All Posts

Real Estate Developers’ Wrap-Up Challenges & Benefits

Insurance Journal

This post is part of a series sponsored by TSIB. Real Estate development is a business process that focuses on the overall development and renovation of a property, whether that is an existing property or a brand-new one. When it …

Posted: Apr 01, 2024

Why Client Experience Is Essential in Workers’ Comp

Risk & Insurance

A commitment to fostering an excellent client experience can help workers’ comp service providers stand out from the crowd. The post W...

Posted: Apr 01, 2024

State Farm, Erie, and Geico Named Best Insurance Providers

coverager

Taking the top position as the cheapest company overall is State Farm. Rounding out the top three are Erie Insurance for drivers with traffic tickets and Geico for the best discounts.

Posted: Apr 01, 2024

Farm to Fork: Finding Your Specialty in the U.S. Food Supply Chain

IA Magazine

Here’s how agents are protecting the country’s food supply and how agents looking for a new specialty can find plenty of niche opportunities throughout the domestic food cycle.

Posted: Apr 01, 2024

4 Ways To Navigate Generational Differences in a Family-Owned Agency

IA Magazine

Here’s how agents are protecting the country’s food supply and how agents looking for a new specialty can find plenty of niche opportunities throughout the domestic food cycle.

Posted: Apr 01, 2024

New $20 Minimum Wage for Fast Food Workers in California Began Monday

Insurance Journal

Most fast food workers in California will be paid at least $20 an hour began Monday, when a new law kicked in giving more financial security to an historically low-paying profession while threatening to raise prices in a state already …

Posted: Apr 01, 2024

Enhancing Efficiency and Growth: The Role of Outsourcing in Insurance

Insurance Journal

In today’s fast-paced business environment there is a common theme whether you are a retail agency, wholesaler, or MGA: You are continually seeking ways to streamline operations, improve efficiency, and enhance customer satisfaction. By outsour...

Posted: Apr 01, 2024

Tainted Water Flowed to These Texans’ Homes for Three Years. No One Told Them.

Insurance Journal

MIDLAND COUNTY — Leslie Borrego lives in a modest house south of the city limits, built 24 years ago by her late husband Raúl, who died unexpectedly from an aneurysm four years ago. The walls, decorated with framed portraits of …

Posted: Apr 01, 2024

People Moves: BenefitMall Appoints Beckley as Houston Benefits Sales Executive

Insurance Journal

BenefitMall, headquartered in Dallas, hired Maggie Beckley as a new benefits sales executive for Houston. Beckley brings eight years of insurance industry experience to the role. Prior to joining BenefitMall, she worked as a sales executive, employee...

Posted: Apr 01, 2024

People Moves: Acuity Promotes Freund, Kreif, Marthenze and Tyszka

Insurance Journal

Acuity Insurance, headquartered in Sheboygan, Wisconsin, promoted several team members to new positions. Promotions include: Katrina Freund, senior claims representative. Freund started her Acuity career in 2020 as a claims representative. Cori Kreif...

Posted: Apr 01, 2024

Generative AI Set to Transform Insurance Distribution Sector

Risk & Insurance

Generative AI's potential to transform insurance distribution, boosting revenues and cutting costs, is explored in a new report by Bain & Company The post

Posted: Apr 01, 2024

Arkansas Officials Mark Anniversary of Deadly Tornado

Insurance Journal

LITTLE ROCK, Ark. (AP) — Arkansas and local officials hailed the response from emergency workers, community groups and individuals on Friday as they marked the one-year anniversary of tornadoes that tore through the state and killed four people. Gov....

Posted: Apr 01, 2024

Ohio Manufacturer Faces $253K Fine for Employee’s Severe Injuries

Insurance Journal

Despite citations from the U.S. Department of Labor’s Occupational Safety and Health Administration for similar hazards at its Shelby, Ohio facility in 2022, ArcelorMittal Tubular Products USA LLC — a subsidiary of one of North America’s...

Posted: Apr 01, 2024

Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages

Insurance Journal

Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court filings showed, as the two parties fight over the future of Russia’s largest brewer. Moscow...

Posted: Apr 01, 2024

Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked

Insurance Journal

President Xi Jinping met with a group of American business leaders in Beijing including Blackstone Inc.’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations wi...

