Insurance Journal
AM Best has upgraded the Financial Strength Rating to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Rating to “aa-” (Superior) from “a+” (Excellent) of Texas Mutual Insurance Company (Texas Mutual) based in...
Posted: Nov 27, 2024
Florida’s chief financial officer, Jimmy Patronis, whose office oversees insurance agent and adjuster licensing, along with insurance fraud investigations, plans to step down and run for Congress next year. News outlets reported that Patronis,...
Posted: Nov 27, 2024
This edition of International People Moves details appointments at the MGA Coalition and Hamilton Re. A summary of these new hires follows here. Coalition Taps Munich Re’s Foster as Head of London Markets Coalition, the San Francisco-based cybe...
Posted: Nov 27, 2024
Shares of US automakers tumbled on worries that a new round of tariffs imposed by President-elect Donald Trump will cause sticker prices to soar even further. Trump said that he would impose additional 10% levies on goods from China and …
Posted: Nov 27, 2024
Leavitt Inland Pacific is merging with Troy Insurance Agency in Idaho. Both agencies are locally owned and affiliates of Leavitt Group, a network of insurance brokers. This strategic partnership enables Leavitt Inland Pacific to offer service team su...
Posted: Nov 27, 2024
United Airlines said on Tuesday that an acute shortage of air traffic controllers was causing “significant disruption” for travelers at its busy Newark, New Jersey, hub outside of New York City. The airline said the Federal Aviation Admin...
Posted: Nov 27, 2024
Maine Attorney General Aaron Frey has filed suit in state court against Exxon, Shell, Chevron, BP, Sunoco, and the American Petroleum Institute for allegedly “deceiving Mainers for decades about the role of their fossil fuel products in causing...
Posted: Nov 27, 2024
Insurance broker Aon plc announced it has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), enhancing Aon’s risk and health capability offering in Japan. Financial details of the...
Posted: Nov 27, 2024
Alliant Insurance Services, headquartered in Irvine, California, named senior vice presidents Bryan Salek and Angela Kirby to lead its new government contractors-focused segment within Alliant Specialty. Salek has over 25 years of experience in risk...
Posted: Nov 27, 2024
At one of the early meetings of American Legal Connections, Rich Henderson, a senior vice president for reinsurer TransRe, bumped into a concerned client from a hospital insurance company who brought his team members to the event. The insurer was ...
Posted: Nov 27, 2024
Everest announced its expansion into the Italian market, following regulatory approval to operate in Italy, trading as Everest Insurance (Ireland) DAC, Succursale Italiana. Headquartered in Milan, the operations are currently led by José Ramón Morale...
Posted: Nov 27, 2024
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case. A., ...
Posted: Nov 27, 2024
China’s state media warned U.S. President-elect Donald Trump his pledge to slap additional tariffs on Chinese goods over fentanyl flows could drag the world’s top two economies into a mutually destructive tariff war. Trump, who takes offi...
Posted: Nov 27, 2024
Prince Harry and other high-profile British figures’ privacy lawsuits against the Daily Mail newspaper’s publisher will go to trial in early 2026, London’s High Court heard on Tuesday, with the parties’ legal costs set to exce...
Posted: Nov 27, 2024
This post is part of a series sponsored by AgentSync. You and your bestie booked a once-in-a-lifetime cross-country train trip to celebrate your biggest professional accomplishment to date. What could go wrong? Sadly, an emergency appendectomy derail...
Posted: Nov 27, 2024
CrowdStrike Holdings Inc. issued a weaker-than-expected earnings forecast, disappointing investors who have been watching for signs that the cybersecurity company has recovered from a flawed update that crashed computers around the world. Adjusted ea...
Posted: Nov 27, 2024
The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. Of the 18 named storms, 11 were hurricanes and …
Posted: Nov 27, 2024
Truliant Federal Credit Union and its Truliant Insurance subsidiary has acquired Atkins & Associates Insurance Agency in Greenville, South Carolina, expanding the firm’s presence in the Southeast. Atkins has been in operation for 16 years....
Posted: Nov 27, 2024
Tennessee has seen a 25% jump in the number of insurance producer licenses in the past five years, an increase that regulators have attributed to a population boom in the state and easy access to producer exams. The state now …
Posted: Nov 27, 2024
Nearly every insurance policy has a forum selection clause and nearly every opposite party wants to avoid them at all costs in hopes of finding a more favorable venue. A new opinion from Florida’s 3rd District Court of Appeal, Open …
Posted: Nov 27, 2024
LP Insurance Services LLC named David Drach director of information technology. His role includes overseeing the IT team and interacting with external IT partners, as well as advising leadership in the development and execution of technology strategi...
Posted: Nov 27, 2024
A city in New Mexico has reached a $20 million settlement with the family of a woman who was shot and killed by a police officer now charged with second-degree murder. Teresa Gomez, 45, was fatally shot in October 2023 …
Posted: Nov 27, 2024
National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. Terms of the transaction were not disclosed. NorthStar was founded in 1995 and is one of New England&...
Posted: Nov 26, 2024
In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car. The woma...
Posted: Nov 26, 2024
In a 5-2 decision, New York State’s high court this week upheld Uber’s “clickwrap” agreement requiring arbitration of all disputes in a case of a passenger who was injured by another vehicle after exiting an Uber car. The woma...
Posted: Nov 26, 2024