Insurance Journal
Earlier this week, the Pennsylvania Department of Conservation and Natural Resources (DCNR) announced that it is prohibiting campfires on state park and forest lands until further notice. The department also encouraged Pennsylvanians to avoid burning...
Posted: Nov 07, 2024
This post is part of a series sponsored by Darkhorse Insurance. As an agent, you must often choose between insurance aggregators vs. franchise models. Each has its benefits and drawbacks, leaving you to wonder if there’s a better solution that...
Posted: Nov 07, 2024
A wildfire sparked in California’s upscale Malibu beach community on Wednesday was driven by powerful winds sweeping apart the state’s southern region. The Broad Fire in Los Angeles County, which had shut down Pacific Coast Highway betwee...
Posted: Nov 06, 2024
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding employees framing a residential structure without re...
Posted: Nov 06, 2024
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of medical supplies, to resolve alleged systemic hir...
Posted: Nov 06, 2024
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of medical supplies, to resolve alleged systemic hir...
Posted: Nov 06, 2024
An automotive quality control company with locations in Michigan, Alabama, Illinois, Tennessee and South Carolina, will pay $80,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) sex discrimination and retali...
Posted: Nov 06, 2024
Three fairgoers have joined Texas Attorney General Ken Paxton in suing the State Fair of Texas and the city of Dallas over the fair’s policy banning all firearms from its properties. Monday’s filing is the latest maneuver from Paxton in &...
Posted: Nov 06, 2024
Trinidad Navarro will retain his role as Delaware insurance commissioner. Navarro, the state’s Democratic incumbent, defeated Republican nominee Ralph Taylor in Tuesday’s election. More than 95% of the vote was in at press time, and Navar...
Posted: Nov 06, 2024
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. As of Monday, Nov. 4, ...
Posted: Nov 06, 2024
JACKSON, Miss. (AP) — Police in Mississippi’s capital said a man died Monday when he was trying to repair a dump truck and asphalt poured onto him. Darrell Sheriff, 41, was underneath the truck working on a hydraulic line when …
Posted: Nov 06, 2024
A constitutional amendment that would have legalized recreational marijuana in Florida won a majority of votes Tuesday but fell short of the required 60% needed to pass. The vote snuffs out what was expected to be a rush to set …
Posted: Nov 06, 2024
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syn...
Posted: Nov 06, 2024
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what &#...
Posted: Nov 06, 2024
North Carolina Insurance Commissioner Mike Causey was reelected to a third term, gaining 52% of the vote to Democratic opponent Natasha Marcus’ 48%. News reports and the Associated Press indicated that, by early Wednesday, Causey had picked up...
Posted: Nov 06, 2024
Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed. London-based Innovisk has becom...
Posted: Nov 06, 2024
Singapore Telecommunications Ltd., Singapore’s largest mobile carrier, was breached by Chinese state-sponsored hackers this summer as part of a broader campaign against telecommunications companies and other critical infrastructure operators ar...
Posted: Nov 06, 2024
Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earmark as much as €10.6 billion ($11.5 billion) for i...
Posted: Nov 06, 2024
This post is part of a series sponsored by AgentSync. If Colorado’s any indication, more state departments of insurance may be working on legislation to ensure consumer transparency. Across the U.S., homeowners in high-risk wildfire areas are f...
Posted: Nov 06, 2024
Assicurazioni Generali SpA is considering a deal to acquire New York-based credit investment firm MGG Investment Group, people familiar with the matter said, as the Italian insurer looks to expand in the private asset business. Generali has held earl...
Posted: Nov 06, 2024
H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 11 members of its North American team to new roles. The promotions include: Rich Gobler, promoted to executive vice president, Burns & Wilcox; from senior vice president. M...
Posted: Nov 06, 2024
All major commercial lines premium renewal rates were lower in October than in August, according to the latest monthly Ivans Index. Premium renewal rate change by line of business for October 2024 highlights include: Commercial Auto: 9.62%, down slig...
Posted: Nov 06, 2024
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead continue to be absorbed by primary insurance companies,...
Posted: Nov 06, 2024
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. Wit...
Posted: Nov 06, 2024
The FBI on Tuesday warned Americans about two new fake videos falsely citing terror threats and voter fraud, the latest in a string of disinformation that officials expect will intensify as voters head to the polls on Election Day and …
Posted: Nov 06, 2024