Posted: Apr 01, 2024

Cargo on Ship That Hit Baltimore Bridge Included Some Hazardous Materials

Insurance Journal

The cargo ship that caused the Baltimore bridge collapse was carrying hazardous materials, the National Transportation Safety Board said. NTSB Chair Jennifer Homendy said there are 56 containers aboard containing hazardous materials, including corros...

Posted: Apr 01, 2024

Student from China Sentenced in Arson of Alabama Church in 2021

Insurance Journal

MONTGOMERY, Ala. (AP) — A 30-year-old woman in the U.S. on a student visa has been sentenced to more than eight years in prison for setting fire to First Baptist Church in Montgomery in 2021, federal prosecutors said Monday. Xiaoqin …

Posted: Apr 01, 2024

Tropical Cyclone Makes Landfall in Northern Madagascar, Killing 18 People

Insurance Journal

ANTANANARIVO, Madagascar (AP) — A tropical cyclone that swept across Madagascar has killed 18 people and left four missing after making landfall on the north of the Indian Ocean island nation earlier this week, authorities said on Friday. The storm &...

Posted: Apr 01, 2024

Canadian School Boards Sue Social Media Giants for Over C$4B in Damages

Insurance Journal

Four Canadian school boards have sought more than C$4 billion ($2.96 billion) in damages from social media firms such as Meta Platforms and Snap in a lawsuit, alleging that their products harmed students. The products are “negligently designed...

Posted: Apr 01, 2024

Brookfield’s $200 Billion Credit Group Seeks to Lure Insurers

Insurance Journal

Brookfield Asset Management’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer says. “What we’ve deci...

Posted: Apr 01, 2024

Bird Flu Found in Michigan, Idaho Cows as Virus Spreads in US

Insurance Journal

Highly pathogenic avian influenza has been discovered in dairy herds in Michigan and Idaho, indicating the virus is spreading into new US states. The National Veterinary Services Laboratories has confirmed the presence of bird flu in a Michigan herd...

Posted: Apr 01, 2024

Rescue Crew Navigate Drones and Fire to Salvage Houthi-Hit Ship

Insurance Journal

A salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off combat drones. And seafarers navigating through the looming risks of encountering Somali pirates. These are scenes from a perilous mission that...

Posted: Apr 01, 2024

11-Year-Old Killed While Trying to Park Snowmobile in Garage

Insurance Journal

An 11-year-old Maine boy crashed a snowmobile and was killed while attempting to park in his family’s garage in Chapman, game wardens said Tuesday. The boy, who was not wearing a helmet, sped across a field and crashed into a …

Posted: Apr 01, 2024

Kentucky Senate Votes to Expand Family Leave as Insurance Product

Insurance Journal

FRANKFORT, Ky. (AP) — A bipartisan bill aimed at expanding access to paid family leave won final passage Thursday as Kentucky’s legislature shifted into overdrive before a two-week break. The Senate voted 36-0 to send the family leave legislati...

Posted: Apr 01, 2024

US Commercial Litigation Finance Saw 14% Drop in New Deals in 2023

Risk & Insurance

The commercial litigation finance industry saw a drop in new funding, reshuffling of professionals, and key exits, Westfleet Advisors reports The post

Posted: Apr 01, 2024

AT&T Notifies Users of Data Breach, Resets Millions of Passcodes

Insurance Journal

AT&T said it has begun notifying millions of customers about the theft of personal data recently discovered online. The telecommunications giant said Saturday that a dataset found on the “dark web” contains information such as Social...

Posted: Apr 01, 2024

US Home Insurance Premiums May Hit a Record This Year, Report Warns

Insurance Journal

US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …

Posted: Apr 01, 2024

Massachusetts Lawmakers Advance ‘Hot Work’ Oversiight Bill

Insurance Journal

A decade after two firefighters died when they became trapped in a brownstone in Boston’s historic Back Bay neighborhood by a fire caused by sparks from welders working next door, the Massachusetts Senate passed a bill Thursday aimed at toughen...

Posted: Apr 01, 2024

Massachusetts Lawmakers Advance ‘Hot Work’ Oversight Bill

Insurance Journal

A decade after two firefighters died when they became trapped in a brownstone in Boston’s historic Back Bay neighborhood by a fire caused by sparks from welders working next door, the Massachusetts Senate passed a bill Thursday aimed at toughen...

Posted: Apr 01, 2024