive endeavor. Today, artificial intelligence and machine reading should be able to make short work of do...

Posted: May 23, 2024

Tornado Devastates Iowa Town, killing Multiple People

Insurance Journal

GREENFIELD, Iowa (AP) — Multiple people died Tuesday and at least a dozen were injured when a powerful tornado tore through a small Iowa town, carving a bleak landscape of destroyed homes and businesses, shredded trees, smashed cars, and widely &#823...

Posted: May 23, 2024

Norfolk Southern to Pay $15M Civil Penalty, Cleanup Costs Over 2023 Ohio Derailment

Insurance Journal

Norfolk Southern NSC.N agreed to pay a $15 million civil penalty and $57.1 million in past government cleanup costs on Thursday, as well as millions in future costs to resolve a U.S. government lawsuit over a 2023 train derailment in …

Posted: May 23, 2024

Are You a Top Account Manager/CSR? Submit a Nomination Today

Insurance Journal

Customer service representatives and account managers are the heart of agencies. That’s why Insurance Journal wants to recognize these valuable players for the critical work they do! We’re looking for the 2024 MVPs: Account Managers/CSRs....

Posted: May 23, 2024

Plans to Spend Billions on a Flood-Prone East Texas Highway May Not Solve the Problem

Insurance Journal

LUFKIN, Texas (AP) — U.S. Highway 59, a major evacuation route from Houston, has been a problem for East Texas for decades. And as flooding rivaling that of Hurricane Harvey inundated the region in April, the highway closed in several …

Posted: May 23, 2024

Texas Manufacturer to Pay $35K for Denying Job to Applicant with Opioid Use Disorder

Insurance Journal

The Modern Group, Ltd. (TMG), headquartered in Beaumont, Texas, and one of its subsidiaries, Dragon Rig Sales and Service, LLC, a manufacturing and service company which builds oilfield service equipment for energy and industrial companies, will pay...

Posted: May 23, 2024

Vermont Updates Its Captive Insurance Law Again

Insurance Journal

Vermont Governor Phil Scott has signed into law legislation updating certain sections of the state’s captive insurance statute including sections governing minimum capital requirements for agency captives and captives’ use of parametric c...

Posted: May 23, 2024

Insured losses from May Texas storms to exceed $1bn: Gallagher Re

Reinsurance News

Following the deadly thunderstorms that hit Houston, Texas on May 16th, economic and insured losses are each anticipated to exceed $1 billion, with the potential for total losses to be even higher, according to Gallagher Re. The storms, which kill...

Posted: May 23, 2024

HDI announces fronting partnership with Hallmark Financial Services

coverager

This multi-year partnership continues HDI’s investment in strengthening its position in the US market.

Posted: May 23, 2024

U.S. Home Insurers Post Net Combined Ratio Over 110: S&P Global

Carrier Management

U.S. Home Insurers Post Net Combined Ratio Over 110: S&P Global The U.S. homeowners insurance segment posted...

Posted: May 23, 2024

Bowhead Specialty announces pricing of upsized initial public offering

coverager

The company will offer 7,529,412 shares of its common stock at a price of $17 per share.

Posted: May 23, 2024

Radioactive Material Sites More Vulnerable to Climate Change-related Risks

Carrier Management

Radioactive Material Sites More Vulnerable to Climate Change-related Risks As Texas wildfires burned to...

Posted: May 23, 2024

Embri is live

coverager

Embri has collaborated with Movo Partnership, a network providing access to carrier products. 

Posted: May 23, 2024

Report: Mid-Atlantic States at Higher Wildfire Risk This Year

Carrier Management

Report: Mid-Atlantic States at Higher Wildfire Risk This Year Elevated fire risk conditions are predicted for t...

Posted: May 23, 2024

Aflac partners with Nayya

coverager

Nayya is a provider of personalized digital benefits guidance.

Posted: May 23, 2024

NOAA Chimes in With Prediction of Above-Average Atlantic Hurricane Season

Insurance Journal

The National Oceanic and Atmospheric Administration (NOAA) today predicted an 85% chance of an above-average Atlantic hurricane season, with up to 25 named storms. “The upcoming Atlantic hurricane season is expected to have above-normal activit...

Posted: May 23, 2024

Texas Braces for More Heat, Storms and Floods: Weather Watch

Insurance Journal

Parts of the central US stretching from North Dakota to northern Texas, including Dallas, face an enhanced risk from severe thunderstorms, strong wind, hail and possibly tornadoes on Thursday, the US Storm Prediction Center said. Flood watches have a...

Posted: May 23, 2024

Arthur J. Gallagher & Co. Acquires Minnesota’s CCI Surety

Insurance Journal

Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Golden Valley, Minnesota-based CCI Surety, Inc. Terms of the transaction were not di...

Posted: May 23, 2024

6 Questions for Travelers’ Joann Balous on the Prominent Role CFOs Play in Risk Management and Insur...

Risk & Insurance

Joann Balous of Travelers discusses the evolving role of CFOs in the insurance industry, their increasing involvement in risk management decisions, and the impact of macroeconomic factors on their strategies. The post

Posted: May 23, 2024

Cargo Thefts Surge to Record Levels in Q1 2024

Risk & Insurance

CargoNet says logistics and transportation crime reaches record high first quarter, with heightened risk during Memorial Day weekend. The post

Posted: May 23, 2024

Vermont Updates Captive Insurance Law, Seeks to Streamline Regulatory Practices

Risk & Insurance

Vermont's annual update to captive insurance law streamlines regulations, aligns statute with evolving captive market requirements The post

Posted: May 23, 2024

Andy Haste appointed new Group Chairman of Canopius following record-breaking year

Reinsurance News

Specialty re/insurer Canopius has appointed Andy Haste as its new Group Chairman, effective July 1, 2024, bringing extensive executive and non-executive experience to the role. He will chair the Group Board as Canopius aims to achieve its future g...

Posted: May 23, 2024